Manager, Revenue Requirements

Requisition ID # 167310 

Job Category: Accounting / Finance 

Job Level: Manager/Principal

Business Unit: Finance

Work Type: Hybrid

Job Location: Oakland

Department Overview

The Revenue Requirements and Cost Recovery department is an integral part of PG&E’s Finance organization. We play a pivotal role in financial analysis, financial modeling, and cost recovery. Our vision is to provide value-added financial insights and regulatory expertise to PG&E and our customers. Our team prepares forecasts, regulatory proposals, and testimony for timely recovery of approximately $20 billion in costs annually across multiple regulatory jurisdictions. We take pride in enabling informed decision making for our partners across PG&E through robust financial modeling and strategic analysis. Our team is also in the unique position to interface with CPUC and FERC staff, and other external stakeholders. 

We are passionate about creating a team culture with rewarding work experiences. We build and maintain trusted relationships in an exciting and fast-paced environment. 

Position Summary

The Manager leads a fast-paced team responsible for analysis and recovery of expense costs across PG&E’s multiple jurisdictional utility operations. The Manager partners with functional area leaders and witnesses to develop financial costs for expense programs for regulatory filings, settlement negotiations, and effective business decision-making. The Manager maintains standards and guidelines for the submission of financial data from the functional areas, and ensures the costs included in various regulatory proceedings are consistent with the objectives and intentions of PG&E’s business functions, meet Company and regulatory timelines, and are strategically sound and professionally presented to the California Public Utilities Commission (CPUC) and the Federal Energy Regulatory Commission (FERC). Key regulatory proceedings include the General Rate Case (GRC), Electric Transmission Owner case, and incremental filings such as the Wildfire Mitigation Cost Recovery applications.

The Manager may serve as a witness testifying and responding to discovery requests on issues of moderate to high complexity. This position is visible, working cross-functionally and regularly interacting with PG&E’s regulatory case management teams, legal and business functions to facilitate enterprise-level rate case forecasting process and cost recovery proposals.

The Manager is responsible for driving continuous improvement in business processes supporting this function, as well as providing direction and leadership support through supervision and effective coaching.

The role is hybrid working from your remote office and in-person at the Oakland General Office 1-2x weekly or based on business needs. 

Disclosure:

PG&E is providing the salary range that can reasonably be expected for this position at the time of the job posting. This salary range is specific to the locality of the job. The actual salary paid to an individual will be based on multiple factors, including, but not limited to, internal equity, specific skills, education, licenses or certifications, experience, market value, and geographic location. The decision will be made on a case-by-case basis related to these factors.​This job is also eligible to participate in PG&E’s discretionary incentive compensation programs.   

Pay Range:

Bay Area – $129,000 - $184,000 annually

Job Responsibilities

• Lead team to support expense cost recovery and analysis in all phases of a regulatory proceeding, including writing and reviewing persuasive testimony; developing comprehensive workpapers; participating in workshops; responding to data responses; reviewing and summarizing third party testimony, regulatory proposals, settlement agreements, and decisions to analyze potential ratemaking and financial impacts of complex issues; leading development of strategies to rebut testimony and design of new proposals for submittal in regulatory proceedings.
• Work closely with regulatory leadership and business partners to support regulatory filings, including the GRC, Wildfire Mitigation and Catastrophic Event Application, and FERC rate cases.
• Provide strategic and expert financial advice on cost recovery and revenue requirements forecast, especially in areas related to Administrative and General expenses, and Operations and Maintenance programs.
• Lead analysis of spending profiles and cost categories to understand how various costs and trends for key programs and emergent issues impacting current and future cost of service. Collaborate with business partners to incorporate various financial-related variables in the analyses.
• Develop and review expense revenue requirement calculation. Establish tool validation requirements and processes. Review and verify financial model results for compelling filings.
• Lead development and documentation of GRC regulatory funding values by expense program for management review and annual compliance report filings.
• Review guidance documents, develop rate case forecast guidelines, standards, and models to enhance process and controls for internal and external audits.   
• Initiate and lead cross-functional continuous improvement projects, including development and review of implementation plans and process flows.
• Serve as a witness in a regulatory proceeding. Apply subject matter expertise in the development of strategy or resolution on cost recovery issues.
• Develop cross training for employees to facilitate knowledge transfer. Develop and Coach team.
• Manage business priorities effectively in a fast-paced environment and deliver solutions timely.
• Build and maintain productive relationships throughout the organization and with PG&E’s business functions.
• Effectively communicate technical information to various audiences at all levels of the organization and via business communication channels, including developing presentation materials to summarize key takeaways.
• Demonstrate strategic leadership using Lean Operating System, including use of operating reviews.

Leadership Qualities

Strategic Mindset

Seeing ahead to future possibilities and translating them into breakthrough strategies.

Operating effectively, even when things are not certain or the way forward is not clear. 

Demonstrates Safety Leadership

A safety champion in words and deeds with respect to both employee and public safety.

Maintaining an environment of open dialogue and free of retaliation. 

Influences and Inspires

Using various communications that convey a clear understanding of the needs of different audiences.

Maneuvering comfortably through complex policies, processes, and people-related dynamics. 

Optimizes Team Performance

Building strong-identity teams that apply their diverse skills and perspectives to achieve common goals.

Creating a climate where people are motivated to do their best to help the organization. 

Values Diversity and Creates Inclusion

Recognizing the value that different perspectives and cultures bring to an organization. 

Leads Ethically and in a Compliant Manner

Sponsoring and sustaining a high integrity speak-up corporate culture which prioritizes ethics, safety, and compliance. 

Provides a High Level of Customer Service

Building strong customer relationships and delivering customer-centric solutions. 

Qualifications

Minimum: 

• Bachelor's degree in Business, Economics, Finance, Engineering or related discipline or equivalent related experience.
• 8 years of related experience.
• 3 years of experience leading projects and/or a supervising team 

Desired: 

• Effective communication and strong analytical skills.
• Strong interpersonal and team collaboration skills to effectively manage issues and contacts at various levels.
• Experience with regulatory environment including the development and support of expert witness testimony.
• Good understanding of overall utility revenue requirement, cost of service ratemaking, and California regulatory landscape including key regulators (CPUC and FERC).
• Understand regulatory recovery and financial costs and how financial data is used (e.g. CPUC decisions, GAAP financial statements).
• Able to present analysis and related financial data in a cohesive, understandable format to senior leadership and external stakeholders.
• Demonstrate understanding of technical concepts.
• Ability to write compelling testimony in support of a proposal.
• Advanced Excel, Word, and PowerPoint skills.
• Excellent research and issue resolution skills.
• Expert knowledge of SAP accounting modules.
• Depth and breadth of knowledge of the end-to-end regulatory process and environment.
• Skilled in cost allocation, rate policy development, and regulatory accounting.