Manager, Rates and Settlements


Alectra Utilities - Mississauga
Mississauga, Ontario

Posted On: July 29, 2019
Last Day to Apply: August 23, 2019

 www.alectrautilities.com/careers

The Opportunity

Job Posting Number:

2019-169

Position: 

Manager, Rates and Settlements

Location:  

Mississauga (Derry Rd)

Reports to:

Director Rates and Settlements

Business Unit:

Rates and Settlements

Division:

Regulatory Affairs

Hours per Week:

35

Rate of Pay:

Commensurate with range and candidate’s experience

Number of Openings:

1

Union:

No

Open:

July 26, 2019

Close:

August 23, 2019

Position Purpose:

The Manager, Rates and Settlement provides leadership and support to the rates and settlements portfolio including managing resources and processes to ensure accurate, consistent and timely reporting to both external regulatory authorities and internal users. Under the supervision of the Director, this position ensures the proper alignment of distribution rates setting initiatives with financial planning, budgeting, and investment activities.

Responsibilities:

  • Manages department priorities to ensure the accurate, timely and effective analysis of revenue, wholesale and retail settlements, and regulatory-related elements of monthly financial results
  • Responsible for all MIFRS & IFRS financial reporting requirements related to revenue, cost of power and regulatory results including variance analysis of actual to budget, forecast and year over year
  • Ensures that all regulatory-related accounting, policies and procedures are established and maintain compliance with OEB, IESO, Ministry of Energy, and Ministry of Finance laws, codes, and regulations
  • Leads the regulatory-related elements of financial audits, including external audit of financial statements,.
  • Manages the introduction of new or modified regulatory-related business processes including the creation of job aids and employee training
  • Manages customer relationships with the OEB, IESO, Hydro One and embedded generator customers to achieve customer satisfaction by handling all complex rates and settlement inquiries in a timely manner
  • Manages department projects and key initiatives to ensure quality and timely completion within budget
  • Assists in providing regulatory or financial expertise on special projects as required
  • Leads and manages the timely and accurate reporting of all OEB, MOE & IESO reporting requirements,
  • Supports the creation of annual rate application and other related application submissions, responses to interrogatory questions and acts as a technical subject matter expert during the proceeding, as required
  • Supports the creation and strategic positions on revenue, cost of power, load forecasts, rate design, cost allocation, rate base, and operation, maintenance and administration expenditure for annual budgets, forecasts and rate applications
  • Supports the development of the regulatory-related annual business plans and budgets and manages resources and budgets accordingly
  • Monitors industry issues and regulatory developments; and builds and maintains solid working relationships with government and regulatory authorities in order to proactively keep abreast of new and evolving regulations, including recommending appropriate course of action to industry changes which best supports the organizations position
  • Provides overall people leadership and direction through coaching, development, performance management and resource planning
  • Researches, recommends and implements new or enhanced policies, procedures and processes to improve operational effectiveness
  • Provides support and works cooperatively with other internal groups regarding regulatory accounting, compliance, revenue and billing related issues
  • Leads the OEB regulated reporting requirements including RRR, ESQR, and the annual utility scorecard
  • Performs other duties as assigned

Education

  • Bachelor’s degree in Business Administration, Finance, Economics, Accounting or a related discipline, or the equivalent related industry experience
  • CMA/CGA/CA/CPA designation
  • Must hold and maintain a valid class “G” driver’s license

Specialized knowledge

  • Knowledge of all regulatory and governmental requirements including: Retail Settlement Code, Distribution Settlement Code, Standard Supply Service Code, Affiliate Relationships Code, Electricity Distribution Rate Handbook, Accounting Procedures Handbook, IESO Market Rules, Electricity and Gas Inspection Act, Personal Information Protection and Electronic Documents Act, Municipal Freedom of Information and Protection of Privacy Act
  • Knowledge of the electricity regulated industry or equivalent experience with emphasis on regulatory accounting, rate design and cost allocation methodologies
  • Oracle JD Edwards and CC&B
  • Strong computer skills with proficiency in MS Office applications

Experience

  • Minimum of 5 years’ experience in a leadership role preferably in finance, and/or regulatory Demonstrated experience in a leadership role involving project management, utility rate-making and regulatory compliance
  • Experience in a regulated utility environment supporting MIFRS/IFRS reporting is a strong asset
  • Experience operating within the IESO wholesale market

Skills/Abilities/Competencies

  • Excellent strategic, methodical problem solving skills including analytical, interpretive, evaluative and/or constructive thinking to solve unique problems
  • Strong ability to lead change and engage, develop and motivate teams
  • Strong planning skills, with the ability to assess the impact of decisions
  • Excellent written and presentation skills, with the ability to organize and convey information in a compelling manner
  • Ability to plan, prioritize and execute multiple projects and initiatives within established timelines  
  • Strong conflict negotiation skills, with the ability to influence and resolve difficult situations

How to Apply

If you would like to be considered for this position and meet the qualifications, please submit your resume by visiting the Careers section of our website at www.alectrautilities.com/careers.

You can also submit a resume for us to keep on file and review as new opportunities arise that might be the right fit for your skills and experience.

Alectra is an equal opportunity employer and is committed to providing a recruitment process that respects the dignity and independence of all candidates. Should you require accommodation at any stage in the recruitment, assessment and selection process please consult with Alectra’s People Team.

We thank all applicants for their interest in a career with Alectra. Only those selected for an interview will be contacted.

July 30, 2019

 

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