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Regulatory & Finance Director

Location: Fayetteville, AR, United States
Job ID: 33527
Date Posted: Jul 9, 2021
Salary: $137150 to $226300 annually

Job Description

Job Specifications

Provide strategic leadership and planning for regulatory and financial matters related to the Company’s utility business activities in the assigned state(s) or jurisdiction(s). Direct the development of regulatory policies and initiatives that support business strategies, including the development and filing of rate case applications. Direct the preparation and presentation of information for internal decision-making including budgets, strategic plans, financial models and historical analysis of financial statements.  

SALARY RANGE:   $137,150 - $226,300 (Determined by the knowledge, skills and abilities of the applicant.)

REPORTING RELATIONSHIP:   Vice President, Regulatory

LOCATION:   This position is located in Fayetteville, Arkansas. 

  • To learn more about our locations, please visit the location page on our career website.
  • Full Relocation is offered for this position! Our benefits include but are not limited to: home finding trip, transportation of household goods, temporary housing expenses, trips home during temporary housing, paid time off to move, transition and spousal career support, home marketing and home finding assistance, home sale closing cost assistance, appraised value home purchase option, relocation adjustment allowance, destination purchase closing cost assistance, and a partial home equity advance. Contents of our relocation program are subject to change and may vary based on position.

ESSENTIAL JOB FUNCTIONS:

  • Lead the development of regulatory policies and initiatives in support of the Company’s business plans in assigned state or jurisdiction.
  • Direct the development and filing of rate case applications and other regulatory filings in support of the Company’s strategic plan. 
  • Develop and maintain all regulatory relationships needed to advance the Company’s business interests in the assigned state or jurisdiction.
  • Advocate on behalf of the company in both written and oral communications, including in negotiations and as a witness in the hearing room. 
  • Direct the preparation and presentation of the financial plans for the assigned state or jurisdiction, including the 5-year plan, budget and forecast.  
  • Strategically partner with operations and corporate organizations on budget completion and strategies.
  • Direct the analyses and interpretation of the underlying business drivers of monthly operating results.
  • Provide input and direction in support of the Company’s financial press releases, SEC filings, and annual regulatory reports.
  • Perform due diligence procedures primarily related to accounting and financial reporting systems.
  • Implement policies, procedures and process improvements to ensure the Company is operating in compliance with regulations and that regulatory reporting requirements are met.
  • Establish and maintain effective internal controls.
  • Exercise management authority concerning staffing, development, performance appraisals, promotions, salary recommendations and terminations in accordance with company policies and laws.  
  • Develop departmental objectives and recommend overall financial plans with respect to improving the effectiveness of assigned functions.  

QUALIFICATIONS:

  • Minimum of ten (10) years of experience in a utility/energy environment required. 
  • Bachelor’s degree in a relevant field, such as Engineering, Business, Accounting, Finance, Legal or Economics, or equivalent combination of education and experience, required. 

KNOWLEDGE/SKILLS/ABILITIES:

  • Ability to provide leadership and management across multiple geographic work locations.
  • Proven management and supervisory abilities required.
  • Advanced understanding of utility operations along with the regulatory/ratemaking processes.
  • Knowledge of accounting and financial concepts including internal controls.
  • Strong problem solving and analytical skills.
  • In-depth knowledge of financial statements and how operational decisions impact them. 
  • Advanced understanding of the utility regulatory process and rate analysis for gas or electric utility service as well as the impact of regulatory outcomes to business success including the rate making model.
  • In-depth knowledge of return on investment and cost of capital calculations and how to interpret the results and make recommendations on how to improve.
  • Knowledge of basic negotiations, advocacy, and conflict management.
  • Self-motivated with excellent organizational skills and the ability to handle multiple projects effectively in a dynamic, fast-paced environment while meeting deadlines. 
  • Exemplary interpersonal, verbal and written communication skills; ability to prepare and give presentations to external stakeholders as well as provide expert witness testimony at a hearing.
  • Ability to partner with accounting to drive effective decisions through use of GAAP, FERC and other accounting research.
  • Ability to maintain strict confidentiality of business information.
  • Strong enterprise leadership skills, as this position requires the individual to delegate, monitor, and review assignments as well as coach staff to higher levels of performance.  
  • Ability to develop and maintain effective internal and external business relationships.
  • Ability to translate regulatory rules and regulations into operating impacts and actions as well as understanding tariffs within the industry. 
  • Ability to build consensus and successfully communicate with and influence regulatory agency and regulatory commission representatives. 
  • Proven ability to understand and exercise excellent judgment in complex interrelated business issues.

MENTAL/PHYSICAL DESCRIPTIONS AND WORKING CONDITIONS:
The mental and physical descriptions are representative of the activities an employee in an office job performs. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Mental description: Understand, remember, apply oral and/or written instructions or other information, and communicate routine factual information. Understand opposing points of view on highly complex issues and to negotiate and integrate different viewpoints. Make decisions which have significant impact on the Company's credibility, operations, and services.

While performing the duties of this job, the employee continuously accesses, inputs, and retrieves electronic information and communicates regarding the information.  Employee frequently moves about the office space. Employee must be able to operate routine office equipment including computers and similar equipment. Must be able to routinely perform this work for an average of 6-8 hours per day and occasional extended hours as necessary. Must be capable of regular, reliable, and timely attendance.

Specific lifting abilities required by this job include: Light work. The employee is continuously moving about the job site or office space. Exerting up to 25 pounds of force occasionally, and/or up to 10 pounds of force frequently and/or a negligible amount of force constantly to move objects. If the use of reaching and moving controls exertion of forces greater than that for sedentary work and the worker sits most of the time, the job is rated for light work.

Work environment: Routinely perform work indoors in climate-controlled shared work area with moderate noise level. Willing to travel up to 25% (e.g. 1 week or 5 days/month) by automobile (as driver and passenger), commercial airlines, rental vehicles and public transportation and be able to lodge in public facilities. Travel will be necessary to conduct the duties of this job and the employee must have proper licensing to operate a motor vehicle.

This description is not intended to be an all-inclusive list of responsibilities, duties, and requirements for employees in this position. Job descriptions may and do change periodically. Where positions are covered by a collective bargaining unit agreement, the terms and conditions of the collective bargaining unit agreement will apply.


About our Company: We are a customer focused, growth-oriented utility company that is devoted to our communities. We have a mission to improve life with energy and a vision to be the energy partner of choice. Our diverse culture sparks unique perspectives, opening doors to new ideas and possibilities. Based in Rapid City, South Dakota, we have over 2900 employees and serve 1.2 million natural gas and electric utility customers across eight states (South Dakota, Montana, Wyoming, Colorado, Nebraska, Iowa, Kansas, and Arkansas).

Enjoy our Comprehensive Benefits Package: annual incentive program (based on percentage of eligible earnings), 401(k) (6% company match and up to 9% company retirement contribution), tuition reimbursement, paid time off, additional Veteran PTO, military leave differential pay, paid holidays and annual floating holidays, company paid short term and long term disability, paid maternity and paternity benefits, health and wellness program, and competitive medical, dental and vision insurance.

Candidates must successfully pass a pre-employment drug screen and background check. 

Black Hills Corporation does not sponsor applicants for work visas. All applicants must be legally authorized to work in the US.

Black Hills Corporation is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, or status as a protected veteran.

Wage: 137150 to 226300
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Fayetteville, Arkansas
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Regulatory & Finance Director

Fayetteville, AR, United States