Job description
Minimum Pay Rate: $107,856.00
Maximum Pay Rate: $142,920.00
Apply by Date: 03/31/2023
Posting Type: Open
Note: This position is also being posted as a Principal Rate Analyst (see job requisition 297) and a Journey - Level Rate Analyst (see job requisition 348). To be considered for either position, applicants must apply to each job announcement separately.
Purpose
Provides technical expertise, analysis and project management related to SMUD pricing, which includes supporting the development of SMUD cost of service, rate design, load and sales forecasting, cost allocation and planning efforts; ensures SMUD meets its revenue requirements and Board established policies.
Nature and Scope
Serves as an advanced journey level resource in a relevant professional discipline; works independently on projects of moderate complexity; exercises independent judgment and discretion; may serve in a Lead role and assist in planning, coordinating, prioritizing, monitoring and evaluating the work results in assigned area and in selecting, training, motivating, evaluating and developing lower-level personnel.
Duties and Responsibilities
- Develops and maintains a revenue forecasting model that accounts for normalized weather patterns and incorporates SMUD’s energy forecast; modifies, expands and maintains a rate design model that allocates functional revenue requirements to customer classes based on historical costs and marginal cost principals.
- Provides leadership and trains others in the use of the rate comparison model, rate design model, and cost of service studies.
- Validates accuracy of models and develops batch billing programs for rate design; designs and estimates impact of innovative rates based on recommendations from the Board, Rate Advisory Committee, and executive management.
- Serves as subject matter expert in maintaining accessible load research and billing determinant data in support of pricing, load research, regulatory filings, demand side management programs, energy efficiency programs, and market research; develops interactive products to ease access to critical customer information.
- Prepares studies, written technical reports and oral presentations on pricing issues; responds to difficult or controversial rate or pricing related issues raised by SMUD management, the public and the Board.
- Performs related duties as required.
Required Education
A Bachelor’s degree from an accredited college or university with major course work in engineering, marketing, business administration, social science, finance, economics, statistics, or a related field.
Required Experience Qualifications
At least five (5+) years of progressively responsible relevant work experience in pricing, cost of service analysis, revenue requirements, or revenue forecasting, which may also involve analysis of strategic rate design options; financial and statistical analysis; experience in programming for statistical software packages; building and maintaining computer models; reporting of results in written or oral format and presentation to internal/external audiences.
Knowledge Of
Intermediate retail rate design theory and related utility standards; electric utility operations; intermediate methods and techniques of load/market research including average and marginal costing; intermediate techniques and practices for cost benefit analyses; SMUD policies, procedures, and other special agreements including rate-making policy; pertinent federal, state and local laws, codes and regulations governing related rate design and analyses; principles and practices of various analytical approaches; methods and techniques of report preparation and writing; techniques and strategies for public speaking; techniques related to customer relations; office procedures, methods, and equipment including computers and applicable software applications such as word processing, spreadsheets, and databases; English usage, spelling, grammar, and punctuation.
Skills To
Design and implement utility pricing, cost of service studies and revenue forecasts; independently compile and analyze complex financial operating and statistical data; interpret, analyze and apply pertinent policies, procedures, regulations and requirements; gather data from appropriate sources and identify relevant factors; develop and maintain sophisticated computer models in various computer environments; compile and prepare technical, statistical and/or analytical reports and presentations; explain complex and/or controversial policies, regulations, procedures and/or activities internally/externally; communicate effectively orally and in writing internally/externally; establish and maintain effective working relationships internally/externally.
Physical Requirements
Who We Are
As the nation's sixth-largest community-owned electric service provider, we're proud of our reputation as one of the best places to work in Sacramento. Our employees tell us in our engagement surveys they're "Happy, satisfied and engaged" which helps create a workplace that best serves our customers.
Sacramento was named as the 2nd happiest place to work in America by Forbes Magazine. Lake Tahoe, San Francisco and the world-renowned Napa Valley are within easy driving distance of our locations.
Our Commitment to Diversity & Inclusion
SMUD celebrates diversity, and inspires an inclusive culture based on trust and respect to create belonging and connection among our employees, customers, and communities. By working together, we are powering positive, equitable opportunities for all. We aspire to be a workplace where you can be yourself, achieve your best, and thrive together.
An example of our commitment to Diversity, Equity, Inclusion, and Belonging is when SMUD signed the California Equal Pay Pledge in 2020. This requires equal pay for employees who perform “substantially similar work,” when viewed as a composite of skill, effort, and responsibility at the time those employees started within that classification. As such, initial hiring salary range is not subject to negotiation and salaries will vary over time based on performance.
SMUD is proud to be an equal opportunity employer. We do not discriminate in employment decisions on the basis of race, color, religion, gender (including pregnancy), national origin, political affiliation, sexual orientation, gender identity or expression, marital status, disability, genetic information, age, veteran status, or any other applicable legally protected characteristic. All employment decisions are made on the basis of individual qualifications, merit, and business needs and interests.
Why Sacramento, California?
The capitol of California, Sacramento is the state's sixth-largest city, and the 35th largest in the U.S. Local universities include California State University, University of the Pacific's McGeorge School of Law, and the University of California, Davis and several competitive community colleges. The UC Davis Medical Center, a world-renowned research hospital, is one of more than a dozen hospitals and shared services centers in the Sacramento region. Part of the agriculturally-rich Central Valley, Sacramento is at the forefront of the farm-to-fork food movement. Northern California is home to some of the country's top technology companies, including Google and LinkedIn, and a multitude of startups in many industries. Sacramento is home to the NBA Kings, the River Cats (AAA baseball), the Republic FC (soccer) and the San Francisco Giants, NBA Warriors and NFL 49er's aren't far away. Sacramento offers an affluent liberal arts community with Broadway, Mondavi Center, Crocker Museum and summer musical theater to name a few.
Remote Work:
This position may be eligible for SMUD's remote work employee benefit, the schedule of which will be determined by the successful candidate and the Hiring Manager. SMUD takes pride in powering the Sacramento region community where we live and work. We value the strong working relationships we develop with our colleagues. Our approach to remote work will continue to evolve. Please be aware that should SMUD’s business needs change, emergencies occur, or various other reasons arise, you may be required to report onsite on a part-time or full-time basis.
Questions? Email SMUDRecruiter@smud.org
SMUD provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. SMUD complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including, but not limited to, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
SMUD expressly prohibits any form of unlawful employee harassment based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with the ability of SMUD employees to perform their expected job duties is absolutely not tolerated.
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