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Financial/Regulatory Specialist

Topeka, KS
Company: Kansas Electric Power Cooperative ["KEPCo"]
Work Schedule: Regular Office Hours, Monday through Friday
Job Classification: Exempt, Full-Time
Work Schedule: Regular Office Hours, Monday through Friday
Reporting Relationship: Manager, Regulatory Affairs

Primary Accountabilities: The Financial/Regulatory Specialist is responsible for supporting nearly all functions of KEPCo, by performing tasks that focus on evaluating and/or supporting the evaluation of any and all investments, regulatory involvements, power supply costs, and financial recommendations on behalf of KEPCo’s member distribution cooperatives (Members). This position’s primary responsibilities will include, but not be limited to: supporting the process of reviewing and analyzing rate filings and periodic formula rate updates made by KEPCo’s power and transmission suppliers; evaluating current practices to find cost-savings opportunities; supporting the development, implementation, and maintenance of KEPCo’s rate structure with its Members; analyzing potential capital investments related to all of KEPCo’s assets; evaluating and recommending cash and debt management strategies; assisting with developing and maintaining KEPCo’s financial forecast; evaluating economic development opportunities; analyzing impacts associated with new or enhanced Member services or programs; and assisting with developing any financial recommendations made to the KEPCo Board of Trustees (Board). Additionally, this position will support the effort to advise the senior management team and KEPCo Members on cost-related, financial investment, and economic matters. This position also will be responsible for other analyses, planning, forecasting, and strategy-related duties as needed and assigned.

Major Duties:
General
  • Provide analytical support as needed for our finance and regulatory functions, including but not limited to cash management, financial forecasting, Wolf Creek decommissioning fund, annual formula rate updates for power and transmission supply, asset investments, Member rate adjustments, and potential Member contract or Tariff amendments.
  • Participate in the development of KEPCo’s rates and assist in obtaining approvals of regulatory agencies as necessary to execute plans.
  • Assist in analyzing and developing plans for an adequate, economical, and reliable power supply for KEPCo’s Members.
Power Supply and Transmission
  • Remain familiar with local and regional power supply and transmission facilities, including costs, rates, and long-range plans.
  • Remain familiar with KEPCo’s power costs, projected future power costs, and power supply and transmission contracts.
  • Assist with KEPCo's involvement in proceedings before the Federal Energy Regulatory Commission, the Kansas Corporation Commission, and other state and federal agencies or tribunals.
  • Assist with the development of KEPCo’s annual purchased power and transmission expense budget.
Contracts/Tariffs
  • Remain familiar with contract and tariff relationships between KEPCo and its Members.
  • Analyze all potential Member contract and/or Member Tariff amendments to assure all amendments will meet the Board’s desires and all KEPCo’s financial requirements and debt covenants.
  • Assist in developing and evaluating contracts for power supply and transmission service purchases, as necessary.
Revenue
  • Assist in the collection of expense data to be used to develop KEPCo's revenue requirements.
  • Assist in developing KEPCo’s power cost and revenue projections.
  • Assist in developing KEPCo’s annual revenue budget.
  • Assist in the monthly wholesale power billing process for Members.
  • Assist in the evaluation of economic development opportunities.
Investments
  • Analyze potential purchases of office equipment, fleet vehicles, property, etc., associated with KEPCo business, to develop recommendations for the most cost-effective investments.
  • Analyze current financial investments such as the Wolf Creek decommissioning fund, to determine potential modifications.
  • Analyze potential upgrades to Wolf Creek, Iatan 2, Sharpe, Prairie Sky, and all other owned assets, to assure the most informed decision and recommendation is provided to our Board.
Member Services/Communications
  • Support the effort to regularly inform senior management about all aspects of KEPCo's revenue requirements and rate needs.
  • Support the effort to proactively communicate with senior management regarding cost savings ideas, financial analysis needs, efficiency opportunities, and suggestions for enhancing our Members’ experience and minimizing power costs.
  • Assist with analyzing impacts associated with new or enhanced Member services or programs.
  • Assist in preparing reports for the KEPCo Board as requested.
Required Qualifications:
  • Bachelor’s degree in an appropriate technical discipline from an accredited institution is required. Additional preference given to a graduate-level degree.
  • At least five (5) years of direct experience is required.
  • Ability to analyze difficult financial and economic data and draw logical conclusions is required.
  • Proficiency in Microsoft Office suite programs (i.e., Outlook, Word, Excel) is required.
  • Ability to organize, multi-task, plan, and set priorities with minimal supervision is required.
  • Ability to work both independently and in team settings is required.
  • Ability to communicate clearly and concisely, both orally and in writing, is required.
  • Ability to gain and maintain respect of others, both inside and outside of the organization, is required.
  • Strong interpersonal communication skills and the ability to establish and maintain effective working relationships across all levels of KEPCo is required.
  • A valid Kansas drivers’ license is required. • Ability to support the goals, plans, and programs of KEPCo is required.
  • The necessary personal characteristics that make an employee a productive team member, including, but not limited to, high integrity, good personal habits, and regular attendance at work, are required.
  • Poise, tact, diplomacy, and the ability to handle sensitive and confidential information and situations is required.
  • Knowledge of electric utility rate design, including rate implementation and maintenance; cost analysis and cost accounting principles; financial and economic analysis practices and tools; power supply and transmission operations; and purchased power contract administration is preferred.
  • Knowledge of computer modeling for financial analysis and rate applications is preferred.
  • Ability to evaluate complicated electric utility rate issues is preferred.
Physical Demands:
  • Ability to read computer screens, read and respond to email, and talk on the phone.
  • Ability to lift up to twenty (20) pounds.
Work Environment:
  • Professional and deadline-oriented environment in an office setting.
  • Interaction with staff and members.
Additional Duties: Additional duties and responsibilities may be added to this job description at any time. The job description does not state or imply that these are the only activities to be performed by the employee(s) holding this position. Employees are required to follow any other job-related instructions and to perform any other job-related responsibilities as requested by their supervisor.
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