Rate Analyst / Senior Rate Analyst - Oahu, Hawaii Island, Maui

We recognize our competitive advantage our people. We believe in our people, who share our vision of meeting the needs of our employees, customers, and communities and who carry out the continued success of the company.

Our employees are committed to the company's foundational values: integrity, excellence, teamwork, environmental stewardship, and community commitment. In turn, we invest in our employees, providing opportunities for challenge and advancement and offering a competitive compensation package.

BRIEF POSTING DESCRIPTION:

The P SP PRICING Department of the P PRICING Division at Hawaiian Electric Company has 1 Management vacancy available. This position may be filled on Oahu, Maui, or Hawaii Island. (Role: Professional)

This vacancy will be filled at either the Rate Analyst or Senior Rate Analyst level; whichever is most suitable to the qualifications of the selected candidate.

Posting End Date: This position will remain open until filled. Early applications are highly encouraged.

RATE ANALYST JOB FUNCTION:

Prepares and implements cost recovery, rates, and utility progam initiatives that support strategic focus areas of the Hawaiian Electric Companies.

ESSENTIAL FUNCTIONS:

- Serves in a primary role in the cost recovery process, including designing rates, preparing tariff rate sheets and regulatory applications, and creating cost recovery reconciliations and reports for all surcharges for the Hawaiian Electric Companies (“Companies”).

- Researches and develops rate modifications, including new rate forms and their implementation. Develops billing analyses, including comparative scenarios for customers.

- Prepares testimony, exhibits, workpapers, and responses to information requests, for revenues, cost of service, and rate design for all of the Companies in rate cases and other regulatory proceedings. Works with other departments to coordinate assumptions, forecasts, and implementation plans. Supports the implementation of rate changes, including tariff preparation and testing of rate programming in the billing system.

- Provides division support for other dockets, including fuel and purchased power contracts, rate incentive programs, and all other initiatives. Develops supporting testimony, tariffs, and responses to information requests. Assists in preparation of revenue forecasts.

- Responds to rate-related inquiries from all stakeholders, including customers, regulators, and outside consultants. Performs tasks as needed to support the Department and Process Area.

- Participates in Company emergency response activities as assigned, including any activities required to prepare for such emergency response.

BASIC QUALIFICATIONS:

Knowledge Requirements

- Working knowledge of the principles of public utility rates, rate design, cost-of-service methodologies, utility accounting, engineering concepts, economic analysis methods, and/or cost accounting, acquired through job experience and/or formal education in graduate level or advanced college level courses in economics, engineering, and/or business.

- Working knowledge of fuel, purchased power, rate making issues, and/or related issues and concepts in the electric utility industry. Hawaii-specific knowledge preferred.

Skills Requirements

- Excellent written and oral communication skills.

- Excellent analytical skills. Strong computer skills. Strong Microsoft Excel skills. Strong attention to detail.

- Ability to independently identify and effectively obtain/follow-up data needs and to analyze for reasonableness and consistency, and to offer solutions and recommendations. Demonstrated ability of taking initiative and being proactive.

- Ability to apply technical concepts and methodologies in developing pricing and cost recoveries; to keep thorough documentation of work projects, and to complete tasks accurately, efficiently and in a timely manner.

- Demonstrated organizational, planning and time management skills to handle multiple projects and programs at the same time.

Experience Requirements

- Several (3-5) years of experience in areas such as utility pricing, development of utility cost studies, economics, accounting, rate analysis and design, financial analysis, analytics, and/or engineering.

- Prior experience in regulatory related matters preferred.

SENIOR RATE ANALYST

JOB FUNCTION:

Provides policy direction, coordination, and implementation for cost recovery, rates, and utility program initiatives that support strategic focus areas of the Hawaiian Electric Companies.

ESSENTIAL FUNCTIONS:

- Leads the cost recovery process, including designing the rates, preparing the tariff rate sheets and regulatory applications, managing the accounting, reconciliation, and reporting for all surcharges for all of the Hawaiian Electric Companies.

- Leads the preparation of testimony, exhibits, workpapers, responses to information requests, for revenues, cost of service, and rate design for all of the Hawaiian Electric Companies in rate cases and other regulatory proceedings. Works with other departments to coordinate assumptions and policy approaches. Leads the implementation of rate changes, including oversight of tariff preparation and rate re-programming in billing system.

- Leads division support for other dockets, including fuel and purchased power contracts, program initiatives, and performance based regulation. Develops supporting testimony, tariffs, responses to information requests. Works with project leaders from other departments to ensure effective pricing support. Assists in preparation of revenue forecasts.

- Serves as liaison and resource for rates and pricing issues in planning and implementation. Works with both regulatory and policy planning groups and customers and operations groups to enable desired rate outcomes for both short-term and long-term.

- Responds to rate-related inquiries from all stakeholders, including customers, regulators, and outside consultants. Performs tasks as needed to support the Department and the Process Area.

- Participates in Company emergency response activities as assigned, including any activities required to prepare for such emergency response.

BASIC QUALIFICATIONS:

Knowledge Requirements

- Extensive knowledge of the principles of public utility rates, rate design, cost-of-service methodologies, utility accounting, engineering concepts, economic analysis methods, and/or cost accounting, acquired through job experience and/or formal education in graduate level or advanced college level courses in economics, engineering, and/or business.

- Extensive knowledge of fuel, purchased power, ratemaking issues, and/or related issues and concepts in the electric utility industry. Hawaii-specific knowledge preferred.

Skills Requirements

- Leadership skills to organize and coordinate the activities of cross-functional working groups within the company. Demonstrated ability of taking initiative and being proactive.

- Creativity and innovation to identify appropriate pricing and rate design concepts and modify them as necessary for application in cost recovery filings, in rate cases, and in other proceedings.

- Excellent written and oral communication skills. Excellent presentation skills.

- Excellent analytical skills. Strong computer skills. Excellent knowledge of Microsoft Excel. Excellent attention to detail.

- Ability to apply technical concepts and methodologies in developing pricing and cost recoveries; to keep thorough documentation of work projects, and to complete tasks accurately, efficiently, and in a timely manner.

- Demonstrated organizational, planning, and time management skills to contribute to multiple projects and programs at the same time.

- Demonstrated ability to work with a variety of individuals one-on-one or in a team setting and handle difficult and/or sensitive issues while meeting the expectations of internal and external customers.

Experience Requirements

- Multiple (5-7) years of experience in areas such as utility pricing, development of utility cost studies, economics, accounting, rate analysis and design, financial analysis, analytics, and/or engineering.

- Several years (3-5) of experience in regulatory related matters preferred.

Role:

Professional

Number of Vacancies:

1

Location:

Oahu, Maui or Hawaii Island

Hiring Range:

The hiring range for the Rate Analyst position is $71,100 to $88,800. The hiring range for the Senior Rate Analyst position is $87,400 to $111,500. The person selected will be placed according to his/her skills and qualifications.

About Hawaiian Electric Companies

Hawaiian Electric Companies provide electricity and services to 95 percent of the state's 1.4 million residents. The company is also one of the state's leading employers and a major contributor and supporter of community and educational programs.

The demand for power that has fueled the growth of the Hawaiian Islands has been met by Hawaiian Electric Companies for well over a century. And as the next millennium unfolds, the company is committed to providing quality service and seeking clean local energy sources to power generations of Hawaii families and businesses to come. Visit us at http://hawaiianelectric.com.

Interested individuals should apply online. The application must clearly indicate the demonstrated experience/knowledge/skills/abilities the candidate possesses which specifically qualifies him/her for the position.

Applicant Certification

By submitting an application for the position, candidates:

- Authorize the Hawaiian Electric Companies to confirm all statements contained in the application and/or any materials submitted and made a part of the application as they relate to the position and to the extent permitted by law;

- Authorize and consent to, without reservation, the Hawaiian Electric Companies sharing any and all information regarding previous or present employment, educational training or personal information from their records and from any other source with the hiring department or subsidiary company;

- Release, discharge, and hold harmless, Hawaiian Electric Companies, from any and all liability for any damage which may be claimed as a result of furnishing such information to the hiring department or subsidiary company;

- Authorizes release and transfer of all personnel records to be maintained by the hiring company in the event of an inter-company transfer; and

- Authorize, direct, and consent to Hawaiian Electric Companies and/or its authorized agents to conduct investigations into candidates' background. These investigations may include, but are not limited to searches for information about applicants; record of criminal convictions to the extent permitted by law, education records, professional certifications, personal character references, and employment history.

EEO Statement

Hawaiian Electric Companies is an equal opportunity employer, including disability and protected veteran status.

Hawaiian Electric Companies complies with all applicable laws, including Title I of the Americans with Disabilities Act. Any request for reasonable accommodation needed during the application process should be communicated by the candidate to the HR Service Center at (808) 543-4848.

Affiliate Disclaimer

Hawaiian Electric Company, Inc., Maui Electric Company, and Hawaii Electric Light (“Company”) are Hawaii Public Utilities Commission (“PUC”) regulated companies. The disclosure relating to Affiliate Transaction Requirements that follows is made pursuant to the PUC’s Decision and Order No. 35962, issued on December 19, 2018, and subsequently modified by Order No. 36112, issued on January 24, 2019 in Docket No. 2018-0065.

By submitting your application, you understand and acknowledge that, if you are hired by the Company and subsequently transferred, assigned or otherwise employed by an Affiliate, said Affiliate will be required to make a one-time payment to the Company in an amount up to twenty-five percent (25%) of your base annual compensation.

In addition, if you are hired by the Company and subsequently transferred, assigned or otherwise employed by an Affiliate or an Affiliate-Related Entity, for a period of one year, you cannot appear in negotiations or otherwise interact directly with the Company or work on the same matter that you worked on while with the Company.

Affiliate is defined as “any person or entity that possesses an ‘affiliate interest’ in a utility as defined by section 269-19.5, Hawaii Revised Statutes (“HRS”), including a utility’s parent holding company, except as otherwise provided by HRS section 269-19.5(h).”

Affiliate-Related Entity is defined as “a third party that provides electricity-related services in a regulated utility’s service territory that has a material financial, operational, or ownership interest with an unregulated affiliate of the utility and of whom the utility has reasonable knowledge.”

For a current list of all Affiliates and Affiliate-Related Entities, please see:

https://www.hawaiianelectric.com/about-us/key-performance-metrics/financial/affiliate-transactions

This list may be amended, updated or revised from time to time without notice.