Job Description
About UsAt SoCalGas, we believe that every Californian deserves a resilient energy future. We are working to achieve that future by empowering California to reach its sustainability goals through innovation, collaboration, and decarbonization. As our state’s energy needs change, we will be there providing reliable energy that is clean, safe, and affordable to our 22 million customers.
In addition to helping shape the future of hydrogen technology and clean energy, as an employee of SoCalGas you’ll also enjoy an aggressive total compensation plan, multiple upward mobility opportunities and the ability to find a true work life balance. We also strive to reflect the communities we serve by attracting top talent and maintaining a diverse workforce. To discover more about how rewarding it is to work here, we invite you to visit these pages on our website: Our Mission; Diversity, Equity and Inclusion, Sustainability, In the Community, and Employee Benefits. Join SoCalGas today to share in our mission to build the cleanest, safest, and most innovative energy company in America!
Primary Purpose
Oversees the maintenance of SoCalGas' Commission-authorized regulatory accounting mechanisms to ensure regulatory compliance and integrity of utility earnings. This may include assuming a lead role in future regulatory proceedings involving the development and/or modification of new or existing regulatory account mechanisms, respectively, to ensure appropriate cost recovery from customers and to facilitate the implementation of the new regulatory accounting requirements as authorized by the Commission. Responsible for taking the key role in the development and maintenance of the regulatory account forecast and variance reporting process for the Utility's significant regulatory accounts which is critical information in Management's determination of cash requirements during the year and the development of a rate strategy to ensure timely recovery from or refund to customers while simultaneously avoiding rate volatility among all customer classes.
Duties & Responsibilities
- Prepares and/or coordinate monthly regulatory account adjustments to ensure accuracy and regulatory compliance. Resolves any regulatory accounting issues with the Regulatory Accounts Manager to ensure integrity of utility earnings. In addition, after consulting with the Regulatory Account Manager and Director of Utility Accounting, timely notify Financial Planning of any unusual adjustments to the Utility's regulatory accounts which may significantly impact shareholder earnings.
- Assumes a key role in the development and maintenance of the regulatory account forecasts provided in connection with the calendarized, Outlook, and 5-Year Financial Plans. Ensures the most current demand forecasts, gas prices,O&M forecasts, etc., are used in the development of regulatory account forecasts. Provides support in refining regulatory account forecast/outlook, as needed, based on updated prices and throughput information.
- Provides support in regulatory proceedings before the California Public Utilities Commission (CPUC), and the Federal Energy Regulatory Commission (FERC), possibly as a witness.
- Prepares regulatory accounts and assist in coordinating Regulatory Accountant’s efforts to ensure that regulatory accounts maintained comply with the Utility's Preliminary Statement and the applicable Commission decision which authorizes such regulatory account mechanism.
- Assumes a lead role in the implementation of new regulatory accounting requirements and assess the impact to the Utility's current regulatory reporting procedures. This includes developing an action plan to effectively communicate the new regulatory requirements to appropriate departments to ensure that the necessary changes are made to the Utility's revenue system, Corporate Strategic Database (CSD), and any other data reporting systems.
- Performs other duties as assigned (no more than 5% of duties).
Education
- Bachelor's Degree Accounting, finance, economics, related field, or equivalent experience. Required
- 3 years Accounting, finance, or related experience (preferably in the utility business). Required
- Possess a high level of specialized knowledge regarding financial, accounting and regulatory matters and is considered an expert/authority in these areas. Intermediate
- Understanding of the "big picture" and ability to interpret accounting, regulatory and financial theories and concepts, and develop alternate solutions to the Company's current business and regulatory issues to enhance competitive positioning and maximize customer and shareholder value.
- Able to organize, plan, control, coordinate, and effectively manage cross-functional assignments and projects.
- Able to convey complex technical information in a clear and concise communications manner to technical and non-technical audiences.
- Interpersonal skills to persuade and influence those with divergent opinions toward consensus. Intermediate
- Knowledge of "generally accepted accounting principles."
- Understanding of the interrelationship of "utility rate-making", tax, and finance concepts.
- Must have the ability to interpret accounting and financial theories and apply them in problem solving.
- Must have the ability to identify issues, analyze data, and develop, recommend and implement solutions.
- Must possess initiative, decision-making skills and problem solving abilities.
- CPA, CMA, MBA and/or other professional certificates/advanced degrees. Preferred
SoCalGas offers a comprehensive benefits program to help support employees both personally and professionally. These benefits include, but are not limited to:
- Competitive pay & Annual Bonus program
- Medical, dental, and vision packages (plus free Mental Health resources/sessions)
- 401K company match & Company provided Pension Plan
- Work/Life Balance including generous PTO
- Wellness Programs/Classes
- Tuition/Education Reimbursement
- Career Development Tools & Resources through SoCalGas University
Southern California Gas Company will consider for employment all qualified applicants, including those with arrest or conviction records, in accordance with the requirements of applicable state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, the Los Angeles County Fair Chance Ordinance for Employers, and the California Fair Chance Act.
Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
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