Director of Regulatory, Rate Design & Revenue

Job Specifications

Black Hills Energy is people powered and purpose driven. Our team uses the power of energy to improve life for over one million customers in 800+ communities across the West and Midwest. We seek talented, caring people who embody our core values and contribute to a culture of inclusion and growth. As an organization, we believe the best part of working on our team is our commitment to making tomorrow better than today-for our customers, communities and each other.

Position summary: Provide strategic leadership for all regulatory activities within the Company's utility business, driving the development and execution of revenue requirements and rate design strategies across assigned state(s) or jurisdiction(s). Direct the development and execution of regulatory policies and initiatives that support business strategies, including the development and filing of rate case applications. Provide strategic guidance to company leadership regarding regulatory strategy for assigned state(s) or jurisdiction(s).

Direct, develop and maintain trusted regulatory stakeholder relationships to advance the Company's business interests in the assigned state(s) or jurisdiction(s).

Pay Range: $165,850 - $273,700 / Grade 23 (This posting includes the full pay range for this position. Pay is based on a number of factors and may vary depending on job-related knowledge, skills, experience, and internal equity.)

Reporting Relationship: Vice President of Regulatory

Location: Rapid City, SD

Relocation Assistance: Relocation assistance is available based on individual circumstances! Details to be shared during the offer process.

Essential Functions:

• Lead the development and execution of regulatory policies and initiatives-focused on revenue requirements and rate design-to support the Company's business strategy and goals within assigned state(s) or jurisdiction(s).
• Direct the preparation, analysis, development and filing of rate case applications and other regulatory filings primarily covering both revenue requirements and rate design components in support of the Company's strategic plan.
• Direct, develop and maintain trusted relationships with regulatory stakeholders through meetings, conference participation and industry association engagement.
• Advocate on behalf of the company in both written and oral communications, including in regulatory proceedings, legislative hearings, and industry association committees and meetings. Will be required to act as a witness in rate review and other filings.
• Partner with operations, financial management and other corporate organizations in development of financial and strategic plans for assigned state(s) or jurisdiction(s).
• Provide direction in support of the Company's press releases, SEC filings, and annual regulatory reports.
• Develop and implement policies, procedures, and process improvements to ensure the Company is operating in compliance with regulations and that regulatory reporting requirements are met.
• Exercise management authority concerning staffing, development and mentoring, performance appraisals, promotions, salary recommendations and terminations in accordance with company policies and laws across multiple geographic work locations.

Additional Responsibilities:

• Direct, develop and maintain effective internal and external business relationships.
• Other duties as assigned.

What Is

Required:

• Bachelor's Degree relevant field, such as Engineering, Business, Accounting, Finance, Legal or Economics
• Minimum of 10 years of experience in finance, accounting, regulatory or a related field.
• Minimum of 3 years of people leadership experience is required.

What Is Desired:

• Advanced understanding of utility operations, the utility regulatory process and rate analysis for gas and electric utility service with focus on revenue requirements and rate design, as well as the impact of regulatory outcomes to business success.
• Knowledge of accounting and financial concepts including internal controls, financial statements and how operational decisions impact them, and return on investment and cost of capital calculations and how to interpret the results and make recommendations on how to improve.
• Creative problem solving and strong analytical skills.
• Knowledge of 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.
• Strong partnership and collaboration skills.
• Ability to maintain strict confidentiality of business information.
• 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 stakeholders.

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