Superior Water Light and Power

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Rates and Regulatory Analyst II (Finance)



Superior Water, Light and Power (SWL&P), an ALLETE company, provides electricity, water, and natural gas to customers in Superior, Wisconsin, and adjacent areas. Its offices are in Superior in northwestern Wisconsin across the St. Louis River from Duluth, Minnesota, where ALLETE is headquartered. SWL&P has served this region for more than 130 years and today has 15,000 electric customers, 13,000 natural gas customers and 10,000 water customers. SWL&P plays a unique and significant role in ALLETE's sustainability-in-action strategy. Our culture drives excellence through our shared values of integrity, safety, people, and the planet.

RESPONSIBILITIES:

  • Analyze and interpret cost records to compute the costs of products or services (electric, gas, water, etc.).
  • Develop pricing strategies to recover costs while ensuring a reasonable return on investment.
  • Prepare, submit, support and completes rate applications and reports for regulatory authorities.
  • Evaluate projects using statistical data, company goals, competition, and external factors.
  • Ensure that regulated tariffs meet the specifications of the regulatory environment (PSCW, MPUC, FERC, etc.).
  • Forecast and schedule utility nominations for electric and gas distribution systems and customers.
  • Develop and maintain firm and interruptible supply contracts and agreements to ensure successful transfer of electric and gas supply across relevant distribution systems.
  • Ensure full compliance with utility laws, regulations, and industry standards. Researches compliance issues and ensure appropriate policies and procedures are in place and being followed.
  • Collaborate with accounting, finance, customer service and operations teams to meet all regulatory requirements.
  • Design and implement effective regulatory compliance processes while fostering strong relationships with internal and external stakeholders.
  • Ensure adequate internal review of regulatory filings.
  • Track and monitor regulatory changes and policies to assess their impact on the Company and prioritize compliance issues.
  • Develop and maintain detailed financial models to support business planning, forecasting, and decision-making processes.
  • Analyze historical financial data and market trends to inform model assumptions and projections.
  • Perform return on rate base (RORB) calculations to evaluate the profitability and regulatory compliance of investments.
  • Provide recommendations based on financial model insights to optimize investment decisions and improve return on rate base performance.

REQUIRED EDUCATION:
  • Bachelor's Degree required.
    • Degree in finance, accounting, business administration, economics, mathematics, or political science preferred

REQUIRED EXPERIENCE:
  • Four years or more experience in regulatory or utility sector required.

SPECIAL REQUIREMENTS:
  • This position will report regularly in person to Superior, WI
  • Requires excellent oral & written communication skills to build & maintain positive working relationships.
  • Must be able to establish and maintain effective working relationships throughout the corporation and with associated external parties.
  • This position may be subject to assessment of skills, job match and/or aptitude.

COMPENSATION AND BENEFITS:
  • The expected annual compensation range for this position is $65,000-$82,000. Compensation offered to the selected candidate will vary depending on relevant knowledge, skills, training, experience, and market conditions.
  • Compensation Incentive Program
  • Retirement Benefits
  • Medical, Dental & Vision Plan
  • Health Savings Account & Flexible Spending Accounts
  • Life Insurance, Disability & Voluntary Benefits
  • Paid Time Off
  • Tuition Reimbursement
  • Professional Development Opportunities
  • Community Engagement, and more.

Employer will not sponsor Visas for position.

External applicants must apply online via www.allete.com/careers.

This job posting will be available for application until the position has been filled OR the posting close date noted herein, whichever date is earlier.

ALLETE is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, gender, gender identity, sexual orientation, age, status as a protected veteran, among other things, or status as a qualified individual with disability.

If you are an individual with disabilities who needs accommodation or you are having difficulty using our website to apply for employment, please contact our Human Resources department at 218-723-7553.

EEO/AA/F/M/Vet/Disabled

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