*This position could be located at our Headquarters in Anadarko or at our satellite office in Moore, OK*
Applications will be accepted until June 5, 2019 1 Apply on-line at www.wfec.com
SUMMARY: Under the direction of the Manager, Corporate Planning, the Regulatory Tariff, Rate and Revenue Analyst under limited supervision, analyzes financial data by collecting, monitoring, and studying data. Studies will involve standard and self-designed techniques and practices, and will require independent judgment on procedures of difficult complexity. The incumbent compiles, analyzes and gathers information regarding our tariff and rate design related matters, wholesale rates, revenues and costs and prepares filing requirements and responses to discovery requests. The incumbent shall develop cost of service and rate studies and prepare recommendations for board policy decisions as well as be responsible for obtaining regulatory approval of rates. Incumbent shall also provide analytical support and reports on an as-needed basis.
ESSENTIAL DUTIES AND RESPONSIBILITIES: Include the following; other duties may be assigned. Gathers data from various sources, analyzes rates, revenues and costs, as well as reviews alignment of WFEC's approved formulaic rates with the industry to keep the Cooperative's strategic plan, business goals, rate philosophy, policies and practices up to date with industry standards. Prepares and files the annual Transmission Formula Rate as required by SPP and approved by FERC. Prepares required filings and schedules. Serves as the primary contact with the regulatory agency staff, and manages that relationship as it relates to the Transmission Formula Rate. Assists other departments and aids in the understanding of how the Transmission Formula Rate impacts WFEC's financial goals, as well as supports and answers the questions of management, WFEC members, transmission customers, the Board of Trustees, FERC, SPP, credit rating agencies and others regarding the formula rate. Prepares analysis reports to track actual revenue from the transmission formula rate compared to the forecast. The Incumbent researches and resolves any reported discrepancies. Designs, develops, implements and administers a plan for input of data into the Transmission Formula Rate. Coordinates activities of other staff involved with various aspects of the Transmission Formula Rate: a) Collect data; b) Create reports; c) Analyze the results; and d) Recommend changes. In conjunction with other departments, the Incumbent designs, develops, and maintains a system for storage, analysis, and reporting of revenue and expense history pertaining to historical rates. Creates reports showing changes from previous years while researching and explaining the source of the change. Participates in Southwest Power Pool through working groups, task forces or data requests, as well as interacts with applicable state regulatory commissions for specific data requirements. Assists with the preparation of the transmission revenue budget by providing and analyzing data for margin requirements as well as calculating and forecasting revenues and costs related to SPP transmission assets. Provides support updating the Cost of Service Study by compiling data and evaluating revenues and expenses. Identifies and improves WFEC's financial standing by comparing and analyzing actual results with forecasts, while monitoring outcomes, identifying variances and trends, as well as recommending actions to management. Develop, prepare and analyze tariff rate design matters using regulatory industry knowledge and communicate and update the organization as needed. Support rate regulatory proceedings needed to obtain approval of rates. Prepare filings, testimony, minimum filing requirements, and respond to requests for data from other entities. Performs and reviews analyses related to wholesale rate design and cost of wholesale electric services. Prepare reports, billing impacts, and related documents to provide to member cooperatives related to wholesale rate changes and new proposals. Maintains in-depth knowledge of current tariff requirements and how it impacts WFEC and its members. Makes recommendations and drafts language for new tariff proposals and revisions to existing tariffs for wholesale electric service. Responds to inquiries from member cooperatives regarding the application of rates attributable to their specific organization. Responsible for preparing and reviewing responses to data requests in regulatory proceedings and any other regulatory body regarding rates. Research rate regulatory and policy changes and provide input on solutions to help best align the organization with the changes. Gathers rate and revenue related information from other departments and outside sources. Analyzes revenue requirements and reviews existing or proposed rates in accordance with the Cooperative's strategic plan, business goals, rate philosophy, policies and practices as well as prepares the revenue budget for WFEC.
COMPETENCIES: To perform the job successfully, an individual should demonstrate the following competencies:
Analysis/Design: Synthesizes complex or diverse information; Collects and researches data; Uses experience to complement data; Designs work flows and procedures; Generates creative solutions; Translates concepts and information into images; Uses feedback to modify designs; Applies design principles; Demonstrates attention to detail.
Problem Solving: Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations; Uses reason even when dealing with emotional topics.
Professional Knowledge: Generates creative solutions; Translates concepts and information into applications; Uses feedback to modify recommendations; Pursues training and development opportunities; Strives to continuously build knowledge and skills; Shares expertise with others.
Oral and Written Communication: Speaks clearly and persuasively in positive or negative situations; Listens and gets clarification; Responds well to questions; Demonstrates group presentation skills; Participates in meetings; Writes clearly and informatively; Varies writing style to meet needs; Presents numerical data effectively; Able to read and interpret written information.
Teamwork: Balances team and individual responsibilities; Exhibits objectivity and openness to others' views; Gives and welcomes feedback; Able to build morale and group commitments to goals and objectives; Supports everyone's efforts to succeed.
Planning/Organizing: Prioritizes and plans work activities; Uses time efficiently; Sets goals and objectives; Develops realistic action plans.
Project Management: Develops project plans; Coordinates projects effectively; Communicates changes and progress; Completes projects on time and budget; Manages project team activities.
Professionalism: Approaches others in a tactful manner; reacts well under pressure; accepts responsibility for own actions.
Adaptability: Adapts to changes in the work environment; Manages competing demands; Changes approach or method to best fit the situation; Able to deal with frequent change; delays, or unexpected outcomes.
Customer Service: Manages difficult or emotional customer situations; Responds promptly to customer needs; Solicits customer feedback to improve service; Responds to requests for service and assistance; Meets commitments to customers.
Cost Consciousness: Works within approved budget; Develops and implements cost saving measures; Conserves organizational resources.
QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the education, experience, knowledge, skills, abilities and behaviors required of this position:
Education and Experience: A bachelor's degree in Economics, Business Administration, Finance, Engineering, Accounting, or a related field and a minimum of seven (7) years of progressively responsible electric utility load, financial forecasting, or, regulatory tariff analysis, or the equivalent combination of education and experience, is required. Experience can be substituted for education at the rate of two (2) years of experience for one (1) year of education. Education can be substituted for experience at the rate of two (2) years of education for one (1) year of experience.
Language Skills: Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of employees, managers, clients, customers, and the general public.
Math Skills: Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry, trigonometry, calculus and differential equations. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
Reasoning Ability: Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
Computer Skills: Proficient in the use of a personal computer and Microsoft Office software including Excel. Experience with an enterprise wide financial information system and querying processes including Excel.
CERTIFICATES, LICENSES, REGISTRATIONS: This position requires a current driver's license.
WORK SCHEDULE REQUIREMENTS: This job may require a work schedule in excess of a 40-hour work week and travel on short notice. This position normally works a weekday daytime schedule, but may be required to work additional hours to meet deadlines, and may be required to travel on short notice.
PHYSICAL DEMANDS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to stand, walk, talk and hear. The employee is frequently required to use hands to finger, handle, feel and reach with hands and arms. Specific vision abilities required by this job include close vision and distance vision. Vision and hearing must be normal or corrected to normal.
WORK ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually quiet.
MUST MEET ALL PHYSICAL AND ENVIRONMENTAL REQUIREMENTS
WFEC IS AN EQUAL OPPORTUNITY PROVIDER AND EMPLOYER
MINORITIES, FEMALES, DISABILITY, AND
VETS ARE ENCOURAGED TO APPLY
Internal Number: 290941
About Western Farmers Electric Cooperative
WFEC is a generation and transmission (G&T) cooperative, headquartered in Anadarko, Oklahoma, was organized in 1941, when western Oklahoma distribution cooperatives found it necessary to secure an adequate power supply at rates that farmers and rural industrial developers could afford. Throughout its history, WFEC’s membership has grown to include 21-member cooperatives, plus Altus Air Force Base. These members are headquartered in Oklahoma and New Mexico. Today, with seven generating facilities, and a total power capacity exceeding 2,200 megawatts, including contract power purchases, WFEC owns and maintains over 3,700 miles of transmission line to over 330 substations and switch stations. Generating facilities are located at Mooreland, Anadarko and Hugo, Oklahoma and Lovington, New Mexico. For more information, visit www.wfec.com.