Sacramento Municipal Utility District Principal Rate Analyst in Sacramento, California
Principal Rate Analyst
No. of Openings:
Develops and recommends competitive pricing and costing strategies utilizing various analytical models and research data; designs, evaluates and negotiates competitive rate structures with customers to support maximization of SMUD revenues and recovery of annual revenue requirements and investments in compliance with Board policies, goals and objectives.
Nature and Scope
Serves as a technical or functional expert or consultant providing expertise and/or direction in one or more areas of a professional discipline and assumes responsibility for resolving complex problems and overseeing complex projects. May also serve in a Lead role and assist in planning, coordinating, prioritizing, monitoring and evaluating the work results in assigned area and in selecting, training, motivating, evaluating and developing lower-level personnel.
50051882 PRIN RATE ANALYST
MA/MS degree from an accredited college or university majoring in engineering, business, economics, mathematics/statistics or related field or strong equivalent experience.
Base Salary Annual Low:
Base Salary Annual High:
Initial Review, Qualifications Interview, Follow-Up Interview, Reference Check, Background Check
Pay Scale Group:
Education: A Bachelor’s degree from an accredited college or university with major course work in engineering, marketing, business administration, social science, finance, economics, statistics, or a related field.
Experience: 7 to 10 years of progressively responsible relevant work experience in designing and evaluating strategic and competitive rate options; performing embedded (average) cost of service studies and the application of embedded and marginal costs to rate design; financial and statistical analysis; computer modeling, and maintaining complex spreadsheets; and oral presentation to management and the public.
Knowledge Of: Advanced retail rate design theory and related utility standards; electric utility operations; advanced cost of service methodologies, procedures, alternatives and effects; advanced methods and techniques of load/market research, including sample design, data validation and correction and demographic and saturation surveying; advanced techniques and practices for cost benefit analyses; advanced industry-accepted electric utility costing theory including average and marginal costing; understanding of innovative rate design practices including real time pricing, options pricing, standby service options and interruptible service options; SMUD policies, procedures, and other special agreements including rate-making policy; pertinent federal, state and local laws, codes and regulations governing class load surveys, end-use monitoring and related rate design and analyses; principles and practices of various analytical approaches; methods and techniques of report preparation and writing; techniques and strategies for public speaking; techniques related to customer relations; office procedures, methods, and equipment including computers and applicable software applications such as word processing, spreadsheets, and databases; English usage, spelling, grammar, and punctuation.
Skill To: Perform advanced rate analysis functions to design rate alternatives and recommendations that satisfy SMUD’s revenue requirements and objectives; provide technical expertise and leadership in evaluating and improving analytical methodologies; independently compile and analyze complex financial, operating and statistical data; interpret, analyze and apply pertinent policies, procedures, regulations and requirements; gather data from appropriate sources and identify relevant factors; develop and maintain spreadsheets and sophisticated computer models in various computer environments; compile and prepare technical, statistical and/or analytical reports and presentations; explain complex and/or controversial policies, regulations, procedures and/or activities internally/externally; communicate effectively orally and in writing internally/externally; establish and maintain effective working relationships internally/externally.
Regular - Full Time
Applicants must be able to perform the essential job functions with or without a reasonable accommodation.
The health and wellbeing of our employees and our community is our top priority. SMUD follows CDC guidance and adheres to all local, county and state orders. To this end, if you are scheduled to come on a SMUD campus, you will need to monitor your health (ensuring your temperature is below 100.4° and you’re free of COVID-19 symptoms), wear a face covering, and adhere to social distancing guidelines.
Major Duties & Responsibilities:
Designs rate alternatives and recommendations that satisfy SMUD’s revenue requirements and objectives; creates innovative rate products to retain existing and attract new load customers; applies average and marginal cost principles to assure competitive pricing; forecasts revenue impacts accurately to protect SMUD’s interests; estimates customer response to incentivized rate offerings based on research and qualitative analysis.
Incorporates new approaches to rate setting and knowledge of current and changed market conditions with balanced analytical principles and system modeling to ensure SMUD revenue protections and competitiveness.
Conducts cost of service studies using alternative methodologies for different customer classes; integrates study findings in apportioning SMUD’s annual revenue requirement among the various customer classes; makes recommendations on rate structures to meet SMUD revenue requirements and established policies.
Provides technical expertise and leadership in evaluating and improving analytical methodologies and tools for the department; makes recommendations for improvements in methodologies, techniques and applications.
Formulates and conducts evaluations of competitive rate structures by ensuring fair and equitable apportionment of revenue requirement recovery from individual customer classes; supports the Board’s and executive management’s policies, goals and objectives; provides price signals that accurately reflect the cost of providing service to different customer classes; ensures compliance with all regulatory requirements.
Designs, evaluates and implements firm service rates, non-firm rate options, partial-requirement “unbundled” service rates, and innovative and experimental rates for proposed programs; forecasts retail revenues based on current rates and ensures that proposed rates recover SMUD revenue requirements.
Performs independent rate analyses on various rate options for customers; negotiates competitive alternative rates with company officials to retain customers who may choose to bypass full-requirements electric service; recommends and coordinates Board approval and implementation of flexible, customized rates options through SMUD’s present and/or personal computer billing system.
Represents SMUD before regulators, Board committees, management, the public and consultants on issues regarding load research, market research, cost of service, rate design, technical assumptions and related subjects; provides information, analysis, justification and technical expertise.
Organizes and conducts workshops and promotes cooperative professional relationships with the public, other rate payers and industry professionals; provides details and justifications for rate proposals; solicits responses to rate designs and proposals; deals diplomatically with rate issues under conditions of hostility and stress.
Interprets and evaluates the rate structures of other utilities in order to maintain a competitive position in all rate classes and minimize the threat of customer by-pass.
Assists in administering the department budget by participating in planning, monitoring and revising schedules, work plans, expenditures and assignments.
Composes technical proposals and reports, such as the general manager’s report, recommendations to the Board, responses to difficult or controversial issues raised by SMUD management, the public and the Board and makes presentations to justify recommendations.
Performs related duties as required.
Additional Posting Info for Candidate:
SMUD is committed to ensuring we're a workplace where diversity, equity and inclusion (DE&I), are part of who we are and how we do things. Supporting efforts that promote pay equality is part of that. Salary placement for the selected candidate will be determined in alignment with the California Equal Pay Act.
Sacramento Municipal Utility District (SMUD) - Who We Are
As the nation's sixth-largest community-owned electric service provider, we're proud of our reputation as one of the best places to work in Sacramento. Our employees tell us in our engagement surveys they're "Happy, satisfied and engaged" which helps create a workplace that best serves our customers.
Sacramento was named as the 2nd happiest place to work in America by Forbes Magazine. Lake Tahoe, San Francisco and the world-renowned Napa Valley are within easy driving distance of our locations.
Our Commitment to Diversity & Inclusion
SMUD respects, values and celebrates the unique attributes, characteristics and perspectives that make each person who they are. Diversity and inclusion are guiding principles to deliver a culture that reflects the broader values of the community and our customers. Our Board's policy for Employee Relation sets our commitment to developing and maintaining a high quality, inclusive workplace that engages and inspires employees to commit to SMUD's purpose, vision and values.
Why Sacramento, California?
The capitol of California, Sacramento is the state's sixth-largest city, and the 35th largest in the U.S. Local universities include California State University, University of the Pacific's McGeorge School of Law, and the University of California, Davis and several competitive community colleges. The UC Davis Medical Center, a world-renowned research hospital, is one of more than a dozen hospitals and shared services centers in the Sacramento region. Part of the agriculturally-rich Central Valley, Sacramento is at the forefront of the farm-to-fork food movement. Northern California is home to some of the country's top technology companies, including Google and LinkedIn, and a multitude of startups in many industries. Sacramento is home to the NBA Kings, the River Cats (AAA baseball), the Republic FC (soccer) and the San Francisco Giants, NBA Warriors and NFL 49er's aren't far away. Sacramento offers an affluent liberal arts community with Broadway, Mondavi Center, Crocker Museum and summer musical theater to name a few.
SMUD’s Pricing Department is currently looking to fill the role of Principal Rate Analyst that will report to the Rates Supervisor in the Revenue Strategy Department. The successful candidate will have demonstrated competence performing complex, independent costing analysis for utility rates, tariffs and programs. The position will expect comprehensive understanding of marginal cost practices, embedded costing principles and an aptitude for mathematical computation, statistical analysis and economic analysis. This position will serve as a subject matter expert and key contributor in SMUD’s pricing team in developing the rate structures to ensure SMUD meets objectives, revenue requirements and complies with Board policies.
2022 Annual Salary Range: $112,762 - $149,328
This posting will remain open until we have received enough qualified applicants to run a competitive process. This posting may close anytime after December 3rd, 2021 so please apply early.