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PPL Corporation
Mgr-Rates & Rev Requirements
Career Insights for Corporate Development Manager
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Based on Pennsylvania data
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What they do
A Corporate Development Manager helps develop, manage and analyze corporate development through mergers and acquisitions or strategic alliances. Leads research, cost/benefit analyses of mergers, and communicates results to stakeholders. Includes developing and maintaining professional relationships, marketing the proposed changes and assisting in transitions.
$141,698 / year median in Pennsylvania
+4% projected growth
Job Description
Company Summary Statement As one of the largest investor-owned utility companies in the United States, PPL Corporation (
NYSE:
PPL), is committed to creating long-term, sustainable value for our 3.5 million customers, our shareowners and the communities we serve. Our high-performing regulated utilities — PPL Electric Utilities, Louisville Gas and Electric, Kentucky Utilities and Rhode Island Energy — provide an outstanding experience for our customers, consistently ranking among the best utilities in the nation. PPL's companies are also addressing challenges head-on by investing in new infrastructure and technology that is creating a smarter, more reliable and resilient energy grid. We are committed to doing our part to advance a cleaner energy future and drive innovation that enables us to achieve net-zero carbon emissions by 2050 while maintaining energy reliability and affordability for the customers and communities we serve. PPL is a positive force in the cities and towns where we do business, providing support for programs and organizations that empower the success of future generations by helping to build and maintain strong, diverse communities today. Overview The purpose of the position is to lead the Rates and Revenue Requirements team as it relates to the development of programs, strategies, and analyses that ensure rate compliance, and rate case success for PPL Electric's regulated electric business. This position is also responsible for the development and execution of rate-related revenue analysis and reporting, including auditing controls and requirements, rate compliance, rate cases, and ad-hoc analysis to optimize business planning. The Manager-Rates & Revenue Requirements provides formal supervision to the team members including coaching, counseling, personal development and technical support. In addition to the administrative duties of managing a work group, the Manager also completes individual technical, strategic, and business-related tasks. Responsibilities- Oversee the planning and management of assigned projects from development to execution, including, but not limited to electric rate cases, transmission formula rate filings, cost recovery mechanisms, and other rate-related commission and customer inquiries.
- Responsible for all aspects of rate-related analysis, monitoring, reporting and forecasting, including compliance with state and federal regulations pertaining to financial statement preparation, analysis and reporting of a regulated utility monopoly. Must be familiar with GAAP and FERC accounting and reporting and business planning processes.
- Ensure quality assurance and quality control for regulatory and financial analyses, calculations, and forecasts.
- Provide expert testimony in rate proceedings before state public utility commissions, FERC, and other relevant agencies.
- Maintain strong and constructive relationships with regulatory commission staff and internal and external auditors in the execution of regulatory compliance.
- Identify, facilitate, and support on-going focus on business objectives by monitoring legislative and regulatory initiatives that impact the electric utility industry and continuously looking for transferrable improvements and efficiencies.
- Inform and make recommendations to leadership about initiatives, status, and challenges/opportunities.
- Provides supervision to team members including, but not limited to
- assists in the development of career development plans and goals for all team members
- provides feedback to team members on a regular basis
- provides coaching and when necessary, creates a development plan for team members not meeting expectations
- conducts performance evaluations in accordance with company policies
- take disciplinary/corrective action when necessary involving Human Resources and/or supervisor.
- Performs other duties as assigned
- Complies with all policies and standards Qualifications 1.
- solving skills.
Preferred Qualifications:
- Master's Degree in business discipline
- Experience leading regulatory functions, including internal resources and external expert witnesses.
- Regulatory accounting and audit experience
- Business Planning experience.
Qualifications:
1. Bachelor's Degree BA or BS degree in Finance, Accounting, economics, or other business discipline. 2. 7+ years of ratemaking, financial, accounting, or business planning experience with at least 7 years experience with at least 4 years at a regulated energy company . 3. Demonstrated proficiency in financial modeling and understanding of financial statements, analysis, research, and problem- solving skills.
Preferred Qualifications:
- Master's Degree in business discipline
- Experience leading regulatory functions, including internal resources and external expert witnesses.
- Regulatory accounting and audit experience
- Business Planning experience.