Pricing Analyst I-Sr at PNM Resources – Albuquerque, New Mexico

POSTING DEADLINE

This position is posted until filled.

DEPARTMENT

Department: Strategic Mkt- Product Management

JOB DESCRIPTION

Sr Pricing Analyst

Salary Grade: G06
Minimum Midpoint Maximum
$82,463 - $111,325 - $140,187

SUMMARY:

Under minimal supervision, applies a thorough knowledge and understanding of ratemaking economics, business, and regulatory practices to support market strategies, segment business plans, and company regulatory strategies. Develops pricing strategies and philosophies as well as complex pricing and costing models necessary to implement strategies. Provides complex, specialized, technical, and analytical support to the case management and technical rate services functions.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Establishes regulatory filing objectives and coordinates the efforts of a task group to successfully meet the established objectives, including market segment plans

Develops and prepares economic and cost of service schedules and tariffs to meet company revenue needs and comply with regulatory requirements

Researches and analyzes company records, financial data and operating statistics used for and regulatory reports, rate increase filings and tariff structures

Compiles and maintains rate, revenue load and customer data to assess the effectiveness of current tariff schedules and rules: develop proposals to change organization¿s existing rates and rules

Researches and evaluates options, industry standards and trends
Submits expert testimony, when required, regarding rate design, pricing, unbundling and other analysis to support market and regulatory strategies
Works with the New Mexico Public Service Commission and Federal Energy Regulatory Commission Staffs, attorneys, and personnel in all areas of the Company to accomplish regulatory objectives

Prepares, reviews, and coordinates testimony, exhibits, and related studies included in the case filing, including interrogatory responses to ensure accuracy, consistency, and clarity

Assists in the development of expert testimony, when required, regarding rate design, pricing, unbundling and other analyses to support market and regulatory strategies

Develops, implements, maintains, and utilizes department regulatory compliance system

Communicates regulatory compliance filing requirements to appropriate areas of the Company and gains cooperation from those areas to meet the requirements

Coordinates the production of complex financial and technical data and interprets the results for management

Uses knowledge of finance, accounting, economics, business, and regulatory principles to evaluate issues and develop policy proposals and strategies

Prepares and reviews marginal and embedded cost analyses, pricing of bundled and unbundled services, demand-side management cost-effectiveness studies and regulatory strategy and case development

Identifies problems and issues, analyzes them, and develops solutions or Company actions to address them

COMPETENCIES:

Strong knowledge of integrated resources planning, demand side management strategies, incentive rate design, and cost-effectiveness testimony.

Strong knowledge of the marketing discipline

Strong understanding of regulatory procedures, pricing theory, regulated ratemaking techniques, and negotiating skills

In-depth knowledge of electric utility and gas industry process, organization, financial structure and economic requirements

Strong working knowledge of accounting, economics and business finance

In-depth knowledge of the filing requirements and appropriate procedures for both the New Mexico and Federal jurisdictions

Strong Leadership skills and the ability to accomplish goals through the actions of a team

Ability to identify potential regulatory issues or problems and form sound recommendations

Ability to coordinate the efforts of a task force

Strong knowledge of tariffs and rules and regulations

QUALIFICATIONS

MINIMUM EDUCATION AND/OR EXPERIENCE:

Bachelor's degree from four-year college or university in accounting, finance, economics, statistics, or related fields with six to seven years related experience, or equivalent combination of education and/or experience related to the discipline.

Master¿s degree in business is preferred.
COMMUNICATION SKILLS:

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations

Ability to write reports, complex correspondence, and procedure manuals.

Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public

Ability to respond effectively to highly sensitive inquiries or complaints

Ability to effectively give persuasive speeches and presentations on controversial or complex topics to various audiences

Ability to speak clearly and persuasively in positive or negative situations
MATHEMATICAL SKILLS:

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry

Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

COMPUTER SKILLS:

Ability to develop and/or maintain pricing/rate design computer models

In-depth knowledge and experience using personal computers and selected software ( electronic spreadsheets, word processing)

Solid working knowledge of database management and analysis systems

ANALYSIS AND PROBLEM-SOLVING 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.

PHYSICAL DEMANDS:

While performing the duties of this job, the employee is regularly required to walk and/or stand up to 1/3 of the time and sit up to 2/3 of the time. Manual dexterity required, good vision, and the ability to talk and listen. The employee must occasionally lift and/or move up to 10 pounds.

WORK ENVIRONMENT:

Office environment.

JOB DESCRIPTION

Pricing Analyst I

Salary Grade: G07
Minimum Midpoint Maximum
$73,060 - $96,804 - $120,548

SUMMARY:

Under direct supervision, applies a thorough knowledge and understanding of ratemaking economics, business, and regulatory practices to support market strategies, segment business plans, and company regulatory strategies.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Works with the New Mexico and Federal Energy Regulatory Commission Staffs, attorneys, and personnel in all Company areas

Assists with regulatory filing objectives based upon corporate goals and objectives including market segment plans

Supports the efforts of the Pricing Department to successfully meet the established objectives

Assists with the preparation and coordination of testimony, exhibits, and related studies included in the case filing

Assists with the preparation of marginal and embedded cost analyses, pricing of bundled and unbundled services, demand-side management cost-effectiveness studies, and regulatory strategy and case development

COMPETENCIES:

Basic knowledge of integrated resources planning, demand side management strategies, incentive rate design, and cost-effectiveness testimony

Basic knowledge of the marketing discipline

Understanding of regulatory procedures, pricing theory, regulated ratemaking techniques and teamwork skills as well as strong social, interpersonal, communicating and negotiating skills

Basic knowledge of electric utility industry process, organization, financial structure and economic requirements

Working knowledge of accounting, economics, and business finance

Knowledge of the filing requirements and appropriate procedures for both the New Mexico and Federal jurisdictions

Ability to accomplish goals through the actions of a team

QUALIFICATIONS

MINIMUM EDUCATION AND/OR EXPERIENCE:

Bachelor's degree from four-year college or university in accounting, economics, or finance with one to three years related experience, or equivalent combination of education and/or experience related to the discipline.

COMMUNICATION 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 managers, clients, customers, and the general public

MATHEMATICAL SKILLS:
Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry

Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations

COMPUTER SKILLS:

Ability to develop and/or maintain pricing/rate design computer models in database software

Knowledge of personal computers and word processing software

ANALYSIS AND PROBLEM-SOLVING 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.

PHYSICAL DEMANDS:

While performing the duties of this job, the employee is regularly required to sit up to 2/3 of the time. The employee must occasionally lift and/or move up to 10 pounds.

WORK ENVIRONMENT:

Office environment.

SAFETY AND ADA STATEMENT

Safety Statement:
Safety is a core value at (TXNM Energy/PNM/TNMP) and our vision, "everyone goes home safe", reflects our commitment to promoting an environment conducive to learning, improving and building safety practices. Our safety value is built upon the belief that every employee deserves to work in an environment free from harm.

Americans with Disabilities Act (ADA) Statement:
If you require assistance with the job application process due to a disability, please contact HR ADA Analyst, at 505-241-4627.