Senior Financial Advisor – IRAC
Nov 10, 2017
Senior Financial Advisor
The Prince Edward Island Regulatory and Appeals Commission is seeking a Senior Financial Advisor to fill a senior role in regulatory, financial and accounting analysis to provide high level advice and expertise to the commissioners and the Chair/CEO in dealing with the regulation of electrical utilities, petroleum industry, automobile insurance rates, and water and sewer rates. The Senior Advisor will be required to provide critical advice and detailed analysis of financial statements, financial assessments, trends and data to compile comprehensive reports, conduct consultations and provide recommendations to the commissioners. In addition, the Senior Advisor will be responsible for providing analysis and advice on complex financial and economic information related to the industries regulated by the Commission.
This position provides an excellent opportunity for professional growth and offers opportunity for continuing education in utility regulation and finance and accounting. The successful candidate will participate in extensive continuing education programs and inter-provincial meetings which require travel out of province.
- Analyze complex financial, economic and technical information;
- Review regulatory applications to ensure compliance;
- Provide advice on regulatory applications and attend Commission hearings;
- Conduct financial analysis and assessment of financial statements and accounting policies;
- Review applications for rate increases and assess impact on consumers;
- Monitor and analyzes public utility actual costs to budget;
- Project management related to preparation for utility hearings;
- Identify expert witnesses, prepare engagements, manage activities, progress, and invoicing;
- Assist with the review of petroleum applications;
- Research and compile information for statistical reports and analysis;
- Participate in regular agenda meetings on petroleum, insurance, and utility matters;
- Assist with analysis for annual residential rent increase/decrease;
- Develop and maintain a professional working relationship with Commission staff, various government departments and agencies, public utilities and other provincial utility boards;
- Responsible for matters related to the research, monitoring, recommendation and implementation of electrical pricing and policies within the Commission;
- Conduct technical analysis and research into any regulatory matters related to electrical regulation that may be before the Commission, include data gathering and assessment, trend analysis and financial assessment;
- Receive, research and provide appropriate responses to public inquires and complaints regarding utilities;
- Assist the Director and Analyst and provide analysis of automobile insurance rate applications and dealings with actuaries where required;
- Assist the Director and Analyst where required on any water and sewer rate applications;
- Assist with the accounting and preparation of the Commission financial statements; and
- Attend inter-provincial meetings when required.
- University degree and an accounting designation CPA;
- Minimum of 5 years accounting and financial analysis experience;
- Demonstrated knowledge of financial analysis, forecasting, budgeting and financial statements;
- Strong critical thinking, research and analytical skills;
- Superior written and oral communication skills; and
- Experience dealing with regulated industries would be an asset.
Skills and Knowledge:
- Extensive knowledge of financial accounting;
- Knowledge of regulated industries would be an asset;
- Knowledge and experience in utilities operations, planning, economics and finance would be an asset;
- Knowledge of the petroleum industry would be an asset;
- High level research and analytical skills;
- Understand forecasting, budgeting, capital expenditures and rate setting;
- Ability to take complex situations and be able to brief Commissioners;
- Effective interactive communication and excellent writing skills;
- Ability to deal with complaints and enquires; and
- Ability to provide collaborative consultations on key business and technical issues.
The Island Regulatory and Appeals Commission offers a competitive salary and benefits package with a salary range of $40.25 to $50.31 per hour (Level 23 Excluded Position). Qualified candidates are invited to submit a detailed resumé and cover letter in confidence no later than 5:00 o’clock in the afternoon on Monday, November 27, 2017.
1 Harbourside Brecken Building
Charlottetown, PE C1A 8R4
T (902) 626-2500
F (902) 626-2532
For more information about IRAC, please visit www.irac.pe.ca.
Only candidates selected for an interview will be contacted.