STATE OF NEW HAMPSHIRE
CLASSIFICATION: ASSISTANT FINANCE DIRECTOR, PUBLIC UTILITIES COMMISSION
Class Code: 0458-29 Date Established: 01-15-52
Occupational Code: 7-2-6 Date of Last Revision: 12-28-01
BASIC PURPOSE: To assist in the direction of all aspects of a department responsible for the audit, analysis and review of public utility financial operations, including financing, rate cases and various utility studies filings related to public utility regulation.
CHARACTERISTIC DUTIES AND RESPONSIBILITIES:
· Plans, directs and organizes financial reviews of public utilities requesting changes in rate structures.
· Acts as team leader to coordinate with other sections of the Commission in developing in-depth analysis of utility financial and operational procedures.
· Prepares reports on data necessary to analyze accounts, and develops information depicting trends in public utility business.
· Analyzes financial audits prepared by subordinates and accounting reports submitted by public utility companies, and compiles recommendations for the Commission.
· Provides testimony and cross-examines witnesses at Commission hearings.
· Prepares accounting, financial and statistical schedules for the Commission and conducts presentations in finance or rate cases.
· Consults with and advises company officials regarding accounting procedures as they apply to information and reports requested by the Commission.
· Assists in determining cost of capital, by conducting an analysis and study of utility security issues, bonds, stock markets and interest rates.
Skill: Requires skill in evaluating, planning or integrating analysis of data to formulate current and long-range solutions, strategies or policies of a specialized or technical nature.
Knowledge: Requires logical or scientific understanding to analyze problems of a specialized or professional nature in a particular field.
Impact: Requires responsibility for achieving major aspects of long-range agency objectives by planning short- and long-term organization goals, reviewing recommendations for procedural changes, and developing or revising program policies. Errors at this level result in incorrect decisions at an administrative level, and are detected subsequent to implementation in an overall evaluation process.
Supervision: Requires delegating supervisory or program responsibilities to subordinate managers, with overall accountability for hiring employees and approving program policies. The supervisor in this position assumes responsibility for an organizational unit, including developing long-range plans, analyzing staffing requirements, and formulating system wide policies and procedures.
Working Conditions: Requires performing regular job functions in a controlled environment with minimal exposure to disagreeable job elements and little risk of hazard to physical or mental health.
Physical Demands: Requires light work, including continuous walking or operating simple equipment for extended periods of time as well as occasional strenuous activities such as reaching or bending.
Communication: Requires acting as the official representative of the agency, including explaining and defending current and long-range goals or objectives which directly affect public policy decisions regarding major state programs and services.
Complexity: Requires evaluating a combination of wide-ranging job functions to determine work procedures, to solve problems, and to reach conclusions by applying analytical, technical, or scientific thinking. This level also requires planning policies and long-term strategies, drawing conclusions based on available criteria, and evaluating the effectiveness of program objectives.
Independent Action: Requires independent judgment in planning and evaluating work procedures and in supervising the development of professional, technical and managerial standards under administrative direction and according to broad departmental guidelines.
Education: Bachelor's degree from a recognized college or university with a major study in accounting, business or public administration, finance or mathematics. Each additional year of approved formal education may be substituted for one year of required work experience.
Experience: Seven years' professional experience in accounting and auditing work, preferably with utility rates and finances.
License/Certification: None required.
RECOMMENDED WORK TRAITS: Knowledge of modern principles, methods and techniques of administrative management. Knowledge of accounting and auditing principles and methods. Ability to analyze and interpret mathematical and verbal data. Ability to devise audit procedures and techniques. Ability to instruct utilities personnel in compliance with accounting classifications. Ability to properly execute annual return forms. Ability to supervise or conduct a complete audit of utility records. Ability to effectively testify and cross-examine at quasi-judicial hearings. Ability to interpret and apply policies and regulations in delegating responsibility and systemizing procedures. Ability to express ideas clearly and concisely. Ability to establish and maintain effective working relationships with associates and representatives of public utility companies. Skill in dealing with difficult auditing problems. Skill in analyzing complicated financial documents. Skill in communications. Must be willing to maintain appearance appropriate to assigned duties and responsibilities as determined by the agency appointing authority.
DISCLAIMER STATEMENT: This class specification is descriptive of general duties and is not intended to list every specific function of this class title.
Last Updated 05/10/02