What are the responsibilities and job description for the PUCT, Regulatory Accountant (Financial Examiner II-V) position at Public Utility Commission of Texas?
The Public Utility Commission of Texas: Your Gateway to a Fulfilling Career!
NOTICE TO APPLICANTS
Applications must contain a complete job history, detailing:
Important: Resumes do not replace this required information. Applications stating, "See attached" or "See resume" will not be accepted. The employment history listed on your resume must match the details on the CAPPS State of Texas Application. Discrepancies will result in an incomplete application and will not be further considered for the position applying for.
Required Documents
Incomplete applications will not be considered .
Applicant Release Form Website Link
WORK IN TEXAS APPLICANTS
To apply for the position, it is best to go to the CAPPS State of Texas Talent Management System to submit your application by going to https://capps.taleo.net/careersection/ex/jobsearch.ftl and select our agency, Public Utility Commission of Texas, from the "Company/Agency" list.
If applying through Work In Texas (WIT) you will also need to complete the supplemental questions and forms to be considered for this posting. An automated email from the CAPPS State of Texas Talent Management System will be sent to your email on file in WIT with additional instructions.
The Public Utility Commission regulates the state’s electric, telecommunication, and water and sewer utilities, implementing respective legislation and offering customer assistance in resolving customer complaints.
Join a Team Dedicated to Public Service
Are you passionate about making a positive impact on the lives of Texans? We are committed to building a highly skilled workforce. Our team boasts a wide range of expertise, from legal and engineering professionals to dedicated administrative staff. What unites us is our dedication to serving the public and our commitment to protecting customers, fostering competition, and promoting high quality utility infrastructure
Make a Difference with Us
We recognize the importance of motivated and knowledgeable staff to accomplish our critical mission. If you're eager to contribute to ensuring compliance within the electric, telecommunications, and water and sewer utilities, we want to hear from you! A career at the PUC will not only expand your professional horizons but also make you part of a highly motivated, technically skilled, and supportive team environment.
Competitive Benefits Package
In addition to a positive and family-friendly work culture, the PUC offers a comprehensive benefits package to its employees.
For a detailed overview, please visit
https://www.puc.texas.gov/HumanResources/Home/Benefits .
Ready to Make a Difference? Apply Today!
DIVISION – Rate Regulation DEPARTMENT– Financial Review
About Rate Regulation
The Rate Regulation division is the branch of the PUCT that is most involved in the agency's traditional regulatory rate-setting function. The Rate Regulation division consists of two sections: Financial Review and Tariff and Rate Analysis.
The Financial Review section includes staff members with educational backgrounds primarily in accounting and finance; these staff members evaluate the legitimacy and reasonableness of a utility company's expense levels and develop estimates of an appropriate rate of return on the utility company's capital investment.
The Tariff and Rate Analysis section includes staff members with educational backgrounds primarily in economics and finance; these staff members develop the specific rates that a utility company charges its customers and address issues related to the proper allocation of a utility's costs to different customer groups, such as residential, commercial, and industrial customers.
The Rate Regulation Division also leads and participates in various rulemaking proceedings and works on other projects involving rate-related issues for electric, water, and telephone utility companies.
Looking to take the next step in your career? Ready for a meaningful career in public service? The Public Utility Commission of Texas (PUCT) has an opportunity for a motivated professional to help advance the agency’s mission and support critical work for the state of Texas.
The Rate Regulation Division is seeking a Financial Examiner, a position responsible for performing routine to highly complex accounting work, including the review of rate change and other applications filed with the Commission. Work involves analyzing utility reports, accounting records, contracts, and other pertinent information for regulated and unregulated utilities subject to Commission oversight for compliance with accounting standards, state laws, and Commission regulations, and reasonableness of costs. Work involves preparing written recommendations with attention to mathematical accuracy of financial calculations, clarity, precision, and grammatical accuracy.
SALARY RANGE
Salary Commensurate With Qualifications.
Financial Examiner II, B19
Financial Examiner III, B21
Financial Examiner IV, B23
Financial Examiner V, B25
Min
$70,008 ($5,834)
$74,004 ($6,167)
$80,004 ($7,001)
$90,252 ($7,521)
Max
$75,000 ($6,250)
$83,004 ($7,254)
$90,000 ($7,500)
$114,000 ($9,500)
Qualifications
The ideal candidate should possess the following minimum qualifications:
Financial Examiner II
An undergraduate degree or higher from an accredited four (4) year college or university in accounting, finance, or business administration.
Financial Examiner III
An undergraduate degree or higher from an accredited four (4) year college or university with major coursework in accounting, finance, or business administration, plus one (1) year of experience in utility accounting, regulatory accounting, finance, or public accounting.
Financial Examiner IV
An undergraduate degree or higher from an accredited four (4) year college or university with major coursework in accounting, finance, or business administration, plus two (2) years’ experience in utility accounting, regulatory accounting, finance, or public accounting.
Financial Examiner V
An undergraduate degree or higher from an accredited four (4) year college or university with major coursework in accounting, finance or business administration; plus (4) years’ experience in utility accounting, regulatory accounting, finance, or public accounting; and an active Certified Public Accountant (CPA) license or Chartered Financial Analyst (CFA) designation.
Preferred Qualifications:
The PUCT operates on a standard work schedule of Monday through Friday, 8:00 a.m. to 5:00 p.m. Employees may request an alternative work schedule in accordance with the PUCT's Alternative Work Schedule Policy. Approval of such requests, including any form of telecommuting, is at management's discretion and based on the business needs of the agency and the requirements of the position.
Newly hired employees are required to complete a waiting period before becoming eligible to telecommute. After thirty (30) days of employment and with supervisor approval, a new hire may telecommute up to one (1) day per week. After ninety (90) days of employment and with supervisor approval, a new hire may telecommute up to two (2) days per week. Supervisors may require new hires to report to the office more frequently if necessary to support training, performance, or business needs.
VETERAN’S PREFERENCE
Veterans, Reservists, or Guardsmen with a Military Occupation Specialty (MOS) or additional duties that fall in the fields listed in the below link who meet the minimum qualifications are encouraged to apply.
The MOS codes applicable to this position can be accessed at:
Military Crosswalk for Financial Review
If you qualify for a Veteran Employment Preference, it is mandatory that you provide the required documentation with your State of Texas Application. Documentation must be provided before a Veteran Preference can be granted. Required documentation is as follows: Veteran – DD Form 214; Surviving Spouse of a Veteran who has not remarried – Marriage Certificate and DD Form 1300; Orphan of a Veteran who was killed during active duty – Birth Certificate and DD Form 1300.
A detailed job description can be viewed on our website:
https://puc.texas.gov/HumanResources/Home/Jobs
Salary commensurate with qualifications. The salary of an ERS Retiree or non-contributing member may be 6% less than the recommended salary.
REMARKS
NOTICE TO APPLICANTS
Applications must contain a complete job history, detailing:
- Job title
- Dates of employment
- Name of employer
- Supervisor's name and phone number
Important: Resumes do not replace this required information. Applications stating, "See attached" or "See resume" will not be accepted. The employment history listed on your resume must match the details on the CAPPS State of Texas Application. Discrepancies will result in an incomplete application and will not be further considered for the position applying for.
Required Documents
- Letter of Interest
- Resume
- Transcripts
Incomplete applications will not be considered .
Applicant Release Form Website Link
WORK IN TEXAS APPLICANTS
To apply for the position, it is best to go to the CAPPS State of Texas Talent Management System to submit your application by going to https://capps.taleo.net/careersection/ex/jobsearch.ftl and select our agency, Public Utility Commission of Texas, from the "Company/Agency" list.
If applying through Work In Texas (WIT) you will also need to complete the supplemental questions and forms to be considered for this posting. An automated email from the CAPPS State of Texas Talent Management System will be sent to your email on file in WIT with additional instructions.
The Public Utility Commission regulates the state’s electric, telecommunication, and water and sewer utilities, implementing respective legislation and offering customer assistance in resolving customer complaints.
Join a Team Dedicated to Public Service
Are you passionate about making a positive impact on the lives of Texans? We are committed to building a highly skilled workforce. Our team boasts a wide range of expertise, from legal and engineering professionals to dedicated administrative staff. What unites us is our dedication to serving the public and our commitment to protecting customers, fostering competition, and promoting high quality utility infrastructure
Make a Difference with Us
We recognize the importance of motivated and knowledgeable staff to accomplish our critical mission. If you're eager to contribute to ensuring compliance within the electric, telecommunications, and water and sewer utilities, we want to hear from you! A career at the PUC will not only expand your professional horizons but also make you part of a highly motivated, technically skilled, and supportive team environment.
Competitive Benefits Package
In addition to a positive and family-friendly work culture, the PUC offers a comprehensive benefits package to its employees.
For a detailed overview, please visit
https://www.puc.texas.gov/HumanResources/Home/Benefits .
Ready to Make a Difference? Apply Today!
DIVISION – Rate Regulation DEPARTMENT– Financial Review
About Rate Regulation
The Rate Regulation division is the branch of the PUCT that is most involved in the agency's traditional regulatory rate-setting function. The Rate Regulation division consists of two sections: Financial Review and Tariff and Rate Analysis.
The Financial Review section includes staff members with educational backgrounds primarily in accounting and finance; these staff members evaluate the legitimacy and reasonableness of a utility company's expense levels and develop estimates of an appropriate rate of return on the utility company's capital investment.
The Tariff and Rate Analysis section includes staff members with educational backgrounds primarily in economics and finance; these staff members develop the specific rates that a utility company charges its customers and address issues related to the proper allocation of a utility's costs to different customer groups, such as residential, commercial, and industrial customers.
The Rate Regulation Division also leads and participates in various rulemaking proceedings and works on other projects involving rate-related issues for electric, water, and telephone utility companies.
Looking to take the next step in your career? Ready for a meaningful career in public service? The Public Utility Commission of Texas (PUCT) has an opportunity for a motivated professional to help advance the agency’s mission and support critical work for the state of Texas.
The Rate Regulation Division is seeking a Financial Examiner, a position responsible for performing routine to highly complex accounting work, including the review of rate change and other applications filed with the Commission. Work involves analyzing utility reports, accounting records, contracts, and other pertinent information for regulated and unregulated utilities subject to Commission oversight for compliance with accounting standards, state laws, and Commission regulations, and reasonableness of costs. Work involves preparing written recommendations with attention to mathematical accuracy of financial calculations, clarity, precision, and grammatical accuracy.
SALARY RANGE
Salary Commensurate With Qualifications.
Financial Examiner II, B19
Financial Examiner III, B21
Financial Examiner IV, B23
Financial Examiner V, B25
Min
$70,008 ($5,834)
$74,004 ($6,167)
$80,004 ($7,001)
$90,252 ($7,521)
Max
$75,000 ($6,250)
$83,004 ($7,254)
$90,000 ($7,500)
$114,000 ($9,500)
Qualifications
The ideal candidate should possess the following minimum qualifications:
Financial Examiner II
An undergraduate degree or higher from an accredited four (4) year college or university in accounting, finance, or business administration.
Financial Examiner III
An undergraduate degree or higher from an accredited four (4) year college or university with major coursework in accounting, finance, or business administration, plus one (1) year of experience in utility accounting, regulatory accounting, finance, or public accounting.
Financial Examiner IV
An undergraduate degree or higher from an accredited four (4) year college or university with major coursework in accounting, finance, or business administration, plus two (2) years’ experience in utility accounting, regulatory accounting, finance, or public accounting.
Financial Examiner V
An undergraduate degree or higher from an accredited four (4) year college or university with major coursework in accounting, finance or business administration; plus (4) years’ experience in utility accounting, regulatory accounting, finance, or public accounting; and an active Certified Public Accountant (CPA) license or Chartered Financial Analyst (CFA) designation.
Preferred Qualifications:
- Certified Public Accountant (CPA) license, Certified Management Accountant (CMA) certification, or Chartered Financial Analyst (CFA) designation.
- Experience in utility or regulatory accounting, including electric, telecommunications, or water and wastewater utilities.
- Experience with rate regulation, cost of service analysis, or financial modeling in a regulatory environment.
- Experience preparing or supporting expert testimony, regulatory filings, or contested case proceedings.
The PUCT operates on a standard work schedule of Monday through Friday, 8:00 a.m. to 5:00 p.m. Employees may request an alternative work schedule in accordance with the PUCT's Alternative Work Schedule Policy. Approval of such requests, including any form of telecommuting, is at management's discretion and based on the business needs of the agency and the requirements of the position.
Newly hired employees are required to complete a waiting period before becoming eligible to telecommute. After thirty (30) days of employment and with supervisor approval, a new hire may telecommute up to one (1) day per week. After ninety (90) days of employment and with supervisor approval, a new hire may telecommute up to two (2) days per week. Supervisors may require new hires to report to the office more frequently if necessary to support training, performance, or business needs.
VETERAN’S PREFERENCE
Veterans, Reservists, or Guardsmen with a Military Occupation Specialty (MOS) or additional duties that fall in the fields listed in the below link who meet the minimum qualifications are encouraged to apply.
The MOS codes applicable to this position can be accessed at:
Military Crosswalk for Financial Review
If you qualify for a Veteran Employment Preference, it is mandatory that you provide the required documentation with your State of Texas Application. Documentation must be provided before a Veteran Preference can be granted. Required documentation is as follows: Veteran – DD Form 214; Surviving Spouse of a Veteran who has not remarried – Marriage Certificate and DD Form 1300; Orphan of a Veteran who was killed during active duty – Birth Certificate and DD Form 1300.
A detailed job description can be viewed on our website:
https://puc.texas.gov/HumanResources/Home/Jobs
Salary commensurate with qualifications. The salary of an ERS Retiree or non-contributing member may be 6% less than the recommended salary.
REMARKS
- Due to the volume of applications received, only candidates selected for an interview will be contacted. Non-selection notifications will be sent to interviewed candidates following the hiring decision.
- All information provided in connection with an employment application must be accurate and complete. Any misstatement, falsification, or omission of information may result in refusal to hire or, if hired, termination.
- If the position requires it, licensure as a Professional Engineer or to practice law in Texas will be verified through the Professional Board of Engineers or the State Bar of Texas for the selected candidate.
- A satisfactory driving record is necessary for driving a state or personal vehicle for agency business. Selected candidates will have their driving records evaluated according to the Commission’s Traffic Safety policy.
- For males born on or after January 1, 1960, the PUC will verify Selective Service registration through the online Selective Service System. Males born after January 1, 1960, who are not registered must provide proof of exemption from the Selective Service registration requirement.
- The Public Utility Commission of Texas (PUCT) participates in the EVerify system to confirm employment eligibility for all newly hired employees. All candidates must be legally authorized to work in the United States at the time of hire.
- Employment offers are contingent upon successful completion of the EVerify employment eligibility process.
- The PUCT does not have the ability to sponsor employees for work authorization and does not have a formal training program to participate in the STEM OPT extension program sponsored through U.S. Universities.
- Your application for a position with access to sensitive systems, confidential records, or information related to critical infrastructure facilities may subject you to a criminal background check pursuant to Texas Government Code
- 411.14031 and Texas Utilities Code
- 12.107 after a conditional offer of employment is made. Your consent for this criminal background check will be requested following a conditional offer of employment.
- The Public Utility Regulatory Act imposes certain restrictions on PUCT employees’ investments, professional activities, and relationships with public utilities, with some limited exceptions. PUCT employees are also prohibited from having a financial interest in a public utility, an affiliate of a public utility, and a person a significant portion of whose business consists of furnishing goods or services to public utilities or affiliates.
- The PUCT has a Post-Employment Restriction – details furnished upon request.
- The PUCT is an Equal Employment Opportunity Employer.
- Newly hired employees must successfully complete their six-month probationary period and have a satisfactory performance review on file before becoming eligible to apply for other positions within the PUCT.
- Employees who transfer to a new position or division must remain in their new role for at least six months and have a satisfactory performance review before applying for another position within the PUCT.
- Employees are not eligible to apply for positions within their classification series in their current division. This restriction does not apply for supervisory positions within the same classification series. Advancement within a classification series in the same division occurs through the promotional process based on demonstrated performance at the high level.
Salary : $70,008 - $114,000