Chief of Finance & Economics

at State of Vermont in Montpelier, Vermont, United States

Job Description

The Vermont Department of Public Service (PSD) is seeking a Chief of Finance & Economics to lead critical financial and economic analyses in support of the Department’s mission to represent the public interest in utility matters.

This position reports to the Director for Public Advocacy and directly supervises two financial assistants. The Chief of Finance & Economics evaluates the financial strengths and weaknesses of regulated utilities and provides expert analysis and testimony before the Vermont Public Utility Commission. The work involves complex financial and economic assessments related to cost of service, rate base, cost of equity, rate of return, and rate design, ultimately determining whether proposed utility rates are just and reasonable under traditional and alternative ratemaking standards.

Ideal candidates will bring:

• Deep knowledge of financial accounting principles, cost accounting, depreciation, and cost study methodologies.
• Strong understanding of micro and macroeconomic principles and their application in utility regulation.
• The ability to master intricate policy and procedural issues related to rate setting, market restructuring, and state and federal regulatory frameworks.
• Experience conducting audits, managing consultants, and providing clear, data-driven recommendations.
• Excellent communication skills, with the ability to present complex technical information clearly and persuasively.
• Strong collaboration skills, with the ability to work effectively with utility representatives, government officials, and the public.

This is a highly visible leadership role that directly impacts Vermont’s energy and utility landscape.

Duties are performed largely in a standard office setting, unless duly authorized for telecommuting, although trips to field sites may be necessary. Private means of transportation must be available for required travel. Involvement at hearings will occur regularly, involving testimony as an expert witness. Strong adversarial opinions will be encountered, requiring constant search for reasonable and defensible recommendations that recognize the legitimate interests of all affected parties. Duties may not always conform to regular office hours.