What are the responsibilities and job description for the Regulatory Reporting Analyst position at CenterPoint Energy?
CenterPoint Energy and its predecessor companies have been in business for more than 150 years.
Our Vision: Our vision is to become the most admired utility in the United States through the execution of our long-term growth strategy. We have an unwavering commitment to safely and reliably deliver electricity and natural gas to millions of people.
Our Commitment: CenterPoint Energy is committed to creating an inclusive work environment where business results are achieved through the skills, abilities and talents of our diverse workforce.
At CenterPoint Energy, individuals are respected for their contributions toward our company objectives. We strive for an inclusive work environment across all levels that is reflective of the available workforce in the communities we serve.
Job Summary
CenterPoint Energy is on a clear path toward becoming an industry-leading, premium utility company. CenterPoint Energy’s utility operations are rate-regulated by various state regulatory agencies. These agencies regulate several aspects of utility operations, such as ensuring that services provided are safe and reliable and that rates charged are cost-based. The Company must make a formal request of the regulator to increase rates being charged. This request will be reviewed, audited, and culminate in a legal proceeding where oral arguments are made and ruled upon to establish future rates.
As a Analyst on the Regulatory Reporting team, you’ll work as part of a team responsible for the development and preparation of accounting schedules and workpapers for rate filings with regulatory agencies that form the basis for our cost-based rates charged to utility customers. Additionally, you’ll be responsible for communicating and reporting to regulatory agencies annual accounting, informational, and statistical reports and other reports, as needed. In order to be successful and ensure regulatory requirements are met timely and accurately, you must partner with several departments within the organization such as finance, accounting, legal, treasury, operations, engineering, and other regulatory functions, among others.
The Regulatory Reporting team is also embarking on an exciting new phase as part of a software implementation to which you’ll play a key role. The team has begun the rollout of the Utilities International Planner (“UI Planner”) software solution, and it is currently in use for several major filings. This software allows for reduced lead-times in preparation, thereby allowing for a greater emphasis on analysis and more efficient execution of our regulatory strategy. As we continue to expand and further leverage this new tool, you will be in prime position to be ‘in on the ground floor,’ setting the stage and laying the foundation for years of future success.
Lastly, as part of a fast-paced, high-energy work environment, you’ll also be a leader for ensuring efficient work processes are in place while striving for other best practices such as cross-training, knowledge transfer, and continuous improvement. CenterPoint Energy is entering a reinvigorating new era of building a continuous improvement culture that you will play an integral role in establishing. The long-term goal is for continuous improvement to be engrained in the CenterPoint Energy culture and become “The Way We Work."
Essential Functions
Being a part of the CenterPoint Energy team is more than a career alone. It's an opportunity to make a positive impact. You will be an integral part of enabling everyday life and the pursuit of possibilities for the customers we serve and the communities we share. The vital services we provide are at the core of making our world work, and by sharing your energy with us, we'll create a better tomorrow together.
What We Bring To You
Posting Start Date: 04/03/2025
Posting End Date: 04/24/2025
This contractor and subcontractor shall abide by the requirements of 41 CFR
Our Vision: Our vision is to become the most admired utility in the United States through the execution of our long-term growth strategy. We have an unwavering commitment to safely and reliably deliver electricity and natural gas to millions of people.
Our Commitment: CenterPoint Energy is committed to creating an inclusive work environment where business results are achieved through the skills, abilities and talents of our diverse workforce.
At CenterPoint Energy, individuals are respected for their contributions toward our company objectives. We strive for an inclusive work environment across all levels that is reflective of the available workforce in the communities we serve.
Job Summary
CenterPoint Energy is on a clear path toward becoming an industry-leading, premium utility company. CenterPoint Energy’s utility operations are rate-regulated by various state regulatory agencies. These agencies regulate several aspects of utility operations, such as ensuring that services provided are safe and reliable and that rates charged are cost-based. The Company must make a formal request of the regulator to increase rates being charged. This request will be reviewed, audited, and culminate in a legal proceeding where oral arguments are made and ruled upon to establish future rates.
As a Analyst on the Regulatory Reporting team, you’ll work as part of a team responsible for the development and preparation of accounting schedules and workpapers for rate filings with regulatory agencies that form the basis for our cost-based rates charged to utility customers. Additionally, you’ll be responsible for communicating and reporting to regulatory agencies annual accounting, informational, and statistical reports and other reports, as needed. In order to be successful and ensure regulatory requirements are met timely and accurately, you must partner with several departments within the organization such as finance, accounting, legal, treasury, operations, engineering, and other regulatory functions, among others.
The Regulatory Reporting team is also embarking on an exciting new phase as part of a software implementation to which you’ll play a key role. The team has begun the rollout of the Utilities International Planner (“UI Planner”) software solution, and it is currently in use for several major filings. This software allows for reduced lead-times in preparation, thereby allowing for a greater emphasis on analysis and more efficient execution of our regulatory strategy. As we continue to expand and further leverage this new tool, you will be in prime position to be ‘in on the ground floor,’ setting the stage and laying the foundation for years of future success.
Lastly, as part of a fast-paced, high-energy work environment, you’ll also be a leader for ensuring efficient work processes are in place while striving for other best practices such as cross-training, knowledge transfer, and continuous improvement. CenterPoint Energy is entering a reinvigorating new era of building a continuous improvement culture that you will play an integral role in establishing. The long-term goal is for continuous improvement to be engrained in the CenterPoint Energy culture and become “The Way We Work."
Essential Functions
- Collects and cross-references supporting documentation to prepare/review regulatory accounting schedules, documents and/or reports manually and within UI Planner (regulatory filing and financial system software).
- Prepares or reviews variance analyses and provides direction to resolves discrepancies. Interprets and monitors corporate compliance with Regulatory/State and Federal requirements. Ensures proper retention of records.
- Defines and performs complex tasks, large projects or strategic priorities.
- Interfaces in a variety of forums to obtain or to provide regulatory accounting information. Provides regulatory financial/statistical information (written or oral) as requested; prepares reports for various governmental agencies and other outside organizations.
- Investigates and analyzes emerging regulatory issues and problems. Provides appropriate recommendations; researches corporate policies and develops appropriate recommendations; receives, researches and responds to written or oral requests for accounting information from sources either internal or external to the Company; initiates, coordinates and monitors requests directed to organizations internal or external to the Company.
- Performs all aspects of work with high degree of effectiveness, efficiency and accuracy. Exceeds customer expectations.
- Performs as an effective member of a team sharing information, ideas and solutions, and will lead medium to large scale projects.
- Participates in and/or leads project teams involved in the design, development, testing and implementation of automated systems, reengineering of processes, and implementation of new requirements.
- Participates in rate cases and/or other regulatory filings.
- Maintains FERC chart of accounts within SAP S/4 environment.
- Requires a minimum of a bachelor’s degree from an accredited college or university with a major in accounting or finance.
- CPA is preferred.
- 1 - 2 years of relevant work experience preferred.
- Regulatory Utility experience a plus.
- Analysis for Office (AO)
- Utilities International Planner (UI Planner)
- SAP ECC, BW, S4/HANA
- Fiori
Being a part of the CenterPoint Energy team is more than a career alone. It's an opportunity to make a positive impact. You will be an integral part of enabling everyday life and the pursuit of possibilities for the customers we serve and the communities we share. The vital services we provide are at the core of making our world work, and by sharing your energy with us, we'll create a better tomorrow together.
What We Bring To You
- Competitive pay
- Paid training
- Benefits eligibility begins on your first day
- Transit subsidies
- Flexible work schedule, paid holidays and paid time off
- Access to discounts at fitness clubs and an on-site wellness center at our headquarters in Houston
- Professional growth and development programs including tuition reimbursement
- 401(k) Savings Plan featuring a company match dollar-for-dollar up to 6% and a company contribution of 3% regardless of your contribution
Posting Start Date: 04/03/2025
Posting End Date: 04/24/2025
This contractor and subcontractor shall abide by the requirements of 41 CFR
- 60-1.4(a), 60-300.5(a), and 60-741.5(a). These regulations prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on their race, color, religion, sex, sexual orientation, gender identity, or national origin. Moreover, these regulations require that covered prime contractors and subcontractors take affirmative action to employ and advance in employment individuals without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status or disability.
