Financial Analyst III

Railroad Commission of Texas


The Railroad Commission of Texas (RRC), recognized as a worldwide leader in the regulation of oil and gas, is seeking a Financial Analyst III to perform routine to complex financial analysis work to include reviews of rate change and other applications filed with the Railroad Commission of Texas. Work involves analyzing utility reports, testimony, accounting records, contracts, and other pertinent information for compliance with accounting standards, state laws and Railroad Commission regulations, and reasonableness of costs. This position works under moderate to limited supervision with latitude for use of initiative and independent judgment. Occasional travel may be required. Work is performed under the general supervision of the Section Director of the Gas Services’ Market Oversight Section.

Essential Job Duties
• Analyzes various utility filings to determine compliance with Texas Utilities Code, Railroad Commission rules, and Railroad Commission policy.
• Prepares written and/or oral expert testimony for use in contested utility rate proceedings. Works closely with attorneys and other professional staff throughout the various stages of contested cases.
• Testifies as a witness on behalf of Railroad Commission staff in contested rate cases.
• Participates in and leads rule-making and other policy-making activities, in coordination with other divisions.
• Conducts investigations of compliance by natural gas utilities, common carriers and propane distribution companies with Texas Utilities Code, Railroad Commission rules, and Railroad Commission policy.
• Continues professional development to increase knowledge of utility rate-making, including maintaining current knowledge of Texas laws and rules, and Federal Energy Regulatory Commission (FERC) accounting rules.
• Mediates informal industry disputes.
• Responds to inquiries from utilities, Commission staff, other government agencies, and the public regarding utility rate issues and competitive matters.
• Prepares, in conjunction with other staff as necessary, reports as required by the Legislature, Commission action, or as directed by supervisors.

State Classification #: 1084
State Classification Title: FINANCIAL ANALYST III
Salary Group: B24
Military Occupational Specialty Codes (MOS):
Army – 36, 36A
Navy – No military equivalent
Air Force – 6FOX1, 6F, 65, 65FX, 65WX
Marine Corps – 34, 3408, 8844
Coast Guard – 020, 31, F&S, FIN10
Additional Military Crosswalk information may be accessed at

Minimum Qualifications
• Bachelor’s Degree from an accredited four-year college or university with major coursework in accounting, business administration, finance, economics, or a related field.
• Two years’ experience in utility accounting or finance; public accounting; or directly related work experience.
• Education and experience may substitute for one another on a year-for-year basis.

Preferred Qualifications
• Licensed Certified Public Accountant (CPA); Certified Financial Analyst (CFA); Certified Rate of Return Analyst (CRRA); or actively pursuing certification.
• Prior work experience with a utility, utility representative, or utility regulatory commission.
• Understanding of, and experience dealing with, utility rate-making principles. This involves the ability to evaluate a utility’s cost of service, including revenue, expenses, rate base, cost of capital, cost allocation, and rate design.

Knowledge, Skills, and Abilities
• Proficiency with Microsoft Office applications, particularly Microsoft Excel.
• Knowledge of the FERC Chart of Accounts, Texas Utilities Code, and applicable Texas Administrative Code.
• Ability to effectively plan and organize several tasks, write concise persuasive testimony, and defend positions through oral testimony.
• Ability to work independently and exercise sound judgment when dealing with complex and controversial issues.
• Ability to coordinate projects within the division and with other divisions.
• Must demonstrate excellent communication, writing and organizational skills.
• Strong interpersonal and communication skills with the ability to work effectively within a diverse group.
• Ability to maintain working relationships with internal/external stakeholders and be open to peer review from supervisors
on work performance standards.
• Ability to respond to high pressure situations and meet changing demands and timelines.
• Ability to learn new regulations and standards to ensure compliance.
• Experience analyzing transactions between regulated utilities and their affiliates.
• May be required to work evenings, weekends, and/or holidays to meet critical deadlines.

Remarks: There is one available position. Official transcripts, DD214 or DD1300, copies of license/certifications, or other minimum requirement validations will be requested at the time of the job offer.


Due to the high volume of applications we do not accept telephone calls. Only candidates selected for interview will be contacted. Notifications to applicants are sent electronically to the email address you provide.

The Railroad Commission of Texas is an Equal Opportunity Employer and does not
discriminate on the basis of race, color, national origin, sex, religion, age
or disability in employment or in the provision of services.
The Railroad Commission of Texas is a smoke-free workplace

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Posted: June 15, 2020