Depreciation Analyst/Principal Accountant

Acts in a lead professional capacity in matters relating to depreciation, drawing on plant accounting personnel resources of two major utilities to perform studies. Provide expert witness testimony for regulatory filings; prepare internal and external periodic and ad hoc reports. Provide maximum protection of required capital recovery, currently over half a billion dollars annually, written and oral depreciation-related testimony as well as support for other witness in rate filings. Testimony is provided before the California Public Utilities Commission, Federal Energy Regulatory Commission, and in civil proceedings regarding plant valuation determination. Preparation of Insurable Value estimates for Risk Management. Computation of revenue requirements for the shared asset billing of affiliates. Support financial plan forecast activities relative to depreciation and rate base. Maintain the integrity of SAP asset data, validating business unit assignment, locations, property types, insurance index assignment, service life, depreciation rate, property tag numbers, shared service allocation codes, etc. Preparation of depreciation studies to determine trends in average service lives, remaining lives, and future net salvages estimates. New book depreciation rates are computed annually. These studies are performed for the two large public utility companies, SDG&E and SocalGas. Support for numerous internal clients needing plant balances, lives for the new assets, depreciation rates, net book values, RCNLD (reconstruction cost new less depreciation), depreciation and rate base forecast assistance, and other ad hoc requests.
REQUIREMENTS
Bachelors and/or Masters Degrees in Engineering, Economics, and/or accounting is required. Must have experience in applying various methods of actuarial and semi-actuarial life analysis. Must have knowledge of gas and electric utility assets, as well as their associated installation and removal procedures and regulated utility accounting practices. Ability to perform both actuarial life analysis and simulated plant record analysis. Basic skills in statistical analysis is needed and familiarity with future net salvage estimation. Must have computer programming skills sufficient to maintain and modify depreciation software. Ability to perform asset valuation studies (RCNLD, etc.) and prepare compelling testimony in support of study results. Verbal communication skills to make presentations, provide sworn testimony, and withstand cross-examination by the multiple adversaries. Statistical and computer programming skills and experience as an expert witness in the area of depreciation is desired.

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