Opening Date: September 16, 2019
Closing Date: October 11, 2019
Job Class Code: OM02
Salary Grade: 36
Salary Range: $76,336.00 - $104,998.40
Position Number: 095500015
The State of Maine Executive Department, Office of the Public Advocate is seeking self-motivated candidates to fill its anticipated full-time position for an Economic Analyst. The Economic Analyst shall perform technical financial and economic analysis work in examining the financial condition and performance of companies providing utility, telecommunications and energy services in the State to determine/recommend fair and reasonable rate levels and adequate financial policies.
Responsibilities include but are not limited to:
- Investigates/evaluates financial structure, policies and operation of utility companies in perspective with current market expectations/assumptions and future trends to determine costs, rate levels, and rate design are fair and reasonable.
- Develops/prepares own testimony and questioning for utility witnesses with staff counsel and testifies at PUC hearings and federal regulatory agencies to present/advocate findings and recommendations.
- Researches/studies/analyzes utility company's supporting documentation/proposal to determine the type and extent of disposition activity.
- Reports periodically on utility companies' financial/policy management and their impact with respect to Maine ratepayers.
- Examines utility rate design proposals with respect to their effect on efficient economic behavior and other policy objectives.
- Examines existing requirements and proposed modifications to such requirements made in state, regional and federal forums with respect to their potential impact on the competitiveness of retail and wholesale markets for telecommunications and energy services in Maine and New England
- Advises Public Advocate, Deputy Advocate and Senior Counsel regarding the disposition of applications for increased rates, issuance of securities and the mortgage, transfer, sale of property to expedite processing activities and broaden their knowledge of financial matters
Bachelors Degree in Business Administration, Economics or Finance plus three  years of progressively responsible professional experience in economics or financial analysis field. Graduate level degree in Economics, Finance, or equivalent field preferred. Knowledge of Federal/State tax laws regarding utility regulations and/or of public utilities commission regulations is highly beneficial.
For further job description detail, please visit our website: http://www.maine.gov/meopa/
Value of State’s share of Employee’s Retirement: 19.27% of pay
Value of State-paid Dental Insurance: $14.31 biweekly
Value of State-paid Health Insurance*:
Level 1: 100% State Contribution = $461.75 biweekly (employee pays nothing)
Level 2: 95% State Contribution = $438.66 biweekly (Employee pays: 5%)
Level 3: 90% State Contribution = $415.58 biweekly (Employee pays: 10%)
Level 4: 85% State Contribution = $392.49 biweekly (Employee pays: 15%)
*The level of actual value of state paid Health Insurance will be based on employee’s wage rate and status with regard to the health credit premium program as of July 1, 2019.
The State of Maine is an Equal Opportunity/Affirmative Action employer. We provide reasonable accommodations to qualified individuals with disabilities upon request.