Economic Analyst III - Accounting

ICC Overview

The ICC is made up of 2 main segments. The Bureau of Public Utilities and The Bureau of Transportation. 

Public Utility Services

Through its Bureau of Public Utilities, the Commission oversees the provision of adequate, reliable, efficient and safe utility services at the least possible cost to Illinois citizens served by electric, natural gas, telecommunications, water and sewer public utility companies.

Transportation Services

Through its Bureau of Transportation, the Commission oversees public safety and consumer protection programs with regard to intrastate commercial motor carriers of general freight, household goods movers, relocation towers, safety towers, personal property warehouses and repossession agencies. The Commission’s Rail Safety Program also inspects and regulates the general safety of railroad tracks, facilities and equipment in the state.

Essential Functions

Under general direction, performs reviews of the books and records of public utility companies; analyzes company filings and provides expert witness testimony on accounting issues in docketed cases before the Commission.

• Reviews and evaluates information complex provided by utilities, performs reviews of the utilities’ books and records in accordance with standard guidelines, develops data requests, identifies issues that need further review and develops adjustments as appropriate.
• Prepares written testimony that set forth opinions and positions on pertinent accounting issues and present proposed adjustments.
• Develops cross-examination questions for staff counsel to ask company and intervenor witnesses.
• Presents expert witness testimony in Commission hearings.
• Assists in the preparation of briefs.
• Performs research of accounting issues and other related matters that affect public utilities.
• Performs other duties as required or assigned, which are reasonably within the scope of duties enumerated above.

Minimum Qualifications

• Requires bachelor’s degree in accounting. A bachelor’s degree in another field PLUS a minimum of one year of regulatory, public accounting, or auditing experience may substitute for the required degree in accounting.
• Requires a total of two years of regulatory, public accounting, or auditing experience.
• Requires superior oral and written English communication skills.
• Requires extensive knowledge of the personal computer and its related software programs and applications, including, at a minimum Microsoft Access, Excel, Outlook, and Word.

Preferred Qualifications

• Prefers an advanced degree in accounting, finance, economics, or a closely related field, with coursework in composition, business writing, communication skills, and computer use.
• Prefers a CPA certificate or continuing education to fulfill the requirement for CPA licensure or other accounting-related designations.
• Prefers experience with regulation of, or working for, a regulated public utility.
• Prefers experience that reflects an ability to design a plan to review the financial transactions of a company while working under the pressure of multiple deadlines.
• Prefers experience reading, understanding, and applying laws, rules, regulations, and court opinions.
• Prefers experience preparing written testimony and technical reports.
• Prefers experience presenting complex accounting issues in a manner that is easily understood by non-accountants.
• Prefers experience presenting and defending testimony and/or technical reports in a courtroom or other similar setting.
• Prefers experience related to litigation support, including but not limited to assistance with preparation of legal briefs, cross examination questions, oral arguments, and other modes of trial preparation.

Employment Conditions

• Requires the applicant to pass a background check and self-disclosure of criminal history.
• Requires infrequent travel for participation in meetings, hearings, training, and other associated events.
• The conditions of employment listed here are incorporated and related to any of the job duties as listed in the job description.