Rates and Charges Specialist

Compensation Grade : Salary Range :

Salary Range :

$100,655.00-$145,951.00

Opening Date : June 17, 2024

June 17, 2024

Closing Date :

Please Note : All job announcements close at 11 : 59 p.m. of the day before the posted closing date.

As a Rates and Charges Specialist, you will maintain and operate the Airports Authority's statistical models to develop rates and charges, methods for calculating charges not provided in the Use Agreement, and forecasting and bond sizing according to the Use Agreement.

Rates and Charges Specialist

Serves in the Office of the Chief Financial Officer at the Headquarters Office.

In conjunction with the Rates and Charges Manager manages the Rates and Charges (from planning through implementation) for the Airports Authority.

Interprets financial results for the Aviation Enterprise consisting of Capital Construction Program (CCP), operating expenses, revenues, and activity statistical data to determine Use and Lease Agreement requirements, including computing and evaluating rates and charges with the assistance of rates and charges staff.

Performs analytical work in financial strategic initiatives considering the effectiveness and overall impact to the Airports Authority. Performs related functions.

GENERAL RESPONSIBILITIES

Performs a wide range of review and analysis functions to formulate, justify, execute, develop, and evaluate financial results, in addition to ensuring rates and charges calculations are in accordance with the Agreement.

Oversees the Airports Authority airline rates and charges.

Assist with developing airline revenue sections of the Airports Authority's annual operating budget and statistical models to ensure the short- and long-term financial viability of the Airports Authority based on the Use and Lease Agreement (Agreement) and Bond Indenture requirements.

Assist in the development of rates and charges for each of IAD and DCA, for landing fees, rental of terminal space, passenger fees, aircraft parking charges, Washington Dulles International Airport (IAD) jet apron fees, equipment charges, and passenger conveyance charges, in accordance with the Agreement.

Develops separate rates and charges for tenants in air cargo buildings, hangars, air mail facilities, fixed base operators, and commercial buildings, based upon individual contracts, including the Airports Authority employee parking.

Collaborates with Airport staff developing rates and charges for incoming signatory airlines.

Develops, evaluates, and interprets complex mathematical equations and formulas used to determine forecasting models to perform statistical analyses to generate financial results to develop financial models for rates and charges and for future projects.

Identifies obsolete or new (not included) variables and implements revisions based on the financial results.

Develops methods to bill individual Signatory Air Carriers for new service / facilities based upon proposed usage of electricity, gas, hot water, police and fire protection, and administrative overhead costs, including amortization of construction costs, excluded from the CCP.

Leverages Workday and Propworks data sources to build custom models to utilize in the required calculations of the rates and charges model.

Monitors cost reports, airline activity, construction, and principal and interest payments that impact rates and charges.

Explains variable in rates and charges to Airports Authority staff and air carriers. Interprets the Agreement terms and conditions for Airports, Authority staff, air carriers, external auditors, and others as requested.

Assists the Airline Business Development Office, the Office of the General Counsel, and the Office of Engineering, to help develop cost and revenue figures for Majority-In-Interest (Mil) projects.

Develops statistical reports to support forecasts and to reference in response to management. Prepares narratives, and presentations (including slides) for the Senior Vice President and CFO to present rates and charges to the Board and the Airlines.

Develops the financial cash flow model based on CCP data from the Office of Engineering. Evaluates, analyzes, and ensures the cashflow model accuracy prior to forwarding to the Airports Authority Financial Advisor (consultant).

The Financial Advisor estimates monies required for specific projects over the years and to assure issuance of new bonds in sufficient amounts to support projects.

Develops and provides financial data to assist the Bond Financing Team in preparing the Airports Authority's presentations to rating agencies for bond sales.

Collaborates with the Airport Consultant to develop financial statistical results for the Report of the Airport Consultant (ROAC) to include in the Bond Official Statement.

Prepares updates to the CCP financial model with actuals from Workday accounting reports, to ensure accurate debt service is applied according to the Agreement.

Monitors the CCP developed by the Office of Engineering with the Budget Department.

Assist the Office of Engineering to include future CCP projection updates. Develops and implements calculations and methodology to the financial model to include future CCP and financial assumptions to ensure management and the airline's future Agreements and financial requirements are met.

Presents and explains complex calculation comparisons to management and the airlines for Agreement negotiations.

Collaborates with the Financial Advisors, the Office of Engineering, and various Airports Authority staff in the preparation of passenger facility charges (PFCs) and grant applications for submission to the Federal Aviation Administration (FAA).

Participates in developing recommendations for economic assumptions and identifies changes or trends impacting airport expenses and revenues for future years.

Updates in the Agreement related to the Rates and Charges. Adjusts revenues, expenses, depreciation, and transfers in audited year-end financial statements to conform to the accounting methodology defined by the Use Agreement.

Develops of the year-end Settlement, procedures, per the Agreement, to credit Airlines with overpayment / underpayment. Develops year-end financial results for review and discussion with external auditors.

Works with the Controller to ensure accuracy of reports.

Assist with determining the application of specific Grants to ensure application to the appropriate airline facilities within the rates and charges model.

Provided Grant amounts are submitted to the FAA for reimbursement.

Serves as the Office of Finance liaison with air carriers and the MWAC; works with Airports Authority staff, MWAC, and air carriers regarding rates and charges.

Collaborates with management to prepare initial airline revenue budget-year estimates and assists Airports Authority program managers on financial plans, in preparation of the Airports Authority's annual budget.

Develops and compares various revenue / expense / airline activity scenarios to enable management to evaluate the impact of budget resource decisions on Cost Per Enplanement (CPE).

Maintains current knowledge of general economic trends, industry approaches and standards; stays abreast of events that may impact Airports Authority rates and charges, including notices from the Department of Transportation, Federal Aviation Administration, Policy Regarding Airport Rates and Charges.

Assist in developing Tax Equity and Fiscal Responsibility Act (TEFRA) notices for public hearings and prepare financial analysis for TEFRA hearings.

Performs other duties as assigned.

QUALIFICATIONS

Seven years of progressively responsible experience in finance, and financial analysis and a bachelor’s degree in any field.

An equivalent combination of education and experience may be considered.

Skill in using a financial management method and / or systems for financial purposes to include budgeting, tracking expenditures, etc.

Knowledge of laws, rules, and regulations governing the preparation, review, and implementation of operating and capital budgets.

Ability to problem solve and perform financial analyses and modeling to make recommendations to improve service delivery.

Skill in writing clear, detailed financial reports and presentations for management.

Ability to perform financial management, budgeting, cost accounting, financial accounting, and reporting.

Ability to speak and write effectively.

Skill in using a computer and modern office software, with an emphasis on accounting and ERP financial systems / software.

PREFERRED QUALIFICATIONS

Knowledge of Generally Accepted Accounting Principles (GAAP) and the ability to identify changes and trends in costs impacting rates and charges and expenditures for budgeting to identify items that might impact future expenses and revenue.

Knowledge of Use and Lease Agreement methodologies

Knowledge of Workday and Propworks.

Bachelor’s or Master’s in business administration, Finance, Accounting, Economics, or a related field.

CERTIFICATIONS AND LICENSES REQUIRED

A state driver’s license in good standing.

NECESSARY SPECIAL FACTORS

Work is typically reviewed in progress and upon completion for quantity, quality, timeliness, teamwork, customer service, and other factors.

A background security investigation will be required for all new hires.