Senior Portfolio Management Analyst-Flexible Location
Requisition ID # 133445
Job Category: Accounting / Finance
Job Level: Individual Contributor
Business Unit: Energy Policy & Procurement
Job Location: San Francisco
The Portfolio Management group is part of the Energy Portfolio Procurement & Policy department (EPP&P) within Pacific Gas and Electric Company’s (PG&E) Energy Policy and Procurement organization. Portfolio Management is primarily responsible for managing PG&E's wholesale electric portfolio in order to meet PG&E's electric load obligations in a reliable, economic manner. This responsibility includes: (1) determining the Company's intermediate- and short-term Resource Adequacy (RA) capacity, Energy, Renewable Portfolio Standard (RPS), Congestion Revenue Rights (CRR) and Greenhouse Gas (GHG) compliance product needs; (2) developing strategies to meet those needs; (3) amending, modifying, and terminating agreements as necessary to maintain PG&E's electric portfolio; (4) complying with sales/procurement, including Low Carbon Fuel Standard (LCFS) credit sales and reporting requirements; and (5) supporting the development of energy policy with the objective of implementing such policy at the least cost and ensuring compatibility with the supply/demand portfolio.
All employees are responsible for performing their jobs in accordance with PG&E's vision and values and for conducting sales/procurement in accordance with PG&E's Risk Management Policy.
The Portfolio Analyst position is anticipated to lead and perform portfolio analysis associated with managing PG&E’s commercial activities involving RA, RPS, energy, CRR, GHG, and LCFS procurement and manage various compliance reporting obligations to the CPUC, CEC, CARB, and CAISO. This position is expected to collaborate with internal and external stakeholders to perform detailed analyses on one or more relevant compliance or procurement topics. Commercial activities must be managed to ensure that sales/procurement meets various regulatory requirements at reasonable costs. The position may be required to fulfill other duties as appropriate to any portion of the overall department.
• Leads complex tasks such as development of forward electric position, development of procurement plans, or the evaluation of alternatives for mitigating PG&E’s risk exposure at the wholesale energy portfolio level
• Completes critical compliance reporting efforts, including compliance filings for Resource Adequacy and Renewable Portfolio Standard
• Owns Power Purchase Agreement development or Commission advice letter drafting
• Autonomously develops and executes plans and processes to accomplish Portfolio Management goals including preserving reliability and procuring least-cost resources.
• Leads strategy development and execution in commercial activities
• Drives continuous improvement processes
• Leads the PG&E management and regulatory approval process for specific transactions.
• Researches and communicates emerging regulatory or policy issues.
• Provide guidance and recommendations on complex issues to PG&E management.
• Bachelor’s Degree with coursework in a business-related field, mathematics, engineering, or equivalent field of study
• Minimum 4 years of experience, or less with advanced degree in a business-related field, mathematics, engineering, or equivalent field of study
• Master’s Degree
• Knowledge of wholesale energy markets, power/gas products (e.g., RA, Energy, GHG, CRR, LCFS), energy procurement contracts, energy trading, and regulations
• Familiarity with supply and demand side electricity markets including nuclear, hydro, fossil, solar, wind, energy storage, QF/CHP, biomass, GHG emissions and offsets, energy efficiency, demand response, and/or distributed generation
• Experience with any/all the following activities:
o Perform cost, benefit, and risk analysis at the individual and the portfolio asset levels
o Analyzing natural gas or electricity prices;
o Developing analytics for optimizing operations in natural gas or electricity businesses;
o Researching and applying quantitative techniques in dealing with issues in natural gas or electricity businesses;
o ISO/RTO/Balancing authority market issues;
o Understanding of supply stack and loading order;
o Electric Utility operations;
o Market and credit risk management;
o Utility revenue requirement and rate-making processes; or
o Physical, financial and real options and derivatives
• Programming capability, particularly in Python or VBA
• Data analytical capability including PowerBI and other data analysis tools
• Ability to participate in bilateral negotiations with resources with potential value to PG&E’s customers
• Ability to prioritize, perform, and articulate findings in written and verbal form to internal and external audiences
• Interpret and explain the analytical results to technical and non-technical audiences using data visualization and effective communication techniques
• Demonstrate subject matter expertise regarding the anticipation and resolution of complex issues involving senior management, cross-department interactions, and limited information
• Self-directed, team player, with ability to drive to high quality results consistently and on a timely basis
• Actively seek out ways to improve processes, systems, and/or procedures to help reduce errors and improve efficiency
• Demonstrate knowledge of physical and financial gas and electric market fundamentals
• Strong understanding of the regulatory environment in California including CPUC, CAISO, CARB, and CEC regulations
• Advanced skill with MS Office Suite (i.e., Excel, Word, etc.)