Post Date: 07/09/2019
Close Date: 07/22/2019
APPLICATION DEADLINE: JULY 22, 2019
For over 125 years, Portland General Electric has proudly served Oregon. Our dedication to helping customers is matched by our commitment to providing PGE employees with a diverse array of rewarding career opportunities. Diversity and community are at the heart of what we do for our customers and for each other. We are committed to a team that looks like the Oregon community that we know and love.
PGE team members are creative problem solvers who love to apply themselves to challenges, big and small. We are looking for team members who will grow their skills, their career and their future with us.
Senior Financial Analyst (R-19-1556)
PGE manages a diverse power supply portfolio to meet our customers’ electric needs. The portfolio includes power plants (e.g., hydro, wind, solar, natural gas, coal), long term contracts, wholesale market purchases and sales of power and natural gas, and transmission contracts. The cost to operate this portfolio, called the net variable power cost (NVPC), is typically on the order of $500 million per year.
The following are the essential job responsibilities of this position:
Provide highly detailed power cost forecasts and analysis to Power Operations, Power Supply Risk Management, Rates and Regulatory Affairs, and Corporate Planning departments. The forecasts are used to:
Establish retail customer rates through a public process administered by the Oregon Public Utility Commission.
Forecast earnings, provide economic analysis, and inform management on power cost issues.
Model plant generating capacities, heat rates, variable O&M costs, operating constraints, forced outage rates, hydro H/K efficiency factors, wind and solar energy resources, wholesale contract and market fuel and electric resources, hedging instruments, loads, portfolio integration costs, transmission, and ancillary services such as operating reserves and load-net-wind following and regulation.
Defend forecasts in OPUC proceedings, including workshops, settlement conferences, discovery, and testimony.
Simulate the operation of PGE’s power supply portfolio and wholesale markets using an economic dispatch model. The model is a large Excel file containing Visual Basic for Applications (VBA) source code. Develop / enhance the model(s) to ensure power cost forecasts are highly accurate. Make programming source code changes or additions to the models when needed.
Critically think through issues. Interpret, question and validate analysis results to ensure they make sense and are consistent with what you expect.
Clearly present and explain your analysis, results, conclusions, and issues, both orally and in writing.
Our ideal candidate is someone who has the following:
Typically has a bachelor’s degree in a finance, business, economics, engineering, mathematics or other related field or equivalent experience, and five or more years’ experience in the field.
Advanced mathematical, analytical and problem-solving skills.
Strong economic and financial knowledge.
Strong computer modeling skills, including programming.
Advanced knowledge and experience with Microsoft Excel.
Knowledge of power operations, including wholesale power/fuel trading and power plant operations.
Knowledge of power cost forecasting and analysis principles and methods.
Knowledge of wholesale electric and gas market fundamentals, including equilibrium pricing principles.
Knowledge of regulated utility accounting principles, discounted cash flow, revenue requirements, utility economics.
Strong customer focus.
Strong oral and written communication skills.
Strong team behavior and other PGE guiding behaviors.
What’s in it for you? You’ll get an opportunity to work on different projects with people from different areas of expertise. This will help you continue to develop your business acumen by learning from those around you while developing new sets of knowledge and skills. There’s room to grow where the future is electric.
Join us today and power your potential!
PGE is committed to diversity and inclusion in the workplace and is an equal opportunity employer. PGE will not discriminate against any employee or applicant for employment based on race, color, national origin, gender, gender identity, sexual orientation, age, religion, disability, protected veteran status, or other characteristics protected by law.
To be considered for this position, please complete the following employment application by the deadline: https://PGN.igreentree.com/CSS_External/CSSPage_Referred.ASP?Req=R-19-1556 If you have any questions, please feel free to call us at 503-464-7250.
PGE believes in rewarding strong performance. We provide a total compensation package that is designed to reward your contributions to the company, and, at the same time, support your well-being and professional development, both now and into the future.
Assisting with storms or other Company emergencies is a part of all positions at Portland General Electric.
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