Post Date: 06/07/2019
Close Date: 06/19/2019
APPLICATION DEADLINE: June 19, 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.
Manager, Financial Analysis (R1-19-1376)
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 & sales of power & 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.
This position manages a team of four analysts and is responsible for forecasting PGE’s NVPC. The position works closely with Power Operations personnel and PGE Plant Managers to develop the in-depth knowledge of energy markets, energy contracts and plant operations to accurately forecast PGE’s NVPC. The forecast is critical to PGE’s financial health as it is used to set customer prices and ensure that PGE recovers its cost of providing electricity to customers. The mission of this team is to provide NVPC forecasting and analysis to support: full cost recovery of NVPC, Power Operations team, portfolio risk management, budgeting, financial forecasting, and economic analysis.
PGE’s forecast model is an Excel model, that models’ the portfolio on an hourly basis, has a large and diverse amount of input data, modeling detail & complexity, and a large amount of model source code.
Essential job responsibilities include:
Ability to engage employees, lead positive change, achieve results, build capability, design work, and uphold values.
Provide highly detailed power cost forecasts and analysis to Power Operations, Risk Management, Rates and Regulatory Affairs, and Corporate Planning departments.
Present and explain NVPC forecasts in Oregon Public Utility Commission cost review proceedings, including workshops, issue settlement conferences, discovery, and testimony. Must be skilled at presenting and explaining complex topics to third parties in this public cost review process.
Perform complex computer modeling and programming. Simulate the operation of PGE’s power system and wholesale markets using a complex Excel model. Develop economic dispatch and optimization logic for the generating plants.
Model plant capacities, heat rates, variable O&M, 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, load following and regulation.
Typical qualifications include:
A bachelor’s degree in a technical field, such as engineering, physics, mathematics, finance, economics, or computer programming. A master’s degree in one of the above disciplines is desirable but not required.
Six - ten years of responsible experience in some combination of trading, structuring, research, analysis, engineering, programming, design, and modeling.
One - four years of management experience.
Strong presentation skills.
Ability to critically review the work of others.
Strong computer modeling skills, including programming.
Advanced mathematical, analytical and problem-solving skills.
Ability to conceptualize solutions to complex problems.
Knowledge of power operations, including wholesale power trading, thermal and hydro power plant operations, and transmission.
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=R1-19-1376 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.
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