Portland General Electric Senior/Principal Financial Analyst in Portland, Oregon
This is an exciting time to join Portland General Electric. As Oregon’s largest electric utility, Portland General Electric is leading an energy transformation that will harness the power of clean and renewable resources. Our vision for a clean energy future relies on three interrelated and overarching strategies: de-carbonize through investing in clean and reliable energy; modernize through a smarter more resilient grid; and empower our customers in their energy technology choices.
We’re searching for innovative, customer and results-obsessed leaders to help power our mission and lead the way in championing the world’s clean energy future!
In this role, you’ll serve as a Financial/Senior Financial/Principal Financial analyst on PGE’s Power Cost Forecasting & Analysis (PCFA) team. The PCFA team is responsible for modeling and forecasting the net variable power costs (NVPC) associated with PGE’s 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, financial derivatives, and transmission contracts. The net cost to operate this portfolio is typically on the order of $500 million per year.
This is a complex role and requires highly analytical acumen and strong modeling capabilities. You’ll work closely with PGE’s traders, finance teams, plant operators, engineers, and other subject matter experts in a team environment to develop and enhance PGE’s NVPC forecast models.
*Note: Two openings at multiple levels
The following are the essential job responsibilities of this position:
Lead efforts to provide senior leadership and key stakeholders highly detailed power cost forecasts and analysis. The forecasts are used to:
Forecast earnings, provide economic analysis, and inform management on power cost issues.
Establish retail customer rates through a public process administered by the Oregon Public Utility Commission.
Collaborate with team members and stakeholders to develop options, recommendations, and advocate for modeling changes that impact NVPC. These changes include, but are not limited to, the following: 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.
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 current model (MONET), is a large MS Excel model 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.
Review and provide feedback and quality assurance analysis on team member outputs.
Our ideal candidate is someone who has the following:
Bachelor’s degree in a finance, business, economics, engineering, mathematics or other related field or equivalent experience.
Financial Analyst P2 Level - Two or more years’ experience in the field
Senior P3 Level - five or more years’ experience in the field
Principal P4 level - eight or more years’ experience in the field
Intermediate to advanced mathematical, analytical and problem-solving skills.
Intermediate to advanced economic and financial knowledge.
Strong computer modeling skills, including programming.
Advanced knowledge and experience with Microsoft Excel.
Strong customer focus.
Strong oral and written communication skills.
Strong team behavior.
It’s not required, but even better if you have the following:
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
Knowledge of regulated utility accounting principles, discounted cash flow, revenue requirements, utility economics.
PGE supports career progression; the position will be filled at the level commensurate with the successful candidate’s applicable skills and experience.
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!
To be considered for this position, please complete the following employment application by the posting close date. A cover letter may be needed with your application to be considered for this position.
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.
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.
Assisting with storms or other Company emergencies is a part of all positions at Portland General Electric.
Talent Acquisition Contact:
The posting closes at midnight (Pacific Time) on the closing date below:
September 17, 2021
At Portland General Electric, we’re innovators, builders, and achievers. We’re committed to powering our customers’ potential and making a difference for our community and the planet. Today, that commitment includes developing an intelligent and resilient electric grid, electrifying transportation and de-carbonizing the energy sector.
We’re proud to deliver an exceptional experience to help our customers thrive. Our mission is to make clean, reliable and affordable energy services available to all. We obsess over serving customers and are committed to growing employee career paths with purpose. Equity and inclusion are core business values; we celebrate our differences and are committed to developing teams that reflect the communities we serve.