Energy Portfolio Risk Analyst
Job description
Puget Sound Energy is looking to grow our community with top talented individuals like you! With our rapidly growing, award winning energy efficiency programs, our pathway to an exciting and innovative future is now.
PSE's Enterprise Risk Management team is looking for qualified candidates to fill an open Energy Portfolio Risk Analyst position!
Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process.
Job Description
Performs the quantitative and qualitative analyses related to the production of short-, mid- and long-term financial plans for PSE and its parent companies, as well as analytics associated with resource additions, corporate performance drivers and various strategic initiatives. Leads the development of interdepartmental consensus on analytical assumptions and approaches leveraged for financial planning purposes.
Upholds the safety compliance standards inherent in PSE’s operating and/or field procedures related to work responsibilities. Promotes and supports a culture of total safety.
Demonstrates commitment to conduct business honestly, ethically and consistent with our core values and Code of Conduct. Ensures duties are performed in accordance with all regulatory compliance obligations.
Job Responsibilities
- Performs ad-hoc analyses to inform asset modeling decisions to support risk management framework.
- Regularly reviews market positions to identify risk drivers and recommends remedial strategies.
- Leads department projects relative to system enhancements, quantitative modeling and process improvement.
- Collaborates with front office to understand supply and hedging constraints and aligns mid-office support accordingly to address key risks.
- Reviews all transport, storage and non-standard transactions to ensure they are modeled correctly in ETRM systems.
- Provides consultative review of transactions prior to execution that considers market, supply and credit risk implications in the decision making process.
- Assist in strategies to streamline and mitigate risk associated with external reporting requirements.
- Analyzes credit provisions for standard enabling agreements and new resource acquisitions.
- Performs daily transaction audit, identify material changes, verify and correct discrepancies and monitor remediation as necessary.
- Performs proactive scenario analysis of margin accounts to anticipate future collateral requirements, works with Treasury to address potential cash flow constraints.
- Monitors daily credit exposures, notify traders when the thresholds are being approached and address limit or restriction exceedances by formulating appropriate mitigation plans.
- Works with internal and external stakeholders to collaborate on resolving issues, developing policy and drafting framework documentation.
- Performs analysis, drafts memos and presents risk assessments to senior management following significant market events and to address risk mitigation opportunities.
- Subject matter expert on all mid-office functions that acts as a liaison between the Mid-office and trading on risk related issues.
- Performs other duties as assigned.
Minimum Qualifications
- Bachelor’s Degree in Business, Finance, Accounting or related field and/or equivalent experience with progressively increasing level of responsibility
- 5+ years in finance roles with progressively increasing levels of responsibility
- Excellent communication, writing and presentation skills with the ability to interface effectively with all levels of management
- Ability to work effectively without direct supervision in a fast paced, stressful, and multitasking environment
Desired Qualifications
- Master's Degree in a quantitative field or MBA
- Applicable Finance Certification (CFA, CPA, CTP)
- 5+ years of experience in the gas and/or electric industry
- Demonstrated ability to manage multiple projects and create capacity
- Ability to adapt and react to unforeseen business decisions and situations
- Experience leading and delivering projects under tight deadlines
Additional Information
At PSE we value and respect our employees and provide them opportunities to excel. We offer a competitive compensation and rewards package.
The pay range for this position is $85,000.00 - $141,500.00, and this position is eligible for annual goals based incentive bonuses.
PSE offers a suite of benefits to our employees. Employees are eligible for medical, dental, vision, basic life, and short- and long-term disability insurance. There are additional voluntary options of supplemental life insurance, accidental death and dismemberment insurance, flexible spending accounts for health care and dependent daycare, and an Employee assistance program (EAP). For long term savings, PSE offers a 401(k) investment option and a cash balance retirement plan. Employees will also receive Paid Time Off (PTO) and Paid Holidays throughout the calendar year. Detailed benefit overviews can be found on our Career page - Why Work For Us (pse.com).
Families and businesses depend on PSE to provide the energy they need to pursue their dreams. Our steadfast commitment to serving Washington communities with safe, dependable and efficient energy started in 1873. Today we're building the Northwest's energy future through efforts like our award winning energy efficiency programs and our leadership in renewable energy.
At PSE we value and respect our employees and provide them opportunities to excel. We offer an expansive pay package that includes competitive compensation, annual goals-based incentive bonuses, comprehensive benefits, 401(K), a company paid retirement pension plan, and an employee assistance and wellness program.
Puget Sound Energy is committed to providing equal employment opportunity to all qualified applicants. We do not discriminate on the basis of race, color, religion, sex, national origin, age, sexual orientation, gender identity, marital status, veteran status or presence of a disability that with or without reasonable accommodation does not prevent performance of the essential functions of the job, or any other category prohibited by local, state or federal law.
Should you have a disability that requires assistance and/or reasonable accommodation with the job application process, please contact the Human Resources Staffing department at jobs@pse.com or 425-462-3017.
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