Portland General Electric Senior Manager, Power Operations Risk Management 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!
Senior Manager, Power Operations Risk Management
We are looking for a Senior Manager over our newly formed organization Power Operations Risk Management focused on maturing PGE's enterprise risk management and compliance practices. You would be responsible for enterprise risk management and credit risk management, identify and analyze potential sources of loss to minimize risk, estimate the potential financial consequences of incurring a loss and develop and implement controls and cost-effective approaches to minimize the organization's risks. You would also assess and communicate information regarding business risks with functions across the organization, and manage the approval and maintenance of vendor/counterparty credit arrangements.
What else would you work on?
Provides leadership to managers and professional associates Is accountable for the performance and results of multiple related teams Develops departmental plans, including business, production and/or organizational priorities Decision-making is guided by department/district objectives
Power Operations Risk Management Strategy and Governance Determines department’s long-term strategy; establishes policies, goals and performance standards for the department; develops department scorecard; leads committee meetings (e.g., Risk Management Committee, Power Supply Committee) that review trading risk and power operations; develops procedures for and ensures compliance with applicable government regulations and internal and external policies and procedures (e.g., FERC, NERC, SEC, OPUC, U.S. Customs & Canadian National Energy Board); interprets emerging regulatory issues and implements appropriate controls; ensures the Energy Risk Management policies and procedures are strictly followed and suggests improvements to ensure compliance with best practices.
Power Operations Risk Management Operations Manages a professional staff that supports PGE’s Power Operations (i.e., power and gas trading) and that forecasts net variable power costs (NVPC) for recovery via retail rates; prepares NVPC testimony and supports cost recovery in filings with the Oregon Public Utility Commission; determines ways to ensure PGE’s power operations risk and rewards are properly balanced; manages implementation of new software programs (e.g., Energy Trading Risk Management).
Risk Management Reporting & Control Manages financial risk analysis and development of merchant trading position reports, ensuring PGE’s position reports and risk metrics represent “best practices” and reflects PGE’s specific risk environment; manages power cost analysis, variance analysis, forecasting (short-term), ad-hoc analysis, power cost accounting, and Sarbanes-Oxley (SOX) accounting and control requirements; ensures all power cost accounting and regulatory reporting on merchant energy costs is correct and properly reported in SEC/FERC filings; manages confirmation/settlement/billing of merchant energy transactions.
Wholesale Credit Manages the credit exposure of PGE’s merchant energy trading portfolio; ensures counterparties to contracts are credit worthy; negotiates credit terms and conditions; supports the credit side of Request for Proposals (RFPs); manages preparation of daily credit position reports and determination of collateral payments/collections; protects PGE against losses resulting from credit risk.
Wholesale Power Contracts Manages PGE’s long-term wholesale power contracts; negotiates enabling agreements to ensure PGE traders have access to a liquid trading market; optimizes the value of the long-term power contracts; settles contract disputes.
Functional Leadership Exercises comprehensive functional and industry knowledge in specialized areas; identifies and resolves complex multi-dimensional business problems; exercises delegated authority over planning, direction and timely execution for a functional area or program; establishes and maintains contacts with management levels within and outside the company and at government agencies and with industry experts in accomplishing function or program objectives.
Financial Management Sets strategy and develops plans, policies and processes for the accounting, budgeting and, where applicable, charging of department resources and services, including the definition of cost models and charging models; sets, negotiates, approves and manages all financial budgets and targets, ensuring that there is adequate funding for department objectives and plans.
Resourcing Oversees workforce planning and resource strategy across multiple departments, ensuring that there is adequate skilled resource to meet planned service delivery or department objectives; ensures integration with strategic human resource plans; responsible for recruitment, development and demand forecasts for multiple departments.
Professional Development Determines organizational development needs in line with business needs and strategic direction of departments; generates development strategies to achieve required change; monitors progress and evaluates business benefits achieved.
Our ideal candidate will have:
Requires a bachelor’s degree in accounting, finance, business administration or other related field or equivalent experience.
Typically 12 or more years in accounting, finance, financial analysis or related field. Management experience preferred. Certifications, Licenses and Training Certified Public Accountant (CPA) preferred. MBA preferred.
Competencies (Knowledge, Skills, Abilities)
Advanced knowledge of accounting and financial principles, theory and practices
Advanced knowledge of risk management process and principles
Advanced skills in financial and risk analysis Expert knowledge of PGE’s policies, practices, philosophy, operations and key company developments related to regulatory, financial, operating and legal issues
Advanced knowledge of regulations of the Securities Exchange Commission (SEC), Oregon Public Utility Commission (OPUC) and Federal Energy Regulatory Commission (FERC) Advanced computer skills using Excel, Word, PowerPoint General Competencies Expert analytical thinking skills
Advanced conflict management skills
Expert consulting skills
Advanced decision-making skills
Expert influence skills
Expert presentation and facilitation skills
Advanced problem-solving skills
Expert written and oral communication skills Senior
Leader Practices: Drives Vision and Purpose Business Insight Strategic Mindset Develops Talent Manages Ambiguity
Physical and Cognitive Demands
Consistent use of logic or scientific thinking to define problems, collect information, establish facts and draw valid conclusions (for example, engineer, HR director, plant manager, etc.).
Cognitive Ability to adhere to set response times, deadlines and time-sensitive tasks
Ability to follow accuracy standards
Ability to follow through on decision-making tasks
Ability to interact effectively and collaboratively within a team environment Ability to communicate and problem solve when under stress
Ability to respond and adapt to frequent change
Ability to accept and demonstrate self-awareness when provided constructive feedback
Ability to discern feedback and acknowledge ownership of areas of improvement Ability to avoid future mistakes by applying reasonable skills to new but similar work situations or tasks
Ability to successfully collaborate with peers, managers and others within the organization Demonstrates sound memory
Ability to process new information to be applied consistently to work tasks
Ability to work long hours
Ability to work a variable schedule
Ability to report to work and perform work during periods of severe inclement weather
Ability to consistently meet attendance standards for regular, reliable, predictable, full-time attendance
Driving/travel/commute: Overnight inside/outside the service territory - Occasionally (one to two times a month or less)
Computer use (use computer regularly for entire work shift)
Lifting/pushing/pulling: Up to 10 lbs.
Carrying: Up to 10 lbs.
Environment - Indoor/Outdoor (check all that apply):
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:
This job posting will close at 12:01 am Pacific Time on the closing date listed below:
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.