Southern California Edison Energy Deal Structuring, Advisor in Rosemead, California
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Energy Procurement & Management (EP&M) Overview
Energy Procurement & Management (EP&M) ensures thatour customers have enough electricity to meet their needs, through the output of SCE-owned generation plants and purchase of electricity from independent generators. We engage in multi-year contracts from both traditional and renewable generators, and conduct day-ahead and real-time trading to serve our customers’ electricity demands.
This position will be in the Portfolio Planning and Analysis department within Southern California Edison’s (SCE) Energy Procurement and Management organizational unit. The successful candidate will report to Energy Procurement and Management’s Manager of Valuation and Portfolio Analytics and will work on highly technical, strategic and analytical initiatives and projects including the evaluation of renewable, preferred and conventional power contracts and financial instruments, production-cost simulation modeling of generation and transmission assets, commodity price and volatility modeling, and risk management.
This position will support the development and design of complex analytical models in addition to executing the evaluation process for all energy procurement activities, including renewable, conventional, energy storage, transmission and gas. The successful candidate will be responsible for leading the development and implementation of analytic methodologies and selection metrics through the use of financial engineering, numerical and valuation analysis, fundamental production cost and power flow analysis, Monte Carlo simulation, and optimization techniques, to support energy hedging and procurement decisions. The successful candidate will be responsible for collaborating with Energy Contracts, Risk Management, Operations and other key stakeholders in creating, vetting, and implementing offer worksheets and other required conduit documents and applications for the various procurement activities in which SCE takes part, and in ensuring their validity, accuracy and consistency with contract language, operations, and regulatory and legislative mandates. The successful candidate will also have responsibility for regulatory support in the form of subject matter expertise and the preparation of advice letters and testimony in support of energy procurement activities.
Develops valuation methodologies for complex structured products in support of contract origination, resource additions, resource characteristic modifications or commodity trading.
Collaborates with management on planning and strategy development which guides the company’s long-term participation in gas and electric markets. Communicates strategies, metrics and methodologies throughout the Company and with regulators. Interacts with senior management to explain and consult on the merits and uses of various optimization and analytic options to support the Company’s energy procurement function. Consults with executives and senior managers, business process owners and key stakeholders on matters related to energy procurement analytics, risk assessments, optimization and bid valuation and selection. Reviews and approves modeling and analysis used to forecast, plan and reduce customer costs. Analyzes and develops trading/hedging strategies, supports resource planning, performs portfolio optimization and manages market risk.
Provides support and guidance on SCE’s evaluation of Energy Storage assets, including having in-depth knowledge of the various storage technologies and their valuation methodologies.
Proposes, vets, and implements procurement strategies and valuation frameworks to meet evolving compliance and programmatic requirement. Constantly assimilates new information and requirements as they become available, and transforms SCE’s approach accordingly.
Provides systems development and maintenance support for SCE’s proprietary evaluation, risk and other analytic models.
Provides functional leadership to other team members as required. May fill in for the manager for some activities.
Leads new initiatives to develop information technology projects required to effectively value and manage energy contracts including the development of valuation tools and solicitation data management protocols
Leading and/or supporting cross-functional teams that include I.T., SIPP, Power Supply, CP&S, T&D, Finance, and other departments as required
Acts as a subject matter expert and may act as an expert witness.
Promotes the Company’s safety culture to ensure a safe work environment.
Perform other duties and responsibilities as assigned.
Bachelor's Degree or higher in economics, operations research, statistics, mathematics, engineering, or similar quantitative disciplines.
Six or more years of quantitative analysis and forecasting experience. Eight or more years of experience with statistical, mathematical, econometric, or financial modeling.
Six or more years of direct experience in developing, implementing, and maintaining quantitative frameworks, in SAS, Python, MATLAB, C++/C#, SQL, R.
Experience creating complex reports and graphs, converting information from one format to another, and generating reports from business applications/databases
Advanced experience using Microsoft Word, Excel, Access and PowerPoint
Must demonstrate strong ethics, influence and negotiation, leadership, interpersonal skills, communication, and the ability to effectively manage stress and engage in continuous learning
Master's Degree or PhD in statistics, mathematics, engineering, economics, operations research, or a similar quantitative discipline.
Six or more years of quantitative analytics experience within CA energy markets.
Demonstrated knowledge of and experience with energy procurement and/or trading systems, energy planning activities, energy portfolio management, energy asset valuation, fundamental modeling, parallel processing and distributed systems.
Understanding of the operating rules and regulatory requirements of California energy markets, including knowledge of CAISO, CPUC and FERC
In depth experience with Unit Commitment, Optimization, and/or Economic Dispatch models.
Experience using CPLEX and/or OpenSolver
Demonstrated knowledge of stochastic processes and Monte Carlo simulation
Demonstrated knowledge of power flow analysis
Advanced experience with all technology and resource types currently operating the CAISO, and familiarity and theoretical understanding of emerging technologies and products, including valuation and operations.
Effective verbal and written communications skills, with demonstrated ability to explain complex technical concepts to a non-technical audience.
Ability to effectively work in a high demand environment.
Ability to make effective decisions that meet business needs while minimizing risk and operating within company policies and all applicable regulations
The primary work location for this position is Rosemead, CA
Candidates for this position must be legally authorized to work directly as employees for any employer in the United States without visa sponsorship.
Relocation may be available for qualified candidates.
Southern California Edison, an Edison International (NYSE:EIX) company, serves a population of nearly 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California. Join the utility leader that is safely delivering reliable, affordable electricity to our customers for over 125 years.
SCE is a proud Equal Opportunity Employer and will not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status or any other protected status.