PRINCIPAL FINANCIAL ANALYST

Company: Portland General Electric
Location: Portland
Posted on: November 16, 2024

Job Description:

At PGE, our work involves dreaming about, planning for, and realizing a smarter, cleaner, more enduring Oregon neighborhood. Its core to our DNA and we haven't stopped since we started in 1888. We energize lives, strengthen communities and drive advancements in energy that promote social, economic and environmental progress. We're always on the lookout for people passionate about leading and being a part of teams that are advancing innovative clean energy solutions that are also affordable and accessible to all.
Please read the following job description thoroughly to ensure you are the right fit for this role before applying.
Job Function SummarySupports the organization by providing economic modeling and power-cost projections for financial planning and ratemaking. Serves as internal consultant on financial matters for the organization specific to its power supply portfolio. Creates financial models of scenarios for future business planning decisions in addition to financial models used directly in determining customer rates under PGE's tariff schedule 125 (the Annual Power Cost Update).Key Responsibilities

• Financial Optimization Modeling: Develops longer-term financial models with complex assumptions and relationships which receive a high level of scrutiny internally and by regulatory groups. Continuously improve and refine existing optimization models to incorporate new data sources, market trends, and regulatory changes.
• Scenario Analysis: Perform sensitivity analyses, scenario modeling, and risk assessments to evaluate the impact of various factors on portfolio performance and identify optimal strategies.
• Model Updates: Collaborate with cross-functional teams, including energy traders, asset managers, and regulatory affairs, to understand business requirements. Translate those requirements and integrate into existing power cost optimization model.
• Internal Consulting: Develops standards/guidelines for reports documenting analyses; develops and maintains business rules and data hierarchies.
• External Interaction: Presents information and provides advice and guidance on complex or escalated information requests for presentation to Oregon Public Utilities Commission and other external parties.Education/Experience/CertificationsEducation: Requires a bachelor's degree in industrial engineering, power systems engineering, operations research, economics with a focus on econometrics or other related field or equivalent experience.Experience: Typically eight or more years in related field with a focus on simulation or optimization modeling.Competencies (Knowledge, Skills, Abilities)Functional Competencies
• Intermediate knowledge of fundamental economic, business and accounting principles.
• Basic knowledge of macroeconomics and microeconomics, pricing theory, finance, accounting and financial analysis.
• Expert modeling skills and experience using Microsoft Excel.
• Advanced knowledge of regulated utility operations, revenue requirements, utility accounting principles (e.g., rate-base return standard, AFUDC), wholesale power market and the basics of power plant and transmission system operation and market fundamentals.
• Advanced mathematical skills, including calculus, ordinary and partial differential equations, linear algebra, probability and multivariate statistics.
• Advanced ability to translate complex business problems into mathematical models.
• Advanced ability to communicate technical concepts to both technical and non-technical audiences.General Competencies
• Intermediate knowledge of enterprise/business awareness.
• Advanced decision-making skills.
• Advanced problem-solving skills.
• Advanced written and oral communication skills.
• Advanced analytical thinking skills.
• Advanced organization and prioritization skills.Physical and Cognitive DemandsCognitive LevelSubstantial: 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.Schedule/Attendance
• 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.
• Ability to work shift schedule.
• Ability to work on-call schedule.Physical CapabilitiesComputer use (use computer regularly for entire work shift).Environment - IndoorOffice - Hybrid - 3 days per week in office.Compensation Range:$104,325.00 - $173,875.00Actual total compensation, including a performance based incentive bonus, is commensurate with experience, skills, qualifications, education, training, and internal equity. While we anticipate the selected candidate for this position will fall towards the middle or entry point of the compensation range, the decision will be made on a case-by-case basis.PGE believes in rewarding dedicated performance. We provide a total rewards 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. To find out more, click here.Join us today and power your potential!Assisting with storms or other Company emergencies is a part of all positions at Portland General Electric.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.PGE does not discriminate on the basis of disability. We recognize individuals have a variety of abilities to offer and we believe there is much to value and celebrate by incorporating different abilities into the work we do. One very important way we live this out is in our application and interview process. We work hard to support individuals who may need an accommodation to fully participate in these processes. If you feel you may need an accommodation, or would like to request one, please notify the Talent Acquisition Specialist (Recruiter) associated with the job posting. You may also make this request by contacting talentacquisition@pgn.com or by calling 503-464-7250. The Recruiter will provide information and next steps for the accommodation process. Our Diversity, Equity & Inclusion (DEI) team is also available for support. You can contact them at dei@pgn.com.To be considered for this position, please complete the following employment application by the posting close date. Posting closes at midnight (Pacific Time) on the closing date below. If no date is listed, job is open until filled.
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Keywords: Portland General Electric, Vancouver , PRINCIPAL FINANCIAL ANALYST, Accounting, Auditing , Portland, Washington