Manager of Power Cost Forecasting

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.

Supports corporate planning and rates and regulatory affairs by providing financial modeling to develop accurate wholesale revenue and power cost projections for business planning and customer rate making. Includes conducting adhoc decision making analyses for evaluation of potential contracts/products. Manages corporate budgets, generates forecasts, and serves as internal consultant on financial matters related to wholesale revenue and power costs for the organization. Creates advanced financial models of scenarios for future business planning and ratemaking decisions.

Key Responsibilities

Finance Management Manages team of finance professionals who specialize in advanced financial modeling. Responsible for providing economic and financial modeling for wholesale revenue and power costs to support corporate projects and/or functions; manages corporate budgets, generates forecasts, serves as internal consultant on financial matters for the organization and plays an integral role in ratemaking; oversees the creation of financial models of scenarios for future business planning decisions; provides technical management of a financial modeling team, ensuring that agreed objectives are met and all relevant standards/procedures are followed; ensures that operational problems are identified and resolved; ensures that operational procedures and working practices are fit for purpose and current.

Financial Management Monitors and models transactions, ensuring that all financial targets are met, and examines any areas where budgets/expenditures vary from plan with robust variance analysis reporting; assists with the definition and operation of effective financial controls and decision making.

Resourcing Oversees resourcing decisions and planning for a team of four individual contributors, partners with HR in the definition of jobs, recruitment, evaluation and selection processes.

Professional Development Reviews organizational development needs and training strategies to determine required learning and development outcomes for the team; provides guidance in the creation of development plans; monitors ongoing progress and provides coaching and mentoring and provides feedback; completes annual performance management reviews.

Education/Experience/Certifications

Education Requires a bachelor's degree in finance, economics, engineering or other related field or equivalent experience.

Experience Prefer eight or more years in related field.

Competencies (Knowledge, Skills, Abilities)

Functional Competencies

• Advanced knowledge of fundamental economic, business and accounting principles

• Advanced knowledge of macroeconomics and microeconomics, pricing theory, finance, accounting and financial analysis

• Advanced financial modeling skills and experience using Microsoft Excel (including VBA) expert knowledge of regulated utility 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

• Advanced mathematical skills, including calculus, ordinary and partial differential equations, linear algebra, probability and multivariate statistics

• Intermediate knowledge of utility industry operations and market fundamentals

General Competencies

• Intermediate knowledge of enterprise/business awareness

• Advanced decision-making skills

• Advanced negotiation skills

• Advanced diplomacy skills

• Advanced organization and prioritization skills

Leader Practices

• Drives Results

• Plans and Aligns

• Decision Quality

• Drives Engagement

• Courage

Physical and Cognitive Demands

Cognitive Level Substantial: 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 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

Physical Capabilities

Computer use (use computer regularly for entire work shift)

Environment

Office/Hybrid - 3 days per week in office

Compensation Range:

Actual 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.comor 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.