What are the responsibilities and job description for the Senior Portfolio Optimization Analyst position at Portland General Electric?
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 by providing economic and financial modeling, revenue and power-cost projections for corporate projects and/or functions. May include conducting analyses of competitors, operational effectiveness and capacity utilization. Manages corporate and/or site budgets, generates forecasts, analyzes utilization and serves as internal consultant on financial matters for the organization. Creates financial models of scenarios for future business planning decisions.
Key Responsibilities
Economic Analysis Develops economic analyses for significant and complex related to net variable power costs, including examining economics/costs under uncertainty.
Financial Models Develops longer-term financial models with complex assumptions or relationships (e.g., models that will receive a high level of scrutiny internally and by regulatory groups); coordinates with other departments to ensure model assumptions/outputs align across the organization.
Reporting Develops reports documenting complex analyses; may be responsible for preparing annual budgets and/or strategy reports including metrics and measurements.
External Interaction Prepares information to be presented to the Oregon Public Utilities Commission and other external parties and answer straightforward questions.
Education/Experience/Certifications
Education Requires a bachelor’s degree in industrial engineering, operations research, economics, finance or other related field or equivalent experience.
Experience Typically five or more years in related field.
Competencies (Knowledge, Skills, Abilities)
Functional Competencies
Intermediate 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
Intermediate 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
Intermediate mathematical skills, including calculus, ordinary and partial differential equations, linear algebra, probability and multivariate statistics
Intermediate knowledge of fundamental economic, business and accounting principles
General Competencies
Intermediate business acumen
Intermediate problem-solving skills
Advanced written and oral communication skills
Intermediate analytical thinking skills
Intermediate organization and prioritization skills
Physical and Cognitive Demands
Cognitive Level
Intermediate: Consistent use of relevant principles to solve practical problems and to deal with a variety of concrete variables in situations where only limited standardization exists.
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 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
Driving/travel/commute: Daily within service territory - Frequently (at least once a week or more)
Computer use (use computer regularly for entire work shift)
Environment - Indoor
Office – Hybrid – 3 days a week in office
#hybrid
Compensation Range:
$89,175.00 - $148,625.00
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.
Supports corporate planning by providing economic and financial modeling, revenue and power-cost projections for corporate projects and/or functions. May include conducting analyses of competitors, operational effectiveness and capacity utilization. Manages corporate and/or site budgets, generates forecasts, analyzes utilization and serves as internal consultant on financial matters for the organization. Creates financial models of scenarios for future business planning decisions.
Key Responsibilities
Economic Analysis Develops economic analyses for significant and complex related to net variable power costs, including examining economics/costs under uncertainty.
Financial Models Develops longer-term financial models with complex assumptions or relationships (e.g., models that will receive a high level of scrutiny internally and by regulatory groups); coordinates with other departments to ensure model assumptions/outputs align across the organization.
Reporting Develops reports documenting complex analyses; may be responsible for preparing annual budgets and/or strategy reports including metrics and measurements.
External Interaction Prepares information to be presented to the Oregon Public Utilities Commission and other external parties and answer straightforward questions.
Education/Experience/Certifications
Education Requires a bachelor’s degree in industrial engineering, operations research, economics, finance or other related field or equivalent experience.
Experience Typically five or more years in related field.
Competencies (Knowledge, Skills, Abilities)
Functional Competencies
Intermediate 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
Intermediate 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
Intermediate mathematical skills, including calculus, ordinary and partial differential equations, linear algebra, probability and multivariate statistics
Intermediate knowledge of fundamental economic, business and accounting principles
General Competencies
Intermediate business acumen
Intermediate problem-solving skills
Advanced written and oral communication skills
Intermediate analytical thinking skills
Intermediate organization and prioritization skills
Physical and Cognitive Demands
Cognitive Level
Intermediate: Consistent use of relevant principles to solve practical problems and to deal with a variety of concrete variables in situations where only limited standardization exists.
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 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
Driving/travel/commute: Daily within service territory - Frequently (at least once a week or more)
Computer use (use computer regularly for entire work shift)
Environment - Indoor
Office – Hybrid – 3 days a week in office
#hybrid
Compensation Range:
$89,175.00 - $148,625.00
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.
Salary : $89,175 - $148,625