Manager Portfolio Analytics

Requisition ID # 162705 

Job Category: Accounting / Finance 

Job Level: Manager/Principal

Business Unit: Engineering, Planning & Strategy

Work Type: Hybrid

Job Location: Oakland

Department Overview

The Analytics group is part of Pacific Gas and Electric Company’s (PG&E) Energy Policy and Procurement organization. Analytics is primarily responsible for collaborating closely with other teams throughout PG&E (extensively with Energy Policy & Procurement, including Market & Credit Risk Management) to create, validate, maintain, and improve physical and financial, fundamental, and econometric, forecasting models used for decision support. These efforts include utilizing best in class modeling techniques and industry leading software development and data science to drive PG&E’s transition to the sustainable energy network of the future through quantitative decision-making. The team develops quantitative models, including Monte Carlo simulations, econometric, real options, time-series, predictive analytics, and optimizations to support EPP’s commercial activities, regulatory and compliance-related work, as well as strategic and policy-shaping responsibilities. These models are typically data-driven, and account for private and market risks present in PG&E’s commercial activities and strategies.

• Developing estimates of avoided costs, cost-effectiveness, and revenue requirements for evaluations of demand‑side and supply-side resources, and for support of rate design
• Developing evaluation frameworks for Requests for Offers (RFO), commercial and regulatory strategies, new products, and emerging markets
• Supporting regulatory activities and communications with external stakeholders on related policy issues; supporting financial valuations of strategic alternatives.
• Constructing enterprise-wide quantitative models and analysis in support of organizations across PG&E

Position Summary

Oversee quantitative analysis and research work that supports risk management activities to assist senior leadership make strategic decisions. Develops mathematical and statistical models and quantitative studies of historical, predictive, and forecasted data. Responsible for the design, implementation and maintenance of the necessary measurement and monitoring processes/systems.

All employees are responsible for performing their jobs in accordance with PG&E's vision and values and for conducting sales/procurement in accordance with PG&E's Risk Management Policy.

This position is hybrid, working from your remote office and your assigned work location based on business need. The work location is Oakland, CA.

PG&E is providing the salary range that the company in good faith believes it might pay for this position at the time of the job posting. This compensation range is specific to the locality of the job. The actual salary paid to an individual will be based on multiple factors, including, but not limited to, specific skills, education, licenses or certifications, experience, market value, geographic location, and internal equity. This job is also eligible to participate in PG&E’s discretionary incentive compensation programs.

A reasonable salary range is:

Bay Area Minimum: $147,000.00

Bay Area Maximum: $251,000.00

Job Responsibilities

• Ability to develop working relationships with key analytical thinkers and decisionmakers to align and move forward with new innovations and strategic objectives.
• Ability to lead analytical team including coaching, motivation, and supervision of analytically minded individual contributors and people leaders.
• Ability to prioritize, plan, perform and communicate activities both in written and verbal form.
• Ability to solve and make decisions on complex problems with little guidance and sometimes incomplete information.
• Ability to work across functions, remove barriers and partner with other organizations on multiple internal initiatives to reach goals.
• Acts as the point of contact for multiple product family portfolios and market segments, developing and driving the strategic vision and execution of those portfolios.
• Advanced knowledge and experience with electrical systems operations, electric and natural gas markets, energy law, regulatory policy, integrated resource planning, market design/operations/results, portfolio theory, power purchase agreements, quantitative analysis techniques and software, risk and credit management, utility scale development activities, and/or wholesale energy markets (e.g., CAISO).
• Champions a culture of innovation and change including continuously looks for improvement in current business practices; develops and implements policies, procedures, guidelines, and standards to promote best practices.
• Continually guides others to understanding of company goals and strategies alignment with everyday work tasks.
• Demonstrated ability to effectively apply project management skills including identifying, managing, and implementing process improvements.
• Demonstrated ability to effectively collaborate, influence, and become a trusted partner with internal and external stakeholders to advance objectives.
• Demonstrated expertise in computer modeling and optimization techniques including applying analytical tools, methodologies, and frameworks to business or policy issues in the electric power systems and electricity or natural gas markets.
• Demonstrates extensive subject matter expertise regarding the anticipation and resolution of complex issues that sometimes involve senior management and limited information.
• Develop and determine resources allocation that allows the group to contribute to PG&E organizations involved in formulating energy policy or procurement activities where implementation will eventually become a short-term operating matter.
• Drives and executes on continuous improvement of frameworks, methodologies, models, processes, and systems for analysis associated with energy policy and planning as well as cross-organizational issues.
• Experience collaborating with external stakeholders, including ability to negotiate and advocate on behalf of PG&E and/or be a thought leader.
• Expert communication and presentation skills and extensive knowledge and understanding of corporate governance policies and procedures.
• Expertise in preparing complex policy documents for various agencies.
• Identified as a leader with key internal and external stakeholders on the product portfolio (i.e., industry and regulatory).
• Knowledge and skills to develop greenfield short/medium/long-term strategies and drive product portfolio results which have a significant impact in supporting the company and organizational objectives.
• Knowledge and understanding of the regulatory environment and project cost recovery.
• Leads others in the identification, development, implementation, and resolution of issues associated with complex, cross-functional energy policy and planning matters including team management, project reporting, and budgeting.
• Manage project scope, schedule, and cost; work with stakeholders to resolve issues; manage risks; and have adequate mitigation plans.
• Manages a team devoted to development and support of computer systems, models, and procurement strategies for PG&E's participation in electricity markets, including new market initiatives.
• Must be able to communicate clearly, concisely, and effectively at all levels of management.
• Possesses the ability to be a cross-functional lead in the development of new procurement activities or examination of evolving market issues spanning multiple departments.
• Provides direction in support of business area objectives with short-term impact on functional goals.
• Supervise multiple complex analytic efforts for cross-organizational processes and systems associated with energy policy and planning.
• Synthesize research and provide industry perspective outlining implications for the business.

Qualifications

Minimum:

• Master’s degree in quantitative fields (Science, Technology, Engineering, Mathematics, Operations Research, Management Science, and other quantitative areas).
• Leadership experience, 3 years
• Experience in risk analytics and modeling, 7 years

Desired:

• Master’s or Doctorate Degree
• At least five years leading and/or performing analytic work related to electric or natural gas policy, planning, regulation, or wholesale markets
• Professional software development lifecycle experience
• At least five years working at an electric or natural gas utilities, independent power producers, energy wholesale market participants, or energy consulting firm
• Programming capability, particularly in Python, Java, Visual Basic, and/or MatLab
• Knowledge of risk and compliance assessment and management theories, concepts, methods, best practices, and techniques as needed to perform at the job level
• Knowledge of relevant federal, state, and local regulations and laws – for example FERC, NERC, CAISO, CPUC - as needed to perform at the job level
• Competency in making sense of complex, high quantity, and sometimes contradictory information to effectively solve problems

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