Lead, Load Forecasting at LUMA Energy

San Juan, Puerto Rico, United States -

Full Time

Start Date

Immediate

Expiry Date

16 Oct, 26

Salary

0.0

Posted On

18 Jul, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Load Forecasting, Statistical Analysis, Economic Research, Data Modeling, Regulatory Compliance, Demand-Side Planning, Scenario Planning, Sensitivity Analysis, Demographic Research, Ratemaking, Data Collection, Financial Analysis

Industry

Utilities

Description

LUMA - Built for Puerto Rico We rely on electricity every day. We need it to run our appliances, power the streetlights and produce the goods and services that drive our economy.At LUMA we are committed to provide Puerto Rico with electricity that we all can depend on. At LUMA, we put people first — our employees, our customers and the communities where we live and work. We encourage and inspire our people to embrace opportunities as they work to build an electricity system that will make Puerto Rico a better place.If you're looking for a career where you can make a tangible difference in the lives of your neighbors and your community, LUMA is the place for you. LUMA offers new jobs designed to respond to the current and future needs of the T&D system. Together we're transforming the island's electric transmission and distribution system, and energizing Puerto Rico. Please note that these new jobs with LUMA offer different terms and conditions of employment to those currently in place with PREPA.We will schedule interviews with all qualified PREPA candidates. All PREPA applicants will receive priority in hiring and a compensation package equal to or better than what they receive today. In order to receive notifications as additional positions and locations are posted, please create a profile on our career site. About the Position This position is within the Regulatory Team. The Regulatory Team works to align LUMA’s business plan with the public energy policy goals of Puerto Rico and plays a key role for the design, implementation and reporting on key policy initiatives. Regulatory works with all LUMA departments in support LUMA’s compliance and reporting obligations under the Operations and Management Agreement, the energy regulator and other governmental bodies. The team works with multiple external stakeholders and is responsible for the delivery of professional written documents, and verbal reason to support compliance and reporting. The Tariff and Budgets group within Regulatory is responsible for conducting analysis, studies and projections related to customer rates and annual budgets as well as interacting with LUMA departments to provide updated discussions of LUMA’s activities. The primary function of this role is to conduct, manage and coordinate planning, research and forecasting activities necessary for LUMA Energy’s regulatory, ratemaking and demand-side planning, operations, customer service and planning functions. The individual will be personally responsible for performing detailed economic and demographic research, surveys, data collection, processing and analysis and studies to develop short, medium and long-range electricity forecasts. The individual will perform extensive modeling and algorithms, produce reports and forecasts and be able to communicate the results in English. The role includes broad engagement with individuals, organizations and data most relevant to forecast development and requires the clear communication of data sources and methods, analytical techniques, forecast methodologies and sensitivity analyses. What will you get up to everyday? Handles varied and complex projects, analyses and statistics. Performs detailed analyses regarding relationships between usage and other factors, new forms of generation, uses scenario planning and sensitivity analyses to assess risks. Leads effort to review and validate data inputs and works with teams to correct data errors. Analyzes and model customer behavior, including economic and demographic research, surveys and data collection. Review, update and maintain loss assumptions and calculations. Measure on a regular basis the accuracy of short, medium and long-term usage forecasts versus actuals. Maintains documentation on processes. Prepares reports on economic indicators for executive management. Supports various business functions throughout the company with forecasting analyses and works closely with members of the finance team in explaining forecast changes and variances. Researches and proposes new data sources, methods, and analysis techniques and recommends improvements. Identifies causes for load forecast errors outside the target range and develops solutions to improve accuracy. Clearly and transparently communicates drivers of load forecast errors and reports variances in English. Periodically performs major storm restoration work and associated drills as assigned. Follow all policies and procedures. Other duties as assigned. What We are Hoping You Bring to LUMA LUMA's culture is rooted in the concept of People First, Safety Always. We want your knowledge and expertise to pair with LUMA's globally recognized experts in numerous fields such as customer service, field workforce development, high-voltage transmission engineering, distributed energy resources and mini/micro grid integration. Our employees receive substantial training and development, as well as opportunities for advancement and success. Within our People First, Safety Always culture, we're committed to offering continuous learning opportunities and career-long support for our employees. Education Required: Bachelor’s degree in Math, Engineering, Economics, Commerce or Business, or related field. Preferred: Master’s degree related to Statistics, Engineering, Economics or Finance Experience 7 years related work experience in detailed, multi-variable analytical role. A good understanding of the electric utility model, or other heavily regulated industries, previous experience working at a T&D utility an asset. Demonstrated knowledge and understanding of regulatory principles, statistical analyses, forecasting and data analyses. Physical Demands Stationary Position - Constantly Pushing/Pulling/Reaching - Seldom Climb - Seldom Kneel - Seldom Grab - Seldom Bend - Seldom Lift/carry over - 5-10 LBS Vision - 20/20 Corrected Vision Hearing - Receive detailed information if spoken to Working Conditions Wet or Humid - Seldom Working near/on moving mechanical parts - N/A Working on/near heavy machinery - N/A Working in high places - N/A Exposed to fumes/airborne particles - N/A Exposed to toxic or caustic chemicals - N/A Working in outdoor weather conditions - Seldom Work with Electricity - N/A Work with explosives - N/A Risk of radiation - N/A Loud noise conditions (above 87dB)- N/A Other Environmental Conditions Include: N/A Other We are looking forward to seeing your application! You made it to the end of the job posting! Thank you for expressing interest in LUMA and taking the time to read all the details of this position. We encourage you to apply and give us the opportunity to get to know you better through the recruitment process. Together, we're energizing the people of Puerto Rico. Note: this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities, working conditions, physical demands, and activities may change or new ones may be assigned at any time with or without notice.LUMA provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Responsibilities

Lead the planning, research, and forecasting activities for electricity demand to support regulatory ratemaking and operations. Perform detailed economic and demographic analysis to develop short, medium, and long-range electricity forecasts.