Principal Financial Analyst

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.
Job Function Summary
Supports 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/Certifications
Education 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 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 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 Capabilities
Computer use (use computer regularly for entire work shift)
Environment - Indoor
Office – Hybrid – 3 days per week in office
Compensation Range:
$104,325.00 - $173,875.00
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
.
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

Please refer the Job description for details