Puget Sound Energy is looking to grow our community with top talented individuals like you! With our rapidly growing, award winning energy efficiency programs, our pathway to an exciting and innovative future is now.
PSE’s Enterprise Risk Management team is looking for qualified candidates to fill an open Principal Financial Analyst position!
Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process.

JOB DESCRIPTION

The Principal Financial Analyst works with Trading and Energy Supply Merchant commercial representatives to identify fir for purpose second line of defense processes to ensure complete portfolio integrity. This role supports the team responsible for quantitative risk modeling and model risk management associated with Puget Sound Energy’s wholesale energy procurement. Responsibilities include reporting daily risk exposure and market analytics, collaborating with teams responsible for new asset acquisitions, and developing valuation models for optimization of Puget Sound Energy’s assets. The market risk function has responsibility to track energy procurement plans and risk management mandates to ensure approved hedging activities for the natural gas and power portfolios are properly recorded, valued, and reported.
This role upholds the safety compliance standards inherent in PSE’s operating and/or field procedures related to work responsibilities. Additionally, the person in this role promotes and supports a culture of total safety.
The Principal Financial Analyst demonstrates a commitment to conduct business honestly, ethically and consistent with our core values and Code of Conduct, as well as ensures duties are performed in accordance with all regulatory compliance obligations.

MINIMUM QUALIFICATIONS

• Bachelor’s Degree in Business, Finance, Accounting or related field and/or equivalent experience with progressively increasing level of responsibility
• 5+ years in finance roles with progressively increasing levels of responsibility
• Excellent communication, writing and presentation skills with the ability to interface effectively with all levels of management
• Ability to work effectively without direct supervision in a fast paced, stressful, and multitasking environment

DESIRED QUALIFICATIONS

• Master’s Degree in a quantitative field or MBA
• Applicable Finance Certification (CFA, CPA, CTP)
• 5+ years of experience in the gas and/or electric industry
• Demonstrated ability to manage multiple projects and create capacity
• Ability to adapt and react to unforeseen business decisions and situations
• Experience leading and delivering projects under tight deadlines
• Experience building and maintaining dashboards using PowerBI, SQL Server, or similar tools.

JOB RESPONSIBILITIES

• Supports the Market Risk and Analytics function as the second line of defense in identifying, managing, and mitigating commercial risk to the organization.
• Is an end-to-end deal expert, understanding risk at all parts during the life of a deal, interacting with the functional experts to help identify and suggest remediations to those risks.
• Engages in actively managing resources and processes to optimize the efficient analysis of risk across the portfolio, manage change, and prioritize appropriately,
• Develops and maintains models and tools used for position and asset valuation, credit risk management, and risk exposure assessments.
• Builds and owns reports and analyzes data to identify risk and opportunities as well as make recommendations.
• Produces presentations for Trading and Energy Supply Merchant customers, Finance organization management, and the Board of Directors on energy portfolio risk and performance.
• Drives process excellence for the analyst team, identifying bottlenecks in risk processes; ensures that error-checking is a natural part of all processes so that output is correct the first time.
• Assists in the development and enforcement of the requirements of Puget Sound Energy’s Risk Policy, Hedging Policy, and associated procedure materials.
• Supports requests from other internal business functions and third-party auditors to fulfill data requests.
• Oversees ad hoc requests for model development related to the risk management and marketing of natural gas, power, and generation fuel.
• Assists the Manager of Market Risk and Analytics in driving a vision for the analyst team to aspire to by defining a clear path to get there.
• Continually improves analytical capabilities via internal and external networking and staying current on innovations in financial metrics and techniques.
• Leads the analyst team in the delivery of recommendations resulting from quantitative and qualitative analyses.
• Anticipates and identifies areas of opportunity or inherent business risks evident in the data and communicates action plans to management.

ADDITIONAL RESPONSIBILITIES

• Company & Industry Acumen - Consistently demonstrates a breadth of industry and company knowledge and viewed by peers and external leaders as a key resource; has the ability to extract key findings from an analysis and relay that information to key stakeholders; works to refine and expand knowledge base continually and drives improvement throughout processes.
• Collaboration - Partners with directors and senior management to drive strategic initiatives and long-term business objectives. Work products give leadership confidence in individual’s ability to drive collaborative efforts with some guidance.
• Customer Focus - Consistently anticipates customer needs and proactively identifies ways to improve customer experience.
• Innovation & Process Improvement - Takes ownership of personal and departmental responsibilities while identifying and proactively implementing improvements to processes, procedures and systems; that appropriately considers stakeholder feedback. Manages time to create capacity to focus on value added work. Ensures individual knowledge and skills are up to date with current industry standards and actively shares knowledge with others.
• Strategic – Uses strategic thinking and critical reasoning to create solutions and drive value within business and team to meet strategic objectives. Often anticipates and is proactive in addressing potential issues.
• Influence – Uses analysis to provide cross-functional feedback, aligned with strategic objectives, which supports and drives business decisions.
• Leadership - Provides guidance, assists in training, and delegates within department. Responsible for leading departmental and cross-functional project teams.
• Performs other duties as assigned.