Work Authorization: US citizenship is required with no exceptions
Job Location: Hybrid in Moses Lake, Washington - candidates must be able to relocate within commuting distance.
Salary: $157,000-$250,000
Position Summary
The Sr Mgr of Power Portfolio Strategy is responsible for developing and assessing strategic options for managing the power commodity, including: (1) Power portfolio valuation and recommendation(s) for the portfolio mix; (2) Risk adjusted valuation supporting identification, prioritization, and recommendation of power portfolio components and options; (3) Calculating incremental and decremental power portfolio cost in support of rate design analytics, wholesale contracting, large retail customer contracting, and power cost adjustment mechanisms; and (4) Risk management for the business activities directly impacting the power portfolio.
Job Responsibilities
Essential Functions:
Directs, oversees and provides leadership for ESM's Power Portfolio Strategic Management function, including: Partnering, coordinating, and supporting ESM's Business Intelligence & Market Analytics function, Net Power Reporting & Metrics function, Trading & Commercial Operations function, and other enterprise work efforts directly related to Strategic Pillar 4, Intentional Power Demand; Policy & Procedure development; and operational execution of ESM's Strategic Management function's business plan.
Directs, oversees and provides leadership for power valuation and recommendation(s) for the portfolio mix, including Formal and informal (as needed/ad-hoc) integrated resource planning process for the organization's energy, capacity and transmission needs; and Power portfolio forecasting for Net Power budgeting and variance reporting.
Directs, oversees and provides leadership for strategic valuation, supporting identification, prioritization, and recommendation of power portfolio components, including: valuation and structuring analysis for PPAs; valuation and structuring for new resource acquisitions; valuation and structuring of alternative rate design alternatives (power cost adjustment mechanisms, capital cost recovery mechanisms, etc); and, identification and analysis of financial and operational risk associated with those valuation work efforts.
Directs, oversees and provides leadership for strategic evaluation of power and energy industry partnerships with significant impact to the organization, the PNW, and western power markets, including: Financial and operational evaluation of technologies and resources included in the power portfolio; market and regulatory elements for offerings to regional public power entities; and, coordination and collaboration with the trading & commercial operations function on regional power market engagements (such as Western Resource Adequacy Program, CAISO's EDAM and EIM programs, SPP's Markets+ program, and state/regional climate regulation and initiatives).
Within the Chief Commercial Officer Group:
Partners, coordinates, and supports the Net Power Reporting & Metrics function, including: support for reporting, planning, forecasting, and budgeting of net power costs and revenues; and, collaboration on identifying, setting, developing, net power metrics.
Partners, coordinates, and supports the Business Intelligence & Market Analytics function, including: Support for planning and forecasting efforts for supply-side resources; and, support for planning and forecasting efforts for the Transmission Strategy & Development business unit.
Partners, coordinates, and supports the Trading & Commercial Operations function, including: Support for transaction analysis and valuation; and, support for front-office operations (including hedging activities, balancing transactions, and monetization of environmental attributes).
Partners, coordinates, and supports the ESM leadership culture, including: Establish, develop, monitor, and re-asses ESM resource needs, hiring plans, and succession plans; Establish and develop an ESM knowledge base, both for general company consumption and as training, development, and learning pathways for ESM personnel; and, Establishment of ESM business metrics and performance targets.
Directs, oversees and provides leadership for employee and ESM leadership mentoring, coaching, and performance feedback, including: Recognizing excellence and growth opportunities; and, Manage discipline, rewards, delegation of employees, and limited tasking of personnel.
Partners, coordinates, and supports, large scale enterprise-wide planning work efforts by other functional organizations ensuring unity, excellence, and consistency across business and management activities.
Supports, oversees, and provides leadership for managing relationships with regulatory agencies, governments, local tribes, and customers, include: Maintain healthy collaborations and open communications; Representing the Utility to local, regional, and national meetings, hearings, and organizations to further the Utilities' goals and interests.
Partners (with Enterprise Technology), directs, oversees, and provides leadership for the ESM data and technology work efforts, including: Develop, establish, and implement the ESM Information-Data-Technology roadmap for data governance, analytic toolsets, and planning suite selection and implementation.
Demonstrated commitment to company mission, vision, values, strategic plan, and Company and IBEW Local 77 Code of Excellence. The incumbent should be familiar with these organizational priorities and behave in a way that aligns with these expectations. Understand and adhere to compliance requirements for this position that may include laws, regulations, security guidelines, company policies & procedures.
Actively support and participate in all aspects of our safety program, including but not limited to:
Following all safety policies and
Alerting supervisors and coworkers of unsafe or hazardous working
Reporting any safety incidents or close calls within 24 hours to your
Accepting feedback from supervisors and coworkers regarding your own safety
Be viewed as a safety champion by demonstrating through words and actions, that safety is our paramount value by actively:
Supporting the presence of safety in your Operating Unit (e.g. include safety messages in business conversations; begin meetings as appropriate with a safety minute).
Acknowledging compliant safety behaviors and good safety performance from members of your team(s).
Ensuring that middle managers are actively supporting their teams in safety efforts such as continuous improvement teams, Safety & Health Improvement Plan (SHIP) responsibilities, hazard identification, metric reporting, and compliance, etc.
Education and Experience
Required
Bachelor's degree in Business, Economics, Engineering, or related field OR two additional years of relevant experience in lieu of degree.
10 years of experience with increasing responsibilities with at least 5 years people leadership, including:
Strong knowledge of energy risk including analyzing and managing exposure to energy market price volatility.
Strong experience of utility generation, including developing and analyzing portfolios, conducting cost-benefit analyses.
Strong knowledge in long-term system forecasting utilizing transmission topology and constraints.
Strong knowledge of power resource valuation and structuring analysis, and
Strong skills and experience with incremental and decremental cost studies.
At least 5 years overall business experience in energy/utility industry.
Preferred
Master's degree in business, Economics, Engineering, or related field.
License and Certifications
Required
A valid State driver's license with no restrictions.
Other Knowledge, Skills, and Abilities
Knowledge of Federal and State Rules; Bookkeeping and or Accounting; Compliance and Reliability; Organization Policy and procedures; Budgeting; Managing multiple personnel and projects; file and records management; Utility Operations; Utilities' policies, procedures.
Skill in Compliance and Regulatory record keeping; Prioritizing and delegating; Reliability and Compliance tasks for large companies; meticulous attention to detail; utilizing MS office products; interpersonal skills including clear and concise communication both in writing and verbally.