Job Information
Puget Sound Energy, Inc Principal Power Structuring Analyst in Clyde Hill, Washington
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'sEnergy Supply Merchantteam is looking for qualified candidates to fill anopenPrincipal Power Structuring Analystposition! Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process. Job Description Puget Sound Energy (PSE) is looking for aPrincipal Power Structuring Analyst to bepart of PSE's transformative mission. As we navigate toward a sustainable energy future, we're committed to achieving two crucial milestones: carbon-neutral power generation by 2030 and full transition to renewable and non-emitting energy sources by 2045. Our challenge is to meet these ambitious environmental targets while ensuring our customers continue to receive dependable power service. Upholds the safety compliance standards inherent in PSE's operating and/or field procedures related to work responsibilities. Promotes and supports a culture of total safety. Demonstrates commitment to conduct business honestly, ethically and consistent with our core values and Code of Conduct. Ensures duties are performed in accordance with all regulatory compliance obligations. Job Responsibilities Perform analytical support to the origination team including financial analysis, economic valuation of projects and PPAs and financial structuring. Collaborate with internal and external stakeholders to evaluate and continuously improve asset optimization, risk measurement and resource planning capabilities. Provide theoretical and quantitative guidance for evaluation of structured transactions, new asset acquisitions and integration of new resources. Utilize knowledge of PSE's resource portfolio, regional energy supply and demand fundamentals, commodity market dynamics, and modeling best practices to mentor analysts and inform the company's energy supply and risk management strategies. Own and be accountable for accuracy of model results and justification of methodologies. Evaluate bids submitted to PSE Front Office voluntary RFPs. Work cross-functionally with teams across the organization including operations, trading, risk control, finance and regulatory. Maintain up-to-date knowledge of the region's energy supply resources and operations, energy system modeling best practices, and emerging risk measurement techniques. Present and explain forecasts of energy supply costs and serve as subject matter expert in communications with internal and external stakeholders. Conduct risk assessments of new transactions and market conditions affecting PSE's energy portfolio, while guiding management on appropriate risk mitigation approaches. Support WUTC rate case filings by preparing testimony, responding to (and initiating) data requests from external stakeholders, and defending PSE's forecast methodologies and assumptions. Ensure compliance with policies governing control over model inputs and outputs, data integrity, quality, and security. Perform ad hoc analysis and other duties as assigned. Minimum Qualifications Bachelor's degree in a relevant field. (Finance, Economics, Statistics, Engineering, or similar) Minimum 8 years work experience, with at least 4 as a quantitative analyst in the energy industry Proficiency with quantitative methods and concepts including regression analysis, Monte Carlo simulations, stress testing, and scenario analysis Familiarity with production cost modeling and software such as Plexos, Aurora, GenTrader, PROMOD, etc. Programming experience in Python, R, SQL, MATLAB, or similar Experience with financial analysis and risk measurement techniques Advanced skills in MS Office, especially Excel, including proficiency in writing ma