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Associate Director/Director: Electric Portfolio Manager

Pacific Energy Advisors

Location: Folsom, California US
Position Type: Full Time
Rqd Education: Bachelor's Degree
Rqd Experience: 5+ years
Date Posted: January 17, 2023
Reference Code:

About PEA

Pacific Energy Advisors, Inc. (PEA) provides technical advisory services and analytics focused on California’s electric utility industry, delivering unparalleled expertise and solutions to promote successful client enterprises.  PEA’s core service offerings are focused on key operational responsibilities, including resource planning and power procurement, risk management, rate setting, financial planning/modeling, technical staff augmentation and regulatory compliance services. As California’s foremost technical experts in Community Choice Aggregation (CCA) energy programs, the PEA team has been at the forefront of the monumental shift within California’s energy market towards locally managed, community-based energy programs.  PEA’s principals have supported the implementation and ongoing operation of nineteen (19) unique CCA programs in addition to municipal utilities and direct access electricity programs.  PEA’s headquarters are located in Folsom, California with flexible working arrangements provided to staff, as mutually agreed.  

The Position

The Electric Portfolio Manager position is responsible for assisting multiple CCA clients with wholesale electricity procurement and overseeing tasks related to electric portfolio and risk management. This person will lead development of procurement strategies and negotiate structured transactions for resource adequacy, energy, renewable energy, and other environmental products. These transactions and solicitations will be designed to procure specific energy and capacity products to satisfy commercial-, compliance- and policy-related objectives in conformance with adopted risk management policies, statutory guidelines, and budgetary parameters. The Electric Portfolio Manager may also be tasked with leading efforts related to integrated resource planning and must be familiar with the requirements of California’s Resource Adequacy and Renewables Portfolio Standard compliance programs as well as other regulatory programs that may impact CCA procurement obligations. The position will provide assistance to CCA clients in assembling supply portfolios that meet pertinent requirements of such programs and must apply knowledge of Western energy markets and strong analytical skills to formulate and present recommendations to PEA’s clients and coordinate requisite procurement activities.

Qualifications and Experience

  • Bachelor’s Degree in economics, finance, accounting, engineering, or similar field
  • 7+ years of experience with relevant activities focused on wholesale energy supply at an electric utility, energy service provider, community choice aggregator, balancing authority or equivalent
  • Knowledge of energy and capacity markets as well as familiarity with associated regulations and compliance activities pertaining to California load serving entities
  • Knowledge of renewable energy markets and familiarity with associated regulations and compliance activities pertaining to California retail sellers
  • Familiarity with energy risk management concepts and practices, including administration of risk management policies

Required Skills and Abilities

  • Strong oral and written communication skills, including the ability to:
    • Draft clear and compelling written communications (memos, reports, etc.)
    • Prepare and deliver clear and compelling client-facing presentations
    • Lead and participate in committee and Governing Board discussions focused on matters related to energy procurement, resource planning, related policy implications and other pertinent concerns
  • Exceptional analytical and problem-solving skills
  • Proficiency with the Microsoft Office suite of products, including intermediate to advanced Excel-based skills, Word, and PowerPoint
  • Outstanding attention to detail and adherence to project deadlines
  • Outstanding organizational skills and record keeping
  • Experience summarizing analytical results and operational performance as well as conducting related management reporting and briefings
  • Ability to work effectively, both independently and as a member of a team
  • Ability to handle multiple tasks in a fast-paced environment

Compensation, Benefits, and Location

The potential salary for this position has a highly competitive range with the actual salary dependent upon the skills and experience of the selected candidate: $170,000 to $250,000 per year, plus bonus.  PEA offers a benefits package including: 401k with profit sharing, paid time off, and generous incentive compensation potential.

The primary work location is at PEA’s headquarters in Folsom, California. PEA observes a hybrid work schedule, which provides the opportunity for staff to work remotely based on mutually agreeable terms.  Occasional travel to client locations in the greater San Francisco Bay Area and Southern California is required in addition to as-needed participation in business development activities to retain existing and attract new clients.

Application Process

This position is open until filled. All interested candidates are encouraged to submit a detailed resume and cover letter in pdf format to: Martha Serianz, martha@pacificea.com. Please note in your email where you learned about the position. Applications will be screened based on the criteria in the job announcement and candidates with relevant qualifications will be contacted for an initial interview.