Energy Transactions Manager, Structured Energy Transactions

Requisition ID# 170313

Job Category: Accounting / Finance

Job Level: Manager/Principal

Business Unit: Engineering, Planning & Strategy

Work Type: Hybrid

Job Location: Oakland

Department Overview

The Energy Policy and Procurement (EPP) organization is responsible for sourcing energy products and shaping PG&E's engagement in energy-related regulatory and legislative proceedings at the state, regional, and federal levels. EPP oversees long-term energy portfolio planning, risk management, and compliance functions.

The Structured Energy Transactions (SET) Department manages wholesale power purchase agreements for renewable and storage resources, overseeing procurement programs designed to meet policy objectives cost-effectively. Within SET, the Energy Transactions (ET) Team leads the structuring, origination, negotiation, and management of PG&E's wholesale electric commodity procurement, including transacting a variety of energy products including physical and financial energy, resource adequacy, and greenhouse gas-free energy. The team drives the execution of solicitations, develops power purchase and sale agreements, and ensures these activities support state reliability and environmental goals.

Position Summary

This position is hybrid, working from your remote office and your assigned work location based on business need. The assigned work location will be within the PG&E Service Territory. The preferred work location is Oakland, CA.

PG&E is providing the full salary/pay range for this position. The actual amount paid to an individual will be based on multiple factors, including, but not limited to, internal equity, specific skills, education, licenses or certifications, experience, market value, and geographic location. The range to reasonably expect will be between the minimum and the midpointof the range. Thefinal decision will be made on a case-by-case basis related to the factors above.This job is also eligible to participate in PG&E's discretionary incentive compensation programs.

Bay Area Minimum: $140,000.00

Bay Area Midpoint: $189,000.00

Bay Area Maximum: $238,000.00

Key Responsibilities

• Directly supervise a team of analysts and/or principals.
• Effectively delegate authority and responsibility.
• Effectively manage the sale and purchase of products managed by the department and disseminate updates to key internal and external parties.
• Lead solicitations, complex contract negotiations, portfolio analysis, program implementation, and/or strategy development from start to finish, including management approval.
• Act as thought leader in the development of strategy or resolution of complex issues.
• Present proposals to Directors, Officers, and Sr. Officers in support of strategic planning, regulatory filings and other major decisions.
• Build and manage relationships with new and existing entities in the market area of focus.
• Prepare strategy papers, deliver presentations to regulators or stakeholders, serve as expert witness for PG&E's request at CPUC, CEC or FERC, and manage relationship with the Independent Evaluator.
• Proactively develop and document existing and new sales, procurement and compliance business processes, including identifying ways to improve such processes, systems, and/or procedures to help reduce errors and improve efficiency.
• Research emerging regulatory and policy issues and effectively communicate complex ideas or technical information to diverse audiences.
• Apply and guide others to apply understanding of Company goals and strategies to everyday work and tasks.

Qualifications

Minimum:

• Bachelor's Degree in a business-related field, mathematics, engineering, environmental policy or equivalent field of study
• Minimum of 6 years of relevant work experience

Desired:

• MBA or Master's degree in related field preferred
• Six years of work experience in the wholesale supply side of the energy industry
• Knowledge of the procurement needs for the Company's wholesale energy portfolio, the impacts of the company's competitive position, and rules and regulations that impact procurement
• Strong attention to detail to deliver high quality work products
• Excellent time management skills and ability to manage multiple projects
• Understanding of meaning and rationale of PG&E contract provisions; typical counterparty concerns; and the impact of specific contract language
• Ability to lead and to develop new procurement products and contract documents
• Ability to structure highly complex power procurement contracts
• Ability to present highly complex data and findings to diverse audiences; to lead Company development activities and to represent Energy Transactions in discussions of electric procurement issues
• Ability to work across functions, removing barriers, and partnering with other organizations to reach goals
• Ability to solve and make decisions on complex problems with little guidance and sometimes incomplete information
• Strong leadership and management skills
• Ability to motivate and supervise a group of individual contributors
• Knowledge of organizational structures, decision making and governance procedures regarding commercial procurement
• Ability to influence key decision makers
• Ability to manage major cross-functional projects and initiatives
• Ability to analyze complex problems and recommend solutions despite incomplete information and limited time
• Ability to maintain a work environment that fosters teamwork, information and experience sharing, constructive communication and professional and individual development
• Experience in bilateral negotiations with any resource that potentially offers value to PG&E's customers. Knowledge of term sheets, contracts, financial structures, and financing arrangements