Commercial Acquisition Manager

Job Description

Over the next seven years, PSE must acquire new renewable and non-emitting resources of approximately 6,700MW to comply with Washington State’s Clean Energy Transformation Act (CETA). This effectively doubles PSE’scurrent owned and contracted generating capacity and is more than PSE has acquired in its 150-year history.

This position leads and coordinates all aspects of resource acquisitions of utility-scale energy generation andstorage resources within the business initiatives group. This includes owning financial results, running stakeholdermeetings, and creating management presentations.

Upholds the safety compliance standards inherent in PSE’s operating and/or field procedures related to workresponsibilities. Promotes and supports a culture of total safety.

This job is considered “safety sensitive” as defined in RCW 49.44.240 and is subject to pre-employment drug screening that includes screening for the presence of marijuana and marijuana metabolites.

Job Responsibilities

• Lead strategy development and implementation plans for presentation to senior management for recommended resource acquisitions (including, but not limited to, wind, solar, hydroelectric, energy storage, biodiesel, and other dispatchable resources,).
• Leads implementation of project plans across multi-disciplinary project teams; includes creating and maintaining project schedules, budgets, and action items.
• Conducts or manages business, operational, financial, and policy level analyses needed to evaluate potential projects while considering PSE’s current position and how best to maximize the value of current energyresource assets. Work includes analysis to quantify the impact of prospective State or Federal policy changes.
• Leads external representative(s) on assigned projects, including identifying, negotiating, and managing partner relationships and commercial contracts.
• Collaborates with long-term resource and planning groups inside PSE to review asset acquisitions. Analytic techniques include net present value, discounted cash flow, Monte Carlo simulations, and portfolio optimization, Performs other duties as assigned.

Minimum Qualifications

• Bachelor’s degree in engineering, finance, economics, business administration, or equivalent combination of education and/or work experience; plus 7 years relevant work experience.
• 5 years increasing responsibility in the utility, oil, gas or independent power sector and experience in project development or commercial acquisitions.
• Strong business and financial analytical skills with capability to analyze a wide array of business challenges.
• Demonstrated experience and ability to lead and influence cross-functional teams and stakeholders.
• Excellent verbal and written communication skills, including ability to contemporaneously document evaluation, due diligence and negotiation initiatives for later prudence purposes.
• Ability to understand complex financial pro-formas and provide direction to analytical staff.

Desired Qualifications

• Master’s degree in finance, economics, business, or related field.
• Knowledge of project management principles, processes and techniques applied in a utility setting.
• Knowledge of utility regulatory and accounting practices.

Additional Information

Please note: this job posting is one of three that will be used to advertise and fill only two vacancies at the Commercial Development Manager, Senior Commercial Development Manager or Commercial Acquisition Manager level depending on the most qualified applicant across the three job openings posted. Only apply to one of the three job openings based on which level best matches your work experience. Job postings involved with this opening are 4815, 4816 and 4817.