Commercial Acquisition Manager

Date: Nov 15, 2024

Job ID: 4814

Location:

Bellevue, WA, US, 98004

Remote and Hybrid Work Opportunities: Hybrid (WA Based)

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's Energy Resource Development team is looking for qualified candidates to fill an open Commercial Acquisition Manager position!

Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process.

Job Description

This position contributes directly to the exciting transformation of Puget Sound Energy's utility-scale generation and storage portfolio to meet the reliability and clean energy needs of our customers. You will take ownership of new projects for offtake structures for renewable and storage assets.

Leads and coordinates all commercial functions, including negotiations, project oversight, cross functional team management, and management approval in the acquisition, divestiture and restructuring of energy resources, real estate, and distribution assets. Develops and implements acquisition/divestiture strategies, evaluates potential transactions and shepherds the transaction through commercial negotiations and closing. Further represents all of PSE's interests in commercial development agreements with outside parties.

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

Leads the resource acquisition RFP (request for proposal ) process and due diligence of potential transactions including financial feasibility analyses, engineering review, operations review, environmental review, legal review and real estate review.
Oversees and leads negotiations of business deals critical to PSE's corporate growth strategy, including acquisitions and development projects, purchase and sales agreements, O&M agreements, real estate agreements, interconnection agreements, and service agreements.
Ensures that all conditions are met related to deal closing and that transaction is successfully closed.
Supports regulatory affairs in demonstrating prudence of transaction as needed, including preparing and providing testimony in Washington Utilities and Transportation Commission (WUTC) rate cases.
Manages external vendors setting scope, providing direction and approving work.
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

MBA or related post graduate degree
Understanding of financial and accrual principals
Experience with energy deal structuring and tax equity
Experience with Project Developer
Experience in all stages of project development including acquiring site control, interconnection, transmission, permitting, and construction. Preferred in Energy Procurement Construction (EPC)

Additional Information

At PSE we value and respect our employees and provide them opportunities to excel. We offer a competitive compensation and rewards package.

The pay range for this position is $116,300.00 - $193,600.00, and this position is eligible for annual goals based incentive bonuses.

PSE offers a suite of benefits to our employees. Employees are eligible for medical, dental, vision, basic life, and short- and long-term disability insurance. There are additional voluntary options of supplemental life insurance, accidental death and dismemberment insurance, flexible spending accounts for health care and dependent daycare, and an Employee assistance program (EAP). For long term savings, PSE offers a 401(k) investment option and a cash balance retirement plan. Employees will also receive Paid Time Off (PTO) and Paid Holidays throughout the calendar year. Detailed benefit overviews can be found on our Career page - Why Work For Us (pse.com).

Families and businesses depend on PSE to provide the energy they need to pursue their dreams. Our steadfast commitment to serving Washington communities with safe, dependable and efficient energy started in 1873. Today we're building the Northwest's energy future through efforts like our award winning energy efficiency programs and our leadership in renewable energy.

Puget Sound Energy is committed to providing equal employment opportunity to all qualified applicants. We do not discriminate on the basis of race, color, religion, sex, national origin, age, sexual orientation, gender identity, marital status, veteran status or presence of a disability that with or without reasonable accommodation does not prevent performance of the essential functions of the job, or any other category prohibited by local, state or federal law.

Should you have a disability that requires assistance and/or reasonable accommodation with the job application process, please contact the Human Resources Staffing department at jobs@pse.com or 425-462-3017.