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Senior Finance Manager - Resource Acquisitions

Date:  Sep 13, 2022
Job ID:  3245
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 Policy & Energy Supply team is looking for qualified candidates to fill an open Senior Finance Manager - Resource Acquisitions position!
Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process.

Job Description

Manage the analytical team to analyze and make decisions in the acquisition of new generation resources, restructuring of existing resources, and development of strategic resources. Lead and coordinate technical and financial analysis before, during and after the resource acquisition process. Key functions include developing and implementing acquisition strategies, evaluating potential asset targets in due diligence process and overseeing the acquisition through commercial negotiations to closing, and testifying as a witness in rate cases to support prudence recovery. Work closely with the Resource Planning team and the Clean Energy Strategy team to develop and implement resource acquisition strategies to support PSE’s clean energy goals.

Work with PSE executives to align business strategy and manage PSE’s energy resources portfolio to incorporate capital, operational, risk, compliance and/or budget requirements in the decision making process. Responsible to lead, direct, supervise, and coach professional and operational staff and collaborate with other PSE departments, resource and regulatory agencies, and other discipline-related organizations to develop policy and programmatic direction.

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

  • Employee Safety, Development & Team Building - Providing employees with coaching, feedback, and developmental opportunities and building effective teams:
    • Demonstrates a passion for safety. Promotes and supports a culture of total safety including eliminating at-risk behaviors by conducting safety audits and inspections, eliminating hazards and near misses, and attending safety meetings.
    • Sets clear expectations and holds employees accountable for performance as well as safety goals/targets where applicable.
    • Oversees training and development of employees directly and indirectly managed and makes effective staffing decisions. Ensures required training is successfully completed.
    • Challenges and inspires employees to achieve business results.
    • Accountable to ensure employees adhere to legal and operational compliance requirements, as well as safety standards.
    • Conducts and ensures the completion of performance reviews.
    • Provides coaching, direction and leadership support to team members in order to achieve employee, business, customer and safety results.
  • Leads due diligence reviews of energy resource additions and other commercial transactions, including financial feasibility analyses, engineering review, operations review, environmental review, legal review, and real estate review.
  • Represents PSE’s interests in arrangements where PSE enters into joint development agreements with outside parties for new energy resources and other commercial transactions.
  • Oversees business deals required to successfully implement an acquisition or development, including purchase and sales agreements, joint ownership agreements, construction agreements, joint development agreements, O&M agreements, real estate agreements, interconnection agreements, and service agreements.
  • Proactively builds consensus among stakeholders and department personnel.
  • Works with PSE legal counsel to support and align Energy Resources’ business strategy.
  • Directs technical resource modeling and forecasting studies.
  • Prepares and manages departmental and programmatic budgets to achieve corporate goals.
  • Ensures that all conditions are met related to deal closing and that acquisition is fully and successfully transitioned into PSE’s resource portfolio.
  • Post closing, manages PSE’s ownership interest in renewable resources, overseeing financial matters, community relations, regulatory compliance, budgets, and contractual requirements.
  • Functions as PSE’s subject matter expert or appointed as a leader on matters related to specific resource including technology development, state and federal regulations, and technical review and due diligence.
  • Prepares strategic and economic evaluations of current and proposed long-term and intermediate-term energy resource contracts, projects and investments.
  • Supports Regulatory Affairs in demonstrating prudence of energy resource development and management, as needed.
  • Supports or participates in Integrated Resource Plan activities.
  • Prepare material and conducts presentations to PSE executives and industry.
  • Mentors department personnel on technical and strategic matters.
  • Responds to infrastructure and resource emergencies on a 24/7 basis.
  • Performs other duties as assigned.
     

Minimum Qualifications

  • Bachelor’s degree in engineering, finance, economics, business administration or other related field of expertise (appropriate additional experience may be considered in lieu of degree).
  • 7 years of increasing responsibility in the electric utility or independent power sector and experience in project development, implementation, and commercial acquisitions.
  • Demonstrated experience and ability to lead and influence cross-functional teams and stakeholders. 
  • Strong analytical skills to effectively and efficiently analyze a wide array of potential business challenges. 
  • Proven experience achieving structured results for unique acquisition, resource integration, operations and/or maintenance projects.
  • Excellent interpersonal skills and ability to develop and cultivate strong working relationships with contractual counterparties, regulators and other industry participants.
  • Excellent verbal and written communication skills, including ability to contemporaneously document evaluation, due diligence and negotiation initiatives for later prudence purposes.
  • Strong organizational skills to manage complex projects.
  • Proficient with MS Office suite of word processing, presentation and spreadsheet applications.
  • Ability to understand complex financial pro formas and provide direction.

Desired Qualifications

  • MBA, related post-graduate degree.
  • Proficient with Aurora and Plexos model.
  • 10 years experience in financial and technical analysis in the utilities industry with experience in Northwest.
  • Proficient with presentation software applications and excellent presentation skills are highly desirable.

Additional Information

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.

 

At PSE we value and respect our employees and provide them opportunities to excel. We offer an expansive pay package that includes competitive compensation, annual goals-based incentive bonuses, comprehensive benefits, 401(K), a company paid retirement pension plan, and an employee assistance and wellness program.

 

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.


Nearest Major Market: Seattle
Nearest Secondary Market: Bellevue