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Portfolio Analyst

Date:  May 14, 2022
Job ID:  2716
Location: 

Bellevue, WA, US, 98004

Remote and Hybrid Work Opportunities:  In Office

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 Supply Merchant team is looking for qualified candidates to fill an open Portfolio Analyst position!
Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process.

Job Description

Supports the management of the energy supply portfolio.  Analyzes PSE’s commodity transactions and supports the modeling of the company’s resource portfolio in support of the commodity hedging, and trading strategy.

 

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.

 

Job Responsibilities

  • Developing and maintaining optimization models for gas and electric resources such as hydroelectric projects, wind projects, thermal units, and gas storage, and long term contracts.
  • Assists in maintaining PSE’s risk management system models and inputs.
  • Reporting portfolio positions and management metrics. Communication of effect of transactions and deals on positions
  • Knowledge of Risk management systems and analytics behind modeling.
  • Ability to perform Quantitative analysis for supporting decision making related to current and future potential elements of the portfolio.
  • Support WUTC rate case filings by preparing testimony and responding to (and initiating) data requests to responding parties.
  • Analytical support for operational decisions such as resource acquisition, and maintenance timing.
  • Analysis and model development for use in position management and trading activities.
  • Performs other duties as assigned.

Minimum Qualifications

  • Bachelor’s degree in a relevant field. (Economics, Statistics, Engineering or similar)
  • 2 years work experience, preferably as a quantitative analyst in the energy industry.
  • Proficiency with quantitative concepts including time-series analysis, Monte Carlo simulations, operations research, and statistics.
  • Advanced skills in MS Office, especially Excel, Access is expected, including proficiency in writing macros or queries in SQL or VBA.
  • Excellent communication, writing and presentation skills.
  • Self starter with the ability to work effectively without direct supervision in a fast paced, stressful, and multitasking environment.

Desired Qualifications

  • Master's Degree in a quantitative field. (MBA does not count)
  • Hands on experience building quantitative models using Crystal Ball, LP Solvers, or VBA.
  • Mathematical programming experience in SAS, Matlab, or similar.
  • Familiarity with financial analysis concepts and accounting principles.
  • Previous experience with developing and using OLAP reports. (Cognos, Crystal)
  • Programming experience in VB, C or FORTRAN.
  • Knowledge of risk systems and portfolio management principles.
  • Understanding of western gas and power markets supply and demand drivers, market fundamentals, transmission, and transportation.

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