Sr / Principal Economic Risk Analyst

Portland General Electric; Portland (OR); On-site; USD 80,000 - 120,000; Full time

Job summary

Portland General Electric is seeking a specialist in economic life cycle risk modeling to enhance reliability-focused assessments. You will collaborate with various teams to create models that inform their investment decisions and improve reliability. The role requires a bachelor's degree in a relevant field and significant experience in the energy sector.

Candidates should possess advanced analytical skills and knowledge of market dynamics, and will work in a dynamic environment with opportunities for professional growth.

Qualifications

• Bachelor's degree required, with equivalent experience accepted.
• Five years in a utility or similar energy sector for senior roles.
• Eight years for Principal roles with advanced skills.

Responsibilities

• Specialize in strategic analytics for economic risk models.
• Collaborate to develop and recommend improvements to economic models.
• Evaluate investments supporting reliability goals.

Skills

Advanced knowledge of PGE and Western U.S. loads

Analytical techniques and cost-modeling theory

Electric market modeling and forecasting tools

Education

Bachelor’s degree in business, economics, engineering, or related field

Five or more years in utility or energy sector experience

Eight or more years for Principal role

Tools

Database applications

Programming languages

Job description

Overview

At PGE, our work involves dreaming about, planning for, and realizing a smarter, cleaner, more enduring Oregon neighborhood. It is core to our DNA and we haven't stopped since we started in 1888. We energize lives, strengthen communities and drive advancements in energy that promote social, economic and environmental progress. We are always looking for people passionate about leading and being a part of teams that advance innovative clean energy solutions that are affordable and accessible to all.

In this role you will lead efforts in reliability‑focused economic life cycle risk modeling and business case analyses. Utilizing various analytical and statistical techniques, the team uses a data‑driven, risk‑based methodology that provides insight and guidance for PGE's transmission, substation, distribution, and generation teams' investment decisions. You will collaborate with stakeholders to develop risk models and recommend risk‑informed and reliability improvement capital investments and optimized maintenance spending.

Responsibilities

• Specialize in strategic analytics to develop economic risk models, complete business case evaluations, and analyze economics of long‑term investment strategy decisions.
• Collaborate with team members and subject matter experts to develop, maintain, and recommend improvements to economic life cycle models and tools, including quality assurance and documentation.
• Analyze model outputs to evaluate and recommend investments that support near‑term and long‑term reliability goals.
• Complete complex life cycle cost analyses for project investment decisions, including replacement, rejuvenation, maintenance, and other strategic activities.
• Develop and perform business case evaluations and portfolio scenarios outlining benefits such as system & customer reliability, safety, compliance, and operational efficiencies.
• Contribute to calculating and reporting project and portfolio benefits metrics.
• Serve as a subject matter expert on reliability economic risk analyses for regulatory and compliance filings, ensuring all technical work meets Oregon Public Utilities Commission and other statutory requirements.

Education, Experience, and Certifications

• Requires a bachelor’s degree in business, economics, engineering, or related financial or scientific discipline, or equivalent experience.
• Senior: Typically five or more years in a utility or similar energy sector experience in engineering, power operations, economic forecasting, accounting, finance, or regulatory affairs, or an equivalent combination of education and experience.
• Principal: Typically eight or more years in a utility or similar energy sector experience in engineering, power operations, economic forecasting, accounting, finance, or regulatory affairs, or an equivalent combination of education and experience.

Knowledge, Skills, and Abilities

• Advanced knowledge of PGE and Western U.S. loads, generation, Renewable Portfolio Standard targets, and transmission links.
• Advanced knowledge of electricity supply and demand drivers, market dynamics, risk and valuation techniques for evaluating resource alternatives.
• Advanced knowledge of resource strategy concepts and considerations for evaluating acquisition opportunities.
• Advanced knowledge of analytical techniques and cost‑modeling theory and practices.
• Advanced knowledge of electric market modeling and forecasting tools.
• Advanced knowledge of applicable statutes, policies, rules, regulations, and codes.
• Advanced skills in using database applications.
• Intermediate skills with programming languages used in the department.
• Advanced analytical, business, decision‑making, enterprise awareness, influence, presentation/facilitation, written and oral communication, and diplomacy skills.

Physical and Cognitive Demands

• Cognitive: consistent use of logic or scientific thinking to define problems, collect information, establish facts and draw valid conclusions.
• Adherence to response times, deadlines and time‑sensitive tasks.
• Ability to follow accuracy standards and decision‑making tasks.
• Interpersonal skills for collaboration and communication under stress.
• Adaptability to frequent change and ability to learn new information consistently.

Schedule / Attendance

• Work long hours, variable schedule.
• Work during severe inclement weather periods.
• Maintain reliable attendance standards for full‑time positions.

Physical Capabilities

• Driving, travel, and commute within service territory as needed.
• Occasional overnight travel inside or outside the territory.
• Regular computer use throughout the shift; office environment.

Compensation

Actual total compensation, including a performance‑based incentive bonus, is commensurate with experience, skills, qualifications, education, training, and internal equity.

EEO Statement

PGE is an equal‑opportunity employer and is committed to fostering a workplace where employees feel connected, valued, and empowered to thrive. PGE will not discriminate against any employee or applicant for employment based on race, color, national origin, gender identity, sexual orientation, age, religion, disability, protected veteran status, or other characteristics protected by law. PGE does not discriminate on the basis of disability and provides accommodations as needed.