Sr / Principal Economic Risk Analyst

Portland General Electric; World Trade Center (NY); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Performance-based incentive bonus

Professional development opportunities

Job summary

Portland General Electric is looking for a Senior or Principal Analyst specializing in economic risk modeling to enhance reliability in energy solutions. The role involves analyzing data-driven investment strategies and utilizing advanced analytical skills to inform decision-making.

Ideal candidates will have extensive experience in the energy sector, particularly in economic forecasting and utility operations, and will play a crucial role in strategic investments to ensure reliable service.

Qualifications

• Typically five or more years of utility or similar energy-sector experience.
• Advanced knowledge of the risks and valuation techniques for evaluating resource alternatives.
• Able to communicate and solve problems under stress.

Responsibilities

• Develop economic risk models and perform business-case evaluations.
• Ensure technical work meets analytical requirements.
• Analyze model outputs to recommend investments.

Skills

Analytical thinking

Advanced knowledge of electricity supply and demand

Database applications

Programming languages

Education

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

Tools

Electric market modeling tools

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 has guided us since 1888. We energize lives, strengthen communities, and drive advancements in energy that promote social, economic, and environmental progress. We seek people passionate about leading and being part of teams that develop innovative clean‑energy solutions that are affordable and accessible to all.

Summary: In this role you will lead efforts in reliability‑focused economic life‑cycle risk modeling and business‑case analyses. Using analytical and statistical techniques, the team applies a data‑driven, risk‑based methodology that informs PGE’s transmission, substation, distribution, and generation investment decisions. In collaboration with stakeholders, you will develop risk models that are used to recommend risk‑informed and reliability‑improvement capital investments and optimized maintenance spending. You will also serve as a subject‑matter expert for reliability risk modeling and benefit quantification within PGE.

Career Level Summary

Senior: Requires in‑depth knowledge and experience. Uses best practices and knowledge of internal or external business issues to improve products or services. Solves complex problems; takes a new perspective using existing solutions. Works independently; receives minimal guidance. Acts as a resource for colleagues with less experience.

Principal: Requires specialized depth and/or breadth of expertise. Interprets internal or external business issues and recommends best practices. Solves complex problems; takes a broad perspective to identify innovative solutions. Works independently with guidance in only the most complex situations. May lead functional teams or projects.

Responsibilities

• Specialize in strategic analytics to develop economic risk models, complete business‑case evaluations, and analyze the economics of long‑term investment strategy decisions.
• Develop and maintain economic life‑cycle models and tools, collaborating with team members and subject‑matter experts to recommend improvements.
• Contribute to quality assurance and quality control for economic life‑cycle models and tools.
• Lead documentation of economic life‑cycle models and tools.
• Analyze model outputs to evaluate and recommend investments that support near‑term and long‑term reliability goals.
• Complete complex life‑cycle cost analyses for replacement, rejuvenation, maintenance, and other strategic activities.
• Develop and perform business‑case evaluations and portfolio scenarios outlining benefits such as system and customer reliability, resiliency, safety, compliance, and operational efficiencies.
• Calculate and report project and portfolio benefit metrics.
• Conduct technical economic risk analyses to support regulatory and compliance filings, as required.
• Ensure all technical work meets analytical and procedural requirements, including those of the Oregon Public Utilities Commission (OPUC) and other state and federal authorities.

Qualifications

• Education/Experience/Certifications: Bachelor’s degree in business, economics, engineering, or a related financial or scientific discipline (or equivalent experience). Senior: Typically five or more years of utility or similar energy‑sector experience in engineering, power operations, economic forecasting, accounting, finance, or regulatory affairs (or related combination). Principal: Typically eight or more years of utility or similar energy‑sector experience in similar areas.
• Advanced knowledge of PGE and western U.S. loads, generation, Renewable Portfolio Standard targets, and transmission links.
• Advanced knowledge of fundamental electricity supply and demand drivers, energy market dynamics, and risk and valuation techniques for evaluating resource alternatives.
• Advanced knowledge of resource strategy concepts, analytical techniques, 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 thinking, business acumen, decision‑making, enterprise/business awareness, influence, presentation/facilitation, written/oral communication, and diplomacy skills.
• Physical and cognitive abilities to perform tasks such as driving, traveling, overnight travel, computer use, and working in an office environment.

Physical and Cognitive Demands

Cognitive: Consistent use of logic or scientific thinking to define problems, collect information, establish facts, and draw valid conclusions. Must adhere to set response times, deadlines, accuracy standards, and decision‑making tasks. Must communicate and solve problems under stress, adapt to frequent change, and collaborate with peers, managers, and others. Must demonstrate sound memory and process new information consistently.

Schedule/Attendance: Work long hours, variable schedule, respond during severe inclement weather, and maintain regular attendance.

Physical Capabilities: Driving/travel, occasional overnight travel, computer use, and office work.

Compensation and Benefits

Actual total compensation, including a performance‑based incentive bonus, is commensurate with experience, skills, qualifications, education, training, and internal equity. PGE rewards dedicated performance and provides a total rewards package designed to support well‑being and professional development.

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, gender identity, sexual orientation, age, religion, disability, protected veteran status, or other characteristics protected by law. We support individuals who may need accommodations during the application and interview process. Please contact the recruiter or talent acquisition at [e-mail] for accommodation requests.