What are the responsibilities and job description for the Senior Energy Risk Analyst position at Central Coast Community Energy?
If you’re ready to take the next step and make a significant impact in the energy industry, we want to hear from you! Apply now and help us navigate the future of energy.
ABOUT THE POSITION
Under the direction of the Manager of Energy Risk, the Senior Energy Risk Analyst is responsible for assisting in developing and performing a broad spectrum of quantitative analyses in support of 3CE’s middle office group relating to procurement functions.
This is the first level in the Energy Risk Management series. The Senior Energy Risk Analyst level is dependent on the scope and complexity of the assignment. Positions assigned to Senior Energy Risk Analyst are performing duties of moderate scope and complexity. This level may also be used as an entry class for a position that is designated as a Manager of Energy Risk in which case an incumbent may be promoted to that level once the experience and qualifications are met. The Senior Energy Risk Analyst is distinguished from the Manager of Energy Risk in that the latter performs a highly complex set of duties with a broader scope of responsibility and may fully supervise support and technical staff and serve as lead to the Senior Energy Risk Analyst.
IDEAL CANDIDATE
The successful candidate will bring a mix of technical data science acumen, the ability to work independently, when necessary, a passion for building solutions and streamlining processes, a commitment to data-driven decision-making, and a deep interest in 3CE’s Mission.
ABOUT US!
3CE is a Community Choice Aggregation agency established by local communities to source clean and renewable electricity at responsible rates for more than 1.2 million residential, commercial, and agricultural customers throughout Monterey, San Benito, Santa Cruz, San Luis Obispo, and Santa Barbara counties. 3CE is locally controlled and governed by board members who represent the communities served by the agency.
3CE is committed to reducing greenhouse gas emissions through local control of utility-scale renewable electricity generation, investment in new renewable power projects, and the implementation of innovative energy programs that facilitate the electrification of transportation and the built environment. 3CE promotes long-term electric rate stability and energy security while reducing reliance on fossil fuels and stimulating the local economy.
Essential Duties (including but not limited to)
- Design, program, modify, and operate systems for measuring, monitoring, and reporting financial risk from power supply positions, consistent with 3CE’s Risk Management Policies adopted by the Board.
- Prepare for, and lead 3CE’s monthly risk management committee meetings.
- Calculating Value at Risk, Mark to Market, Gross Margin at Risk, PPA valuation, and other risk metrics.
- Support analysis on integrated resource planning activities.
- Interactions with third-party energy technology providers.
- Provide technical and/or analytic input on regulatory matters.
- Balance open collateral and margin positions with counterparties and the CAISO.
- Review market price volatility curves and correlation assumptions for risk modeling.
- Utilize portfolio optimization techniques to enhance REC, Resource Adequacy, and Energy hedge strategies.
- Perform other duties as assigned.
Minimum Qualifications
Knowledge of:
- Knowledge of California energy markets and energy products, energy trading and trade capture processes, and standard risk management policies and strategies.
- Knowledge of the CAISO and western power markets.
- Knowledge of VaR, options valuation, and risk management methodologies.
- Strong technical analytic skills:
- Passion for contributing to the success of community choice aggregation in California.
Ability to:
- Ability to apply understanding abstract theory in a focused, practical manner to develop and implement effective solutions to real-world problems.
- Ability to quickly familiarize oneself with industry fundamentals.
- Ability to organize thoughts and clearly explain work to others orally and in writing.
- Ability to interact with all levels of management in a professional and team-building manner.
- Understanding regulatory requirements and opportunities including the California Public Utilities Commission (CPUC), California Energy Commission (CEC), the California Independent System Operator (CAISO), as well as others.
- Manage multiple priorities and adapt to change within a fast-paced business environment.
Education: Bachelor’s degree from an accredited college or university in Finance, Statistics, Accounting, Computer Science, Applied Mathematics, Data Science, Engineering, Economics, or related field.
And
Experience: At least two (2) years of experience in energy analysis, modeling and energy risk management reporting
Highly Desirable: Experience at an electric utility, Community Choice Aggregation program or in a closely related field is highly desirable.
License/Certificate Requirements: Due to the performance of some field duties, which may require the operation of a personal or agency vehicle, a valid California Driver's license and an acceptable driving record are required.
Additional Requirements: This position may involve working nights, weekends, and holidays as needed. Additionally, occasional overnight travel may be required.
3CE RESERVES THE RIGHT TO CLOSE THIS RECRUITMENT AT ANY TIME BASED ON THE NUMBER OF APPLICANTS.
HYBRYID WORK SCHEDULE AS DESIGNATED BY CEO: Current remote workdays are scheduled on Monday's and Thursday's OR Employee may elect to work a 9/80 work schedule with alternating Friday's or Monday's off.
BENEFITS: 3CE offers a competitive benefits structure to its full-time employees.
RETIREMENT- Employees contribute 10% of their salary on a pre-tax basis towards the PARS retirement system. Employer contributes 10% towards PARS.
HEALTH INSURANCE- 3CE pays 90% employer paid coverage for employee plus family coverage. 100% employer paid for single coverage towards medical, dental, and vision. 3CE contributes up to $2400 annually towards flexible spending benefits and $3600.00 towards HRA.
HEALTH & WELLNESS- 3CE contributes $1,000 per fiscal year for health, wellness and EV reimbursement.
DEFERRED COMPENSATION- 3CE offers 457 deferred compensations.
PTO- Accrued by tenure. 160 hours cap.
CELL PHONE ALLOWANCE- This position is eligible for a cell phone allowance of $50.00 monthly.
APPLICATION AND SELECTION PROCESS:
To be considered for this exciting opportunity, please submit a cover letter and resume via www.governmentjobs.com. Candidates who fail to submit a complete application packet by the filing deadline will not be considered or move forward in the selection process.
3CE is not responsible for the failure of internet forms and/or email transmission in submitting your application packet.
Candidates who require special accommodations in any phase of the selection process should notify Alicia Hicks, Director of Human Resources and Administrative Services via email at ahicks@3ce.org
Salary : $106,094 - $112,459
