Quantitative Analyst, Principal

Requisition ID # 146730

Job Category: Accounting / Finance
Job Level: Manager/Principal
Business Unit: Energy Policy & Procurement
Work Type: Hybrid
Job Location: Oakland

Department Overview
The Energy Policy and Procurement (EPP) organization procures energy-related products and manages PG&E’s policy activities for energy proceedings, actively participating in regulatory and legislative proceedings that craft the design and implementation of state, regional, and federal energy regulations and policy. In addition, EPP is responsible for long-term planning, risk management, and compliance functions related to PG&E’s energy portfolio.

Position Summary
Develops tools and methods to value energy assets and portfolios, analyzes and forecasts energy prices, supply and demand for energy and energy products. Performs sophisticated analysis to support decision-making and regulatory filings. Communicates with internal and external collaborators, orally and in writing, regarding analysis, tools, and methods. Conducts mathematical modeling, data analysis, and computer programming.

This position is hybrid, working from your remote office and your assigned work location based on business need. The assigned work location will be within the PG&E Service Territory.

PG&E is providing the salary range that the company in good faith believes it might pay for this position at the time of the job posting. This compensation range is specific to the locality of the job. The actual salary paid to an individual will be based on multiple factors, including, but not limited to, specific skills, education, licenses or certifications, experience, market value, geographic location, and internal equity. This job is also eligible to participate in PG&E’s discretionary incentive compensation programs.

A reasonable salary range is:
Bay Area Minimum: $132,000.00
Bay Area Maximum: $226,000.00

OR

California Minimum: $125,000.00
California Maximum: $215,000.00

Job Responsibilities

Translates business concerns and issues into appropriate mathematical formulations.

Assesses business implications associated with modeling assumptions, inputs, methodologies, technical implementation, analytic procedures and processes, and advanced data analysis.

Leads development of quantitative models and tools.

Performs research on analytical methods.

Leads Line of Business work streams associated with advanced analytical content.

Prepares and delivers, to internal and external collaborators, oral and written presentations with advanced analytic content.

Represents PG&E at external events and initiatives such as CPUC and CEC workshops, Electric Power Research Institute (EPRI) programs, trade association task forces, and similar forums.

Works with Officers and Directors to support planning and decision making.

Qualifications

Minimum:
Bachelor’s degree in mathematics, physics, engineering or other quantitative field, or equivalent experience

Job-related experience, 8 years

Desired:
Modelling operations and economic performance of energy storage assets – batteries, pumped-storage, hydro, natural gas in a portfolio-wide (CAISO/WECC, etc.) context

Modeling solar (collocated with batteries), wind and “all-types” of conventional (non-renewable) resources

Modelling with stochastic features of tools such as Plexos (Preferred), Aurora, PSSE, GridBright Symphony, PSLF, PROMOD IV or other similar applications

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