Settlements - Financial Risk Analyst/Senior Financial Risk Analyst_

Tualatin

At PGE, our work involves dreaming about, planning for, and realizing a smarter, cleaner, more enduring Oregon neighborhood. Its 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’re always on the lookout for people passionate about leading and being a part of teams that are advancing innovative clean energy solutions that are also affordable and accessible to all.

**Summary/Job Function**

The Settlements Analyst will be responsible for settling commodity transactions for various Counterparties which involves resolving data issues. Provide support in the settlement of all revenue agreements and power purchase agreements including resolution of disputes, interacting with the contracts team to obtain consensus of contractual interpretations, establishing recommendations and conclusions based on analysis of complex data and monitoring and providing technical direction to aid in settling disputes. Assist with analyzing and improving the settlements process, including designing metrics for measuring group performance.

Develops and implements controls and cost-effective approaches to minimize the organization's financial risks. Working and communicating with various customers and internal key groups to compile and analyze data. Manages the approval and maintenance of vendor/counterparty settlements agreements and invoicing activities.

**Career Level Summary**

Career Level: Financial Risk Analyst

Intermediate: Requires expanded professional-level knowledge and experience in own area; incumbents continue to acquire higher-level knowledge and skills

+ Expands on high-level knowledge of the company, processes and customers

+ Solves a range of more complex problems

+ Analyzes possible solutions using advanced knowledge and applying protocols

+ Operates independently and receives only a moderate level of guidance and direction

+ May support data requests

+ May support and participate cross departmental collaboration or process improvements

Career Level: Senior Financial Risk Analyst

Career: 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 liaison lead/and or consulting resource for Settlements middle office operations

+ Lead and facilitate complex cross departmental collaboration or process improvements and demonstrate ability to lead multiple special projects and/or activities designed to resolve pain points

**Key Responsibilities**

Financial Risk Analyst, Settlements:

**Billing** : Generating Counterparty invoices/remittances for bilateral power, financial swaps, renewable energy credits, transmission, and fuel in accordance with contractual terms. Contacting counterparties to timely resolve billing discrepancies or follow up with past due accounts receivables. Researches, analyzes, and resolves transaction data corrections.

**Risk Analysis:** Conducts analyses and develops reports; provides data and supports the review and validation of financial risk analysis decisions.

**Regulatory Analysis:** Provides data and reporting for various regulatory analyses and compliance requirements; advises other departments of risk management policies and regulations.

**Data Management Tools:** Ensures the integrity of data in systems used. Notifies appropriate parties of data and software issues encountered.

**Contracts Administration:** Identify and translate contractual agreement between energy buyers and sellers as it relates to the Settlements activities. Provide feedback as needed for project approval summary and system deal testing.

Senior Financial Risk Analyst, Settlements:

**Billing** : Generating Counterparty invoices/remittances for bilateral power, financial swaps, renewable energy credits, transmission, and fuel in accordance with contractual terms. Contacting counterparties to timely resolve billing discrepancies or follow up with past due accounts receivables. Researches, analyzes, and resolves transaction data corrections.

**Risk Analysis:** Conducts analyses and develops reports; provides data and supports the review and validation of financial risk analysis decisions.

**Regulatory Analyses:** Leads reporting efforts for regulatory analyses and compliance requirements; advises senior leadership of risk management

**Data Management Tools:** Ensures the integrity of data in systems used. Notifies appropriate parties of data and software issues encountered.

**Contracts Administration:** Identify and translate contractual agreement between energy buyers and sellers as it relates to the Settlements activities. Provide feedback as needed for project approval summary and system deal testing.

**Audit Support** : Interface with auditors to provide information and support/ walkthrough as requested.

**Continuous Process Improvements** : Lead the Settlements team in the analysis and measurement of the effectiveness of existing processes and develops business process improvements. Researches and implements best business practices.

**Qualifications**

Financial Risk Analyst

**Education:** Requires a bachelor’s degree in accounting, finance, economics or other related field or equivalent experience

**Experience:** Typically two or more years in related field

Senior Financial Risk Analyst

**Education:** Requires a bachelor’s degree in accounting, finance, economics or other related field or equivalent experience

**Experience:** Typically five or more years in related field

**Competencies**

**Functional Competencies**

Financial Risk Analyst/Senior Financial Risk Analyst

Intermediate/Advanced knowledge of risk management concepts including claims, insurance and loss prevention, credit analyses and security interests

Strong working knowledge of financial analysis and valuation

Working knowledge of SOX (Sarbanes-Oxley Act) and compliance requirements

Advanced Excel skills and financial modeling experience

Proficient on MS Word, Excel, Access, Power Point, etc.

Intermediate knowledge of relevant software tools and report generator applications

Working knowledge of electrical system operations

Intermediate/Advanced financial modeling skills and experience using Microsoft Excel

**General Competencies**

Financial Risk Analyst/Senior Financial Risk Analyst

Working/Intermediate knowledge of enterprise/business acumen

Working/Intermediate problem-solving skills

Intermediate/Advanced written and oral communication skills

Intermediate organization and prioritization skills

Working/Intermediate analytical thinking skills

**Physical, Schedule/Attendance and Cognitive Demands**

**Cognitive Level:**

Financial Risk Analyst: Intermediate - Consistent use of relevant principles to solve practical problems and to deal with a variety of concrete variables in situations where only limited standardization exists

Senior Financial Risk Analyst: Substantial - Consistent use of logic or scientific thinking to define problems, collect information, establish facts, and draw valid conclusions

**Cognitive:**

Ability to adhere to set response times, deadlines and time-sensitive tasks

Ability to follow accuracy standards

Ability to follow through on decision-making tasks

Ability to interact effectively and collaboratively within a team environment

Ability to communicate and problem solve when under stress

Ability to respond and adapt to frequent change

Ability to accept and demonstrate self-awareness when provided constructive feedback

Ability to discern feedback and acknowledge ownership of areas of improvement

Ability to avoid future mistakes by applying reasonable skills to new but similar work situations or tasks

Ability to successfully collaborate with peers, managers and others within the organization

Demonstrates sound memory

Ability to process new information to be applied consistently to work tasks

**Schedule/Attendance:**

Ability to work long hours

Ability to work a variable schedule

Ability to report to work and perform work during periods of severe inclement weather

Ability to consistently meet attendance standards for regular, reliable, predictable, full-time attendance

**Physical Capabilities:**

Driving/Travel/Commute

Daily within service territory

+ Frequently (one to two times a month or less)

Overnight inside/outside the service territory

+ Occasionally (one to two times a month or less)

Computer Use

+ Use computer regularly for the entire work shift

**Environment:**

Office Environment

Hybrid – 3 days onsite, 2 days WFH

\#LI-BJ1, **\#LI-Hybrid** , **\#LI-Onsite**

Compensation Range:

$72,900.00 - $145,375.00

Actual total compensation, including a performance based incentive bonus, is commensurate with experience, skills, qualifications, education, training, and internal equity. While we anticipate the selected candidate for this position will fall towards the middle or entry point of the compensation range, the decision will be made on a case-by-case basis.

PGE believes in rewarding dedicated performance. We provide a total rewards package that is designed to reward your contributions to the company, and, at the same time, support your well-being and professional development, both now and into the future. To find out more, click here (om/hrcs5511) .

**Join us today and power your potential!**

Assisting with storms or other Company emergencies is a part of all positions at Portland General Electric.

PGE is committed to diversity and inclusion in the workplace and is an equal opportunity employer. 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.

PGE does not discriminate on the basis of disability. We recognize individuals have a variety of abilities to offer and we believe there is much to value and celebrate by incorporating different abilities into the work we do. One very important way we live this out is in our application and interview process. We work hard to support individuals who may need an accommodation to fully participate in these processes. If you feel you may need an accommodation, or would like to request one, please notify the Talent Acquisition Specialist (Recruiter) associated with the job posting. You may also make this request by contacting [email protected] or by calling 503-464-7250. The Recruiter will provide information and next steps for the accommodation process. Our Diversity, Equity & Inclusion (DEI) team is also available for support. You can contact them at [email protected] .

To be considered for this position, please complete the following employment application by the posting close date. Posting closes at midnight (Pacific Time) on the closing date below. If no date is listed, job is open until filled.

At Portland General Electric, we’re innovators, builders, and achievers. We’re committed to powering our customers’ potential and making a difference for our community and the planet. Today, that commitment includes developing an intelligent and resilient electric grid, electrifying transportation and de-carbonizing the energy sector.

We’re proud to deliver an exceptional experience to help our customers thrive. Our mission is to make clean, reliable and affordable energy services available to all. We obsess over serving customers and are committed to growing employee career paths with purpose. Equity and inclusion are core business values; we celebrate our differences and are committed to developing teams that reflect the communities we serve.