Puget Sound Energy

Principal Financial Analyst - Energy Risk Control, Analytics & Credit

LocationBellevue, WA
Job TypeFull-time

About This Job

Puget Sound Energy is looking to grow our community with top talented individuals like you! With our rapidly growing, award winning energy efficiency programs, our pathway to an exciting and innovative future is now.

PSE's Enterprise Risk Management team is looking for qualified candidates to fill an open Principal Financial Analyst - Energy Risk Control, Analytics & Credit position!

Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process.


Job Description

Performs the quantitative and qualitative analyses related to the production of short-, mid- and long-term financial plans for PSE and its parent companies, as well as analytics associated with resource additions, corporate performance drivers and various strategic initiatives. Leads the development of interdepartmental consensus on analytical assumptions and approaches leveraged for financial planning purposes.

Upholds the safety compliance standards inherent in PSE’s operating and/or field procedures related to work responsibilities. Promotes and supports a culture of total safety.

Demonstrates commitment to conduct business honestly, ethically and consistent with our core values and Code of Conduct. Ensures duties are performed in accordance with all regulatory compliance obligations.


Job Responsibilities

Performs daily transaction audit, identify material changes, verify and correct discrepancies and monitor remediation as necessary.
Performs analysis of margin accounts and distributes EOD collateral forecasts.
Monitors daily credit exposures, notify traders when the thresholds are being approached and address limit or restriction exceedances by formulating appropriate mitigation plans.
Monitors counterparty credit health in real-time and address any material deteriorations.
Oversees the annual credit reviews process and conducts more complex reviews as needed.
Conducts ad-hoc credit reviews of new counterparties as necessary which may originate from transmission or resource planning initiatives.
Leads effort to continuously improve the credit assessment models and processes.
Works with external vendors and IT to troubleshoot issues related to credit models and ETRM systems.
Works with internal and external stakeholders to collaborate on resolving issues, developing policy and drafting framework documentation.
Builds ad-hoc reports in Excel per the team’s needs and management direction.
Acts as a liaison between the Mid-office and trading on credit related issues.
Ensures daily transactions are confirmed and all tracking spreadsheets are updated in an accurate, timely and reliable manner, meeting SOX requirements.
Works with legal counsel in the negotiations of new enabling agreements and contract novations.
Performs other duties as assigned.


Minimum Qualifications

Bachelor’s Degree in Business, Finance, Accounting or related field and/or equivalent experience with progressively increasing level of responsibility
5+ years in finance roles with progressively increasing levels of responsibility
Excellent communication, writing and presentation skills with the ability to interface effectively with all levels of management
Ability to work effectively without direct supervision in a fast paced, stressful, and multitasking environment


Desired Qualifications

Master's Degree in a quantitative field or MBA
Applicable Finance Certification (CFA, CPA, CTP)
5+ years of experience in the gas and/or electric industry
Demonstrated ability to manage multiple projects and create capacity
Ability to adapt and react to unforeseen business decisions and situations
Experience leading and delivering projects under tight deadlines


Additional Information

At PSE we value and respect our employees and provide them opportunities to excel. We offer a competitive compensation and rewards package.

The pay range for this position is $91,100.00 - $151,600.00, and this position is eligible for annual goals based incentive bonuses.

PSE offers a suite of benefits to our employees. Employees are eligible for medical, dental, vision, basic life, and short- and long-term disability insurance. There are additional voluntary options of supplemental life insurance, accidental death and dismemberment insurance, flexible spending accounts for health care and dependent daycare, and an Employee assistance program (EAP). For long term savings, PSE offers a 401(k) investment option and a cash balance retirement plan. Employees will also receive Paid Time Off (PTO) and Paid Holidays throughout the calendar year. Detailed benefit overviews can be found on our Career page - Why Work For Us (pse.com) .

Families and businesses depend on PSE to provide the energy they need to pursue their dreams. Our steadfast commitment to serving Washington communities with safe, dependable and efficient energy started in 1873. Today we're building the Northwest's energy future through efforts like our award winning energy efficiency programs and our leadership in renewable energy.

Puget Sound Energy is committed to providing equal employment opportunity to all qualified applicants. We do not discriminate on the basis of race, color, religion, sex, national origin, age, sexual orientation, gender identity, marital status, veteran status or presence of a disability that with or without reasonable accommodation does not prevent performance of the essential functions of the job, or any other category prohibited by local, state or federal law.

Should you have a disability that requires assistance and/or reasonable accommodation with the job application process, please contact the Human Resources Staffing department at jobs@pse.com or 425-462-3017.

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