Settlements Risk Analyst

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

The Settlements Analystwill beresponsible for settling commodity transactions for various Counterpartieswhichinvolves resolving data issues. Provide support in the settlement of allrevenue agreements andpower purchase agreements including resolution of disputes, interacting withthe 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 process 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 P2, Grade A06: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

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.

Qualifications

• 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

Competencies

Functional Competencies

• 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

• 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:

• 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

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

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Compensation Range:

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.

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 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.

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 Recruiter associated with the job posting. You may also make this request by contacting talentacquisition@pgn.comor by calling 503-464-7250. The Recruiter will provide information and next steps for the accommodation process.

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.