- Salary
- $153k – $237k/yr
- Location
- Monterey, CA, US
- Workplace
- Hybrid
- Department
- Management
- Seniority
- Manager
- Source
- GovernmentJobs
Description
Central Coast Community Energy (3CE) is seeking a driven Manager of Planning and Portfolio Management to join our team! Apply immediately as this posting may close once sufficient applications are received.
Annual Salary Range: $152,941.28 - $236,851.88
FLSA Status: Exempt
Location: Monterey, CA; Soquel, CA; San Luis Obispo, CA; Santa Barbara, CA. Hybrid.
ABOUT THE POSITION:
Under the direction of the Senior Director of Power Services or Director of Power Services, the Manager of Planning and Portfolio Management leads 3CE’s procurement strategy, portfolio planning, valuation, load and price forecasting, position reporting and hedging-policy implementation. The role supervises the front-office planning and procurement-analyst staff and prepares executive, board- and committee-ready decision materials/reports.
This is a front-office management class focused on planning, procurement strategy and portfolio analytics. The role owns the short-term/IST procurement desk and carries an active compliance-assurance responsibility — keeping RA/RPS/REC positions compliant and providing validated assumptions, models and data to Regulatory Affairs — but does not own regulatory filings or final compliance accountability, which reside with Regulatory Affairs.
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.
Duties may include, but are not limited to, the following:- Set procurement strategy and portfolio-management standards consistent with the Energy Risk Management Policy.
- Lead the front-office procurement desk that runs short-term and index/standard-product (IST) solicitations, RFOs and transactions under approved strategy; resource specific long-term origination tasks in support of the Director of Power Supply Resources.
- Supervise the Energy Procurement & Portfolio Analyst, Power Resources Planners and Power Supply Analyst; assign workload and ensure documented backup coverage.
- Lead RA, REC and energy planning; set valuation, hedging and forecasting methodology standards.
- Review position reports, hedge ratios and open-position views; oversee portfolio cost, revenue and risk reporting.
- Ensure the portfolio stays on a compliant trajectory for RA, RPS and REC obligations; validate underlying data and escalate compliance risk early to Regulatory Affairs, which owns the filings.
- Engage early in long-term origination strategy to improve deal quality and portfolio fit.
- Prepare board/RMC-ready narratives and decision support; provide validated assumptions and data packages to Regulatory Affairs.
- Perform related duties and responsibilities as required.
- Wholesale power markets, CAISO structure, and energy/RA/REC products.
- Portfolio management, hedging strategy, valuation and forward-curve concepts.
- Resource adequacy, RPS and integrated resource planning fundamentals.
- Statistical and financial modeling, load and price forecasting, and risk measurement.
- Lead procurement and portfolio strategy and supervise a multidisciplinary analytical team.
- Translate complex portfolio analytics into executive and board decisions.
- Set and enforce valuation, hedging and forecasting standards.
- Communicate effectively in writing, verbally and through presentations.
- Be thorough and detail oriented.
- Apply strong task prioritization, analytical and problem-solving skills.
- Manage multiple priorities and quickly adapt to changing priorities in a fast-paced dynamic environment.
- Work accurately and swiftly under pressure.
- Demonstrate patience, tact and courtesy.
Education and Experience: Any combination of training, education, and experience that provides the knowledge, skills, and abilities to perform the duties of the position is qualifying. A typical way to obtain the required qualifications is:
Education: Equivalent to a bachelor’s degree from an accredited college or university in finance, economics, statistics, engineering, applied mathematics or a closely related quantitative discipline; advanced degree desirable.
Experience: Five (5) or more years of progressively responsible experience in energy procurement, portfolio management, power markets or planning, including supervisory experience.
Highly desirable: CCA or load-serving-entity experience; ETRM and advanced modeling experience; CPUC/CEC/CAISO program familiarity.
License / Certificate Requirements: A valid California Driver’s license and an acceptable driving record may be required.
Physical Demands and Working Conditions:
Office environment with extended computer use; periodic work outside standard hours around procurement and budget cycles.
Reasonable accommodation will be made for qualified individuals with disabilities.
3CE RESERVES THE RIGHT TO CLOSE THIS RECRUITMENT AT ANY TIME BASED ON THE NUMBER OF APPLICANTS.
HYBRID WORK SCHEDULE AS DESIGNATED BY CEO: Current remote workdays are scheduled on Mondays and Thursdays OR Employee may elect to work a 9/80 work schedule with alternating Fridays or Mondays 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, and the 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 towards HRA.
HEALTH & WELLNESS: 3CE contributes $1,000 per fiscal year for health, wellness, or EV reimbursement.
DEFERRED COMPENSATION: 3CE offers 457 deferred compensations.
PTO: 180 hours annually on an accrual basis per pay period.
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 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.
