Energy Valuation Senior Specialist

Edison International - Rosemead, CA (30+ days ago)4.1

Are you looking to make a difference in your career? We’re working on smarter grids, cleaner energy and tools to help people manage energy more efficiently.

About Energy Procurement & Management (EP&M)
Energy Procurement & Management (EP&M) ensures that our customers have enough electricity to meet their needs, through the output of SCE-owned generation plants and purchase of electricity from independent generators. We engage in multi-year contracts from both traditional and renewable generators, and conduct day-ahead and real-time trading to serve our customers’ electricity demands.

Position Overview
This position will be in the Portfolio Planning and Analysis department within Southern California Edison’s (SCE) Energy Procurement and Management organizational unit. The successful candidate will report to the Principal Manager of Valuation and Portfolio Analytics, and will work on highly technical, strategic and analytical initiatives and projects, including the evaluation of renewable, preferred and conventional power contracts and financial instruments, energy commodity volatility forecasting, renewable integration studies, and general analytics.

This position will support the development and implementation of analytical models, in addition to executing the evaluation process for all energy procurement activities, including renewable, conventional, transmission and gas. The successful candidate will be responsible for applying the principles of financial engineering, numerical and valuation analysis, fundamental production cost modeling and power flow analysis, Monte Carlo simulation, and optimization techniques to support hedging and procurement decisions. The successful candidate will also have responsibility for regulatory support in the form of subject matter expertise and the preparation of advice letters and testimony in support of cost recovery for energy procurement activities.

Typical Responsibilities:
Collaborates with management on planning and strategy development which guides the company’s long-term participation in gas and electric markets. Communicates strategies, metrics and methodologies throughout the Company and with regulators. Interacts with senior management to explain and consult on the merits and uses of various optimization and analytic options to support the Company’s energy procurement function. Consults with executives and senior managers, business process owners and key stakeholders on matters related to energy procurement analytics, risk assessments, optimization and bid valuation and selection. Implements and supports modeling and analysis used to forecast, plan and reduce customer costs. Analyzes and develops trading/hedging strategies, supports resource planning, performs portfolio optimization and manages market risk.
Applying advanced statistical and mathematical modeling techniques to perform data analysis and forecasting
Maintaining, running, and improving RA capacity price forecasts and price volatility models.
Supporting the valuation and procurement of both conventional and renewable resources.
Supporting SCE’s Price Curve Team, Analytics Team, and other interdisciplinary forums.
Performing risk analysis, conducting the after-the fact analysis, and lending analytical support to regulatory filings, risk management and contract origination. Writing and presenting reports.
Supporting specific projects to optimize SCE’s resource portfolio in the day-ahead energy and ancillary service markets
Solving complex problems and performing analyses of business situations new to SCE and crucial to the success of SCE’s core business
Maintaining a safety conscious work environment by following Edison safety protocols and safe work practices.
Performing other responsibilities and duties as assigned.

Minimum Qualifications
Bachelor’s Degree in Economics, Statistics, Mathematics, Engineering, or a related quantitative field
Five (5) or more years of experience building, analyzing and maintaining complex optimization, econometric, statistical, or dispatch models
Experience in the energy markets or working in a utility commercial/procurement/planning environment
Experience creating complex reports and graphs, converting information from one format to another, and generating reports from business applications/databases
Advanced experience using Microsoft Word, Excel, Access and PowerPoint
Strong ethics, influence and negotiation, leadership, interpersonal skills, communication, and the ability to effectively manage stress and engage in continuous learning
Desired Qualifications
Master's Degree or PhD in statistics, mathematics, financial engineering, economics, operations research, or a similar quantitative discipline.
Over six years of quantitative analytics experience within CA energy markets.
Knowledge of and experience with energy procurement and/or trading systems, energy planning activities, energy portfolio management, energy asset valuation, fundamental modeling, parallel processing and distributed systems.
In depth understanding of the operating rules and regulatory requirements of California energy markets, including knowledge of CAISO, CPUC and FERC
Experience with Unit Commitment, Optimization, and/or Economic Dispatch models.
Advanced knowledge and experience with regulatory policies, methods, and advanced planning/engineering principles.
Ability to integrate work across relevant areas, develop the business and services to enhance customer satisfaction and productivity, manage risks appropriately, develop and execute business plans, manage information, and provide exceptional service to internal and external customers
Advanced experience with all technology and resource types currently operating the CAISO, and familiarity and theoretical understanding of emerging technologies and products, including valuation and operations.
Effective verbal and written communications skills, with demonstrated ability to explain complex technical solutions to a non-technical audience.
Ability to effectively work in a high demand environment.
Ability to make effective decisions that meet business needs while minimizing risk and operating within company policies and all applicable regulations
Candidates for this position must be legally authorized to work directly as employees for any employer in the United States without visa sponsorship.
Relocation does not apply to this position.
This position has been identified as a NERC/CIP impacted position - Prior to being hired, the successful candidate must pass a Personnel Risk Assessment (PRA) or Background Investigation. Once hired, the candidate must complete specified training prior to gaining un-escorted access to assigned work location and performing necessary job duties.
Southern California Edison, an Edison International (NYSE:EIX) company, serves a population of nearly 14 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California. Join the utility leader that is safely delivering reliable, affordable electricity to our customers for over 125 years.

SCE is a proud Equal Opportunity Employer and will not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status or any other protected status.