Energy Risk Manager OR Energy Risk Analyst at Central Coast Community Energy – Soquel, California

Central Coast Community Energy (3CE) is seeking an Energy Risk Manager OR Energy Risk Analyst to join our team!

Apply immediately as this position will close once sufficient applications are received.

Are you ready to take your energy career to the next level at an agency recognized as a Great Place to Work?
Central Coast Community Energy (3CE) is seeking a skilled and motivated Energy Risk Manager OR Energy Risk Analyst to join our team of professionals committed to delivering carbon-free energy to over 1.2 million customers across California’s Central Coast.

ABOUT THE POSITION:
The recruitment will be filled as either an Energy Risk Manager or Energy Risk Analyst. This will be determined based on the agency's needs. Please ensure to indicate based on your qualifications which position you are applying for in the supplemental questionnaire on your application.

Both positions report to the Director of Energy Risk.

SALARY INFORMATION:

Energy Risk Analyst: $92,312.00 - $142.018.00

Energy Risk Manager: $128,211.00 - $197,247.00

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.

Examples of Duties for Energy Risk Analyst:

• Assist in designing, programing, modifying, and operating systems for measuring, monitoring, and reporting financial risk from power supply positions, consistent with 3CE’s Risk Management Policies adopted by the Board.
• Assist in 3CE’s monthly risk management committee meetings.
• Develop an understanding of calculating Value at Risk, Mark to Market, Gross Margin at Risk, PPA valuation, and other risk metrics.

• Support analysis on integrated resource planning activities.
• Assist in providing technical and/or analytic input on regulatory matters.
• Perform other duties as assigned.

Examples of Duties for Energy Risk Manager:

• Manage the tools and develop analytics necessary to measure, monitor, and forecast key portfolio risks, including but not limited to market risk, liquidity risk, volumetric risk, counterparty risk, and model risk, consistent with 3CE’s Energy Risk Management Policies.
• Lead 3CE’s monthly energy risk management committee meetings.
• Act as primary author of 3CE’s Board-adopted Energy Risk Management Policy.
• Maintain and enhance load forecasting model to support forecasting of energy revenues and cost of energy, along with managing energy product positions.
• Manage the monthly collateral requirements associated with counterparty risk.
• Develop natural gas and power market analytics to support risk management.
• Develop, manage, and enhance recurring and ad hoc risk reports.
• Support portfolio and transaction valuation from a risk perspective.
• Support financial forecasting and budgeting with risk assessments on cost of energy.
• Support quantitative modeling across the Finance, Power Supply and Data & Analytics teams.
• Manage relationships with internal and external clients along with consultants.
• Perform related duties as assigned.

Energy Risk Analyst:

Knowledge of:

• Community choice aggregation in California
• Strong analytical and quantitative skills
• Basic Microsoft Skills
• Basic business acumen
• Basic accounting practices

Ability to:

• Ability to apply understanding abstract theory in a focused, practical manner to develop and implement effective solutions to real-world problems.
• Ability to quickly familiarize oneself with industry fundamentals.
• Ability to organize thoughts and clearly explain work to others orally and in writing.
• Ability to interact with all levels of management in a professional and team-building manner.
• Work collaboratively in a team environment
• Gain the basic knowledge of energy markets and commodities

• Manage multiple priorities and adapt to change within a fast-paced business environment.

Energy Risk Manager:
Knowledge of:

• Working knowledge of energy market risk and modeling metrics and techniques, such as VaR, CFaR, and stress testing. Understanding of option greeks is highly desirable.
• Working knowledge of power & gas markets. Knowledge of CAISO markets is highly desirable.
• Working knowledge of power industry structures such as Power Purchase Agreements (PPAs).
• Experience with structured transactions, such as tolls, and with options is highly desirable.
• Understanding of probability, machine learning, stochastic techniques, and ability to apply them to the energy industry.
• Ability to develop scenario stress testing to measure portfolio risk and exposure.

Ability to:

• Communicate effectively with various levels of staff, Board members and external vendors.
• Deliver results and influence decision-making when collaborating with colleagues and counterparties.
• Research, analyze and interpret complex data; reach conclusions and make recommendations.
• Define problem areas and evaluate, recommend, and implement alternative solutions to complex issues and problems.
• Be detail oriented and manage multiple projects in a fast-paced environment.
• Work independently
• Promote teamwork, a positive work environment, and collaborative problem solving.
• Work effectively in a fast-paced environment, including willingness to occasionally work outside normal business hours to meet deadlines.
• Use tact, initiative, prudence, and independent judgment within general policy, procedural, and legal guidelines.

Education and Experience:

Energy Risk Analyst:

Any combination of training, education, and experience that provides the knowledge skills, and abilities to perform the duties of the position is qualifying.

Education: Associates degree or higher from an accredited college or university in Accounting, Business, Economics, Engineering, Finance or a related field

OR

Experience: One (1) year of relevant work experience, or equivalent combination of education and experience in the energy industry or as an intern in the energy or utilities industry.

Energy Risk Manager:

Any combination of training, education, and experience that provides the knowledge skills, and abilities to perform the duties of the position is qualifying.

Education:
Bachelor’s degree from an accredited college or university in finance, statistics, data science, mathematics, physics, engineering, or economics, or related field.

OR

Experience:
A minimum of three (3) years of relevant work experience or equivalent combination of education and experience in energy risk management in a professional environment.

Additional Requirements: This position may involve working nights, weekends, and holidays as needed. Additionally, occasional overnight travel may be required.

3CE RESERVES THE RIGHT TO CLOSE THIS RECRUITMENT AT ANY TIME BASED ON THE NUMBER OF APPLICANTS.

HYBRYID WORK SCHEDULE AS DESIGNATED BY CEO: Current remote workdays are scheduled on Monday's and Thursday's OR Employee may elect to work a 9/80 work schedule with alternating Friday's or Monday's 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. 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 $3600.00 towards HRA.

HEALTH & WELLNESS- 3CE contributes $1,000 per fiscal year for health, wellness and EV reimbursement.

DEFERRED COMPENSATION- 3CE offers 457 deferred compensations.

PTO- Accrued by tenure. 160 hours cap.

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 by the filing deadline 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. Candidates who require special accommodations in any phase of the selection process should notify Alicia Hicks, Director of Human Resources and Administrative Services via email at ahicks@3ce.org