Position Number |
14-3-60-15-209-10137-01 |
Division |
Financial Services |
Location |
Auburn |
Summary Description |
To perform a variety of technical and professional financial analysis and accounting work in the areas of administration of Agency energy risk management, power settlements, general accounting, budgeting and audit.
Unit: MMU Established: 3/15/2018
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Examples of Duties |
The following duties are typical for this classification. Incumbents may not perform all of the listed duties and/or may be required to perform additional or different duties from those set forth below to address business needs and changing business practices:
- Assist in the development, review, monitoring and implementation of the Agency’s Energy Risk Management (ERM) Policy guidelines.
- Perform periodic reviews of risk control processes and procedures for compliance with the ERM Policy, verify the controls are functioning and report any non-compliance.
- Assess and implement controls, procedures and methodologies related to energy risk management for the Agency’s energy transactions and strategies.
- Confirm risk tolerances are consistent with the Agency’s strategic direction for its energy transactions.
- Oversee settlement calculations for the Agency’s sale of power throughout the California Independent System Operator (CAISO) markets, including oversight of the Agency’s settlement support tools and service providers.
- Monitor energy transactions to ensure compliance with Agency and ERM policy, procedures, guidelines and controls.
- Evaluate energy transactions and strategies to identify financial impact and risk exposure.
- Make credit criteria recommendations for counterparties to the Director of Financial Services.
- Administer credit risk compliance with the ERM Policy.
- Review the creditworthiness of Agency counterparties and monitor ongoing financial strength of counterparties.
- Monitor and report on market conditions and regulatory requirements relative to energy risk management and risks for the Agency’s energy portfolio and individual transactions.
- Track and report changes in market products and new regulatory requirements.
- Perform data management, validation and testing of energy transactions.
- Provide technical support related to energy risk management to the Agency management team and staff; provide advice on energy risk and control matters.
- Develop and prepare reports and documentation related to financial and energy risk management activities.
- Research, prepare and/or review comprehensive, technical and complex studies, analyses, data and reports.
- Represent the Agency to outside groups and organizations and participate in outside professional groups.
- Make formal presentations to Agency employees, the management team, the Board of Directors, other organizations and the public.
- May plan, prioritize, assign and review work of technical and office support staff.
- Build and maintain positive working relationships with co-workers, other Agency employees and the public using principles of good customer service.
- Perform related duties as assigned.
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Required Qualifications - Knowledge of |
- A functional working knowledge of the Agency’s power purchase agreements, financial aspects of power systems operations and all aspects of CAISO settlement systems and rules.
- Energy risk management techniques and financial analyses applicable to energy transacting in the CAISO and other energy markets.
- Energy transaction accounting principles.
- Financial instruments applicable to the valuation of energy transactions.
- Applicable California electric regulatory and regional market issues.
- Wholesale energy pricing protocols, techniques and principles.
- Electrical metering methods and terminology.
- Credit evaluation fundamentals and their application to energy marketing.
- Accounting principles and practices.
- Principles of statistics and mathematics.
- Principles and methods of problem definition, analysis and resolution.
- Research and data analysis techniques, technical writing and report preparation.
- Principles and concepts of database management.
- Principles and practices of contract management.
- Presentation methods and concepts.
- English usage, grammar, spelling and punctuation.
- Modern office equipment and the use of word processing, database and spreadsheet applications.
- Principles and practices of customer service.
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Required Qualifications - Ability to |
- Organize and implement energy risk management processes and activities.
- Utilize and implement energy risk management techniques.
- Perform financial, economic and statistical analysis.
- Perform and resolve contractual problems and billing disputes.
- Exercise high-level analytical skills.
- Develop and recommend policies and procedures.
- Make recommendations based on supporting information and data.
- Understand and explain complex regulations, procedures and/or activities related to energy risk management.
- Work effectively as part of a team or independently for collaborative solutions.
- Make formal presentations to a variety of audiences, including the Board of Directors.
- Prepare clear, concise and effective written reports, correspondence and other materials.
- Compile and prepare technical, statistical, and analytical reports.
- Reconcile accounts.
- Analyze complex problems, evaluate alternatives and recommend solutions.
- Read, understand analyze and interpret complex, technical written materials.
- Assimilate data to conceptualize outcomes and risk and make appropriate recommendations.
- Interpret and apply Agency policies, procedures, rules and regulations.
- Establish and execute comprehensive work plans in a timely and competent manner; prioritize work assignments and workload appropriately; and respond to deadlines effectively.
- Manage projects from inception to completion.
- Handle issues and situations involving risk and uncertainty related to energy transactions.
- Work independently.
- Operate a computer using word processing, business software and other office equipment.
- Communicate clearly and concisely, both orally and in writing.
- Establish and maintain effective working relationships with those contacted in the course of work.
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Working Conditions |
- Work is generally performed in an office setting.
- Frequently sit at a desk and in meetings for long periods of time.
- Frequently twist to reach equipment and perform simple grasping and fine manipulation to write and use a keyboard.
- Occasionally lift up to 25 pounds.
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License or Certificate |
Possession and maintenance of a valid California driver’s license and acceptable driving record.
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Experience and Education |
Any combination of education and experience that would likely provide the required knowledge and abilities is qualifying. A typical way to obtain the knowledge and abilities would be:
Experience:
- Five years of increasingly responsible experience in public sector finance, energy or financial risk management.
Education:
- Equivalent to a Bachelor’s degree from an accredited college or university in finance, business administration, economics, mathematics, statistics or other quantitative field.
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