New

Principal Asset Management Analyst

Portland General Electric
United States, Oregon, Portland
Jan 17, 2025
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 Asset Management Planning (AMP) Team uses a variety of analytical and statistical techniques to support a data driven and risk-based methodology that provides insight and guidance for PGE's transmission, substation, distribution, and generation assets. The AMP Team identifies, evaluates, and recommends risk-based and reliability improvement capital and operating investments, while serving as subject matter experts (SME) for asset management within PGE. Core activities and areas of focus for the AMP Team include but are not limited to development & implementation of Asset Management Strategies and Plans, business case evaluation, benefits articulation, development of corporate risk, reliability & resilience goals, and support the prioritization of capital investment portfolios. The Asset Management Analyst role is responsible for leading efforts in development of AMP's economic life cycle models and business cases analyses. The responsibility for this position is complex in nature and require a clear understanding of economic principles, high analytical acumen, and strong modeling capabilities. A wide range of projects and topics will be presented in this role including opportunities to develop long-term investment strategies, improve and/or create new business processes, efficiencies, and solutions. This position will work closely with stakeholders across the Generation, Substation, Distribution & Transmission organizations, the AMP Strategy Integrators, and Portfolio Management. The individual in this role will collaborate with subject matter experts to understand a range of factors that impact the performance of PGE's assets in service to our customers and evaluate opportunities improve reliability. Interaction with peer utilities and outside agencies, such as the Oregon Public Utility Commission, may also necessary. Career Level Summary: Principal: Requires specialized depth and/or breadth of expertise Interprets internal or external business issues and recommends best practices Solves complex problems; takes a broad perspective to identify innovative solutions Works independently with guidance in only the most complex situations May lead functional teams or project Responsibilities Specializes in strategic analytics to support Asset Management economic risk modeling, business case evaluation and long-term investment strategy decisions. Economic life-cycle model development and maintenance. Lead the collaboration with team members & subject matter experts to develop, maintain, and recommend improvements to the economic life cycle models and tools. Lead the quality assurance and quality control for the economic life cycle models and tools. Analysis and subject matter expertise Lead analysis of economic life cycle model outputs to evaluate and recommend asset management investment to support near-term and long-term PGE's strategic objectives. Lead and complete complex life cycle cost and risk analyses to support project investment decisions, which may include replacement, rejuvenation, maintenance, and other strategic activities. Lead efforts to develop and perform business case evaluations & portfolio scenarios outlining investment benefits impacting system & customer reliability, safety, compliance, and operational efficiencies. Lead the calculating & reporting of project and portfolio benefits metrics. Serve as an Asset Management & technical economic risk analyses subject matter expert. Be a lead contributor to regulatory & compliance filings, as required. Ensures personal technical work product meets all analytical and procedural requirements, including Oregon Public Utilities Commission (OPUC) and other state and federal requirements. Education/Experience/Certifications Requires a bachelor's degree in business, economics, engineering or related financial or scientific discipline or equivalent experience Principal: Typically, eight or more years in utility or similar energy sector experience in the area(s) of engineering, power operations, economic forecasting, accounting, finance or regulatory affairs or a related field or equivalent combination of education and experience. Knowledge, skills and abilities Expertise in performing and/or strong understanding of the following: Generation, Substation, Transmission and/or Distribution operations and asset management practices. Life-cycle costing Benefit cost and net present value analysis. Implementation / development of economic models. Risk/Probability Analysis/Probability Distributions. Calculating expected value and future outcomes. Self-starter with excellent analytical, problem-solving, and decision-making skills. Expert in Excel, specifically experience in manipulating large datasets and reviewing complex formulas. Excellent ability to collaboratively work with project team and cross-functional team members to apply skills and techniques to solve dynamic problems Excellent written and verbal communication skills. Compensation Range: $104,325.00 - $173,875.00 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 committed to diversity and inclusion in the workplace and is an equal opportunity employer. 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 Talent Acquisition Specialist (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. Our Diversity, Equity & Inclusion (DEI) team is also available for support. You can contact them at dei@pgn.com. 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.