Senior Energy Contract Administrator

2 months ago

Bellevue, United States Puget Sound Energy Full time
Job ID:  4796

Location:  Bellevue, WA, US, 98004

Remote and Hybrid Work Opportunities:  Hybrid (WA Based)

Puget Sound Energy is looking to grow our community with top talented individuals like you  With our rapidly growing, award winning energy efficiency programs, our pathway to an exciting and innovative future is now.

PSE's Generation & Natural Gas Storage team is looking for qualified candidates to fill an open Senior Energy Contract Administrator position

Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process.

Job Description

This position will join the Puget Sound Energy team to work with our portfolio of existing and new electric contracts. Over the approximately upcoming seven years, PSE must acquire new renewable and non-emitting resources of approximately 6,700 MW to comply with Washington State's Clean Energy Transformation Act (CETA). This effectively doubles PSE's current owned and contracted generating capacity and is more than PSE has acquired in its 150-year history. The contract administrator role will play an important part of coordinating, evaluating, and working with electric contracts to supply PSE customers with power.

This position analyzes, develops, and prepares electric, supply acquisition, transportation, and storage contracts. Performs economic and statistical analyses of existing electric contracts and contractual opportunities.  Advises and supports PSE's energy supply department in contract administration and compliance, consistent with corporate risk management and corporate policies. Reviews confirmations, financial reports, budgets, and invoices related to existing contracts to ensure compliance with contract terms and conditions. Serves as a liaison with contract counterparties to include managing requests on maintenance, scheduling, metering issues, contract interpretation, etc.

Upholds the safety compliance standards inherent in PSE's operating and/or field procedures related to work responsibilities. Promotes and supports a culture of total safety.

Demonstrates commitment to conduct business honestly, ethically and consistent with our core values and Code of Conduct. Ensures duties are performed in accordance with all regulatory compliance obligations.

Job Responsibilities

  • Assists in the negotiation, management, and administration of electric-related contracts.  Performs analyses to measure risk.
  • Prepares statistical and financial reports for various internal and external stakeholders of existing contracted electric portfolio. Distributes reports to authorized parties or agencies as required.
  • Interprets physical and financial data.  Maximizes cash flow by calculating, analyzing, and verifying compliance of contract provisions. 
  • Resolves energy transaction discrepancies with counterparties by negotiating and implementing mutually acceptable resolutions. 
  • Ensures trade floor transactions and counterparty transaction language is in compliance with the terms of master agreements. Generates and/or validates transaction confirmations agreed to between PSE and counterparties.
  • Acts as primary PSE contact for electric contract counterparties.
  • Establishes and maintains positive relationships with counterparties, industry stakeholders, other organizations, and PSE departments.
  • Serves as a liaison between department and internal and external legal resources.
  • Briefs leadership on issues related to assigned projects.
  • Represents PSE at various stakeholder meetings.
  • Performs economic and statistical analyses of potential electric contract and acquisition projects.
  • Presents findings and recommendations to PSE leadership. 
  • Prepares and files compliance documents with regulators as needed.
  • Facilitates contract dispute resolution.
  • Travels to contracted sites for meetings, and/or site documentation opportunities.
  • Performs other duties as assigned.

Minimum Qualifications

  • Bachelor's degree in engineering, business, economics, related field, or equivalent combination of education and work experience. 
  • Five (5) years of contract related experience.
  • Excellent verbal and written communication, interpersonal, and presentation skills.
  • Skilled in financial and economic analysis techniques.
  • Experience with database administration and design, specifically spreadsheet applications.
  • Willingness to travel.

Desired Qualifications

  • College-level accounting and financial course work.
  • Experience in developing electric contracts.
  • Professional negotiation experience.
  • Contract dispute resolution experience. 
  • Familiarity with energy industry and understanding of electrical and gas terminology related to energy supply contracts.
  • Understanding of basic electrical system including transmission, distribution, and substation systems.
  • Understanding of commodity trading of electrical generation and natural gas. 

Read the full posting.

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