Senior Medical Analyst

4 weeks ago


Bellevue WA, United States Puget Sound Energy Full time

Job Summary

Puget Sound Energy is seeking a highly skilled Senior Medical Analyst to join our team. As a Senior Medical Analyst, you will be responsible for the development, maintenance, and operation of quantitative models for energy portfolio analysis, risk measurement, and energy cost forecasting.

Key Responsibilities

  • Develop and maintain quantitative models for energy portfolio analysis, risk measurement, and energy cost forecasting.
  • Provide analytical support to the origination team, including financial analysis, economic valuation of projects and PPAs, and financial structuring.
  • Provide data-driven insights to support asset optimization, risk management strategies, and clean energy procurement decisions.
  • Analyze PSE's resource portfolio, commodity transactions, and market and financial data to provide input to the clean energy procurement and hedging strategy.
  • Perform market risk analytics and exposure measurement and develop and communicate risk reports to Management.
  • Facilitate PSE's model risk management program, including model inventory, documentation, and adherence to validation schedules.
  • Uphold the safety compliance standards inherent in PSE's operating and/or field procedures related to work responsibilities.
  • Ensure duties are performed in accordance with all regulatory compliance obligations.
  • Provide analytical support to effectively negotiate PPAs and evaluate bids submitted to PSE Front Office voluntary RFPs.
  • Collaborate with originators, operations, trading, risk control, finance and regulatory teams.
  • Forecast energy supply costs and prepare reports to support financial planning and regulatory filings.
  • Maintain up-to-date knowledge of the region's energy supply resources and operations and understand the impact of external factors on energy availability and commodity prices.
  • Support WUTC rate case filings by preparing testimony and responding to (and initiating) data requests from external stakeholders.
  • Maintain knowledge of portfolio risk exposure methods and calculations, including emerging techniques.
  • Perform stress testing and sensitivity analyses on the energy portfolio and counterparty credit.
  • Report portfolio positions and risk management metrics, including market and credit risks.
  • Communicate the impact of new and potential transactions and asset acquisitions on the risk profile of the energy portfolio.
  • Develop and maintain model documentation consistent with policies governing control over model inputs and outputs, data integrity, quality, and security.
  • Perform ad hoc analysis and other duties as assigned.

Requirements

  • Bachelor's degree in a relevant field.
  • Minimum 4 years work experience, preferably as a quantitative analyst in the energy industry.
  • Proficiency with quantitative methods and concepts, including regression analysis, Monte Carlo simulations, scenario analysis, and stress testing.
  • Experience with financial analysis and familiarity with accounting principles.
  • Advanced skills in MS Office, especially Excel, including proficiency in writing macros and queries.
  • Excellent communication, writing, and presentation skills.
  • Self-starter with the ability to work effectively without direct supervision in a fast-paced, stressful, and multitasking environment.
  • Master's degree in a quantitative field.
  • Hands-on experience building and operating quantitative models.
  • Programming experience in Python, R, SQL, MATLAB, or similar.
  • Experience with production cost modeling software, such as Plexos, Aurora, GenTrader, PROMOD.
  • Knowledge of portfolio risk management principles.
  • Familiarity with regulated utility rate cases and state regulatory agencies/public utility commissions.

What We Offer

Puget Sound Energy is committed to providing equal employment opportunity to all qualified applicants. We offer a competitive salary and benefits package, including medical, dental, vision, basic life, and short- and long-term disability insurance. We also offer additional voluntary options, such as supplemental life insurance, accidental death and dismemberment insurance, flexible spending accounts for health care and dependent daycare, and an Employee Assistance Program (EAP). For long-term savings, we offer a 401(k) investment option and a cash balance retirement plan. Employees will also receive Paid Time Off (PTO) and Paid Holidays throughout the calendar year.



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