Commercial Acquisition Manager - Solar & Storage

Puget Sound Energy • Bothell, WA

15d • $124,600 - $207,400

About The Position

Puget Sound Energy's New Product Development team is looking for qualified candidates to fill an open Commercial Acquisition Manager - Solar & Storage position. This role leads and coordinates all commercial functions, including negotiations, project oversight, cross functional team management, and management approval in the acquisition, divestiture and restructuring of Distributed Energy Resources, specifically Solar PV and Battery Energy Storage Systems (BESS). The position develops and implements acquisition/divestiture strategies, evaluates potential transactions and shepherds the transaction through commercial negotiations and closing. Further, it represents all of PSE's interests in commercial development agreements with outside parties. The role also upholds safety compliance standards inherent in PSE’s operating and/or field procedures related to work responsibilities and 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.

Requirements

• Bachelor’s degree in engineering, finance, economics, business administration, or equivalent combination of education and/or work experience; plus 7 years relevant work experience.
• Five (5) years increasing responsibility in the utility, oil, gas, or independent power sector and experience in project development or commercial acquisitions.
• Strong business and financial analytical skills with capability to analyze a wide array of business challenges.
• Demonstrated experience and ability to lead and influence cross-functional teams and stakeholders.
• Excellent verbal and written communication skills, including ability to contemporaneously document evaluation, due diligence and negotiation initiatives for later prudence purposes.
• Ability to understand complex financial pro-formas and provide direction to analytical staff.

Nice To Haves

• MBA or related post graduate degree.

Responsibilities

• Leads the energy and capacity resource acquisition RFP (request for proposal) process to procure solar PV and BESS, which includes due diligence reviews of potential transactions including financial feasibility analyses, engineering review, operations review, environmental review, legal review and real estate review.
• Oversees and leads negotiations of business deals critical to PSE's corporate growth strategy, including acquisitions and development of energy and capacity projects through Power Purchase Agreements (PPAs), tolling agreements, build and transfer agreements, O&M agreements, and service agreements.
• Ensures that all conditions are met related to deal closing and that transaction is successfully closed.
• Supports regulatory affairs in demonstrating prudence of transaction as needed, including preparing and providing testimony in WUTC rate cases.
• Manages external vendors setting scope, providing direction and approving work.
• Performs other duties as assigned.

Benefits

• medical, dental, vision, basic life, and short- and long-term disability insurance.
• supplemental life insurance
• accidental death and dismemberment insurance
• flexible spending accounts for health care and dependent daycare
• Employee assistance program (EAP)
• 401(k) investment option
• cash balance retirement plan
• Paid Time Off (PTO)
• Paid Holidays

What This Job Offers

• Job Type: Full-time
• Career Level: Senior