Development Manager - Renewables

Puget Sound Energy • Bellevue, WA

11d • $124,600 - $207,400

About The Position

Puget Sound Energy is hiring a Development Manager for its Energy Resource Development team. The position leads the commercial development and execution of strategic energy infrastructure investments—including acquisitions, joint ventures, partnerships, and self-build projects involving generation, transmission, distribution, and real estate assets. The manager identifies and advances investment opportunities, directs due diligence, secures management approvals, and negotiates transactions that support PSE's growth and resource-planning objectives.

The role leads cross-functional teams from legal, engineering, finance, regulatory, environmental, and operations, and represents PSE commercially with developers, investors, utilities, governmental agencies, and other stakeholders. It drives negotiations, manages risk, maximizes value, and supports delivery of critical energy infrastructure projects. The position also upholds applicable safety and regulatory compliance standards and PSE's Code of Conduct.

The manager leads development of generation self-build opportunities and transmission projects, overseeing or creating financial feasibility analyses, engineering and operational plans, environmental strategies, legal review, and real estate review. The role leads negotiations and transaction closing, supports regulatory prudence demonstrations including testimony in WUTC rate cases, maintains knowledge of separation-of-functions governance requirements, and manages external vendors.

Requirements

• Bachelor's degree in engineering, finance, economics, business administration, or an equivalent combination of education and/or work experience.
• At least 7 years of relevant work experience.
• At least 5 years of increasing responsibility in the utility, oil, gas, or independent power sector, with experience in project development or commercial acquisitions.
• Strong business and financial analytical skills and the capability to analyze a wide array of business challenges.
• Demonstrated ability to lead and influence cross-functional teams and stakeholders.
• Excellent verbal and written communication skills, including the 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 postgraduate degree.

Responsibilities

• Lead development of PSE generation self-build opportunities and create development proposals for evaluation through the Company's RFP process.
• Create or oversee financial feasibility analyses, engineering plans, operational plans, environmental strategies, legal review, and real estate review for development proposals.
• Lead planning and development of PSE transmission projects needed to support regional generation requirements.
• Oversee or lead negotiations for deals critical to PSE's corporate growth strategy, including acquisitions and development projects, purchase and sales agreements, O&M agreements, real estate agreements, interconnection agreements, and service agreements.
• Ensure all conditions related to deal closing are met and transactions are successfully closed.
• Support regulatory affairs in demonstrating transaction prudence, including preparing and providing testimony in WUTC rate cases as needed.
• Maintain current knowledge of governance requirements related to separation of functions and follow associated rules and guidelines during competitive bidding situations.
• Manage external vendors by setting scope, providing direction, and approving work.
• Lead commercial development and execution of strategic energy infrastructure investments, including acquisitions, joint ventures, partnerships, and self-build projects.
• Identify and advance investment opportunities, direct due diligence, and secure management approvals.
• Lead cross-functional teams and serve as PSE's primary commercial representative with developers, investors, utilities, governmental agencies, and other stakeholders.
• Uphold applicable safety compliance standards and promote a culture of total safety.
• Conduct business honestly and ethically, consistent with PSE's Code of Conduct, and perform duties in accordance with regulatory obligations.
• Perform other duties as assigned.

Benefits

• Competitive and comprehensive total rewards package.
• Medical, dental, vision, basic life, and short- and long-term disability insurance.
• Voluntary supplemental life insurance and accidental death and dismemberment insurance.
• Flexible spending accounts for health care and dependent daycare.
• Employee assistance program (EAP).
• 401(k) investment option and cash balance retirement plan.
• Paid time off (PTO) and paid holidays.
• Annual goals-based incentive bonuses.

What This Job Offers

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