Manager of Planning and Portfolio Management

Central Coast Community Energy • Monterey, CA

13d • Hybrid

About The Position

Central Coast Community Energy (3CE) is seeking a driven Manager of Planning and Portfolio Management to join their team. This role leads 3CE’s procurement strategy, portfolio planning, valuation, load and price forecasting, position reporting and hedging-policy implementation. The role supervises the front-office planning and procurement-analyst staff and prepares executive, board- and committee-ready decision materials/reports. This is a front-office management class focused on planning, procurement strategy and portfolio analytics. The role owns the short-term/IST procurement desk and carries an active compliance-assurance responsibility — keeping RA/RPS/REC positions compliant and providing validated assumptions, models and data to Regulatory Affairs — but does not own regulatory filings or final compliance accountability, which reside with Regulatory Affairs. 3CE is a Community Choice Aggregation agency established by local communities to source clean and renewable electricity at responsible rates for over 1.2 million residential, commercial, and agricultural customers throughout Monterey, San Benito, Santa Cruz, San Luis Obispo, and Santa Barbara counties. 3CE is committed to reducing greenhouse gas emissions through local control of utility-scale renewable electricity generation, investment in new renewable power projects, and the implementation of innovative energy programs that facilitate the electrification of transportation and the built environment. 3CE promotes long-term electric rate stability and energy security while reducing reliance on fossil fuels and stimulating the local economy.

Requirements

• Knowledge of wholesale power markets, CAISO structure, and energy/RA/REC products.
• Knowledge of portfolio management, hedging strategy, valuation and forward-curve concepts.
• Knowledge of resource adequacy, RPS and integrated resource planning fundamentals.
• Knowledge of statistical and financial modeling, load and price forecasting, and risk measurement.
• Ability to lead procurement and portfolio strategy and supervise a multidisciplinary analytical team.
• Ability to translate complex portfolio analytics into executive and board decisions.
• Ability to set and enforce valuation, hedging and forecasting standards.
• Ability to communicate effectively in writing, verbally and through presentations.
• Ability to be thorough and detail oriented.
• Ability to apply strong task prioritization, analytical and problem-solving skills.
• Ability to manage multiple priorities and quickly adapt to changing priorities in a fast-paced dynamic environment.
• Ability to work accurately and swiftly under pressure.
• Ability to demonstrate patience, tact and courtesy.
• Five (5) or more years of progressively responsible experience in energy procurement, portfolio management, power markets or planning, including supervisory experience.
• A valid California Driver’s license and an acceptable driving record may be required.

Nice To Haves

• CCA or load-serving-entity experience
• ETRM and advanced modeling experience
• CPUC/CEC/CAISO program familiarity
• Advanced degree desirable

Responsibilities

• Set procurement strategy and portfolio-management standards consistent with the Energy Risk Management Policy.
• Lead the front-office procurement desk that runs short-term and index/standard-product (IST) solicitations, RFOs and transactions under approved strategy; resource specific long-term origination tasks in support of the Director of Power Supply Resources.
• Supervise the Energy Procurement & Portfolio Analyst, Power Resources Planners and Power Supply Analyst; assign workload and ensure documented backup coverage.
• Lead RA, REC and energy planning; set valuation, hedging and forecasting methodology standards.
• Review position reports, hedge ratios and open-position views; oversee portfolio cost, revenue and risk reporting.
• Ensure the portfolio stays on a compliant trajectory for RA, RPS and REC obligations; validate underlying data and escalate compliance risk early to Regulatory Affairs, which owns the filings.
• Engage early in long-term origination strategy to improve deal quality and portfolio fit.
• Prepare board/RMC-ready narratives and decision support; provide validated assumptions and data packages to Regulatory Affairs.
• Perform related duties and responsibilities as required.

Benefits

• Employees contribute 10% of their salary on a pre-tax basis towards the PARS retirement system, and the employer contributes 10% towards PARS.
• 100% employer paid for single coverage towards medical, dental, and vision.
• 3 CE pays 90% employer paid coverage for employee plus family coverage.
• 3CE contributes up to $2400 annually towards flexible spending benefits and $3600 towards HRA.
• 3 CE contributes $1,000 per fiscal year for health, wellness, or EV reimbursement.
• 457 deferred compensations.
• 180 hours annually on an accrual basis per pay period.
• This position is eligible for a cell phone allowance of $50.00 monthly.

What This Job Offers

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