Sr​/Principal Economic Risk Analyst

Position: Sr / Principal Economic Risk Analyst
At PGE, our work involves dreaming about, planning for, and realizing a smarter, cleaner, more enduring Oregon neighborhood. Its core to our DNA and we haven’t stopped since we started in 1888. We energize lives, strengthen communities and drive advancements in energy that promote social, economic and environmental progress. We’re always on the lookout for people passionate about leading and being a part of teams that are advancing innovative clean energy solutions that are also affordable and accessible to all.

Summary In this role you will lead efforts in reliability-focused economic life cycle risk modeling and business case analyses. Utilizing various analytical and statistical techniques, the team utilizes a data-driven, risk-based methodology that provides insight and guidance for PGE's transmission, substation, distribution, and generation teams' investment decisions. In collaboration with stakeholders, the team develops risk models, which are utilized in analyses to recommend risk-informed and reliability improvement capital investments and optimized maintenance spending.

They also serve as subject matter experts (SMEs) for reliability risk modeling and benefits quantification within PGE.This position requires a clear understanding of economic principles, high analytical acumen, and strong modeling capabilities due to the models being complex nature. Core activities include developing, maintaining, and enhancing risk models, completing business case evaluation, quantifying benefits, developing enterprise goals for risk, reliability & resilience, and supporting the prioritization of capital investment portfolios.

The role offers opportunities to work on a wide range of projects and topics, including supporting stakeholders in economically evaluating long-term investment strategies and partnering to improve business processes.

The successful candidate will work closely with Operations, Engineering, and Portfolio Management teams, collaborating with subject matter experts to understand the various factors impacting the performance of PGE's assets and customer service. Interaction with peer utilities and outside agencies, such as the Oregon Public Utility Commission, is also part of the role.

The two openings that will be filled at either level. The level and salary will be commensurate with knowledge, skills, abilities, and experience.
** Career Level Summary**:

Senior:
* Requires in-depth knowledge and experience
* Uses best practices and knowledge of internal or external business issues to improve products or services
* Solves complex problems; takes a new perspective using existing solutions
* Works independently; receives minimal guidance
* Acts as a resource for colleagues with less experience

Principal:
* Requires specialized depth and/or breadth of expertise
* Interprets internal or external business issues and recommends best practices
* Solves complex problems; takes a broad perspective to identify innovative solutions
* Works independently with guidance in only the most complex situations
* May lead functional teams or project
** Responsibilities
* * Specializes in strategic analytics to develop economic risk models, complete business case evaluations and analyze economics of long-term investment strategy decisions.
** Economic life-cycle model development and maintenance
*** Collaborate with team members & subject matter experts to develop, maintain, and recommend improvements to the economic life cycle models and tools.  Contribute to quality assurance and quality control for economic life cycle models and tools. Lead the effort in the development and maintenance of documentation for economic life cycle models and tools
** Analysis and subject matter expertise
*** Analyze economic life cycle model outputs to evaluate and recommend investments to support near-term and long-term PGE’s strategic reliability strategic goals.
* Complete complex life cycle cost analyses to support project investment decisions, which may include replacement, rejuvenation, maintenance, and other strategic activities.
* Develop and performs business case evaluations & portfolio scenarios outlining the projects and…