3-5 years of experience
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Employment Type:
Full time
Job Category:
Energy Risk Administratror
(This job is no longer available)
Grad Date

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Job Description


$82,617 - $105,441 annually, DOQ, plus excellent benefits

PCWA is seeking an engaged individual to join its energy transactions team in administering the Agency’s energy risk management program.  This position will assist in the review, monitoring and implementation of the Agency’s Energy Risk Management (ERM) Policy guidelines, including assessing and implementing ERM controls, procedures and methodologies and monitoring portfolio adherence to ERM Policy.  The ideal candidate for this position will possess increasingly responsible experience in public sector finance, energy or financial risk management.

Visit our website for detailed recruitment information and to complete the on-line application process:  www.pcwa.net.

Applications must be received on/before Friday, April 13, 2018.

PCWA is an Equal Opportunity Employer.


Position Summary and Qualifications


Position Number 14-3-60-15-209-10137-01
Division Financial Services
Location Auburn
Summary Description

To perform a variety of technical and professional financial analysis and accounting work in the areas of administration of Agency energy risk management, power settlements, general accounting, budgeting and audit.

Unit: MMU
Established: 3/15/2018

Examples of Duties

The following duties are typical for this classification. Incumbents may not perform all of the listed duties and/or may be required to perform additional or different duties from those set forth below to address business needs and changing business practices:

  • Assist in the development, review, monitoring and implementation of the Agency’s Energy Risk Management (ERM) Policy guidelines.
  • Perform periodic reviews of risk control processes and procedures for compliance with the ERM Policy, verify the controls are functioning and report any non-compliance.
  • Assess and implement controls, procedures and methodologies related to energy risk management for the Agency’s energy transactions and strategies.
  • Confirm risk tolerances are consistent with the Agency’s strategic direction for its energy transactions.
  • Oversee settlement calculations for the Agency’s sale of power throughout the California Independent System Operator (CAISO) markets, including oversight of the Agency’s settlement support tools and service providers.
  • Monitor energy transactions to ensure compliance with Agency and ERM policy, procedures, guidelines and controls.
  • Evaluate energy transactions and strategies to identify financial impact and risk exposure.
  • Make credit criteria recommendations for counterparties to the Director of Financial Services.
  • Administer credit risk compliance with the ERM Policy.
  • Review the creditworthiness of Agency counterparties and monitor ongoing financial strength of counterparties.
  • Monitor and report on market conditions and regulatory requirements relative to energy risk management and risks for the Agency’s energy portfolio and individual transactions.
  • Track and report changes in market products and new regulatory requirements.
  • Perform data management, validation and testing of energy transactions.
  • Provide technical support related to energy risk management to the Agency management team and staff; provide advice on energy risk and control matters.
  • Develop and prepare reports and documentation related to financial and energy risk management activities.
  • Research, prepare and/or review comprehensive, technical and complex studies, analyses, data and reports.
  • Represent the Agency to outside groups and organizations and participate in outside professional groups.
  • Make formal presentations to Agency employees, the management team, the Board of Directors, other organizations and the public.
  • May plan, prioritize, assign and review work of technical and office support staff.
  • Build and maintain positive working relationships with co-workers, other Agency employees and the public using principles of good customer service.
  • Perform related duties as assigned.
Required Qualifications - Knowledge of
  • A functional working knowledge of the Agency’s power purchase agreements, financial aspects of power systems operations and all aspects of CAISO settlement systems and rules.
  • Energy risk management techniques and financial analyses applicable to energy transacting in the CAISO and other energy markets.
  • Energy transaction accounting principles.
  • Financial instruments applicable to the valuation of energy transactions.
  • Applicable California electric regulatory and regional market issues.
  • Wholesale energy pricing protocols, techniques and principles.
  • Electrical metering methods and terminology.
  • Credit evaluation fundamentals and their application to energy marketing.
  • Accounting principles and practices.
  • Principles of statistics and mathematics.
  • Principles and methods of problem definition, analysis and resolution.
  • Research and data analysis techniques, technical writing and report preparation.
  • Principles and concepts of database management.
  • Principles and practices of contract management.
  • Presentation methods and concepts.
  • English usage, grammar, spelling and punctuation.
  • Modern office equipment and the use of word processing, database and spreadsheet applications.
  • Principles and practices of customer service.
Required Qualifications - Ability to
  • Organize and implement energy risk management processes and activities.
  • Utilize and implement energy risk management techniques.
  • Perform financial, economic and statistical analysis.
  • Perform and resolve contractual problems and billing disputes.
  • Exercise high-level analytical skills.
  • Develop and recommend policies and procedures.
  • Make recommendations based on supporting information and data.
  • Understand and explain complex regulations, procedures and/or activities related to energy risk management.
  • Work effectively as part of a team or independently for collaborative solutions.
  • Make formal presentations to a variety of audiences, including the Board of Directors.
  • Prepare clear, concise and effective written reports, correspondence and other materials.
  • Compile and prepare technical, statistical, and analytical reports.
  • Reconcile accounts.
  • Analyze complex problems, evaluate alternatives and recommend solutions.
  • Read, understand analyze and interpret complex, technical written materials.
  • Assimilate data to conceptualize outcomes and risk and make appropriate recommendations.
  • Interpret and apply Agency policies, procedures, rules and regulations.
  • Establish and execute comprehensive work plans in a timely and competent manner; prioritize work assignments and workload appropriately; and respond to deadlines effectively.
  • Manage projects from inception to completion.
  • Handle issues and situations involving risk and uncertainty related to energy transactions.
  • Work independently.
  • Operate a computer using word processing, business software and other office equipment.
  • Communicate clearly and concisely, both orally and in writing.
  • Establish and maintain effective working relationships with those contacted in the course of work.
Working Conditions
  • Work is generally performed in an office setting.
  • Frequently sit at a desk and in meetings for long periods of time.
  • Frequently twist to reach equipment and perform simple grasping and fine manipulation to write and use a keyboard.
  • Occasionally lift up to 25 pounds.
License or Certificate

Possession and maintenance of a valid California driver’s license and acceptable driving record.

Experience and Education

Any combination of education and experience that would likely provide the required knowledge and abilities is qualifying. A typical way to obtain the knowledge and abilities would be:


  • Five years of increasingly responsible experience in public sector finance, energy or financial risk management.


  • Equivalent to a Bachelor’s degree from an accredited college or university in finance, business administration, economics, mathematics, statistics or other quantitative field.

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About Placer County Water Agency

The Placer County Water Agency was created under its own state legislation entitled the "Placer County Water Agency Act," adopted in 1957 by the California State Legislature. PCWA carries out a broad range of responsibilities including water resource planning and management, retail and wholesale supply of irrigation water and drinking water and production of hydroelectric energy. The Agency is governed by a five-member Board of Directors, elected to four-year terms by voters residing within five geographical districts of Placer County. The Board of Directors meets twice monthly in regular session and holds special meetings as needed. The Board employs a General Manager to administer all Agency activities, services and employment, and a General Counsel to advise the Agency on legal and regulatory matters. The Agency employs 179. Most administrative services are based at the PCWA Business Center in Auburn. The Power System office is located in Foresthill. Water treatment operations are coordinated from offices located on Ferguson Road, across from the Business Center.