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Sr Mgr Rates/Econ/Enrg Rsk Mgt

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Date: Jan 12, 2023

Location: Everett, WA, US

Company: Snohomish PUD

Job ID  15129  Department  Rates Econ & Energy Risk Mgmt (10000040) 
Union Classification  Non Union  Type  Full Time - Salaried  
# of Openings  Job Location  Electric Building - 4th Floor (E4)  
Closing Date  01/31/2023  Salary/Wage  $194,275.00 - $233,130.00 annually 


Accountability for Workplace Culture

Our PUD values are at the center of our culture. Putting the safety, health, and well-being of our communities and those we work with is valued above all else and everyone on Team PUD must meet this commitment daily. Nothing we do in achieving our Mission is worth a single injury, and all who interact with us must feel they are valued and welcomed as individuals.  

Everyone on Team PUD, in all positions, is accountable for achieving this safe and welcoming culture by:

1.    Taking full ownership for the safety of themselves and their coworkers, while ensuring everyone feels valued and welcomed.
2.    Taking action to identify and eliminate their own and others’ at-risk behaviors, including the behaviors that may undermine another’s feelings of being welcomed and valued.
3.    Following all safety rules and regulations and ensuring the PUD’s expectations for conduct and respect are maintained.
4.    Openly sharing near-misses, safety learning opportunities, and ways we can learn to be a more welcoming place while encouraging others to do the same.
5.    Utilizing Stop Work Authority to intervene with anyone, anytime, in any place. 
6.    Intervening or seeking guidance to stop actions that are harmful to the wellbeing, health, or sense of belonging of others, and which are detrimental to our PUD values. 
5.    Utilizing Stop Work Authority to intervene with anyone, anytime, in any place. 
6.    Intervening or seeking guidance to stop actions that are harmful to the wellbeing, health, or sense of belonging of others, and which are detrimental to our PUD values. 

Job Summary

Provides leadership for the development of critical information and analysis of economic considerations in relation to rates and energy risk management. Provides economic analysis on power supply, transmission, demand side, and related issues confronting the District. Provides support analysis for the Integrated Resource Plan and functions as a consultant to internal and external customers providing pricing, forecasting, economic analysis and rate impact management as required. Establishes work priorities, staff assignments and administrative procedures.


Accountability #1
Creates a culture of caring, mutual respect and trust that empowers employees to do their best work for the benefit of team members, customers, partners and stakeholders. Provide employees the opportunity to develop through training, positive feedback and coaching. Leads positive change in the organization, recognize employee performance and achievements, be open to receiving feedback from employees and create a safe, equitable and inclusive environment. Ensures staff understands and complies with District Directives, safety rules and other related policies and procedures. Ensures department goals and objectives align with District goals and objectives. Ensures that the department is appropriately staffed, including determining the needs of the department to ensure the employee skill sets match the work, ensure the right person is hired for the right job and that the right employee is doing the right job and similar responsibilities.

Accountability #2
Achieve the highest level of employee and community trust in how the District manages energy risk management by leading the District’s Energy Risk Management function. Is accountable for the District’s weekly Energy Risk Management meetings and Risk Management Manual. Work with the Risk Committee to ensure the District’s load resource balance positions stay within the energy risk management limits. Keep the Executive Leadership Team and Board of Commissioners updated on risk management issues and activities. Delivers daily/weekly forward Price Curves for electricity and natural gas for calculation of District power supply Mark-to-Market (MTM) positions and power contract margin calls. Develops and maintains the District’s power supply Value at Risk (VAR) and Mark-to-Market calculation methodologies and programs. Maintains the District’s Load / Resource Balance Book for tracking the District’s net power supply positions. Participates as a member of and provide leadership and analysis for the District’s Short Term Resource Selection (STRESS) Group and similar responsibilities.

Accountability #3
Deliver exceptional value to our customers through fiscally responsible planning and management by leading and delivering load forecasts to determine future District sales, revenues and number of customers. Compares actual sales to forecasts of sales, prepares timely reports and distributes to management. Prepares annual load forecast executive summary. Leads the development of economic and statistical models to analyze effects of policy action on the District, the local economy and customers (i.e. price elasticity studies, local employment impacts of rate changes, the effects of fuel switching) and similar responsibilities.

Accountabilities Continued

Accountability #4
Demonstrate outstanding value relative to cost to our customers by leading and developing Cost of Service Analysis (COSA) studies to determine the District's revenue requirement and class of service cost allocations and development of appropriate rate structures and actual rates. Delivers new rate structures to meet customer needs, drive efficient customer usage behaviors and match technology developments and similar responsibilities.

Accountability #5
Demonstrate outstanding value relative to cost to our customers by leading and delivering economic and strategic analysis for energy resource related projects such as new and existing power supply generation and new demand side resources. Performs economic modeling for the District’s Integrated Resource Planning process and similar responsibilities.

Accountability #6
Leads and creates a culture of continual improvement that delivers outstanding value to our customers by recognizing opportunities for improved efficiency and effectiveness and working with employees to create positive change. Develops accurate budgets, track actuals and make adjustments through the year as needed and similar responsibilities.

Minimum Qualifications Note

The minimum qualifications listed below are representative of the knowledge, skills, and abilities needed to perform this job successfully, as described in the Accountabilities. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential Accountabilities (duties and responsibilities) of this position. If you need assistance and/or a reasonable accommodation due to a disability during the application or recruiting process, please contact Human Resources at, or by phone at 425-783-8655.

Qualifications - Education and Experience

Minimum Required Education and Experience: 

  • Bachelor's Degree in Economics, Finance, Business Administration, or related field, AND
  • Six (6) years of progressive related electric utility experience in energy risk management, cost of service analysis, rate design, and economic analysis.

Preferred Education and Experience:

  • Master's Degree in Economics or MBA in Finance with training in quantitative methods, statistics and probability theory

Qualifications -Skills and Abilities

Minimum Required Skills and Abilities:

  • Stress testing of power market positions
  • Value at Risk (VAR) methods and models for power supply portfolios for use in energy risk management and Integrated Resource Planning
  • Mark-to-Market (MTM) methods and develop models for power supply portfolios
  • Call Options, Put Options, Collars, and other energy and financial market risk management products and methods
  • Cost of Service (COSA) analysis methods and techniques
  • Demand-side resource verification and evaluation methods and techniques
  • Economic analysis and statistical techniques
  • Time series analysis
  • Econometric techniques as applied to residential and business energy issues
  • Specifying and estimating econometric consumer and business electric demand functions
  • Modeling and estimating aspects of the local economy relevant to power and conservation issues
  • Construct energy risk management computer models for use in managing energy market risks
  • Perform research and analysis.
  • Communicate and work effectively, both orally and in writing, with various levels of the organization, outside agencies, and customers.
  • Supervise, coach and assist staff in development of management/leadership skills.
  • Build and manage effective teams and facilitate alignment with District goals and objectives.
  • Solve problems.
  • Write formal reports and make presentations.
  • Use independent and discretionary judgment.
  • Manage confidential information
  • Develop forward curves for electric and natural gas markets
  • Implement energy market hedging techniques and strategies.
  • Apply rate design methods and techniques
  • Perform power generation project analysis methods and techniques


The following competencies describe the cluster of behaviors associated with job success in the job group identified as “Leader” at the Senior Manager level.

  • Adaptability
  • Building Customer Relationships
  • Building Talent
  • Business Acumen
  • Coaching
  • Communication
  • Continuous Learning
  • Courage
  • Creating a Culture of Trust
  • Creating an Inclusive Environment
  • Cultivating Networks and Partnerships
  • Customer Focus
  • Delegation and Empowerment
  • Driving for Results
  • Driving Innovation
  • Emotional Intelligence Essentials
  • Facilitating Change
  • Financial Acumen
  • Guiding Team Success
  • Initiating Action
  • Inspiring Others
  • Leveraging Feedback
  • Planning and Organizing
  • Positive Approach
  • Professional Knowledge and Aptitude
  • Strategic Planning
  • Stress Tolerance

Working Conditions

•    Duties performed primarily in an office environment and require the repetitive use of a computer, keyboard and mouse.  
•    Incumbent is required to travel to business meetings and training classes.



Snohomish County P.U.D. #1 is an Equal Opportunity Employer of Minorities, Women, Disabled and Veterans.

Nearest Major Market: Seattle
Nearest Secondary Market: Everett

Job Segment: Supply, Operations