PSE's New Product Development team is looking for qualified candidates to fill an open Solar & Storage Commercial Acquisition Manager position!
Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process.
Job DescriptionLeads and coordinates all commercial functions, including negotiations, project oversight, cross functional team management, and management approval in the acquisition, divestiture and restructuring of Distributed Energy Resources (solar & storage specifically), real estate, and distribution assets. Develops and implements acquisition/divestiture strategies, evaluates potential transactions and shepherds the transaction through commercial negotiations and closing. Represents all of PSE's interests in commercial development agreements with focus in Distributed Energy Resources (DER), specifically Solar & Battery Storage. Promotes equity in the evaluation, development and enrollment of DER projects. Understands and reduces risks associated with DER acquisition and development.
Upholds the safety compliance standards inherent in PSE's operating and/or field procedures related to work responsibilities. Promotes and supports a culture of total safety.
Demonstrates commitment to conduct business honestly, ethically and consistent with our core values and Code of Conduct. Ensures duties are performed in accordance with all regulatory compliance obligations.
Job Responsibilities
- Leads the resource acquisition RFP (request for proposal ) process and due diligence reviews of potential transactions including financial feasibility analyses, engineering review, operations review, environmental review, legal review and real estate review.
- Oversees and leads negotiations of business deals critical to PSE's corporate growth strategy, including acquisitions and development projects, purchase and sales agreements, O&M agreements, real estate agreements, and service agreements. Strategizes on best approaches for achieving acquisition targets and standing up new processes to execute to those targets.
- Ensures that all conditions are met related to deal closing and achieves buy-in from all major stakeholders for agreement execution.
- Supports regulatory affairs in demonstrating prudence of transactions as needed, including preparing and providing testimony in WUTC rate cases.
- Manages external vendors setting scope, providing direction and approving work.
- Performs other duties as assigned.
Minimum Qualifications
- Bachelor's degree in engineering, finance, economics, business administration, or equivalent combination of education and/or work experience; plus 7 years relevant work experience.
- 5 years increasing responsibility in the utility, oil, gas or independent power sector and experience in project development or commercial acquisitions.
- Strong business and financial analytical skills with capability to analyze a wide array of business challenges.
- Demonstrated experience and ability to lead and influence cross-functional teams and stakeholders.
- Excellent verbal and written communication skills, including 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.
Desired Qualifications
- MBA or related post graduate degree.
- At least 10 years of professional experience with at least 5 years of direct involvement in one or more of the following areas of focus: power acquisitions from independent power producers, electricity purchase agreement contract management and negotiations, business case development and/or strategic assessment.
Puget Sound Energy
10885 NE 4th St
Bellevue
Washington United States
www.pse.com
