PSE's New Product Development team is looking for qualified candidates to fill an open
Commercial Acquisition Manager - Solar & Storage 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, specifically Solar PV and Battery Energy Storage Systems (BESS). Develops and implements acquisition/divestiture strategies, evaluates potential transactions and shepherds the transaction through commercial negotiations and closing. Further represents all of PSE's interests in commercial development agreements with outside parties.
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 energy and capacity resource acquisition RFP (request for proposal) process to procure solar PV and BESS, which includes 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 of energy and capacity projects through Power Purchase Agreements (PPAs), tolling agreements, build and transfer agreements, O&M agreements, and service agreements.
- Ensures that all conditions are met related to deal closing and that transaction is successfully closed.
- Supports regulatory affairs in demonstrating prudence of transaction 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.
- Five (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.
Additional InformationAt PSE, we value our employees and provide them with opportunities to excel. We offer a competitive and comprehensive total rewards package. To learn more about why PSE is a great place to work, see our Employee Value Proposition, which highlights our commitment to employee growth, work-life balance, and meaningful career opportunities in the energy sector.
The pay range for this position is $124,600.00 - $207,400.00, and this position is eligible for annual goals based incentive bonuses.
PSE offers a suite of benefits to our employees. Employees are eligible for medical, dental, vision, basic life, and short- and long-term disability insurance. There are additional voluntary options of supplemental life insurance, accidental death and dismemberment insurance, flexible spending accounts for health care and dependent daycare, and an Employee assistance program (EAP). For long term savings, PSE offers a 401(k) investment option and a cash balance retirement plan. Employees will also receive Paid Time Off (PTO) and Paid Holidays throughout the calendar year. Detailed benefit overviews can be found on our Career page - Why Work For Us (pse.com).
