Location: Oakland, CA
Company: Pacific Gas And Electric Company
Our key functions include asset management, regulatory strategy, portfolio planning and financial change control, design and engineering, and customer service planning and design. The organization is focused on serving our hometowns by mastering PG&E’s asset knowledge while building a long-term work plan to ensure safe, reliable, and sustainable operations.
Position Summary The Director, Electric Investment Planning oversees the team that builds the work and financial plans for the Electric organization. Maintains and provides oversight into the Electric organization work plan, work volume forecasts, associated financial forecasts and resultant metrics. Executes governance activities
to ensure coordination on rate case work, financial forecasts, and authorized work plan. Liaises with external oversight entities. Provides oversight for large project and programs and implements system-based controls.
Reporting Relationship The Director, Electric Investment Planning reports to the Senior Director, System & Resource Planning and will lead a team of direct and indirect reports include manager(s), analysts, project managers and contractors. The Director leads staff to accomplish results through effective recruitment and selection, training and development, performance management, and rewards and recognition. Salary PG&E is providing the salary range that the company in
good faith believes it might pay for this position at the time of the job posting.
This compensation range is specific to the locality of the job. The actual salary paid to an individual will be based on multiple factors, including, but not limited to, specific skills, education, licenses or certifications, experience, market value, geographic location, and internal equity. Although we estimate the successful candidate hired into this role will be placed towards the middle or entry point of the range, the decision will be made on a case-by-case basis related to these factors. A reasonable salary range is: (Bay Area) Minimum Base Salary: $174,000 Maximum Base Salary: $296,000 (California) Minimum Base Salary: $165,000 Maximum Base Salary: $281,000 Job Responsibilities Leads team that develops, maintains, and governs the end-to-end investment planning process for Electric transmission and distribution.
Establishes multi-year operating plan and electric transmission and distribution annual expense and capital expenditure budget allocation aligned with the approved operating plan. Maintains rolling 15-month budget and work plan on a quarterly basis in alignment with operating plan. Oversees development of risk-based strategic investment portfolio (units of work and associated financial forecast) for the General Rate Case.
Oversees centralized model-based and risk-informed forecasting - work volume & financials, including a " cost of work" book for all significant electric programs. Works closely with governance processes, including Electric Organization Plan Delivery Center (PDC) and Change Control boards. Evaluates investment plan financial performance and develops deep understanding of business drivers and financial levers to provide strategic direction, while maintaining sustainable process for documenting changes in operating plan compared to rate case expectations.
Provides investment plan updates and coordinate variance explanations for regulatory reports (e. g. risk-spend accountability report, GT&S compliance report, electric distribution safety report). Leads and provides consultation to model financial performance under various regulatory scenarios, and resource constraints. Engages all stakeholders involved in the investment planning process, including: Asset Management - for work identification and forecasting Process Owners - for work identification and forecasting Business Finance - for Enterprise finance schedule Risk Management - for GRC risk management guidance Regulatory - for alignment with regulatory filings including GRC Reporting and Analytics- for visibility work readiness Resource Planning - for executable plans Operations - for efficiencies and waste elimination Senior Leadership Team - plan approval Provides guidance, timelines, and standard work expectations to all stakeholders to facilitate the process.
Leads, manages, and fosters a cohesive team supporting enterprise processes for work and financial forecasting and reporting. Ensures team is adequately staffed with sufficient expertise to cover assigned responsibilities and project work.
Improved the Investment Planning processes year over year using Lean principles. Leadership Qualities PG&E expects its leaders to conduct themselves with the highest ethics and integrity and to embody specific leadership qualities. Strategic Mindset Seeing ahead to future possibilities and translating them into breakthrough strategies. Operating effectively, even when things are not certain, or the way forward is not clear. A Leader in the Community and Industry Effectively building formal and informal relationship networks inside and outside the organization.
Anticipating and balancing the needs of multiple stakeholders. Demonstrates Safety Leadership A safety champion in words and deeds with respect to both employee and public safety. Maintaining an environment of open dialog and free of retaliation. Influences and Inspires Using various communications that convey a clear understanding of the needs of different audiences. Maneuvering comfortably through complex policy, process, and people-related dynamics. Optimizes Team Performance Building teams with a strong-identity who apply their diverse skills and perspectives to achieve common goals.
Creating a climate where people are developed and motivated to do their best to help the organization. Values Diversity and Creates Inclusion Recognizing the value that different perspectives and cultures bring to an organization. Fiscally Responsible Interpreting and applying understanding of key financial indicators to make better business decisions. Planning and prioritizing work to meet commitments aligned with organizational goals. Leads Ethically and in a Compliant Manner Sponsoring and sustaining a high integrity speak-up corporate culture which prioritizes ethics, safety and compliance.
Building on necessary level of industry, company and subject-matter expertise, including laws and regulations. Provides a High Level of Customer Service Building strong customer relationships and delivering customer-centric solutions. Background Qualifications Minimum Bachelor's degree in Finance, Engineering or related discipline, or equivalent experience 10 years, or equivalent, of electric or related industry experience (an advanced degree in a relevant field may substitute for two years of experience. ) Direct experience leading teams. Desired Master's degree in Finance, Engineering, Economics, Business or related field, or equivalent experience.
Project Management Certification (PMP) Continuous Improvement / Lean Six Sigma Black Belt certification 5 years of supervisory/managerial experience Operational experience in Finance, rate making activities, and investment planning.
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