Modeling & Forecasting Analyst, Senior

San Francisco, California
02 Sep 2016
16 Nov 2016
Oil and Gas
Contract Type
Full Time

Based in San Francisco, Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States. And we deliver some of the nation's cleanest energy to our customers in Northern and Central California. For PG&E, "Together, Building a Better California" is not just a slogan. It's the very core of our mission and the scale by which we measure our success. We know that the nearly 16 million people who do business with our company count on our more than 24,000 employees for far more than the delivery of utility services. They, along with every citizen of the state we call home, also expect PG&E to help improve their quality of life, the economic vitality of their communities, and the prospect for a better future fueled by clean, safe, reliable and affordable energy.

Pacific Gas and Electric Company is an Affirmative Action and Equal Employment Opportunity employer that actively pursues and hires a diverse workforce.  All qualified applicants will receive consideration for employment without regard to race, color, national origin, ancestry, sex, age, religion, physical or mental disability status, medical condition, protected veteran status, marital status, pregnancy, sexual orientation, gender, gender identity, gender expression, genetic information or any other factor that is not related to the job.

Department Overview

The Risk and Audit organization is responsible for enabling the business to effectively and efficiently manage risk in key areas of the enterprise. The Risk organization is comprised of four departments: (1) Internal Audit; (2) Market and Credit Risk Management (M&CRM); (3) Finance
Compliance and Controls; and (4) Enterprise and Operational Risk Management (EORM) and
The M&CRM department consists of quantitative analysis, credit risk management, market and transaction risk, risk governance, and risk control and reporting. M&CRM is primarily focused on the risk management of the company's natural gas and electric procurement activities. PG&E engages in various standard and nonstandard procurement activities, and it is the responsibility of
the department to facilitate transaction execution and assist in mitigating market, credit and liquidity
risks associated with contractual obligations and associated potential liquidity requirements.
The Analysis and Modeling (A&M) group within M&CRM is responsible for model design and programming and much of the more sophisticated quantitative analysis within the company. It is the main owner of forward pricing and portfolio risk analysis models whose output is reported to the trading organization, senior management, and the CPUC. The group consults on quantitative market and credit issues for the rest of the department and supplies quantitative analysis services throughout the risk management and energy procurement organizations.

Position Summary

This position is expected to contribute in the areas of
model design, programming, and testing, as well as to weigh in on policy with a quantitative aspect
(e.g. risk metric evaluation and reporting). This position reports to the Senior Manager of Analysis
and Modeling.


Minimum Qualifications:

•Masters in Information Systems, Business, Engineering, Financial Engineering, Economics, Statistics, or Mathematics.
• Minimum of 5 years in analytical methods and modeling
Desired Qualifications:
• 8+ years quantitative experience in energy sector, including valuation and risk assessment
• Demonstrated in depth understanding of commodity trading activities, standard energy derivatives and physical products, and ability to analyze and validate risk exposures
• Familiarity with CAISO market as well as settlements processes a plus.
• Substantial familiarity with Monte Carlo modeling required; prior experience with database programming and parallelization is a plus


• Lead projects and processes to produce needed analysis, validation, or analytic tools for front office and regulatory needs
• Apply market modeling and programming expertise to help design, maintain, and expand M&CRM's forecasting models, which are standards for the company
• Thoroughly validate and document internal and externally produced models
• Model integration, including data source connectivity and reporting modules
• Contribute to the routine production, dissemination, and analysis of various risk metrics
• General contribution to quantitative understanding within the group and the company,including giving talks and occasional whitepapers explaining relevant topics
• Good understanding of energy industry contracts, both standardized and structured
• Skilled at working productively within a large organization
• Ability to work as part of a team and independently with multiple projects under tight deadline
• Excellent written and verbal communication skills, including explaining quantitative issues to
• Proactive in seeking and making improvements in complex processes and programs