Director, Electric Investment Planning

Requisition ID # 153760 

Job Category: Accounting / Finance 

Job Level: Director/Chief

Business Unit: Engineering, Planning & Strategy

Work Type: Hybrid

Job Location: Oakland

 

 

Department Overview

The Engineering, Planning and Strategy organization is responsible for delivering a stable and predictable work plan along with associated engineering.  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 - pl