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Financial Strategy & Initiatives Manager | Clean Power Alliance | Los Angeles

Clean Power Alliance (CPA) is Southern California’s locally operated non-profit default electricity provider for 32 communities within Los Angeles and Ventura counties and the 5th largest electricity company in the State of California. We provide clean renewable energy at competitive rates to over three million residents and businesses through approximately one million customer accounts.

Who We Are

Clean Power Alliance (CPA) is Southern California’s locally operated non-profit default electricity provider for 32 communities within Los Angeles and Ventura counties and the 5th largest electricity company in the State of California. We provide clean renewable energy at competitive rates to over three million residents and businesses through approximately one million customer accounts.

What You’ll Do

CPA is seeking a motivated, highly organized, and detail-oriented team member to work with cross-functional teams that include internal staff and third-party contractors to organize and execute major financial initiatives, including obtaining an investment grade credit rating from a nationally recognized rating agency, renewing banking agreements, and project managing the issuance of municipal prepay bonds through an arms-length conduit issuer. This position will also provide financial expertise to support organizational initiatives such as service territory expansion and developing business requirements for the targeted marketing of demand-side customer programs.

Who You’ll Work With

The Financial Strategy & Initiatives Manager will report directly to the Chief Financial Officer. You will work closely with the CPA’s contracting, power procurement, financial risk modelling and load forecasting teams, and third-party contractors and consultants as assigned.

Commitment to Diversity

At CPA, we value diversity and are committed to creating an inclusive environment for all employees. We represent a diverse customer base and intend to hire employees that reflect our communities. Clean Power Alliance provides equal employment opportunities to all applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

Culture

CPA fosters a culture of open communication, responsibility, and intellectual curiosity. As a small team that has quickly built the largest Community Choice Aggregation program in the country, high levels of trust, collaboration, and mission alignment are key factors in success. We value fact-based creativity in our work, accountability with our stakeholders, and promote ethical engagement and diversity with our brand.

Salary and Benefits

The salary range for this position is $130,380-$176,890 with exact compensation to be determined by Clean Power Alliance, dependent on experience. Benefits include health care, a 401(k)-like match program, paid vacation, and sick leave. This is not a civil service position; however, all CPA employees are required to submit a Statement of Economic Interests form, also known as the Form 700.

Successful Candidates Must Demonstrate the Following Abilities:

  • High attention to detail with strong organizational skills.
  • Strong project management skills.
  • Handle multiple priorities to meet deadlines and escalate key issues.
  • Work accurately and swiftly under pressure.
  • Demonstrate good judgement and integrity.
  • Communicate effectively, orally and in writing, and can translate complex technical information into non-technical language.
  • Have a high tolerance for uncertainty but know how to bring things to resolution.
  • Have a strong work ethic befitting a start-up environment.

Duties and Responsibilities

  • Prepay Bonds Manage selection processes, contract with and oversee key contractors including tax counsel, bond counsel, legal counsel, municipal advisor and investment bank(s). Develop subject matter expertise and lead the education and manage decision-making processes for key stakeholders including the Board of Directors and senior management.
  • Credit Rating: Manage selection process, contract with and manage the relationship with a nationally recognized credit rating agency. Develop a CPA credit package and manage information flow to the rating agency. Work with financial risk modeling and load forecasting teams to present scenarios to the rating agencies.
  • Banking Agreements: Work with CPA’s bank to renew CPA’s credit agreement on terms that meet the interests of CPA and the rating agency. Manage the selection and contracting processes for a new banking relationship as assigned.
  • Expansion Initiatives: Work with CPA’s rates consultant as well as internal and external stakeholders to determine financial impacts of offering CPA’s CCA services to potential new member communities.
  • Customer Segmentation and Program Design Support: Leveraging CPA’s big data capabilities, work with information systems, finance, and customer programs teams to develop business cases and system requirements to target individual and/or groups of customers for demand side customer programs including demand response, building and appliance electrification, and electric vehicle charging. Make recommendations to improve program design and implementation.
  • Other duties as assigned: Support finance and other departments with new strategic initiatives as they arise.

Qualifications

  • A bachelor’s degree and at least 5 years of experience in financial modelling and analysis, preferably in the energy sector.
  • Excellent organizational, interpersonal, and analytical skills.
  • Have a strong work ethic and be comfortable taking initiative/working in a fast paced, start-up environment.
  • Work well with diverse teams and consultants and is highly collaborative.
  • Proficient with Microsoft Office Suite and data visualization tools or related software.
  • Ability to sit at a desk and work on a computer for prolonged periods.
  • Currently, this position is temporarily remote; however, when the office reopens in January 2022, this position is expected to report to our downtown Los Angeles office 2- 3 days per week. (The actual days of the week to be worked in the office will be determined by CPA, not by the candidate.)

Skills Desired

  • Experience with data analysis tools such as R, Python and SAS is a plus.
  • Energy market experience (familiarity with the CAISO highly desirable).
  • Experience with a business intelligence tool such as Power BI or Sigma.
  • MBA or CFA designation or enrollment preferred.
  • Demonstrated contracting and project management experience preferred.
  • Demonstrated experience working with big data and business intelligence tools preferred.

For more information and to apply click here

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