Senior Portfolio Manager, Regulated Power

Job Summary:  

The Senior Portfolio Manager will manage all aspects of the Regulated Power portfolio while operating in compliance with the AUC-approved Energy Price Setting Plan (EPSP). This role will procure and trade electricity in the Alberta Power Markets for the purposes of portfolio optimization and risk mitigation. 

This role is a key contributor in the development and implementation of the EPSP, working with internal and external stakeholders to achieve those ends. 

The individual will be a part of the Strategic Initiatives team and will be closely integrated with the Regulated Go-To-Market team, the Government & Regulatory Affairs group, and the Business Planning & Performance team. 

Essential Duties/Responsibilities: 

• Design and Implementation of the Energy Price Setting Plan 

• Be a key participant in the planning, development, and implementation of the EPSP. 

• Develop and maintain pricing and financial models supporting regulated rates. 

• Support regulatory proceedings, including AUC testimony, engagement with intervenors, and preparation of MSA financial assessments. 

• Ensure ongoing compliance with the EPSP and the Regulated Option for Low-Income (ROLR) Regulation throughout its term. 

• Portfolio Management 

• Own the performance and day-to-day management of the regulated power portfolio. 

• Identify and manage financial and market risks inherent to Alberta’s retail electricity market. 

• Design and execute EPSP- and corporate-compliant hedging and risk mitigation strategies. 

• Procure and trade electricity to meet forecasted regulated customer demand. 

• Execute transactions across Alberta wholesale markets using electronic platforms, OTC trades, bilateral counterparties, and RFP processes. 

• Monitor Alberta power fundamentals, market developments, and emerging trends. 

• Be able to make timely decisions for effective portfolio management. 

• Financial Reporting & Forecasting 

• Consolidate hourly pricing and volume data to track settled energy revenues, costs, and P&L. 

• Develop future P&L projections and budgets using forward market prices, volume forecasts, and cost estimates. 

• Build, maintain, and improve demand forecasting models. 

• Analyze near- and long-term electricity-demand drivers using large data sets and quantitative models. 

Minimum Requirements:  

• Bachelor’s degree in Economics, Finance, Mathematics, Electrical Engineering, Computer Science, or a related quantitative discipline. 

• 10–25 years of progressive experience in energy markets. 

• Deep knowledge of Alberta power markets and trading fundamentals. 

• Strong financial acumen, including profit & loss management and income statements. 

• Demonstrated experience as a power trader or portfolio manager. 

Core Competencies and Leadership Attributes: 

•  Strategic and analytical thinker with a strong execution mindset. 

•  High level of judgment, accountability, and comfort operating in dynamic environments. 

• Ability to work independently with minimal direction. 

• Strong stakeholder management and influencing skills. 

•   Exceptional written and verbal communication skills; able to explain complex concepts clearly. 

•  Credibility and experience to act as an expert witness in regulatory proceedings. 

• Superior analytical and problem-solving skills. 

Working Conditions: 

• Full-time preferred (part-time may be considered). 

• Remote or hybrid work arrangement. 

• Open office environment when on-site. 

• Occasional travel may be required.