Manager Renewable and Carbon Portfolio Planning

To provide management, expertise, and guidance by overseeing all aspects of SMUD's Renewable and Carbon credit portfolio ensuring SMUD is prepared to meet long-term regulatory compliance requirements while maximizing the value of the portfolio to achieve financial objectives of the organization; and maintaining SMUD's long term carbon compliance outlook.

This manager oversees a cross functional team within a broad scope of responsibilities; develops, implements and manages department goals, objectives, policies, and priorities in partnership with the department Director; selects, trains, motivates, evaluates, and develops staff; and ensures, alongside management peers, that department strategic objectives and priorities are achieved.

• Manage SMUD's Renewable Energy credit (REC) portfolio to maximize the value of the Renewable Portfolio Standard (RPS) and California Air Resources Board (CARB) Carbon Allowance allocations; ensure compliance with California's RPS requirements and manage RECs for SMUD's green pricing programs; develop long-term strategies for using Cap and Trade Carbon Allowances to meet financial objectives; conduct risk evaluation to determine trade-offs in decision-making; maintain RPS compliance and enforcement reports, ensuring adherence to California Energy Commission (CEC) requirements; coordinate with SMUD's Resource Planning team on REC needs for compliance.
• Oversee compliance with regulatory filings such as RPS and Power Source Disclosure (PSD); represent the department in cross-functional teams discussing renewables and carbon credits; act as the subject matter expert on new regulatory requirements proposed by CEC and CARB; assess regulatory changes and ensure new renewable contracts meet compliance requirements.
• Provide supervisory oversight for SMUD's RPS and Carbon portfolios; develop and present RPS and Carbon allowance outlook information to management; maintain models and forecasts for accurate reporting and update long-term strategies; collaborate with budget and finance teams to reflect compliance costs and forecast allowance values; support decision-making on renewable and carbon-free resources in coordination with Resource Planning.
• Ensure timely and accurate RPS and PSD compliance and annual reporting with the CEC and maintain accurate record keeping supporting compliance.
• Support SMUD's overall Integrated Resource Planning process.
• Provide supporting analytics for business practices and projects to senior management, the Board, and the public; present forecasting and market data to inform key stakeholders of economic factors affecting SMUD policy and direction.
• Direct the work of subordinates, ensuring staffing levels and work quality meet defined objectives; interpret and execute SMUD's policies and procedures, oversee and evaluate work, and ensure staff safety; hire, train, coach, mentor, and develop subordinates to solve complex problems and meet project and operational schedules and budgets.
• Monitor unit budget expenditures, identify and reconcile anomalies, and revise schedules and assignments as needed; develop unit budget recommendations and participate in the review of the preliminary department budget.
• Oversee internal and external department projects, including developing project plans, negotiating contracts, and monitoring progress; ensure projects are completed within scope, budget, schedule, and meet SMUD's quality and policy standards.
• Perform other related duties as needed to include working outside of typical business hours when necessary.

• Bachelor's degree with major course work in business administration, economics, finance, electrical engineering, or a related field from an accredited college or university, or equivalent experience. If no degree, nine or more (9+) years of relevant experience are required.

• At least five (5+) years of progressively responsible relevant work experience conducting forecasting and economic analysis, including at least five (5) years of supervisory and/or managerial experience. Experience can run concurrently.

Methods and techniques for planning, organizing, directing, and controlling work activities; methods and techniques for training staff; procedures for evaluating and recording performance results, recruiting, screening, and hiring; policies and procedures related to supervisory practices and employee rights; policies and standards for interacting with local, state and national authorities and agencies; budget administration and business strategic planning and development; techniques and strategies for public speaking; concepts for cost control and project scheduling; performance management techniques related to Project Management; procedures and practices for project budget management; practices of economic assessments of projects and programs; practices of various analytical approaches; techniques and practices for cost benefit analyses; fundaments of complex mathematics, algebra, and geometry, and of statistics, trigonometry and calculus; structures of utilities including ISO and PX procedures; familiarity with generation, transmission and distribution resources; practices of finance and accounting; concepts of utility financial planning and forecasting; techniques for developing forecasting models; theory and application of marginal cost, production cost modeling and utility rate/finance forecasting; reporting requirements for SEC, CEC and FERC; processes and practices for business marketing including customer surveys, product design, testing processes, market identification and segmentation, and sales of product delivery and program development; safety policies, practices and procedures; standard operating procedures for modern office equipment including a computer and applicable software; English grammar, punctuation and vocabulary standards.

Direct on-the-job training activities; establish, manage, monitor, and update a budget; interpret and apply SMUD policies procedures, applicable MOU and/or other special agreements; participate with upper management to establish corporate strategic plans and objectives; plan, organize, direct, control, and review the work of others; compile and prepare technical, statistical and/or analytical reports and presentations; develop and conduct oral presentations to internal/external audiences; explain complex and/or controversial policies, regulations, procedures, and/or activities internally/externally; express ideas/facts clearly and concisely one-on-one or to groups, taking into account the audience and nature of information; monitor and manage projects; plan, organize, prioritize, and schedule projects; assess complex issues and develop/implement resolution alternatives; identify the potential long-term outcomes of a change in operations; develop an estimation of how a system should work under ideal conditions; gather data from appropriate sources and identify relevant factors; generate a number of viable alternatives to problems; interpret, evaluate and apply pertinent policies, procedures, regulations, and requirements; interpret, clarify, understand, and assess verbal/written information and ideas; organize highly complex and conflicting data in a readily understandable manner for various audiences; prepare a business case to weigh the relative costs and benefits of a potential action; supervise development of financial and economic models of utility operations and interactions; provide quality control over forecasts, analysis and key economic indications; direct staff in searching, acquiring and interpreting data used to assess SMUD's industry position; utilize a personal computer and/or computer terminal, systems and software relevant to the job; communicate effectively orally and in writing internally/externally; establish and maintain effective working relationships internally/externally.

• Demonstrated experience managing a multi-million dollar renewable energy or carbon credit portfolio for a utility, government agency, or private sector organization.
• Track record of developing and implementing long-term compliance strategies for California RPS or similar renewable portfolio programs.
• Proven ability to interpret and apply complex energy market regulations, including those issued by the California Energy Commission and California Air Resources Board.
• Experience negotiating, managing, and optimizing contracts for renewable energy resources or environmental commodities (such as RECs or carbon allowances).
• Advanced proficiency in quantitative analysis, forecasting, and reporting using tools such as Excel, Power BI, or energy market modeling software.
• Leadership experience overseeing cross-functional teams, including performance management, professional development, and mentoring in a compliance or resource planning environment.
• Successful development and delivery of executive-level presentations on portfolio performance, market trends, and regulatory impacts.
• Experience collaborating with internal departments (such as resource planning, finance, legal, or external affairs) to achieve compliance goals and maximize portfolio value.
• Proven record of identifying process improvements, increasing operational efficiencies, or reducing compliance risks in a renewable energy or carbon credit program.
• Experience with forecasting, strategy, and compliance of CARB's Cap-and-Invest Program.