Contracts Analyst - Senior/Principal Financial Risk Analyst

At PGE, our work involves dreaming about, planning for, and realizing a smarter, cleaner, more enduring Oregon neighborhood. Its core to our DNA and we haven’t stopped since we started in 1888. We energize lives, strengthen communities and drive advancements in energy that promote social, economic and environmental progress. We’re always on the lookout for people passionate about leading and being a part of teams that are advancing innovative clean energy solutions that are also affordable and accessible to all. The Contracts Analyst is responsible for supporting the full contract lifecycle, including drafting, reviewing, analyzing, negotiating, and managing contracts to ensure compliance with company policies, legal requirements, and business objectives . This role partners closely with Structuring and Origination, Front Office Trading, Legal, Procurement, Finance, Risk Management , and business stakeholders to mitigate contractual risks and support operational efficiency. This position is open to two P-levels : Senior Financial Risk Analyst (Grade 7 / P3 – Career Professional) and Principal Financial Risk Analyst (Grade 8 / P4 – Specialist Professional) . The level at which an offer is made will be determined based on the selected candidate’s qualifications, skills, and experience. Job Overview The addition of a Contracts Analyst is critical to support increasing contractual complexity, regulatory requirements, and operational demands across energy trading, settlements, and contracts functions. This role will reduce financial risk, improve contract lifecycle efficiency, and strengthen compliance—particularly in preparation for evolving market structures such as EDAM. Drafted, analyzed, and redlined NDAs, MSAs, and SOWs while ensuring alignment with legal standards and commercial objectives . Ability to read, interpret, and analyze contracts for risk and compliance. Identify unfavorable or non-standard terms. Understand clause interaction and downstream impacts. Summarize contract terms and provide recommendations to stakeholders . This role supports power wholesale market management by identifying and analyzing potential contractual risks, strong knowledge and familiarity with master agreements , e nsur ing contracts comply with applicable laws, regulations, and internal policies . Support regulatory, audit, and risk management reviews and m onitor changes in contract related policies or standards . Protect s the organization’s financial, legal, operational, and reputation interests . Key Responsibilities Responsibilities for this role are determined by P-level and are outlined separately below. Responsibilities – Senior Financial Risk Analyst (Grade 7 / P3) Compliance and Risk Management Ensure contracts comply with applicable laws, regulations, and internal policies Support regulatory, audit, and risk management reviews Monitor changes in contract related policies or standards Contracts Terms Coordinate the negotiation of contracts terms with vendors and counterparties (including guarantees, letters of contracts , contracts support annex, etc.). Enterprise Risk Management Develops contract risk definitions; works with management to design, implement and sustain an effective risk management program and coordinates efforts across the organization to ensure alignment with program objectives . Risk Analysis Conducts analyses and develops reports across complex data sets requiring unique/new analysis approaches; develops reports containing recommendations for management and works with internal clients to implement approved recommendations. Design and implement controls for contract accuracy and settlement alignment. Support SOX controls including contract review, approval workflows, and documentation. Ensure segregation of duties and proper approval authority in contract execution. Regulatory Analyses Evaluates contracts to ensure compliance with applicable laws, regulations, and regulatory expectations throughout the contract lifecycle. Data Management Tools Leads increasing efficiency of business processes (automated and manual) and data gathering/processing for analysis and reporting purposes. Contracts Management Maintains, makes recommendations for improvement and updates contracts policies, procedures and scoring matrices; trains others in contract s review and analysis; performs contracts risk analyses; makes recommendations to management on appropriate actions ; negotiates and prepares letters of agreements . Responsibilities – Principal Financial Risk Analyst (Grade 8 / P4) Contracts Risk Assessment Leveraging the analysis of others, identifies broad risks to the company and leads the development and implementation of recommended mitigation strategies; establishes and maintains department's operating plans and budgets related to specific mitigation strategies; works, leads, and/or coordinates work with outside specialists and effectively leads/teaches others how to interpret and perform complex analysis. Contracts Terms Provides oversight/leadership to team on negotiating contracts terms with vendors and counterparties (including guarantees, letters of agreements , contracts support annex, etc.). Enterprise Risk Management Develops common definitions of risk for the entire organization; works with executive management to design, implement and sustain an effective risk management framework and program and coordinates efforts across the organization to ensure alignment with program objectives ; reports out to executive senior leadership and Board of Directors. Risk Analysis Leads analyses and report development for companywide risk analysis assessments; leads analyses, reporting and implementation of counterparty/vendor contracts review and risk mitigation . Regulatory Analyses E valuat es contracts to ensure compliance with applicable laws, regulations, and regulatory expectations throughout the contract lifecycle. Data Management Tools Serves as an expert resource in the organization's risk management tools. Contracts Management Serves as an expert resource and consultant in the organization on how to analyze contracts risk and develop contracts risk mitigation strategies ; maintains, makes recommendations for improvement, and updates corporate contracts policies, procedures and scoring matrices; trains others in contracts review and analysis ; performs contracts analyses and makes recommendations to management on appropriate actions; negotiates and prepares letters of agreements . Education / Experience / Certifications Education Requires a bachelor’s degree in accounting/finance/economics /legal studies or other related field or equivalent experience. Experience P3: Typically five or more years in related field P4: Typically eight or more years in related field Minimum Competencies Functional Competencies Proficiency by level: P3: Advanced P4: Advanced Advanced knowledge of risk management concepts including disputes and litigation , n on-compliant data privacy clauses , m issing governing law or jurisdiction , p oorly defined service levels (SLAs) , and i nvalid limitation of liability . Advanced financial modeling skills and experience using Microsoft Excel General Competencies Proficiency by level: P3: Intermediate to Advanced P4: Advanced Enterprise/business acumen Decision-making skills Written and oral communication skills Negotiation and diplomacy skills Organization and prioritization skills Analytical thinking skills Physical, Schedule/Attendance, and Cognitive Demands The following requirements apply to both P-levels of this position. Driving/travel/commute: Daily within service territory - Frequently (at least once a week or more) Driving/travel/commute: Overnight inside/outside the service territory - Occasionally (one to two times a month or less) Computer use (use computer regularly for entire work shift) Environment Office Hybrid : onsite 3 days per week, and remote 2 days per week Actual total compensation, including a performance based incentive bonus, is commensurate with experience, skills, qualifications, education, training, and internal equity. PGE believes in rewarding dedicated performance. We provide a total rewards package that is designed to reward your contributions to the company, and, at the same time, support your well-being and professional development, both now and into the future. To find out more, click here . Join us today and power your potential! Assisting with storms or other Company emergencies is a part of all positions at Portland General Electric. PGE is an equal opportunity employer and is committed to fostering a workplace where employees feel connected, valued, and empowered to thrive. PGE will not discriminate against any employee or applicant for employment based on race, color, national origin, gender, gender identity, sexual orientation, age, religion, disability, protected veteran status, or other characteristics protected by law. PGE does not discriminate on the basis of disability. We recognize individuals have a variety of abilities to offer and we believe there is much to value and celebrate by incorporating different abilities into the work we do. One very important way we live this out is in our application and interview process. We work hard to support individuals who may need an accommodation to fully participate in these processes. If you feel you may need an accommodation, or would like to request one, please notify the Recruiter associated with the job posting. You may also make this request by contacting [email protected] or by calling 503-464-7250. The Recruiter will provide information and next steps for the accommodation process. To be considered for this position, please complete the following employment application by the posting close date. Posting closes at midnight (Pacific Time) on the closing date below. If no date is listed, job is open until filled.