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,