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Portfolio Manager

Date: Jan 29, 2023

Location: Honolulu, Hawaii (HI), US, 96813

Company: hawaiianel

We recognize our competitive advantage -- our people. We believe in our people, who share our vision of meeting the needs of our employees, customers, and communities and who carry out the continued success of the company.

 

Our employees are committed to the company's foundational values: integrity, excellence, teamwork, environmental stewardship, and community commitment. In turn, we invest in our employees, providing opportunities for challenge and advancement and offering a competitive compensation package.

 

 

BRIEF POSTING DESCRIPTION:

The P PE INVESTMENT PLANNING Department of the P INVESTMENT PLANNING & STRATEGY Division at Hawaiian Electric Company has one (1) Management vacancy available. (Role: PROFESSIONAL)

 

JOB FUNCTION:

Establishes and ensures achievement of annual, multi-year, and long-term (5-10 years) investment objectives for projects and programs that drive performance of asset sustainment, reliability, resiliency, renewable integration, and service for Oahu, Maui County, and Hawaii Island. Establishes, ensures, and validates performance-based investments.

 

Determines and communicates a holistic and integrated plan of T&D asset work to establish the investment portfolio. Coordinates across multiple divisions as part of the asset investment planning process, including plan establishment and execution review. Strategizes action plans to determine, recommend, and facilitate achievement of  goals and investment outcomes using Key Performance Indicators (KPIs). Executes budget development, work planning, prioritization, and decision-making process for review and approval by an executive oversight committee.

 

ESSENTIAL FUNCTIONS:

  • Develops and implements the annual, multi-year, and long-term (5-10 years) T&D asset budget through the collaboration with other departments across the company to achieve goals and performance levels through:
    1. Identifying and validating projects and programs, scope, schedule, and financial justification approved for implementation;
    2. Understanding the impact of project additions and/or changes on resources, construction sequencing and delivery, as well as interdependencies across projects and programs;
    3. Developing the prioritized T&D asset portfolio for business planning and execution;
    4. Determining the budget allocations for other Divisions;
    5. Determining if investments and strategies realized meet expected performance levels and master plan goals.
  • Interfaces with Finance, Energy Delivery, Project Initialization, and other divisions to ensure the T&D asset budget is coordinated and aligned with projects and programs that support the asset strategies, as well as corporate strategic goals, priorities, and business plans.
  • Collaborates with key areas to strategically analyze and summarize the asset strategy and T&D asset information into cohesive reports with explanations for all significant asset strategy results along with correlating budget and/or schedule actual versus planned information in an accurate and timely manner. Identifies emerging trends in actual schedule and cost information, including upcoming forecasts in correlation to work performed In collaboration with key strategy stakeholders, strategizes and develops recommended course adjustment options to facilitate achievement of goals and KPIs. Drives for commitment and ensures work products and budgets are updated accordingly. Escalates decision making to Senior Leadership, as appropriate.
  • Organizes and leads monthly budget and work plan meetings to review work product realization and scope, schedule, and cost variances. Supports coordination of review and approval with executive oversight committee, provides effective, timely, and accurate reports in advance of meetings, as well as other meetings requested by leadership. Develops presentation materials appropriate for the audience. Presents at internal and external meetings.
  • Drives efficiency through the utilization of standardized T&D engineering designs and materials. Works with the Conceptual Engineering Department and other internal departments to ensure that work initiated is supported by purchasers and suppliers that provide materials and equipment consistent with design specifications and technical requirements.
  • Collects, maintains, analyzes, and interprets data and metrics to track project progress and performance, including division and process area performance-based metrics. Prepares and presents project progress and performance reports internally and externally as required.
  • Obtains and analyzes financial information for regulatory proceedings, including all company rate cases, for respective process area witnesses to prepare their respective testimonies, exhibits and workpapers. Ensures compliance with internal and external financial requirements, regulations, and approvals (e.g., SOX, SEC, etc.)
  • Keeps up-to-date with the latest thinking, leading practices, tools, and techniques in project management and capital budgeting within the utilities industry as well as other relevant industries. Participates and represents Hawaiian Electric (preferably in leadership roles) on industry and/or general project management and capital budget committees/task forces to identify emerging project management and budgeting issues and develop forward-thinking recommendations and guidelines.
  • Supports the Investment Planning Manager in the development of systems, processes, procedures, etc. to facilitate the smooth and effective functioning of the department.
  • Participates in Company emergency response activities as assigned, including any activities required to prepare for such emergency response.

 

BASIC QUALIFICATIONS:

Knowledge Requirements

  • Working knowledge of project and program management, budgeting processes, work plan development, tracking, and variance analysis, including Earned Value (EV) analysis.
  • Working knowledge of T&D capital projects and programs.
  • In depth knowledge of Company processes including budgeting, regulatory, and material procurement.
  • Working knowledge of system planning, design, permitting, engineering, and construction practices.
  • In depth knowledge of utility finance, cost accounting principles, utility accounting, budgeting concepts, and forecasting principles.
  • Working knowledge of asset strategies, including reliability and resiliency plans, and how these are translated into executable T&D capital projects and programs.
  • Working knowledge of utility operations related to electric transmission, substations, and distribution systems.
  • Working knowledge of personal computers and related software applications such as MS Project, UI Planner, Ellipse, Microsoft Word, Excel, Power Point, Access, SAP, CIS, etc.

 

Skills Requirements

  • Team Leadership:  Expert ability to work with a variety of individuals occasionally dealing with sensitive, difficult, or confrontational issues and the ability to handle such issues with professionalism by using tact, courtesy, respect, and discretion. Advanced ability to identify individuals with skills to effectively function in a team environment and produce desired results. Expert ability to contribute and provide direction, support, and encouragement to collaboratively make decisions and achieve goals and objectives.
  • Project Management: Must possess the ability to manage multiple large extremely complex electric utility type of projects, programs, and issues with minimal or no supervision or direction, within a very high-pressure environment. Expert ability to plan, organize, secure, and manage resources to achieve objectives to budget, scope, and schedule.
  • CommunicationExpert written, oral, presentation, and listening communication skills. Expert ability to articulate ideas and concepts clearly and concisely.
  • Presentation: Expert ability to prepare and deliver effective presentations to small and large groups, including at an executive level.
  • Decision Making:  Expert ability to select a course of action among several options.
  • Interpersonal: Advanced ability to relate to and interact with other people to reach objectives. Strong interpersonal skills to direct, influence, motivate and persuade various groups or individuals.  Appreciates the agendas and perspectives of others. Develops effective give-and-take relationships.  Ability to work collaboratively as a member of a team.
  • Professionalism: Advanced ability to handle difficult, confrontational, and/or sensitive issues while using tact, courtesy, and discretion, respect, and fairness.
  • Conflict Resolution: Expert ability to use communication, negotiation, and problem-solving skills to resolve conflicts between parties.
  • Negotiation: Expert ability to listen and develop alternative solutions that will result in a variety of constituents reaching agreement on a course of action.
  • Critical Thinking and Problem Solving: Expert ability to understand and accurately define problems, analyze and synthesize information, identify and evaluate solution options, and render sound decisions. Expert ability to conceptualize new ideas and deal effectively with incomplete, inconsistent, or conflicting information.
  • Analytical: Expert ability to create and interpret trends, models, forecasts, and simulations.  In-depth analytical, computational, organizational, and time-management skills to handle various projects.
  • Computer: Advanced expertise with personal computers and/or other systems and related software applications such as project scheduling/management, spreadsheets, databases, word processing, etc.
  • Internal and External Relationship: Expert ability to manage people at all levels within the company, including management and executive level.  Expert ability to develop/maintain strong positive relationships with leaders and members of the community and government.
  • Personal: Expert ability to plan, prioritize, schedule, and manage time and work to complete tasks and meet deadlines, while handling multiple assignments and remaining flexible in a demanding work environment to adapt to rapidly changing priorities and strategic direction.  Advanced ability to conceptualize new ideas quickly.

 

Experience Requirements

  • Bachelor’s degree in Engineering or Accounting/Finance is required.
  • Professional Engineer License or equivalent is highly desirable.
  • Master’s degree in Business Administration is highly desirable.
  • Project Management Professional (PMP)® certification by the Project Management Institute (PMI) is highly desirable.
  • Extensive (8+ years) experience as a project/program manager, construction manager, designer, or engineer, with large complex projects, preferably within the electric utility industry.
  • Several (3-5) years regulatory experience in matters before the Hawaii Public Utilities Commission or equivalent agency with ratemaking jurisdiction for electric utilities.

 

Role: PROFESSIONAL 

Number of Vacancies: 1

Work Schedule: Monday - Friday

Work Hours: 7:00 am - 3:30 pm 

Location: HECO Ward Avenue  – Oahu 

Hiring Range: The hiring range for the Portfolio Manager [Req ID 7825] position is 101,500.00 to 131,800.00. The person selected will be placed according to his/her skills and qualifications. The hiring supervisor is KEITH MARK K H WONG.

 

About Hawaiian Electric Companies
Hawaiian Electric Companies provide electricity and services to 95 percent of the state's 1.4 million residents. The company is also one of the state's leading employers and a major contributor and supporter of community and educational programs.

 

The demand for power that has fueled the growth of the Hawaiian Islands has been met by Hawaiian Electric Companies for well over a century. And as the next millennium unfolds, the company is committed to providing quality service and seeking clean local energy sources to power generations of Hawaii families and businesses to come. Visit us at http://hawaiianelectric.com.

 

Interested individuals should apply online. The application must clearly indicate the demonstrated experience/knowledge/skills/abilities the candidate possesses which specifically qualifies him/her for the position.

 

Should there be no candidates with this experience, the company may consider applicants without such experience who meet the knowledge/skill requirements. If such a candidate is hired, he or she will initially be placed on a development plan commensurate with his/her education and experience level.

 

Applicant Certification
By submitting an application for the position, candidates:
1. Authorize the Hawaiian Electric Companies to confirm all statements contained in the application and/or any materials submitted and made a part of the application as they relate to the position and to the extent permitted by law;
2. Authorize and consent to, without reservation, the Hawaiian Electric Companies sharing any and all information regarding previous or present employment, educational training or personal information from their records and from any other source with the hiring department or subsidiary company;
3. Release, discharge, and hold harmless, Hawaiian Electric Companies, from any and all liability for any damage which may be claimed as a result of furnishing such information to the hiring department or subsidiary company;
4. Authorizes release and transfer of all personnel records to be maintained by the hiring company in the event of an inter-company transfer; and
5. Authorize, direct, and consent to Hawaiian Electric Companies and/or its authorized agents to conduct investigations into candidates' background. These investigations may include, but are not limited to searches for information about applicants; record of criminal convictions to the extent permitted by law, education records, professional certifications, personal character references, and employment history.

 

EEO Statement
Hawaiian Electric Companies is an equal employment opportunity/affirmative action employer. We actively seek diversity among our employees. We do not discriminate on the basis of age, race, color, religion, sex/gender (including gender identity/expression), ancestry/national origin, disability, marital status, arrest and court record, sexual orientation, pregnancy, veteran status, genetic information, domestic or sexual violence victim status, or other protected categories in accordance with state and federal laws. We further encourage individuals with disabilities, minorities, veterans and women to apply.

 

Hawaiian Electric Companies complies with Title I of the Americans with Disabilities Act. Any request for reasonable accommodation needed during the application process should be communicated by the candidate to the HR Service Center at (808) 543-4848.

 

Affiliate Disclaimer
Hawaiian Electric Company, Inc., Maui Electric Company, and Hawaii Electric Light (“Company”) are Hawaii Public Utilities Commission (“PUC”) regulated companies. The disclosure relating to Affiliate Transaction Requirements that follows is made pursuant to the PUC’s Decision and Order No. 35962, issued on December 19, 2018, and subsequently modified by Order No. 36112, issued on January 24, 2019 in Docket No. 2018-0065.

By submitting your application, you understand and acknowledge that, if you are hired by the Company and subsequently transferred, assigned or otherwise employed by an Affiliate, said Affiliate will be required to make a one-time payment to the Company in an amount up to twenty-five percent (25%) of your base annual compensation.  

In addition, if you are hired by the Company and subsequently transferred, assigned or otherwise employed by an Affiliate or an Affiliate-Related Entity, for a period of one year, you cannot appear in negotiations or otherwise interact directly with the Company or work on the same matter that you worked on while with the Company. 

Affiliate is defined as “any person or entity that possesses an ‘affiliate interest’ in a utility as defined by section 269-19.5, Hawaii Revised Statutes (“HRS”), including a utility’s parent holding company, except as otherwise provided by HRS section 269-19.5(h).”

Affiliate-Related Entity is defined as “a third party that provides electricity-related services in a regulated utility’s service territory that has a material financial, operational, or ownership interest with an unregulated affiliate of the utility and of whom the utility has reasonable knowledge.” 

For a current list of all Affiliates and Affiliate-Related Entities, please see:

https://www.hawaiianelectric.com/about-us/key-performance-metrics/financial/affiliate-transactions

This list may be amended, updated or revised from time to time without notice.  


Nearest Major Market: Honolulu
Nearest Secondary Market: Hawaii