Chief of the Planning and Procurement Bureau, Illinois Power Agency
Chicago, IL, US, 60602-4602
Agency: Illinois Power Agency
Closing Date/Time: TBD
Salary: $102,698.45
Job Type: Exempt
County: Cook
Number of Vacancies: 1
Plan/BU: N/A
Work Hours: M-F, 9AM to 5PM
Work Location: 105 West Madison Street
Suite 1401
Chicago, IL 60602
Agency Contact: ipa.contactus@illinois.gov
Job Function: Energy/Utilities
Risk Management
Fiscal/Finance/Business
Position Summary
The Agency is seeking an experienced and qualified professional to fulfill the responsibilities of the Chief of the Planning and Procurement Bureau. In accordance with Section 1-70(c) of the Illinois Power Agency Act (“IPA Act”) (20 ILCS 3855), the Bureau Chief shall have at least five years of direct work experience in electricity supply planning and procurement, and hold an advanced degree in risk management, law, business, or a related field.
Under the authority and direction of the Director of the Agency, the Bureau Chief will have direct leadership and management responsibilities for the development, approval, and implementation of various procurement plans. The Bureau Chief will supervise internal resources that provide data analysis in support of developing and implementing hedging strategies, management of the electric power supply portfolio, management of the renewable energy credits portfolio, determination of procurement targets, and management of budgets and costs.
The Bureau Chief will directly manage external consultants that provide technical support and consulting services to assist the IPA in developing and implementing procurement plans.
Minimum Requirements:
- Advanced degree in risk management, law, business, or a related field
- At least five years of experience in electricity supply planning and procurement, and related quantitative analysis
Preferred Qualifications:
- Five years of experience managing external consultants
- Five years of leadership and supervisory experience
- Excellent verbal and written communication skills
- Excellent interpersonal skills
- Ability to work independently in an entrepreneurial office environment
- Working knowledge of:
- Electric energy and capacity markets, and power trading
- Hedging strategies and risk management
- Electric power supply portfolio management
- Renewable energy markets
- Familiarity with:
- Power project development
- Interconnection of electric power systems
- REC tracking systems (PJM-GATS and M-RETS)
- ISO power systems operations
- Illinois retail electricity markets
- Electric utility rates and tariffs
Employment by the Agency as Chief of the Planning and Procurement Bureau is subject to the following requirements of the IPA Act:
- The Chief of the Planning and Procurement Bureau shall not, for two years prior to appointment or for two years after he or she leaves his or her position, be employed by an electric utility, independent power producer, power marketer, or alternative retail electric supplier regulated by the Illinois Commerce Commission or the Federal Energy Regulatory Commission. See 20 ILCS 3855/1-70(f).
- The Bureau Chief is prohibited from: (i) owning, directly or indirectly, 5% or more of the voting capital stock of an electric utility, independent power producer, power marketer, or alternative retail electric supplier; (ii) being in any chain of successive ownership of 5% or more of the voting capital stock of any electric utility, independent power producer, power marketer, or alternative retail electric supplier; (iii) receiving any form of compensation, fee, payment, or other consideration from an electric utility, independent power producer, power marketer, or alternative retail electric supplier, including legal fees, consulting fees, bonuses, or other sums. These limitations do not apply to any compensation received pursuant to a defined benefit plan or other form of deferred compensation, provided that the individual has otherwise severed all ties to the utility, power producer, power marketer, or alternative retail electric supplier. See 20 ILCS 3855/1-70(g).
For more information on the Illinois Power Agency, please see: www.illinois.gov/ipa
To apply, please submit a cover letter, resume and three professional references along with your online application.
No phone calls please.
The Illinois Power Agency is an Equal Opportunity/Affirmative Action employer.