Manager Renewable and Carbon Portfolio Planning

Description

The Manager of Renewable & Carbon Portfolio Planning will lead the Renewable and Carbon Credit Portfolio team, overseeing RPS and carbon‑credit compliance, regulatory filings, and portfolio valuation to achieve financial and environmental objectives. This role involves cross‑functional collaboration, strategic long‑term planning, and providing forecasts and analysis to guide executive decisions.

The manager will develop and implement compliance and portfolio strategies, supervise and develop staff, maintain relationships with agencies such as the California Energy Commission and CARB, and ensure accurate reporting and forecasting for senior leadership.

Key responsibilities include managing the REC and carbon‑allowance portfolios, ensuring RPS and PSD compliance, serving as the subject‑matter expert on regulatory changes, producing forecasts and models, supporting integrated resource planning, and overseeing budgeting, project execution, and staff performance.

• Manage SMUD’s Renewable Energy Credit (REC) and carbon‑allowance portfolios to maximize value and ensure compliance with California RPS and CARB requirements.
• Develop and execute long‑term compliance and portfolio strategies, including use of Cap‑and‑Trade allowances.
• Oversee regulatory filings such as RPS and Power Source Disclosure (PSD) and act as subject‑matter expert on CEC and CARB rule changes.
• Produce forecasts, models, and analytical reports to support executive decision‑making and integrated resource planning.
• Supervise, train, and mentor a cross‑functional team, conduct performance evaluations, and maintain a safe work environment.
• Monitor and manage budget expenditures, develop budget recommendations, and ensure projects stay within scope, schedule, and quality standards.
• Coordinate with resource planning, finance, legal, and external agencies to align portfolio activities with organizational goals.
• Present portfolio performance, market trends, and regulatory impacts to senior management and the Board.

Requirements

Candidates must hold a bachelor’s degree in business, economics, finance, engineering or a related field (or equivalent experience) and have at least five years of forecasting and economic analysis experience combined with five years of supervisory or managerial experience. A minimum of nine years of relevant experience is acceptable in lieu of a degree.

Preferred qualifications include experience managing multi‑million‑dollar renewable or carbon‑credit portfolios, expertise in California RPS and CARB regulations, advanced quantitative analysis using tools such as Excel or Power BI, and a proven record of leading cross‑functional teams and delivering executive‑level presentations.

• Hold a bachelor’s degree in business, economics, finance, engineering or related field (or 9+ years equivalent experience).
• Possess at least five years of forecasting/economic analysis experience and five years of supervisory or managerial experience.
• Demonstrated experience managing multi‑million‑dollar renewable or carbon‑credit portfolios and interpreting California energy market regulations.
• Advanced proficiency in quantitative analysis and reporting tools (e.g., Excel, Power BI, energy market modeling software).

Benefits

The position offers a salary range of $159,577.60 to $211,473.60 and is a civil‑service, open posting with an application deadline of February 2, 2026.

Sacramento Municipal Utility District (SMUD) has been providing reliable, affordable electricity for over 75 years and is recognized as a progressive, publicly owned utility. SMUD’s mission focuses on delivering clean, affordable power while leading the transition to zero‑carbon energy, and employees benefit from a supportive culture, competitive compensation, comprehensive benefits, and growth opportunities.

SMUD is committed to diversity, equity, inclusion and belonging, offers CalPERS pension benefits, hybrid work with onsite requirements, and is located in Sacramento, a vibrant city with strong cultural, educational, and recreational amenities.

Training + Development

Interview process

Visa Sponsorship

Security clearance