Portfolio Manager Jobs in California

INTRODUCTION

Meta's Global Energy Team is seeking an energy professional to manage wholesale energy and capacity contracts throughout the transaction lifecycle—from execution through settlement and ongoing operational compliance. This role is critical to ensuring Meta's wholesale supply portfolio is actively managed, commercially optimized, and aligned with the company's growth, cost, and reliability objectives. In this role, you will be a key contributor on the Energy Portfolio Management team under Meta's Energy Infrastructure Strategy and Investments. You will be responsible for managing a portfolio of wholesale energy and capacity agreements including: contract compliance and administration, financial and operational performance monitoring, settlement tracking, counterparty management, and coordination with Meta's market-participating affiliate and/or third-party portfolio managers. You will monitor budget-to-actual performance across the wholesale portfolio, identify and escalate commercial or regulatory risks, and drive process improvements that enable the team to scale.

Energy Portfolio Manager, Wholesale Responsibilities:

• Serve as the ongoing owner for post-execution management of Meta's wholesale energy and capacity contracts—including bilateral PPAs, tolling agreements, energy hedges/forwards, and capacity transactions
• Monitor and enforce counterparty compliance with contract deliverables, including energy delivery schedules, capacity accreditation requirements, and settlement obligations
• Coordinate with Meta's Energy Analytics team, market-participating affiliate, and/or third-party portfolio managers to track financial performance, manage transaction settlement and scheduling, and ensure market compliance—identifying variances, root causes, and escalating issues as appropriate
• Manage contract amendments, collateral requirements, credit provisions, force majeure claims, and other post-execution commercial matters under ISDA/EEI master agreements
• Maintain organized, auditable contract documents and data within team systems (Salesforce, shared drives, and portfolio management tools)
• Surface and resolve issues across the wholesale portfolio, including regulatory and compliance matters (FERC, RTO/ISO, NERC)
• Develop structured recommendations with options and tradeoffs for leadership review
• Coordinate with internal partners including legal, finance, accounting, tax, and the broader Energy team to ensure alignment on wholesale supply operations
• Contribute to the development of tools, processes, and reporting that enable scalable portfolio management as wholesale positions grow
• Support continued evolution and execution of Meta's wholesale supply strategy, including feasibility assessments for new transaction structures

MINIMUM QUALIFICATIONS:

• Bachelor's degree in business, finance, engineering, energy, or related discipline
• Deep knowledge of bilateral and organized wholesale market constructs (e.g., PJM, ERCOT, SPP, MISO, CAISO) and the commercial mechanics of capacity, energy, and ancillary service transactions
• Experience analyzing wholesale energy transaction financial performance and coordinating with market-participating entities, scheduling coordinators, or third-party portfolio managers to identify variances and build recommendations
• Demonstrated ability to synthesize complex market, contractual, and regulatory information into clear, structured communications for leadership and cross-functional partners
• 7+ years of experience in wholesale energy markets, power trading operations, or energy portfolio management with an electric utility, power marketer, RTO/ISO, energy trading firm, or large energy consumer
• Experience managing post-execution wholesale energy and capacity contracts, including settlement, scheduling, compliance, and counterparty management
• Experience working with ISDA/EEI master agreements, confirmations, credit provisions, and collateral management
• Working knowledge of FERC regulatory frameworks and RTO/ISO market rules sufficient to identify compliance considerations and escalate appropriately
• Experience managing multiple concurrent commercial matters and collaborating across legal, finance, accounting, and operational teams

PREFERRED QUALIFICATIONS:

• Experience working with AI tooling to drive operational efficiency
• Experience with energy risk management frameworks, including mark-to-market tracking and position reporting
• 10+ years of experience in wholesale energy portfolio management or power trading operations
• Experience in both regulated/bilateral markets and organized RTO/ISO markets
• Proficiency in standard document and analytics platforms (Excel, Google Workspace, Salesforce)
• Demonstrated ongoing AI skill development (e.g., prompt/context engineering, agent orchestration) and staying current with emerging AI technologies
• Experience adhering to and implementing responsible, ethical AI practices (e.g., risk assessment, bias mitigation, quality and accuracy reviews)
• Familiarity with capacity accreditation processes, resource adequacy requirements, and grid interconnection mechanics
• Experience building or improving portfolio management tools, dashboards, or reporting systems
• Demonstrated ability to integrate AI tools to optimize/redesign workflows and drive measurable impact (e.g., efficiency gains, quality improvements)

ABOUT META:

Meta builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology. People who choose to build their careers by building with us at Meta help shape a future that will take us beyond what digital connection makes possible today—beyond the constraints of screens, the limits of distance, and even the rules of physics.

Meta is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law. Meta participates in the E-Verify program in certain locations, as required by law. Please note that Meta may leverage artificial intelligence and machine learning technologies in connection with applications for employment.

Meta is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please let us know at accommodations-ext@meta.com.

COMPENSATION

• $160,000/year to $232,000/year + bonus + equity + benefits

Individual compensation is determined by skills, qualifications, experience, and location. Compensation details listed in this posting reflect the base hourly rate, monthly rate, or annual salary only, and do not include bonus, equity or sales incentives, if applicable. In addition to base compensation, Meta offers benefits. Learn more about benefits at Meta.