Job Title: Analyst, Credit - Ld/Sr
Department: Risk Management II
Reports to: Manager - Credit
Location: In Office, Portland OR
The base salary range for this position is dependent upon experience and location, ranging from: $92,185.60 - $115,232
The Senior Credit Analyst will provide timely and sound credit reviews of energy trading counterparties, equipment vendors, and project suppliers to the Risk, Purchasing, and Development organizations, acting as the primary analyst for all types of credit memos.
Position Description
The position will also serve as back up support for Power and Collateral Desks and will complete detailed credit analysis, negotiate enabling agreements for potential trading Counterparties, and negotiate collateral instruments, making timely decisions and recommendations.
Key Responsibilities
Evaluate the creditworthiness of energy trading counterparties, equipment vendors, and project suppliers by performing financial and qualitative analysis, prepare credit memorandums to recommend credit limits for approval, perform ongoing credit evaluation on counterparty financial performance.
Implement the established corporate credit policies for the investigation, monitoring and reporting of all credit-related exposures company-wide, including all facets of electricity, RECs, and derivatives trading.
Contribute to the identification and mitigation of credit risks within the company and provide alternatives and recommendations to internal and external customers.
Work closely with Risk Management and Energy Trading personnel on short- term (< 1 year) and mid-term (1-5 years) deal structuring and approval.
Review and negotiate collateral documents, including parental guarantees, letters of credit, prepayment agreements and escrow agreements.
Monitor counterparty credit exposure daily, assess changes in credit exposure, make credit decisions within delegated approval authority levels and recommendations to Credit Manager and/or Director of Credit based on evaluation of credit exposure reports.
Additional Responsibilities
Contribute to the development of Company Credit Strategy.
Review, assess and negotiate the credit aspects of contracts related to power, RECs, and derivatives trading.
Undertake special projects as assigned.
Adhere to effective internal controls.
Required Qualifications
Minimum 5 years’ experience in the field of Credit, Energy Trading and/or Risk Management. Candidates with less experience may be considered at a lower level.
B.S. in Accounting, Finance or related field or the equivalent combination of education and experience.
Knowledge of Electricity and REC Trading.
Familiarity with Electricity and Renewable Energy Certificates Master/One off Agreements, ISDA Agreements, EEI Agreements, REC Agreements, Confirms, Netting Agreements, and collateral documents, including Guarantees, Letters of Credit, Escrow Agreement and Surety Bonds.
Strong analytical skills.
Proficiency in Microsoft Office Programs, with an emphasis on Word, Excel, and Power Point.
Ability to work with trading and risk management software systems and the ability to work in a fast-paced environment.
Preferred Qualifications
MBA or related Master’s Degree.
Additional Success Factors
Ability to navigate and succeed in a highly matrixed reporting
Mobility Information
Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country
AVANGRID’s employment practices and policies are geared to hiring a diverse workforce and sustaining an inclusive culture. At AVANGRID we provide fair and equal employment and advancement opportunities for all employees and candidates regardless of race, color, religion, national origin, gender, sexual orientation, age, marital status, disability, protected veteran status or any other status protected by federal, state, or local law. If you are an individual with a disability or a disabled veteran who is unable to use our online tool to search for or to apply for jobs, you may request a reasonable accommodation by contacting our People and Organization department at careers@avangrid.com
Avangrid employees may be assigned a system emergency role and in the event of a system emergency, may be required to work outside of their regular schedule/job duties. This is applicable to employees that will work in Connecticut, Maine, Massachusetts, and New York within AVANGRD Network and Corporate functions. This does not include those that will work for Avangrid Renewables
Job Posting End Date:
December-31-2024