Oglethorpe Power Corporation
Credit Risk Analyst
Job Location
Job Description
This will be a dynamic position within the CFO organization, which will identify, analyze, monitor, and manage corporate credit risks. Specifically, this position will include the following responsibilities.
- Review, analyze, and monitor credit for energy counterparties, business partners, and key vendors/service providers.
- Develop and implement methodologies for internal credit review process including coordinating activities with internal credit committees.
- Monitor compliance with credit policy and standard credit provisions established for master contracts.
- Provide credit recommendations to and solicit feedback from senior management and individuals throughout the company.
Position will also require the development of strong relationships with Oglethorpe's Fuels, Treasury, Planning, Legal, and Planning Departments as well as the ACES Power Marketing's Credit Department.
Job Duties:
- Review, analyze, and monitor credit for energy counterparties, business partners, and key vendors/service providers. Activities include reviewing and supplementing credit reviews provided by service provider (ACES Power Marketing) for energy counterparties; preparing creditworthiness assessments for business partners and key vendors/service providers; monitoring changes to the creditworthiness of energy counterparties, business partners, and key vendors/service providers; monitoring and analyzing overall corporate credit exposure; maintaining corporate credit files and records (e.g., credit review documentation); providing credit limit/restriction recommendations; providing ad hoc credit analyses on transactions/contracts; and providing monthly, quarterly, and ad hoc credit reports.
- Develop and implement methodologies for internal credit review process. Responsibilities include coordinating the meetings and activities of the internal credit committee; serving as a member of internal credit committee; developing solutions to improve upon existing credit policies, processes, procedures; facilitating the receipt of the required credit limit approvals, including potential approvals from Oglethorpe's Risk Management & Compliance Committee and Chief Financial Officer.
- Monitor credit exposure in compliance with credit policy and master contract standards. Activities include reviewing and negotiating credit provisions within master electricity and gas contracts; maintaining copies of letters of credit and counterparty guaranty documents; monitoring collateral/margin posting activity; and monitoring compliance with Oglethorpe's credit policy.
Required Qualifications:
Education: Bachelor's degree in Finance, Accounting, or other related fields.
Experience: 4-5+ years of experience performing analysis and assessment of credit risk and managing credit risk programs.
Equivalent Experience: 3-6+ years of progressive financial, business or equity analysis. Energy experience would be a strong plus.
Specialized Skills: Banking and/or Energy experience as well as Bloomberg knowledge would be a plus. Moderate to advanced knowledge of Microsoft Excel is strongly preferred. Strong organizational, interpersonal, and written and oral communication skills are also desired.
Location: Tucker, GA, US
Posted Date: 10/31/2024
Contact Information
Contact | Human Resources Oglethorpe Power Corporation |
---|