Senior Utility Credit Analyst (81926)
Senior Utility Credit Analyst (81926)
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Job Description
Requisition:81926
PSEG Company:Public Service Electric & Gas Co.
Salary Range: $91100 $161900
Work Location Category:Hybrid Flexible
PSEG operates under a Flexible Work Model where flexible work is offered when job requirements allow. In support of this model roles have been categorized into one of four work location categories:
Onsite are roles that have specific onsite requirements and are typically onsite daily.
Hybrid fixed are roles that are a blend of onsite work/inperson interactions with some ability to work remotely and require employees to live within a commutable distance and be onsite fixed days each week.
Hybrid flexible are roles that can be performed remotely but require some level of onsite work/inperson interactions on a regular basis require employees to live within a commutable distance and since business needs vary by position and may change over time managers will set expectations and flexibility regarding where and when work is performed.
Fully remote are roles that can be performed remotely require employees to live in approved states and will have purposedriven inperson interactions on occasion.
We want you to be healthy balanced and feel secure. Thats why youll enjoy a comprehensive range of benefits with a focus on supporting your whole health. Starting on day one of your employment youll be offered several healthrelated benefits including medical vision dental wellbeing and behavioral health programs. We also offer a retirement program 401(k) with company match company paid life insurance tuition reimbursement and a minimum of 18 days of paid time off per year (including vacation scheduled holidays and floating holidays).
PSEG offers a unique experience to our more than 12000 employees we provide the resources and opportunities for career development that come with being a Fortune 500 company as well as the attention camaraderie and care for one another you might typically associate with a small business. Our focus on combatting climate change through clean energy technology our new net zero climate vision for 2030 and enhanced commitment to diversity equity and inclusion; and supporting the communities we serve make this a particularly exciting time to join PSEG.
Job Summary
Work closely with the Manager of Energy Supply Administration and Enterprise Credit Risk Management to identify enforce and monitor counterparty credit issues. Implement corporate credit policy and procedures and perform credit reviews for electric and gas Third Party Suppliers Basic Generation Suppliers large gas customers/generators and other counterparties. Analyze financial statements credit rating agencies data and apply corporate credit models to manage and monitor credit risk daily. Responsible for continuous monitoring of counterparties financial condition to determine collateral requirements and recommend other measures to protect the financial integrity of the Company. Generate periodic and adhoc reports on the credit exposure of the Company used by Enterprise Credit Risk Management to develop the credit exposure for the Enterprise. Recommend new credit procedures in line with PJM credit policies and New Jersey Board of Public Utilities approved credit guidelines. Maintain and apply working knowledge of controls and meet managements expectations for effective internal business controls. Support supplier onboarding processes and effectively communicate contractual and credit requirements.
Job Responsibilities
- Perform credit reviews for TPS BGS electric and gas suppliers.
- Calculate and monitor the daily credit exposure from all the counterparties and determine the collateral requirements to enforce credit policies and procedures including executing margin calls.
- Make decisions and proactively resolve external counterparty issues.
- Generate monthly and ad hoc reports to management on current credit exposures and collateral held.
- Execute supplier onboarding process including contract execution initial security deposits and guide set up in PSE&G systems.
- Guide regulators PJM federal agencies in the credit requirements for electric and gas competitive markets.
Job Specific Qualifications
Required:
- BS degree and 5 years relevant work experience including business/financial experience. In lieu of a degree 9 years relevant work experience.
- Demonstrated knowledge and experience in financial statement analysis and/or credit risk analysis.
- Strong analytical and strategic thinking skills.
- Experience in database/spreadsheet management.
- Ability to take a leadership role in a project team identify objectives and develop plans and policies.
- Proficient in Microsoft Word Excel and other Data Management experience.
- Well organized and strong communication skills.
Desired:
- Demonstrated knowledge and experience in industry credit practices including counterparty risk analysis and security instruments.
- An understanding of electric & gas commodity markets and operations including ISO business operations and gas market operations.
- Knowledge of electric/gas industry credit policies and practices.
- Knowledge of NJ legislative and regulatory policies.
- Advanced degree or MBA.
Disclaimer
Certain positions at the Company may require you to have access to Part 810Controlled Information. Under the law the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information. Accordingly if the position does require access to this information you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form a copy of which will be provided to you by Talent Acquisition if an offer is made. If there is a need for specific authorization due to the time it takes to obtain authorization from the government we will likely not be able to further proceed with an offer.
If you are a current PSEG employee and if you are offered an opportunity with PSEG Long Island you will be treated as a new hire. Please note that as a new hire to the Long Island subsidiary your benefits will change and generally will be consistent with other similarly situated PSEG Long Island new hires. Similarly for PSEG Long Island employees who accept job opportunities with PSEG or any of its subsidiaries (other than PSEG Long Island) their benefits would change and generally be consistent with other similarly situated new hires of that company.
As an employee of PSE&G or PSEG LI you should be aware that during storm restoration efforts you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.
For all roles PSEGs drug and alcohol testing program includes preemployment testing testing for cause and postincident/accident testing. For employees in federally regulated roles (including positions covered by USDOT PHMSA or NRC regulations) this also includes random testing. Although numerous states throughout the country have legalized marijuana/cannabis products recreationally and/or medically it is prohibited for employees in federally regulated roles. Employees who are hired or transfer into a federally regulated role are subject to drug and alcohol testing inclusive of marijuana. Please note that the use of CBD products may result in a positive drug test for THC/Marijuana and such use is not a legitimate medical explanation for such a positive result.
PSEG is an equal opportunity employer dedicated to a policy of nondiscrimination in employment including the hiring process based on any legally protected characteristic. Legally protected characteristics include race color religion national origin sex age marital status sexual orientation disability or veteran status or any other characteristic protected by federal state or local law in locations where PSEG employs individuals.
PSEG is committed to providing reasonable accommodations to individuals with disabilities. If you have a disability and need assistance applying for a position please callor email
If you need to request a reasonable accommodation to perform the essential functions of the job email . Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.
ADDITIONAL EEO/AA INFORMATION(Click link below)
Required Experience:
Senior IC
Employment Type
Full Time
