Credit Risk Reporting Analyst or Senior

Are you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of Do you want a workplace that will challenge you and offer you opportunities to learn and grow A position at Xcel Energy could be just what youre looking for.

This position is posted as a hierarchy at the Credit Risk Reporting Analyst or Senior Credit Risk Reporting Analyst level. Successful candidate(s) will be hired at the level that is commensurate with their skills and experience.

Position Summary

Perform credit risk analysis modeling and reporting including Mark to Market and credit limits. Track collateral balances and publish reports for management. Monitor proprietary trading portfolio. Perform credit risk analysis allocations and revisions. Optimize collateral in coordination with Treasury Counterparties and Exchanges. Perform financial statement analysis to recommend credit lines based on financial condition and adherence to credit risk policy. Improve credit model functionality with use of programming and automated ratio calculations. Implement credit policy and report violations.

Essential Responsibilities

• Perform annual creditworthiness reviews using financial statements analysis and advanced credit modeling. Monitor for changes in credit risk including bankruptcy credit ratings litigation and regulatory filings. Maintain appropriate credit lines and provide reports.
• Perform daily reconciliations between credit agreement MTM exposure and required collateral provisioning. Post daily credit reports to support Front Office operations. Partner with Treasury to optimize collateral postings with counterparties ISOs and exchanges. Publish collateral reports.
• Identify credit exceedances and determine the causes. Implement Credit Risk Policy and report findings to Compliance. Cure exceedances and minimize impact on trading.
• Conduct counterparty credit risk analysis using industry standards and proprietary models. Optimize code to enhance credit model functionality. Initiate and develop process improvements related to credit risk functions.
• Review credit agreement database for accuracy. Coordinate with IT and Valuation teams to ensure credit risk data is robust. Forecast collateral requirements based on movements in commodity markets and margin rates.
• Foster external relationships and negotiate security requirements with counterparties. Record changes in security posted from counterparties and manage physical documents in accordance with policy. Participate in due diligence for RFP evaluation.

Credit Risk Reporting Analyst Minimum Requirements

• Bachelors degree in Finance Economics or similar discipline.
• Two years professional credit and collateral risk experience preferred.
• Proficiency with financial statement analysis GAAP and calculating liquidity leverage and performance ratios.
• Prefer experience with energy agreements including: EEI ISDA NAEMA NAESB PPA WSPP; security agreements including: Escrow Agreements Letters of Credit Parent Guaranties Surety Bonds; and tax equity financing structures.
• Experience with credit systems like S&P Capital IQ Pro Moodys Credit Risk Monitor Energy Credit Manager CXL SAS Commodity Risk Analytics.
• Proficient in Excel including macro development.
• Quantitative skills including calculation of Mark to Market exposure Weighted Credit Scoring forecasting and Stress Testing.
• Comfortable writing code in VBA Python or other programming languages.
• Strong communication and presentation skills.
• Commercial credit acumen and understanding of credit risk among different energy sectors the energy trading environment Independent System Operators FERC and regulatory standards.
• Experience at an energy utility merchant energy company natural gas firm investment bank and/or hedge fund preferred.

Salary Range: $62500.00 to $88766.00

Senior Credit Risk Reporting Analyst Minimum Requirements

• Bachelors degree in Economics Finance or related field.
• 5 years professional credit and collateral risk reporting experience required.
• Expert in credit requirements of contracts (ISDA EEI NAEMA NAESB PPA PSA etc.).
• Experience drafting credit support documents (Letters of Credit Parent Guaranty Surety Bond CSAs etc.).
• Expert in performing financial statement analysis credit stress test analysis and credit score modeling.
• Experienced in using S&P Moodys ECM SAS TriplePoint and other credit related tools.
• Ability to analyze and reconcile data across multiple sources to verify reports are high quality and completed accurately.
• Experience at an energy utility merchant energy company electric/natural gas/renewable company and/or hedge fund is strongly preferred.

Salary Range: $82800.00 to $117600.00

As a leading combination electricity and natural gas energy company Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy we strive to be the preferred and trusted provider of the energy our customers need. If youre ready to be a part of something big we invite you to join our team.

All qualified applicants will receive consideration for employment without regard to age race color religion sex sexual orientation gender identity national origin disability or status as a protected veteran.

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