Analyst III, Counterparty Credit Risk

Financeroles; Oakville; On-site; CAD 90,000 - 120,000; Full time

Benefits offered by this job

Group Benefit Plan

Employee Assistance Program

Share purchase/match plan

Leadership Development Program

Volunteer paid days off

Job summary

Algonquin Power & Utilities Corp. is seeking a Senior Credit Analyst to strengthen its Treasury function by evaluating counterparty creditworthiness and monitoring exposures across North American operations.

The role requires advanced financial statement analysis, robust modelling, and collaboration with treasury, procurement, and risk teams to support financing, trading, and capital planning. The successful candidate will contribute to policy development, risk governance, and data-driven

Qualifications

• University degree or equivalent is required.
• Excellent financial statement analysis and credit assessment skills.
• Strong experience with credit assessment methodologies.
• Excellent Excel modelling capability.
• Familiarity with utility, energy, or infrastructure sectors is an asset.
• Proficiency with Excel, financial modeling, and treasury systems.

Responsibilities

• Perform detailed credit analysis of counterparties using financial statements, ratios, cash flow, and qualitative risk factors.
• Assign and recommend internal risk ratings and exposure limits per approved credit risk policies.
• Conduct ongoing surveillance of counterparty portfolios and identify emerging risks or limit exceptions.
• Prepare clear credit risk reports and presentations for senior management and risk committees.
• Support internal and external audits and regulatory reviews related to counterparty credit risk.
• Collaborate with rating agencies, banks, and counterparties as required.

Skills

Credit risk analysis

Financial statement analysis

Credit assessment methodologies

Excel modelling

Stakeholder communication

Regulatory compliance

Education

University Degree or equivalent

CPA or progress toward designation

Tools

Treasury systems

Excel

Financial modeling

Job description

Algonquin Power & Utilities Corp. (AQN), parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, reliable, and cost-effective energy and water solutions through our portfolio of utility investments to over one million customer connections, largely in the United States and Canada.

At Algonquin, our vision is to be the most trusted utility service provider in North America – a premium regulated utility, known for our customer focus, commitment to sustainability, and strong community partnerships. Our employees are at the heart of that vision. We believe that when people are empowered to learn, grow, and contribute their ideas, we can achieve remarkable results together.

We are building a culture that values integrity, inclusivity, and innovation. By joining Algonquin, you’ll be part of a team that is shaping the future of energy and water, while creating long‑term value for our customers, communities, employees, and shareholders.

Purpose

The Senior Credit Analyst supports Algonquin Power & Utilities Corp.’s and its Subsidiaries Treasury function by conducting advanced credit risk assessments, monitoring and reporting counterparty exposure, and ensuring compliance with internal credit policies and governance framework. The role provides analytical insights on counterparties to support financing activities, commodity trading, capital markets transactions, and vendor/customer credit decisions. This role provides subject matter expertise, supports risk governance and decision making, and contributes to the ongoing development of counterparty credit risk frameworks, limits, and controls
This position enhances the company’s financial risk management framework by evaluating creditworthiness, recommending, reporting and monitoring credit limits, and supporting treasury operations with high‑quality analysis and reporting.

Accountabilities

• Perform detailed credit analysis of counterparties using financial statements, ratios, cash‑flow analysis, and qualitative risk factors.
• Assign and recommend internal risk ratings and exposure limits in accordance with approved credit risk policies.
• Conduct ongoing surveillance of counterparty portfolios and identify emerging risks, trends, or limit exceptions.
• Assess credit risk associated with new counterparties, products, transactions, and business initiatives.
• Prepare clear, concise credit risk reports and presentations for senior management and risk or credit committees.
• Track, document, and support governance actions, including limit approvals, exceptions, and remediation plans.
• Support internal and external audits and regulatory reviews related to counterparty credit risk.
• Lead exposure monitoring and reporting, collateral management, and compliance with credit policies
• Support capital planning an procurement activities by assessing counterparty strength.
• Communicate credit findings to internal teams (Treasury, Finance, Procurement, Energy Trading, Legal, Risk and Audit); to resolve credit issues, limit excesses or structural mitigants.
• Collaborate with external partners such as rating agencies, banks, and counterparties, as required
• Influence decision‑making through clear, data‑driven recommendations.
• Partner with business teams on onboarding new counterparties and reviewing changes to existing relationships.
• Develop, maintain and distribute supplement to any Credit Application form that Algonquin and Subsidiaries may need to complete to obtain counterparty credit, and assist key stakeholders as required in any workstream where Algonquin and Subsidiaries is applying for Credit from a Third Party
• Contribute to the development and enhancement of counterparty Credit Risk Policy, processes, methodologies, and monitoring tools
• Support implementation of new systems or enhancements to credit monitoring frameworks
• Leverage use of A.I. tools in uploading any required data into Algonquin and Subsidiary Credit Assessment tolls to ensure a more efficient process.

Education and Experience

• University Degree or equivalent
• Excellent financial statement analysis and credit assessment skills
• Strong experience with credit assessment methodologies
• Excellent excel modelling capability
• Familiarity with utility, energy, or infrastructure sectors an asset
• Proficiency with Excel, financial modeling, and treasury systems
• CPA or progress toward designation considered an asset

Compensation Data

Full base salary range $90,000.00- $120,000.00 per year *Liberty considers several factors when extending an offer, including but not limited to, the role and responsibilities, a candidate's work experience, education, training and skills, and geographic location.

Our purpose is sustaining energy and water for life, and it is demonstrated in everything we do as a business and as an employee team.

Our Mission

We provide safe, secure, reliable, cost-effective and sustainable energy and water solutions. Our mission is how we create value as an organization—it is what drives us every day to fulfill our purpose.

Our Vision

We better the lives of our customers and communities. Our vision is what we see as possible. It's where we aspire to be, what we want to achieve and how we'll make animpact. It guides and keeps us on the right path as we work towards fulfilling our purposes.

Our Guiding Principles

• Customer Centric
• Integrity
• Entrepreneurial
• Teamwork
• Owner mindset
• Outcome focused
• Continuous learning

What we offer

• Collaborative environment with a genuine flexible working policy
• Share purchase/match plan
• Leadership Development Program
• Volunteer paid days off
• Employee Assistance Program
• Achievement fund
• Group Benefit Plan
• Variety of Health & Wellness programs
• Discount and Perks program

We are focused on building a diverse and inclusive workforce.

We are an equal opportunity employer and value each person's unique background, diversity, experiences, perspectives and talents.

Full participation of all employees in a safe, healthy and respectful environment is key to individual and company success. We are committed to fully utilizing the abilities of all our employees and expect each of our employees to honour this commitment in their daily responsibilities.