Market Credit Analyst

Electric Reliability Council of Texas; Taylor (TX); On-site; USD 83,000 - 115,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

Life insurance

Long/short-term disability insurance

Long-term care insurance

Section 125 FSA

Retirement Savings Plan

Job summary

Electric Reliability Council of Texas (ERCOT) is seeking a Market Credit Analyst to monitor market participant liabilities, manage collateral postings, and enforce ERCOT Protocol credit requirements. The role serves as a primary contact for credit-related inquiries and supports cross-departmental tasks.

The position requires a Bachelor's degree in Finance, Accounting or related field and at least 0–2 years of relevant experience depending on level.

Qualifications

• Bachelor's Degree in Finance, Accounting or related field is required.

Responsibilities

• Reviews and monitors market participant reports and exposures daily.
• Issues requests for additional collateral and ensures compliance to collateral requirements.
• Performs collateral management tasks including maintaining all collateral documentation and records.
• Ensures market participants meet payment deadlines and submit all required documentation on time, while enforcing remedies for late payments or noncompliance.
• Processes applications of prospective ERCOT market participants, ensuring compliance with all applicable credit requirements under the ERCOT Protocols.
• Reviews the financial position and credit exposure of market participants in support of credit risk management objectives.
• Corresponds with market participants regarding various credit-related matters and inquiries.
• Monitors and enforces market participant compliance to all other Protocol requirements.
• Coordinates with other departments in performing various departmental tasks.
• Supports Credit Finance Sub Group meetings and activities.

Education

Bachelor's Degree: Finance, Accounting or related field

Job description

At ERCOT, our diverse and dynamic work environment provides a platform on which employees can work together to build the future of the Texas power grid and wholesale market utilizing the latest technologies and resources. We encourage you to join our talented, dedicated workforce to develop world-class solutions for today and tomorrow’s energy challenges while learning new skills and growing your career. ERCOT is committed to fostering inclusion at all levels of our company. It is the cornerstone of our corporate values of accountability, leadership, innovation, trust, and expertise. We know that individuals with a wide variety of talents, ideas, and experiences propel the innovation that drives our success. An inclusive and diverse workforce strengthens us and allows for a collaborative environment to solve the challenges that face our industry today and in the future.

JOB SUMMARY

The Market Credit Analyst performs daily monitoring of market participant liabilities and exposures, manages collateral postings and transactions, evaluates new participant applications, and enforces compliance to Credit-related requirements under the ERCOT Protocols. The analyst also serves as a key point of contact for market participants on credit-related matters or inquiries.

JOB DUTIES

• Reviews and monitors market participant reports and exposures daily
• Issues requests for additional collateral and ensures compliance to collateral requirements
• Performs collateral management tasks including maintaining all collateral documentation and records
• Ensures market participants meet payment deadlines and submit all required documentation on time, while consistently enforcing applicable remedies for late payments or noncompliance.
• Processes applications of prospective ERCOT market participants, ensuring compliance with all applicable credit requirements under the ERCOT Protocols.
• Reviews the financial position and credit exposure of market participants in support of established credit risk management objectives
• Corresponds with market participants regarding various credit-related matters and inquiries
• Monitors and enforces market participant compliance to all other Protocol requirements
• Coordinates with other departments in performing various departmental tasks
• Supports Credit Finance Sub Group meetings and activities

EXPERIENCE

• Level 1: requires no minimum level of experience
• Level 2 requires minimum 2 years work experience in business or finance-related fields

EDUCATION

Bachelor's Degree : Finance, Accounting or related field (Required) or a combination of education and experience that provides equivalent knowledge to a major in such fields is required

The foregoing description reflects the minimum qualifications and the essential functions of the position that must be performed proficiently with or without reasonable accommodation for individuals with disabilities. It is not an exhaustive list of the duties expected to be performed, and management may, at its discretion, revise or require that other or different tasks be performed as assigned. This job description is not intended to create a contract of employment with ERCOT. Both ERCOT and the employee may exercise their employment-at-will rights at any time.

ERCOT is firmly committed to equal employment for all qualified persons without regard to race, sex, medical condition, religion, age, creed, national origin, citizenship status, marital status, sexual orientation, physical or mental disability, ancestry, veteran status, genetic information or any other protected category under federal, state or local law.

Expected Salary Range: $83,000 - $115,000

The Electric Reliability Council of Texas (ERCOT) manages the flow of electric power to 27 million Texas customers - representing about 90 percent of the state's electric load. As the independent system operator for the region, ERCOT schedules power on an electric grid that connects more than 54,100 miles of transmission lines and 1,250 generating units. ERCOT also performs financial settlement for the competitive wholesale bulk-power market and administers retail switching for 8 million premises in competitive choice areas. ERCOT is a membership-based 501(c)(4) nonprofit corporation, governed by a board of directors and subject to oversight by the Public Utility Commission of Texas and the Texas Legislature. ERCOT's members include consumers, cooperatives, generators, power marketers, retail electric providers, investor-owned electric utilities (transmission and distribution providers,) and municipal-owned electric utilities.

Benefits

• health
• dental
• vision
• life insurance
• long/short-term disability insurance
• long-term care insurance
• Section 125 Flexible Spending Account
• Retirement Savings Plan

The medical, dental, vision, and quality-of-life benefits offered by ERCOT are second to none.

Full-time employees are eligible to enroll in benefits on the first of the month following the date of hire.

Additionally, 401(k) plans are available to help employees plan for the future.

The ERCOT Internship Program provides college students the opportunity to develop their skills in a professional work environment. Each intern will receive unique projects and assignments that aim to solve real challenges facing the electric industry. ERCOT internships provide professional learning experiences that offer meaningful, practical work related to each student's desired career path. Eligible candidates should be enrolled in an academic bachelors or post graduate degree program maintaining a GPA of 3.0 or higher.

The ERCOT Engineer Development Program (EDP) is a 12- to 16-month, self-paced program geared toward entry-level engineers looking to start a career in the power industry. Through the program, an EDP Engineer receives one-on-one mentoring, specialized training, and exposure to the work performed by each of the engineering groups at ERCOT. The program allows engineers to develop the fundamental skills necessary to reach their full potential while gaining an understanding of the types of engineering work ERCOT has to offer. EDP management supports participants each step of the way as they progress through the program. Upon completion, graduates are placed as full-time engineers within one of ERCOT’s engineering groups.

The GMS Development Program (GDP) is designed to provide entry-level and early career professionals with the skills necessary to become successful Power System and Computer Engineers. The program, which is based in ERCOT’s Grid and Market Solutions (GMS) Department, will provide experience in day-to-day work and instruction in the fundamentals of electric power systems engineering, grid and market applications, software programming, and IT service and operations management. The GDP offers one-on-one mentoring, training, field trips, and special assignments. These assignments allow GDP engineers to become knowledgeable and familiar with the various business areas at ERCOT. The GMS leadership team prepares GDP engineers for a future career at ERCOT in power systems and computer engineering.

The System Operator Development Program (ODP) is intended to combine real-time daily operations in an exciting work setting to prepare participants with the vital skills necessary to be successful in such a critical position — providing 24x7x365 on-demand support to manage the flow of electric power to more than 26 million Texas customers. If you are new to the industry, this program introduces you to the Bulk Electric System by combining introductory courses with the NERC Certification Exam Preparation Program in preparation to pass the NERC Certification Exam.