Sr Analyst, Credit Risk - BSC (Hybrid)

Exelon Corporation; Chicago (IL); On-site; USD 86,000 - 118,000; Full time

Benefits offered by this job

401(k) match

Medical insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

Paid time off

Tuition reimbursement

Employee assistance

Job summary

Exelon Corporation in Chicago seeks a Senior Analyst, Credit Risk to manage a regional credit portfolio, assess credit risk for wholesale power and gas activities, including trading and origination, and evaluate retail credit issues for the retail supply business.

The role partners with Corporate Accounting, Treasury and Risk to monitor counterparty credit, prepare presentations for Senior Management, and develop reporting tools to support risk decisions.

Qualifications

• BS in Accounting, Economics, Finance, Mathematics, or a related degree.
• 4-7 years of relevant experience.
• Advanced understanding of Mark to Market calculations and valuations of forward contract positions.
• In-depth knowledge of credit and risk management fundamentals.
• Thorough understanding of financial and wholesale energy trading markets.
• Ability to evaluate creditworthiness of a company and clearly convey results in a well written report.
• Excellent organizational, verbal and written communication skills with ability to handle multiple duties.
• Strong interpersonal skills with the ability to interact with commercial and functional partners, external counterparties, vendors, and senior level executives within Risk and Finance.

Responsibilities

• Assess and analyze the credit worthiness of customers and trading counterparties, and monitor current and potential exposures. (30%)
• Recommend credit terms and conditions within customer and wholesale commodity contracts. (20%)
• Coordinate with the margining and treasury teams on counterpart collateral including cash, letters of credit and parental guarantees. Also, coordinate effectively with Receivables team to monitor aged receivables to ensure timely collection. (15%)
• Assist on presentations to Senior Management that include credit decisions and recommendations, while highlighting top credit risks within the organization. (15%)
• Manage credit relationships with assigned counterparties, Regional Transmission Organizations, and Gas Pipelines. Lead analytical support of these credit relationships. (10%)
• As directed by Credit leadership, lead the coordination, maintenance, and implementation of improved reporting and functionality of Credit Risk systems. (10%)

Education

BS in Accounting, Economics, Finance, Mathematics, or a related degree

Job description

Who We Are

We're powering a cleaner, brighter future. Exelon is leading the energy transformation, and we're calling all problem solvers, innovators, community builders and change makers. Work with us to deliver solutions that make our diverse cities and communities stronger, healthier and more resilient. We're powered by purpose-driven people like you who believe in being inclusive and creative, and value safety, innovation, integrity and community service. We are a Fortune 200 company, 20,000 colleagues strong serving more than 10.7 million customers at six energy companies -- Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). We're committed to creating an environment where every person can thrive. Our employee experience is grounded in four tenets that guide how we support our people: purposeful careers, growth opportunities, community impact, and support to thrive. In our relentless pursuit of excellence, we elevate diverse voices, fresh perspectives and bold thinking. And since we know transforming the future of energy is hard work, we provide competitive compensation, incentives, excellent benefits and the opportunity to build a rewarding career. Are you in?

Primary Purpose

PRIMARY PURPOSE OF POSITION

The Senior Analyst, Credit Risk is responsible for a credit portfolio within the designated regions. This job is also responsible for assessing and analyzing credit risk associated with the wholesale power and gas activities, including trading and origination, as well as assessing/analyzing retail power and gas credit issues for the retail supply business. As a member of the credit organization, this position will require an advanced understanding of the physical and financial products offered by the Company and the marketplace in order to properly assess and monitor counterparty credit/risk issues. The incumbent is closely aligned with the business and functional leaders throughout the organization, and is expected to foster and maintain strong working partnerships with their respective peers. This position requires interaction with Corporate Accounting, Corporate Treasury and Corporate Risk.

Primary Duties

PRIMARY DUTIES AND ACCOUNTABILITIES

• Assess and analyze the credit worthiness of customers and trading counterparties, and monitor current and potential exposures. (30%)
• Recommend credit terms and conditions within customer and wholesale commodity contracts. (20%)
• Coordinate with the margining and treasury teams on counterpart collateral including cash, letters of credit and parental guarantees. Also, coordinate effectively with Receivables team to monitor aged receivables to ensure timely collection. (15%)
• Assist on presentations to Senior Management that include credit decisions and recommendations, while highlighting top credit risks within the organization. (15%)
• Manage credit relationships with assigned counterparties, Regional Transmission Organizations, and Gas Pipelines. Lead analytical support of these credit relationships. (10%)
• As directed by Credit leadership, lead the coordination, maintenance, and implementation of improved reporting and functionality of Credit Risk systems. (10%)

Job Scope

JOB SCOPE

• The Senior Analyst, Credit Risk has some credit authority to approve credit requests in their assigned region. The incumbent will:
• Support Credit leadership in managing counterparty/customer limits and exposure monitoring to maintain compliance with credit policy and specific counterparty credit terms (including margining requirements)
• Negotiate or advise junior credit personnel as they negotiate credit terms and conditions, participate in conference calls to assess counterparty credit worthiness, perform customer visits
• Provide Credit Workout with early warning of potential high risk counterparties / customers, and assist in risk mitigation activities
• Maintain Risk data system and reporting integrity
• Ensure accuracy of external and internal reporting and disclosures
• Participate in conference calls with upper management of customers/counterparties - limited interaction with Senior Management on all credit/risk issues, including risk committee and transaction approval meetings
• Rigorously follow the credit process in all transactions and derive creative solutions and structures in managing multiple risks associated with a multi-billion dollar portfolio

Minimum Qualifications

MINIMUM QUALIFICATIONS

• BS in Accounting, Economics, Finance, Mathematics, or a related degree
• 4-7 years of relevant experience
• Advanced understanding of Mark to Market calculations and valuations of forward contract positions
• In-depth knowledge of credit and risk management fundamentals
• Thorough understanding of financial and wholesale energy trading markets
• Ability to evaluate creditworthiness of a company and clearly convey results in a well written report
• Excellent organizational, verbal and written communication skills with ability to handle multiple duties
• Strong interpersonal skills with the ability to interact with commercial and functional partners, external counterparties, vendors, and senior level executives within Risk and Finance.
• Must be self motivated and possess excellent time management skills
• Strong computer and spreadsheet modeling skills
• Ability to handle multiple tasks in a fast paced energy commodity trading environment

Preferred Qualifications

PREFERRED QUALIFICATIONS

• Energy industry experience
• Experience reviewing financial statements and assessing creditworthiness
• Completion of a formal credit training program
• Advanced degree or professional designation in a related field

Benefits

• Annual salary will vary based on a candidate's skills, qualifications, experience, and other factors: $85,600.00/Yr. - $117,700.00/Yr.
• Annual Bonus for eligible positions: 15%
• 401(k) match and annual company contribution
• Medical, dental and vision insurance
• Life and disability insurance
• Generous paid time off options, including vacation, sick time, floating and fixed holidays, maternity leave and bonding/primary caregiver leave or parental leave
• Employee Assistance Program and resources for mental and emotional support
• Wellbeing programs such as tuition reimbursement, adoption and surrogacy assistance and fitness reimbursement
• Referral bonus program
• And much more

Note: Exelon-sponsored compensation and benefit programs may vary or not apply based on length of service, job grade, job classification or represented status. Eligibility will be determined by the written plan or program documents.