Portland General Electric Senior/ Principal Credit and Contracts Analyst in Portland, Oregon
This is an exciting time to join Portland General Electric. As Oregon’s largest electric utility, Portland General Electric is leading an energy transformation that will harness the power of clean and renewable resources. Our vision for a clean energy future relies on three interrelated and overarching strategies: de-carbonize through investing in clean and reliable energy; modernize through a smarter more resilient grid; and empower our customers in their energy technology choices.
We’re searching for innovative, customer and results-obsessed leaders to help power our mission and lead the way in championing the world’s clean energy future!
Senior/Principal Credit and Contracts Analyst
We are adding to our Credit and Contracts team at PGE. As a Credit and Contracts Analyst, you will be responsible for contract administration and credit risk management. Administer the contract process from negotiation to post execution. Independently provide estimates of settlement amounts to provide guidance to settlements staff. Manages the approval and maintenance of vendor/counterparty credit arrangements. Onboarding. Following contract provisions. Post close maintenance. Payment calculations. Maintain a schedule of contract requirements. Work with structuring and trading personnel on new contract/business opportunities.
The Credit and Contracts Analyst will also independently calculate deal settlement amounts and support the Settlements department, perform settlement functions related to the utility industry, including power, gas, transmission, and financial swaps for power and gas. You will use your expertise in the reconciliation of all utility commodity settlements, while ensuring contract compliance is followed.
Credit Risk Assessment Leveraging the analysis of others, identifies broad risks to the company and leads the development and implementation of recommended mitigation strategies; establishes and maintains department's operating plans and budgets related to specific mitigation strategies; works, leads, and/or coordinates work with outside specialists and effectively leads/teaches others how to interpret and perform complex analysis.
Credit Terms Provides oversight/leadership to team on negotiating credit terms with vendors and counterparties (including guarantees, letters of credit, credit support annex, etc.).
Enterprise Risk Management Works with executive management to design, implement and sustain an effective risk management framework and program and coordinates efforts across the organization to ensure alignment with program objectives; reports out to executive leadership and Board of Directors.
Risk Analysis Leads analyses and report development for companywide risk analysis assessments; leads analyses, reporting and implementation of counterparty/vendor credit review and risk mitigation (e.g., guarantees, L/Cs).
Regulatory Analyses Coordinates potential risk mitigation or insurance programs with legislative and regulatory interests.
Data Management Tools Serves as an expert resource in the organization's risk management and back office deal management tools.
Corporate Credit Serves as an expert resource in the organization on how to analyze credit risk and develop risk mitigation options; maintains, makes recommendations for improvement, and updates corporate credit policies, procedures and scoring matrices; trains others in credit analysis; performs credit analyses and makes recommendations to management on appropriate actions based on analysis; negotiates and prepares letters of credit.
At the Principal level, typically eight or more years in related field and at the Senior level, typically five or more years in a related field.
Education requires a bachelor’s degree in accounting, finance, economics or other related field or equivalent experience
The position will be filled at the level commensurate with the successful candidate’s applicable skills and experience.
Competencies (Knowledge, Skills, Abilities)
Functional Competencies Advanced knowledge of risk management concepts including claims, insurance and loss prevention, credit analyses and security interests. Intermediate knowledge of relevant software tools and report generator applications. Working knowledge of electrical system operations. Advanced financial modeling skills and experience using Microsoft Excel.
General Competencies Advanced knowledge of enterprise/business acumen. Advanced decision-making skills. Advanced written and oral communication skills. Advanced negotiation and diplomacy skills Advanced organization and prioritization skills Advanced analytical thinking skills
Hybrid: Office in Tualatin area starting Fall 2021 and working from home options
Join us today and power your potential!
To be considered for this position, please complete the following employment application by the posting close date. A cover letter may be needed with your application to be considered for this position.
PGE believes in rewarding strong performance. We provide a total compensation package that is designed to reward your contributions to the company, and, at the same time, support your well-being and professional development, both now and into the future.
PGE is committed to diversity and inclusion in the workplace and is an equal opportunity employer. PGE will not discriminate against any employee or applicant for employment based on race, color, national origin, gender, gender identity, sexual orientation, age, religion, disability, protected veteran status, or other characteristics protected by law.
Assisting with storms or other Company emergencies is a part of all positions at Portland General Electric.
Talent Acquisition Contact:
This job posting will close at 12:01 am Pacific Time on the closing date listed below:
At Portland General Electric, we’re innovators, builders, and achievers. We’re committed to powering our customers’ potential and making a difference for our community and the planet. Today, that commitment includes developing an intelligent and resilient electric grid, electrifying transportation and de-carbonizing the energy sector.
We’re proud to deliver an exceptional experience to help our customers thrive. Our mission is to make clean, reliable and affordable energy services available to all. We obsess over serving customers and are committed to growing employee career paths with purpose. Equity and inclusion are core business values; we celebrate our differences and are committed to developing teams that reflect the communities we serve.