General PurposeOversees credit risk profiles of wholesale energy and structured transaction counterparties, commercial and industrial accounts, transmission customers, and vendors including monitoring of credit quality of existing and new counterparties/customers, monitoring exposures against maximum credit limits, ensuring collection and maintenance of adequate collateral as applicable, and reporting of credit risk exposures and mitigations to management.
Responsibilities- Conduct credit reviews and recommend credit decisions, exposure limits, collateral requirements, and risk mitigation measures within delegated authority.
- Prepare reports on credit quality, exposures, collateral, and available credit.
- Review, administer, and monitor collateral support arrangements including letters of credit, guarantees, surety bonds, escrow agreements, and other credit support instruments.
- Prepare daily margin requirements, periodic risk analysis, and ad hoc reports.
- Prepare weekly, monthly, quarterly, and ad-hoc credit reports for credit and senior management, including those needed for quarterly disclosure requirements for financial reporting.
- Manage credit specifications on online trading platforms.
- Perform credit reviews utilizing third-party credit ratings and financial statements to determine the degree of risk involved in extending credit and propose recommendations for maximum allowed exposure, trading rules, and minimum required collateral.
- Prepare and maintain detailed credit analyses on existing and prospective counterparties, customers, and vendors.
- Develop and implement the established credit policies or guidelines for credit investigation, monthly reports, monitoring, and risk mitigation of those business units served by the credit department.
- Recommend process and reporting solutions and improvements to the director of credit and commodity risk governance committee.
Requirements- Bachelor's degree in Accounting, Business, Economics, Engineering, Finance, or a related field; or the equivalent combination of education and experience.
- A minimum of five years experience in credit or risk management or a related field.
- Data gathering, analysis, interpretation, trending, forecasting, and modeling skills.
- Ability to work with internal and external customers in a fast-paced trading environment.
- Communication and interpersonal skills including ability to consult with internal and external customers regarding matters/issues which may be sensitive in nature.
- Ability to work with all levels of an organization including people with different styles and backgrounds; ability to work as a member of a team.
- Ability to assess corporate financial statements and make objective and subjective judgments about a company's creditworthiness.
- Ability to work independently.
Preferences- Experience with various types of collateral support documentation, including letters of credit, guarantees, surety bonds, and escrow agreements.
- Experience with developing credit analysis spreadsheet models.
BenefitsAt PacifiCorp, we understand that living a healthy lifestyle isn't just about your physical health - your mental, financial, and social wellbeing also play an important role. That's why we offer a wide range of benefits designed to help you live a more balanced lifestyle.
Our benefits include: - Medical, dental, and vision insurance
- 401k with match fixed contributions, including a Roth and saving option. For union employees, matching contributions vary by union. For nonunion, PacifiCorp makes a fixed contribution equal to 4% of your eligible pay each year for new hires. In addition, PacifiCorp matches 100% of the first 6% you contribute.
- Life insurance
- Additional voluntary benefits, including pet insurance
- Tuition Assistance
- Mass Transit Pass for employees in our Portland and Salt Lake City Offices.
Work Life Balance- Generous Paid Time Off (PTO) - Time off varies by employee type (Union or Non-Union)
- Paid short-term disability leave and long-term disability insurance
- Paid Parental Leave
- Paid Bereavement Leave
- Employee Assistance Program supporting mental and emotional wellbeing
For more information, please visit: https://careers.pacificorp.com/content/New-Benefits-Page/?locale=en_US
Additional InformationReq Id: 114961
Company Code: PACIFICORP #PM25
Primary Location: PORTLAND 100% ONSITE
Department: CFO
Schedule: Full-Time
Personnel Subarea: Exempt
Hiring Range: 88,800 - 122,100
Target Incentive percentage: up to 15%
