Credit Risk Analyst

Calpine Job OpportunityCalpine, a business unit of Constellation Energy Corporation, is America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. With 79 energy facilities in operation, Calpine's fleet has the capacity to generate approximately 27,000 MW of electricity – enough to power approximately 27 million homes. Through wholesale power operations and its retail businesses, Calpine serves customers in 22 states and Canada. Its clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner.The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, its renewable geothermal plants use steam generated deep below the earth's surface to produce clean, renewable electricity.Job SummaryIndependently manages an assigned counterparty portfolio by interfacing with all levels of sales and management, to ensure the protection of the company's mark to market exposure (MTM) and accounts receivable assets through the effective use of credit risk analytics and systems. Provides support to the company's sales efforts by performing timely credit risk analysis on potential and existing counterparties. While understanding margining and collateral structures for large clients. At all times exercises discretion and independent judgement in assigned areas of responsibility.Key activities:Perform credit risk analysisDevelop risk mitigating productsJob ResponsibilitiesCredit Risk Analysis 65%Performs detailed credit risk analysis, including analysis of financial data and ratios, to qualify new and existing counterparties that meet established timelines and support ongoing sales negotiationsUtilizes outside vendors (Standard & Poors, Moody's, Dun & Bradstreet, etc.) to thoroughly research and obtain salient industry and counterparty data for credit risk evaluationPerform annual reviews of financial and credit data for assigned account portfolio. Calculates and assigns credit risk ratings based upon the output of proprietary scoring modelsInitiates modifications of credit limits to existing customers to support increased business opportunities or to project the company from undo lossesAssess, calculate, and monitor collateral and margin requirements for retail customers, including cash margin, letters of credit, parental guarantees, and other credit support instrumentsReporting & Special Projects 25%Generates an array of accurate monthly, quarterly and annual management reportsEstablishes and maintains counterparty data in Allegro systemSupports the Director, Credit Risk as required by performing special projects, ad hoc reporting, routine requests, etc.Collections 10%Authorized to work autonomously in day-to-day decision making to effectively collect payments from customers in accordance with contractual termsEmpowered to negotiate terms of sale and payment plans as necessaryInterfaces with all levels of sales, senior management and other internal departments to expedite the resolution of disputes and thus ensure the protection of the company's settlement risk through the effective use of systems and proven collection practicesIntegral in the ongoing reconciliation of customer accountsDevelops and maintains effective working relationships with internal and external customers to maximize cooperation and efficiencyJob RequirementsBachelor's Degree in finance, accounting or equivalent experienceMinimum of two (2) years in commercial or wholesale creditDemonstrated organization, analytical and problem-solving skills are requiredHighly skilled in complex financial analysis as it relates to evaluating creditworthinessIs able to identify and prioritize various tasks to efficiently produce resultsStrong verbal, written and interpersonal communication skills are essentialEnergy industry or banking experience is preferredExperienced with receivable management systems and is proficient in Microsoft Excel and WordSalary InformationSalary Range: $70,304 to $88,448Additional Calpine InformationEqual Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.Calpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position, please send an e-mail with your request to View email address on click.appcast.io . Determination on requests for reasonable accommodation are made on case-by-case basis.Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.