Credit Risk Analyst

Calpine • San Diego, CA

2d • Onsite

About The Position

Calpine, a business unit of Constellation Energy Corporation, is America's largest generator of electricity from natural gas and geothermal resources. With 79 energy facilities, Calpine's fleet has the capacity to generate approximately 27,000 MW of electricity. The company is committed to environmental stewardship and uses advanced technologies for low-carbon power generation. Its renewable geothermal plants produce clean electricity from underground steam. The Credit Risk Analyst will independently manage an assigned counterparty portfolio, interfacing with sales and management to protect the company’s mark to market exposure and accounts receivable assets using credit risk analytics and systems. This role supports sales efforts by performing timely credit risk analysis on potential and existing counterparties, while understanding margining and collateral structures for large clients. The analyst will exercise discretion and independent judgment in their responsibilities.

Requirements

• Bachelor’s Degree in finance, accounting or equivalent experience
• Minimum of two (2) years in commercial or wholesale credit
• Demonstrated organization, analytical and problem-solving skills
• Highly skilled in complex financial analysis as it relates to evaluating creditworthiness
• Ability to identify and prioritize various tasks to efficiently produce results
• Strong verbal, written and interpersonal communication skills
• Experienced with receivable management systems
• Proficient in Microsoft Excel and Word

Nice To Haves

• Energy industry or banking experience is preferred

Responsibilities

• Performs detailed credit risk analysis, including analysis of financial data and ratios, to qualify new and existing counterparties within established timelines and support ongoing sales negotiations.
• Utilizes outside vendors (Standard & Poors, Moody’s, Dun & Bradstreet, etc.) to research and obtain salient industry and counterparty data for credit risk evaluation.
• Performs annual reviews of financial and credit data for the assigned account portfolio, calculating and assigning credit risk ratings based on proprietary scoring models.
• Initiates modifications of credit limits to existing customers to support increased business opportunities or to protect the company from undue losses.
• Assesses, calculates, and monitors collateral and margin requirements for retail customers, including cash margin, letters of credit, parental guarantees, and other credit support instruments.
• Generates accurate monthly, quarterly, and annual management reports.
• Establishes and maintains counterparty data in the Allegro system.
• Supports the Director, Credit Risk with special projects, ad hoc reporting, and routine requests.
• Works autonomously in day-to-day decision making to effectively collect payments from customers in accordance with contractual terms.
• Negotiates terms of sale and payment plans as necessary.
• Interfaces with sales, senior management, and other internal departments to resolve disputes and protect the company’s settlement risk through effective use of systems and collection practices.
• Reconciles customer accounts.
• Develops and maintains effective working relationships with internal and external customers to maximize cooperation and efficiency.

Benefits

• Equal 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level