Credit Risk Associate

RWE • Chicago, IL

2d • $73,000 - $110,000 • Onsite

About The Position

The Credit Risk Associate will analyze and mitigate credit risk exposure for RWEA. This is a full-time, permanent position in the Finance / Controlling functional area.

Requirements

• Bachelor’s degree or equivalent in business administration, finance or economics required
• Minimum 1 year of experience in counterparty credit management within the energy, utilities, or banking sectors
• Experience in analysis of corporate and financial institutions from a credit risk, balance sheet, and cash flow perspective
• Experience successfully prioritizing and completing work independently, demonstrating initiative, dependability, and strong self-motivation
• Proven ability to build relationships and effectively communicate with people from a diverse set of backgrounds
• Ability to work within tight deadlines
• Ability to work independently and as part of a team
• Must be able to sit, walk or stand for long durations of time
• Strong interpersonal skills, with ability to manage customer relationships
• Demonstrated desire to learn about the Company and the renewables space
• Excellent proficiency with Microsoft Office (Excel, Word, PowerPoint, Outlook) and Teams
• Strong leadership and communication, and ability to meet deadlines
• Strong organization skills and ability to coordinate multiple tasks and deliverables
• Ability to multi-task, while working independently and as part of a team
• Motivated self-starter, goal-oriented, and strong problem-solving abilities
• Proven ability to empathize, build relationships, and effectively communicate with people from a diverse set of backgrounds
• Responds well to direction, is easy to challenge and develop, and is coachable
• Is detail-oriented, has strong business acumen, and a sound understanding of business concepts
• Applicants must be legally authorized to work in the United States. RWE Americas is unable to sponsor or take over sponsorship of employment visas at this time.

Nice To Haves

• Working knowledge of different contracts e.g. ISDA, PPA’s, REC, and the credit terms within those contracts is a plus

Responsibilities

• Assess and monitor counterparty credit exposures, including payment, performance, and supplier risks, for assigned portfolios primarily in North America
• Prepare concise credit reports and rating assessments using financial statements, rating agency reports, and market news to support internal approvals. Utilize AI per policy guidelines, verifying data accuracy
• Set up, monitor and maintain counterparty profiles, credit limits, and collateral requirements within RWE Credit Risk systems under supervision
• Support credit risk initiatives and internal reporting through accurate data collection and maintenance, including incoming and outgoing collateral
• Utilize credit risk systems to input, track and manage credit exposures in line with policies and procedures
• Collaborate with Legal and Front/Back Office teams to review credit requirements and ensure compliance with contractual terms

Benefits

• Medical
• Dental
• Vision
• Life Insurance
• Short-Term Disability
• Long-Term Disability
• 401(k) match
• Flexible Spending Accounts
• EAP
• Education Assistance
• Parental Leave
• Paid time off
• Holidays
• Eligible employees also participate in short-term incentives, in addition to salary.

What This Job Offers

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