Credit Risk Reporting Analyst or Senior

Xcel Energy-posted 6 days ago
Full-time • Entry Level
Denver, CO
5,001-10,000 employees
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Are you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A position at Xcel Energy could be just what you’re looking for. This position is posted as a hierarchy at the Credit Risk Reporting Analyst or Senior Credit Risk Reporting Analyst level. Successful candidate(s) will be hired at the level that is commensurate with their skills and experience. Position Summary Perform credit risk analysis, modeling, and reporting, including Mark to Market, and credit limits. Track collateral balances and publish reports for management. Monitor proprietary trading portfolio. Perform credit risk analysis, allocations, and revisions. Optimize collateral in coordination with Treasury, Counterparties, and Exchanges. Perform financial statement analysis to recommend credit lines based on financial condition and adherence to credit risk policy. Improve credit model functionality with use of programming and automated ratio calculations. Implement credit policy and report violations.

  • Perform annual creditworthiness reviews using financial statements analysis and advanced credit modeling.
  • Monitor for changes in credit risk including bankruptcy, credit ratings, litigation, and regulatory filings.
  • Maintain appropriate credit lines and provide reports.
  • Perform daily reconciliations between credit agreement, MTM exposure, and required collateral provisioning.
  • Post daily credit reports to support Front Office operations.
  • Partner with Treasury to optimize collateral postings with counterparties, ISOs, and exchanges.
  • Publish collateral reports.
  • Identify credit exceedances and determine the causes.
  • Implement Credit Risk Policy and report findings to Compliance.
  • Cure exceedances and minimize impact on trading.
  • Conduct counterparty credit risk analysis using industry standards and proprietary models.
  • Optimize code to enhance credit model functionality.
  • Initiate and develop process improvements related to credit risk functions.
  • Review credit agreement database for accuracy.
  • Coordinate with IT and Valuation teams to ensure credit risk data is robust.
  • Forecast collateral requirements based on movements in commodity markets and margin rates.
  • Foster external relationships and negotiate security requirements with counterparties.
  • Record changes in security posted from counterparties and manage physical documents in accordance with policy.
  • Participate in due diligence for RFP evaluation.
  • Credit Risk Reporting Analyst Minimum Requirements
  • Bachelor’s degree in Finance, Economics, or similar discipline.
  • Two years professional credit and collateral risk experience preferred.
  • Proficiency with financial statement analysis, GAAP, and calculating liquidity, leverage, and performance ratios.
  • Prefer experience with energy agreements including: EEI, ISDA, NAEMA, NAESB, PPA, WSPP; security agreements including: Escrow Agreements, Letters of Credit, Parent Guaranties, Surety Bonds; and tax equity financing structures.
  • Experience with credit systems like S&P Capital IQ Pro, Moody’s, Credit Risk Monitor, Energy Credit Manager, CXL, SAS Commodity Risk Analytics.
  • Proficient in Excel including macro development.
  • Quantitative skills including calculation of Mark to Market exposure, Weighted Credit Scoring, forecasting, and Stress Testing.
  • Comfortable writing code in VBA, Python, or other programming languages.
  • Strong communication and presentation skills.
  • Commercial credit acumen and understanding of credit risk among different energy sectors, the energy trading environment, Independent System Operators, FERC, and regulatory standards.
  • Experience at an energy utility, merchant energy company, natural gas firm, investment bank, and/or hedge fund preferred.
  • Senior Credit Risk Reporting Analyst Minimum Requirements
  • Bachelor’s degree in Economics, Finance, or related field.
  • 5 years professional credit and collateral risk reporting experience required.
  • Expert in credit requirements of contracts (ISDA, EEI, NAEMA, NAESB, PPA, PSA, etc.).
  • Experience drafting credit support documents (Letters of Credit, Parent Guaranty, Surety Bond, CSAs, etc.).
  • Expert in performing financial statement analysis, credit stress test analysis, and credit score modeling.
  • Experienced in using S&P, Moody’s, ECM, SAS, TriplePoint, and other credit related tools.
  • Ability to analyze and reconcile data across multiple sources to verify reports are high quality and completed accurately.
  • Experience at an energy utility, merchant energy company, electric/natural gas/renewable company, and/or hedge fund is strongly preferred.
  • Annual Incentive Program
  • Medical/Pharmacy Plan
  • Dental
  • Vision
  • Life Insurance
  • Dependent Care Reimbursement Account
  • Health Care Reimbursement Account
  • Health Savings Account (HSA) (if enrolled in eligible health plan)
  • Limited-Purpose FSA (if enrolled in eligible health plan and HSA)
  • Transportation Reimbursement Account
  • Short-term disability (STD)
  • Long-term disability (LTD)
  • Employee Assistance Program (EAP)
  • Fitness Center Reimbursement (if enrolled in eligible health plan)
  • Tuition reimbursement
  • Transit programs
  • Employee recognition program
  • Pension
  • 401(k) plan
  • Paid time off (PTO)
  • Holidays
  • Volunteer Paid Time Off (VPTO)
  • Parental Leave Benefit
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