Financial Analyst - Energy Risk Control Analyst

Puget Sound Energy•Seattle, WA

About The Position

Puget Sound Energy (PSE) is seeking qualified candidates to fill an open Financial Analyst - Energy Risk Control Analyst position within its Enterprise Risk Management team. Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process. This role is responsible for maintaining the integrity of data within PSE's Energy Trade Risk Management (ETRM) applications and Environmental Attributes Management Systems. The analyst will perform reconciliations of commodity and environmental attribute transactions, and analyze mark-to-market (MtM) changes for gas and power portfolios. Key responsibilities include managing enabling agreements, collaterals, and counterparty relationships that support wholesale trading, resource acquisition, and transmission. The position also involves monitoring counterparty credit exposure and exchange margin accounts to mitigate default risk and address market liquidity constraints. The ideal candidate will possess strong curiosity, a process improvement mindset, and automation skill sets. The role also upholds safety compliance standards and promotes a culture of total safety, while ensuring all duties are performed honestly, ethically, and in accordance with core values, the Code of Conduct, and regulatory compliance obligations.

Requirements

Bachelor’s degree in Business, Finance, Accounting or related field and/or equivalent experience
Effective verbal and written communication skills
Outstanding attention to details, problem solving, and analytical skills

Nice To Haves

Track record of process improvement and automation delivery
2+ years of experience in the gas and/or electric industry
Demonstrated ability to manage multiple projects and create capacity
Ability to adapt and react to unforeseen business decisions and situation
Advanced reporting ability using Excel, PowerBI, and Sql etc.

Responsibilities

Conducts credit reviews on trading, resource acquisition and transmission counterparties assessing counterparty credit limits based on creditworthiness, operational needs and collateral posted.
Manages environmental attribute (RECs, CFS, RNG, RTC etc.), including but not limited to attribute credit generation, transfer and retirement as well as all required reporting and data requests etc.
Performs daily transaction audit, identify material changes, verify and correct discrepancies and monitor remediation as necessary
Assists in review of margin accounts and distributes EOD collateral forecasts
Monitors daily credit exposures, notify traders when the thresholds are being approached and address limit or restriction exceedances by formulating appropriate mitigation plans
Monitors counterparty credit health in real-time and address any material deteriorations
Works with external vendors and IT to troubleshoot issues related to credit models and ETRMS systems
Builds ad-hoc reports (Excel, PowerBI, Python, SQL etc.) per the team’s needs and management direction
Acts as a liaison between the Mid-office and trading on credit related issues
Ensures daily transactions are confirmed and all tracking spreadsheets are updated in an accurate, timely and reliable manner, meeting SOX requirements
Manage permits/certificates/reporting required for natural gas import/export and gas recall etc.
May be required to work with legal counsel in the negotiations of NDAs, collateral agreements, new enabling agreements and contract novations
Performs other duties as assigned.