Puget Sound Energy→
Financial Analyst - Energy Risk Control Analyst (Bellevue, WA, US, 98004)
Bellevue, WA
$73k–$103k/yr
2+ years
Today
Skills
Job Description
Puget Sound Energy is looking to grow our community with top talented individuals like you! With our rapidly growing, award winning energy efficiency programs, our pathway to an exciting and innovative future is now.
PSE's Enterprise Risk Management team is looking for qualified candidates to fill an open Financial Analyst - Energy Risk Control Analyst position!
Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process.
Job Description
Responsible for maintaining the integrity of data within PSE's Energy Trade Risk Management (ETRM) applications and Environmental Attributes Management Systems. Performs reconciliations of commodity transactions, environmental attribute transactions and analyzes mark-to-market (MtM) changes for the gas and power portfolios. Responsible for managing the portfolio of enabling agreements, collaterals and counterparty relationships that support wholesale trading, resource acquisition and transmission etc. Monitors counterparty credit exposure and exchange margin accounts to mitigate default risk and address market liquidity constraints. Cultivate strong relationships with trading and accounting teams to deliver comprehensive solutions. Possesses strong curiosity, process improvement mindset and automation skill sets.
Upholds the safety compliance standards inherent in PSE’s operating and/or field procedures related to work responsibilities. Promotes and supports a culture of total safety.
Demonstrates commitment to conduct business honestly, ethically and consistent with our core values and Code of Conduct. Ensures duties are performed in accordance with all regulatory compliance obligations.
Job 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.
Minimum Qualifications
- 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
Desired Qualifications
- 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.
Additional Information
At PSE, we value our employees and provide them with opportunities to excel. We offer a competitive and comprehensive total rewards package. To learn more about why PSE is a great place to work, see our Employee Value Proposition, which highlights our commitment to employee growth, work-life balance, and meaningful career opportunities in the energy sector.
The pay range for this position is $72,700.00 - $103,300.00, and this position is eligible for annual goals based incentive bonuses.
PSE offers a suite of benefits to our employees. Employees are eligible for medical, dental, vision, basic life, and short- and long-term disability insurance. There are additional voluntary options of supplemental life insurance, accidental death and dismemberment insurance, flexible spending accounts for health care and dependent daycare, and an Employee assistance program (EAP). For long term savings, PSE offers a 401(k) investment option and a cash balance retirement plan. Employees will also receive Paid Time Off (PTO) and Paid Holidays throughout the calendar year. Detailed benefit overviews can be found on our Career page - Why Work For Us (pse.com).
Families and businesses depend on PSE to provide the energy they need to pursue their dreams. Our steadfast commitment to serving Washington communities with safe, dependable and efficient energy started in 1873. Today we're building the Northwest's energy future through efforts like our award winning energy efficiency programs and our leadership in renewable energy.
Puget Sound Energy is committed to providing equal employment opportunity to all qualified applicants. We do not discriminate on the basis of race, color, religion, sex, national origin, age, sexual orientation, gender identity, marital status, veteran status or presence of a disability that with or without reasonable accommodation does not prevent performance of the essential functions of the job, or any other category prohibited by local, state or federal law.
Should you have a disability that requires assistance and/or reasonable accommodation with the job application process, please contact the Human Resources Staffing department at jobs@pse.com or 425-462-3017.