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Credit Risk Analyst
at Calpine in California
Calpine Corporation is America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Its fleet of 77 power plants in operation represents over 27,000 megawatts of generation capacity. Through wholesale power operations and its retail businesses, Calpine serves customers in 22 states and Canada. Its clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner.
The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, its renewable geothermal plants use steam generated deep below the earth's surface to produce clean, renewable electricity.
Job Summary (includes but is not limited to the following, other duties may be assigned)
Independently manages an assigned counter party portfolio by interfacing with all levels of sales and management, to ensure the protection of the companys mark to market exposure (MTM) and accounts receivable assets through the effective use of credit risk analytics and systems. Provides support to the companys sales efforts by performing timely credit risk analysis on potential and existing counter parties. At all times exercises discretion and independent judgment in assigned areas of responsibility.
Key Activities
Perform credit risk analysis
Develop risk mitigating products
Job Responsibilities
Credit Risk Analysis 65%
Performs detailed credit risk analysis, including analysis of financial data and ratios, to qualify new and existing counter parties that meet established timelines and support ongoing sales negotiations.
Utilizes outside vendors, (Standard & Poors, Moodys, Dun & Bradstreet, etc.) to thoroughly research and obtain salient industry and counter party data for credit risk evaluation.
Perform annual reviews of financial and credit data for assigned account portfolio. Calculates and assigns credit risk ratings based upon the output of proprietary scoring models.
Initiates modifications of credit limits to existing customers to support increased business opportunities or to protect the company from undo losses.
Reporting & Special Projects 25%
Generates an array of accurate monthly, quarterly and annual management reports.
Establishes and maintains counter party data in Allegro system.
Supports the Director, Credit Risk as required by performing special projects, ad hoc reporting, routine requests, etc.
Collections 10%
Authorized to work autonomously in day-to-day decision making to effectively collect payments from customers in accordance with contractual terms.
Empowered to negotiate terms of sale and payment plans as necessary.
Interfaces with all levels of sales, senior management and other internal departments to expedite the resolution of disputes and thus ensure the protection of the companys settlement risk through the effective use of systems and proven collection practices.
Integral in the ongoing reconciliation of customer accounts.
Develops and maintains effective working relationships with internal and external customers to maximize cooperation and efficiency.
Job Requirements
Bachelors Degree in finance, accounting or equivalent experience
Minimum of three (3) years in commercial credit
Demonstrated organization, analytical and problem-solving skills are required.
Highly skilled in complex financial analysis as it relates to evaluating creditworthiness.
Is able to identify and prioritize various tasks to efficiently produce results.
Strong verbal, written and interpersonal communication skills are essential.
Energy industry or banking experience is preferred.
Experienced with receivable management systems and is proficient in Microsoft Excel and Word.
Salary Information Position is eligible for annual bonus.
Salary range - $56,358 to $83,129
Additional Calpine Information
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. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position, please send an e-mail with your request to hrrecruitment@calpine.com. Determination on requests for reasonable accommodation are made on case-by-case basis.
Please view Equal Employment Opportunity Posters provided by OFCCP here
Reference : Credit Risk Analyst jobs
Reference : Credit Risk Analyst jobs
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Published at 28-09-2024
Viewed: 85 times
Viewed: 85 times