Manager - Credit

5 days ago

Portland, United States Iberdrola Full time

The base salary range for this position is dependent upon experience and location, ranging from $111,544 to $139,431

Position Description

The Credit Manager will manage the day-to-day functions of the Power Trading Desk, Procurement Credit and Wind Origination group (including Renewable Energy Certificates) as well as manage a team of Senior, Career Level and/or Junior Credit Analysts.

Key Responsibilities

  • Implement established Corporate Credit Policies for the investigation, monitoring and reporting of all credit-related exposures company-wide, including all facets of electricity, gas and derivatives trading.
  • Contribute to the development of Company Credit Strategy.
  • Contribute to identification and mitigation of credit risks within the company. Provide alternatives and recommendations to internal and external customers.
  • Oversee the generation of daily credit exposure reports and monitor power and financial power counterparty credit exposure.
  • Evaluate the creditworthiness of energy trading counterparties and structured contract counterparties by performing financial and qualitative analysis. Review the credit evaluation of the credit analysts for approval or recommendation to Director of Credit and/or Group Risk Director.
  • Monitor long term, structured deal counterparty credit exposure on a daily basis, assess daily changes in credit exposure make recommendations to management based on evaluation of credit exposure reports.
  • Review and assess the credit aspects of contracts related to power and financial trading along with long-term structured contracts, including Power Purchase Agreements and Interchange & Exchange Agreements, Letters of Credit and Guarantees.
Additional Responsibilities
  • Work closely with IT personnel in the design of daily, weekly, month and ad hoc credit reports.
  • Work closely with Risk Management and energy trading personnel on long term deal structuring and approval.
  • Undertake special projects as assigned.
  • Ensure all relevant internal controls are followed and develop new controls as needed.
Required Qualifications
  • 7+ years' experience in the field of Credit, Energy Trading, Risk Management and / or Finance or an equivalent combination of experience in any of these areas or other applicable field.
  • B.S. in Accounting, Finance or related field or the equivalent combination of education and experience.
  • Knowledge of Power and Financial Power Trading and Origination and familiarity with Renewable Energy Certificates and Renewable Power transactions.
  • Familiarity with electricity and gas Purchase and Sale Agreements, ISDA Agreements, EEI Agreements, NAESB Agreements, Gas EDI Agreements, Power Purchase Agreements, Netting Agreements and collateral documents, including Guarantees, Letters of Credit and escrow agreements.
  • Familiarity with ROME CreditRisk and ZaiNet.
  • Proficiency in Microsoft Office Programs, with an emphasis on Word and Excel.
  • Ability to work with trading and risk management software systems and the ability to work in a fast-paced environment.
  • Ability to work with legal and business personnel to negotiate and resolve contract issues.
Preferred Qualifications
  • MBA or related Master's Degree.
  • Previous management experience.
Additional Success Factors
  • Ability to foster and participate in a productive team environment by establishing and maintaining effective working relationships with co-workers, managers, customers, contractors, and vendors.
  • Ability to analyze project risks and proactively identify solutions with a flexible, creative, and solution-focused outlook on problem solving.
  • Maintains effectiveness during procedural/organizational changes and when dealing with varying personality styles and tasks.
  • Effectively provides and receives information orally in individual and group situations. Written expression is clear, concise, and conveys the desired message.
  • Ability to navigate and succeed in a highly matrixed reporting structure, preferably at an international company.


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Mobility Information

Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country

AVANGRID's employment practices and policies are geared to hiring a diverse workforce and sustaining an inclusive culture. At AVANGRID we provide fair and equal employment and advancement opportunities for all employees and candidates regardless of race, color, religion, national origin, gender, sexual orientation, age, marital status, disability, protected veteran status or any other status protected by federal, state, or local law.
If you are an individual with a disability or a disabled veteran who is unable to use our online tool to search for or to apply for jobs, you may request a reasonable accommodation by contacting our People and Organization department at careers@avangrid.com

Job Posting End Date:
September-14-2024

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