Credit Risk Specialist

Description

Salary Range: $97,583-$130,111

Relocation: No

About Us

Oncor Electric Delivery Company LLC, headquartered in Dallas, is a regulated electricity transmission and distribution business that uses superior asset management skills to provide reliable electricity delivery to consumers. Oncor (together with its subsidiaries) operates the largest transmission and distribution system in Texas, delivering power to nearly 4 million homes and businesses and operating more than 143,000 miles of transmission and distribution lines in Texas.

Position Summary

As a Credit Risk Specialist at Oncor, you'll focus on Credit Risk Management and U.S. Securities and Exchange Commission (SEC) Reporting, Financial Compliance and Treasury Operations Support. This role will assist Credit Manager in managing the administration of the Oncor Credit Risk Policy and develop credit risk reports for senior leadership, the Risk Management Forum and for quarterly and annual financial disclosures. In addition, this role supports Oncor Treasury's SEC reporting, daily treasury operations, and financial compliance activities.

Key Responsibilities :

For Credit Risk includes:

• Provide stakeholders with analysis of current and prospective counter party business and financial credit worthiness.

• Ensure credit extension to Retail Electric Providers follows the required regulatory rules.

• Assist in directing and monitoring credit activities that balance strong support of Oncor operating activities while maintaining the quality of receivables and mitigating risk in the portfolio to support Oncor's objectives and strategies while optimizing risk/return.

• Develop our underwriting strategy to establish a best-in-class credit strategy.

• Interface with all business units within Oncor especially the Accounting, Revenue Management and Legal departments to facilitate Oncor business objectives.

• Must be able to effectively communicate performance results, performance updates and key initiatives to senior management.

• Develops full knowledge of and assists in managing the Company's credit policy and procedures for Oncor operations.

• Assists in preparing credit risk reports to the Risk Management Forum, Leadership Team and business units as needed.

• Maintains and applies credit risk methodologies used in both the credit evaluation process and scoring matrix for assessing credit risk in establishing counter party credit limits.

• Assist in administering the $500 million Accounts Receivable Securitization Financing program.

• Provides credit analysis and makes recommendations to business units on credit exposure with counter parties.

• Negotiates, monitors and manages over $2 billion of collateral received by Oncor; understands legal ramifications of content within the acceptable collateral forms for letters of credit, guaranties and surety bonds.

• Quarterly reconcilement of cash deposits held in a restricted escrow account.

• Ensures tickler system for maturing securities, such as letters of credit, guaranties or surety bonds, is properly maintained and monitored.

• Manages and monitors accounts receivable levels; assists in collections especially on problem accounts; participate in regular conference calls with the out-sourced collection group.

• Assists in managing and monitoring bankrupt accounts, files timely proof of claims, attends creditors/debtors' meetings and works with Legal counsel to maximize return; and understands and conducts information searches within Oncor's accounts receivables (AR) system.

• Identifies areas of process and system improvements and develops strategies to enhance efficiency.

For Compliance, Insurance and Treasury Operations:

• Assist Credit Manager in preparing and submitting the required Request for Information (RFI's) on a quarterly basis in support of providing necessary disclosure in 10Q and 10K filings.

• Assist in preparation of certain compliance documents and in the absence of such Treasury Operations individuals, perform their duties to the same standard.

• Facilitates 'small shop' approach to multiple functions (finance compliance, insurance, treasury operations, maintenance of major financial instruments, etc.) with periodic cross training and sufficient review of compliance with financial instruments and insurance policies in order to achieve role performance in the absence of any incumbent;

• Supports the compliance and insurance manager in daily operations, including timely execution of officer certificates and compliance obligations, reviews of finance and insurance agreements and acts in the place of the manager in his absence;

• Supports treasury operations personnel in daily procedures and serves in place of associates in their absence;

• Timely notifies cash manager of any large anticipated A/R collections to assist daily projection of cash;

• Reviews daily lockbox and electronic payments to assist the Revenue Processing group in processing timely payments; and

• Assists in various Finance and Treasury projects as needed.

Skills :

• Proficient understanding of regulatory, financial and subjective credit data in order to appropriately evaluate counter-party credit worthiness.

• Ability to understand and analyze a balance sheet, income statement, cash flow statement and footnotes.

• Knowledge and a strong understanding of collateral documents including guarantees, letters of credit and surety bonds and the ability to negotiate terms of such documents.

• Strong interpersonal and leadership skills and the ability to influence others, both externally and internally.

• Strong verbal, written, listening and conflict management skills capable of interacting with multiple levels of personnel.

• Proficient business acumen including knowledge of Oncor's business objectives and regulatory environment.

• Ability to obtain support and buy-in across a wide range of stakeholders; create a strong network of relationship among peers, internal partners, external constituencies, decision makers and stakeholders.

• Proven ability to apply credit and risk principles toward business goals.

• Demonstrated ability to synthesize, prioritize and drive results with a high sense of urgency when required.

• Proven ability to remain organized in a fast-paced environment and operate with a limited level of direct supervision.

• Demonstrated interpersonal, organizational and analytic skills.

• Ability to effectively present analysis and interact with key stakeholders.

• Advanced Microsoft Office skills (Word, Excel and PowerPoint).

Education & Experience :

• Bachelor's degree in finance, business economics or accounting and 5+ years of experience in a credit-related environment required.

Measure of Success :

• Timely and accurate credit risk and other reports to management and external sources.

• Accurate tickler system for monitoring of security.

• Minimize bad debt expense and percentage of receivables beyond 30 days past due.

• Understanding other positions' responsibilities and obligations within the Treasury group and assist in fulfilling their obligations in their absence.

• Ability to possibly assume the role of Credit Risk Manager.

Benefits

At Oncor, we offer a comprehensive set of benefits, compensation and performance management programs designed specifically to attract, retain, motivate and reward our high-performing workforce. Our supportive and inclusive culture allows every team member the opportunity to thrive and make a difference. We invest in our employee's success and well-being by offering such things as:

• Annual incentive program.

• Competitive health and welfare benefits (medical, dental, vision, life insurance).

• Ability to earn wellness incentives (up to $2,000 in 2025) and other wellbeing resources.

• 401k with dollar-for-dollar company match up to 6%.

• 401k match with student debt program.

• Cash balance pension plan.

• Adoption Assistance.

• Mental health resources.

• Employee resource groups.

• Tuition reimbursement.

• Competitive vacation, 10 company holidays and 2 personal holidays.

• Paid parental leave.

• Salary continuation for up to 6 months for approved employee illness or injury.

• Other perks such as commuter benefits, electric vehicle incentive program, appliance purchase plan.

Participation in benefit programs for employees in collective bargaining units is subject to the applicable collective bargaining agreement.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)