Job Description
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.