Sr. Credit Analyst I (II)

PJM Interconnection•Audubon, PA

1d•Remote

About The Position

In this role as a member of PJM's Risk Underwriting Team, you will be accountable for the credit and liquidity risk management of an increasing portfolio of counterparts engaged in the PJM markets. Individuals in this role perform analytical modeling to assess and minimize PJM's exposure to credit risk, perform counterparty credit risk assessment and scoring. The underwriting team performs fundamental credit risk assessments of counterparts across a diverse portfolio of counterparts including IOUs, IPPs, Cooperatives, Municipals, Financial Institution and Private Equity Firms. This position develops and implements best practices for credit underwriting approaches, monitors credit exposure across multiple market activity. In this role you will also be accountable for monitoring and identifying emerging market events, assess the impact to PJM counterparties and develop/recommend actions to be taken to de-risk counterparty risk in PJM's counterparty portfolio. Individuals in this position act as a key subject matter expert and contributes to the strategic objectives and risk management of the PJM.

Requirements

Bachelor's degree in Accounting, Business Administration, Finance or equivalent work experience
Ability to produce high-quality work products with attention to detail
Ability to communicate effectively in a team environment
Experience in quantitative and qualitative analysis
Experience using verbal and written communications skills
Ability to use Microsoft Office Suite (MS-Word, MS-Excel and MS-PowerPoint)

Nice To Haves

MBA, Business Administration
At least 4 years of experience working in a Credit Department with developing credit analysis reports
Experience with PJM operations, markets, and planning functions
Experience supporting any of PJM Committees
Experience with PJM Agreements and Tariffs

Responsibilities

Deliver fundamental credit risk analysis assessments of new applicants/existing market participants using PJM’s credit scoring model
Recommend credit limits align with market activity and PJM governing documents
Manage a large portfolio of market participants including exposure analysis, annual reviews, limit management, emerging market events and de-risking solutions
Partner with the membership, cash management and risk team to execute and enhance existing processes
Collaborate with a range of insurance companies / banks to ensure credit risk documents are in alignment with PJM tariff requirements
Develop and monitor credit weekly, daily and month-end reporting
Assist on presentations to Senior Management and Stakeholders
Analyze, highlight and report on top risks
Lead the coordination , maintenance and implementation of improved reporting and functionality of credit risk systems
Work in partnership with internal lines of business to perform root cause analysis to resolve self and stakeholder identified credit risk gaps
Mentor more junior members of the team
Act as a liaison between internal and external customers to troubleshoot and resolve issues
Perform other job-related duties as assigned

Benefits

Medical, vision and dental insurance
401(k) plan with 100% employer match up to 5% of salary
Non-elective 401(k) employer contribution
Vacation and paid holidays
Tuition reimbursement
Life insurance
Accidental death and dismemberment insurance
Short-term and long-term disability coverage
Business travel and accident insurance
Child day care referral program
Employee assistance program
Adoption benefits recognized by the Dave Thomas Foundation for Adoption, which has named PJM one of the best adoption-friendly energy and utility companies in America.