Senior Credit Risk Specialist

Found in: Jooble CA O C2 - 1 week ago


Calgary AB, Canada BHE Canada Full time

Careers / Credit and Risk Manager – Calgary, AB
Credit and Risk Manager – Calgary, AB
Berkshire Hathaway Energy (BHE) Canada is a Canadian subsidiary of Berkshire Hathaway Energy focused on identifying and investing in business opportunities related to all aspects of the energy infrastructure market across Canada. BHE Canada currently owns and operates a 130 MW wind farm, a 20 MW natural gas-fired power plant, and a high voltage transmission line in Alberta. BHE Canada is headquartered in Calgary, Alberta.
BHE Canada is currently expanding its operations, creating a new power marketing subsidiary called AlbertaEx. This role provides an exciting opportunity to join a growing team as AlbertaEx is in the development phase with commercial operations expected to begin in 2025. Reporting to the Director of Accounting, the primary duties of this position involve managing the risks associated with the team’s energy trading activities across BHE Canada’s portfolio of generation assets. As the Credit and Risk Manager, you will play a key role in supporting commodity trading activities and evaluating the collateral needed to facilitate AlbertaEx’s trading relationships. Your key job functions will include the initial and ongoing assessment of the creditworthiness of counterparties, including high quality written analysis, financial analysis, internal rating determination, recommendation of credit limits, and annual credit review process, ensuring compliance with risk policies and covenants in commercial agreements. You will work closely with the Finance team and collaborate with various stakeholders to support the achievement of business goals and objectives.
In this position, you will be expected to provide your analysis, develop alternatives, and present recommendations to management on business topics, including: feasibility studies, credit analysis, cost/benefit analysis, trending/forecasting, and financial & budget analysis. You will also provide support in negotiating and administering key contracts such as power marketing & trading contracts, power purchase agreements, and transmission service agreements.
Generate and review various exposure reports from the Energy Trading and Risk Management System (ETRM), as well as other ad-hoc analysis to ensure risks are properly identified, characterized, and valued.
Report credit exposures, positions, risk assessments, and operational risk issues to senior management.
Collaborate with origination, pricing, structuring, and other various groups within the corporation on projects and transaction proposals to identify, quantify and report on the embedded risks.
Determine methodologies to identify and quantify risks in daily activity, large/structured transactions, and market dynamics.
Perform daily credit and collateral management activities to ensure exposures are maintained within approved limits under the credit policy.
Assess the initial and ongoing creditworthiness of counterparties, establish lines of credit, and ensure appropriate collateral arrangements.
Maintain the credit and collateral system of record, including counterparty information, contacts and onboarding documentation, credit ratings, parental guarantees, letters of credit, family hierarchies, and credit insurance.
Prepare credit reports in liaison with account officers, and interact with various departments, presenting recommendations to approval committees.
Write succinct credit reviews and recommendations to management based on comprehensive analysis of a company’s financial statements, industry trends, and energy market conditions.
Work closely with Finance and Planning to prepare quarterly, annual, and ad-hoc reports for senior executives, including financial liquidity, credit projections and similar ad-hoc items.
Review and assess the credit aspects of contracts related to wholesale energy and financial derivatives.
Coordinate and submit quarterly transaction data to regulatory bodies and other authorities.
Receive, process and review contracts and other related documents for completeness.
Assist with the negotiation of credit agreements, term sheets, pricing, and trade confirmations.
Function as liaison across several functional groups both internal (mid-office, back-office, front-office, accounting, legal and regulation) and external.
Bachelor’s degree in Accounting, Finance, Economics, Mathematics, or a related field; an advanced degree would be an asset
A minimum of three years of credit and risk analysis, treasury, or related experience.
Experience with various types of collateral support documentation, including letters of credit, guarantees, and escrow agreements.
Experience with developing credit analysis spreadsheet models.
Strong analytical and communication skills in quantitative and statistical analysis as well as demonstrated technical writing.
Project management skills including project leadership, task identification, scheduling, and cost/expenditure identification.
Ability to work in an unstructured environment managing and simultaneously moving forward on multiple projects.
Proven track record of good performance and attendance.
Some positions may require job specific assessments, regular criminal record checks, additional BHE Canada Ltd. training, medical assessments, annual drivers abstract, and drug tests. At BHE Canada Ltd. we celebrate diversity and inclusion. We are committed to fair employment practices, and all qualified applicants will receive consideration for employment regardless of race, religious beliefs, colour, gender, gender identity, gender expression, physical disability, mental disability, age, ancestry, place of origin, marital status, family status, source of income, sexual orientation or any other category protected by applicable provincial or federal law.
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