What are the responsibilities and job description for the Market Credit Analyst position at Ercot?
At ERCOT, our diverse and dynamic work environment provides a platform on which employees can work together to build the future of the Texas power grid and wholesale market utilizing the latest technologies and resources. We encourage you to join our talented, dedicated workforce to develop world-class solutions for today and tomorrow's energy challenges while learning new skills and growing your career.
ERCOT is committed to fostering inclusion at all levels of our company. It is the cornerstone of our corporate values of accountability, leadership, innovation, trust, and expertise. We know that individuals with a wide variety of talents, ideas, and experiences propel the innovation that drives our success. An inclusive and diverse workforce strengthens us and allows for a collaborative environment to solve the challenges that face our industry today and in the future.
The Market Credit Analyst performs daily monitoring of market participant liabilities and exposures, manages collateral postings and transactions, evaluates new participant applications, and enforces compliance to Credit-related requirements under the ERCOT Protocols. The analyst also serves as a key point of contact for market participants on credit-related matters or inquiries.
JOB DUTIES- Reviews and monitors market participant reports and exposures daily
- Issues requests for additional collateral and ensures compliance to collateral requirements
- Performs collateral management tasks including maintaining all collateral documentation and records
- Ensures market participants meet payment deadlines and submit all required documentation on time, while consistently enforcing applicable remedies for late payments or noncompliance.
- Processes applications of prospective ERCOT market participants, ensuring compliance with all applicable credit requirements under the ERCOT Protocols.
- Reviews the financial position and credit exposure of market participants in support of established credit risk management objectives
- Corresponds with market participants regarding various credit-related matters and inquiries
- Monitors and enforces market participant compliance to all other Protocol requirements
- Coordinates with other departments in performing various departmental tasks
- Supports Credit Finance Sub Group meetings and activities
- Level 1: requires no minimum level of experience
- Level 2 requires minimum 2 years work experience in business or finance-related fields
- Bachelor's Degree : Finance, Accounting or related field (Required)
- or a combination of education and experience that provides equivalent knowledge to a major in such fields is required
The foregoing description reflects the minimum qualifications and the essential functions of the position that must be performed proficiently with or without reasonable accommodation for individuals with disabilities. It is not an exhaustive list of the duties expected to be performed, and management may, at its discretion, revise or require that other or different tasks be performed as assigned. This job description is not intended to create a contract of employment with ERCOT. Both ERCOT and the employee may exercise their employment-at-will rights at any time.
ERCOT is firmly committed to equal employment for all qualified persons without regard to race, sex, medical condition, religion, age, creed, national origin, citizenship status, marital status, sexual orientation, physical or mental disability, ancestry, veteran status, genetic information or any other protected category under federal, state or local law.
Expected Salary Range:
$83,000 - $115,000Salary : $83,000 - $115,000