Position: 2417 - Energy Risk Specialist

Location: Hybrid - Rosemead, CA 91770

The Energy Risk Specialist (ERS) will be responsible for compiling data to respond to regulatory requests and internal/external audits. The ERS may assist in the preparation of management reports that summarize transactions and exceptions. The ERS may also provide support in the generation of forward curves and Mark-to-Market (MTM) values for reporting purposes. The Specialist may then assist in analyzing this MTM data and providing explanations for financial reporting to internal and external partners.

The ERS must be able to work under strict timelines since other internal partners are dependent on much of their work. The ERS must be detail oriented with the ability to multi-task. The Specialist will be expected to independently identify and resolve issues. The Specialist may also recommend and implement improvements to complex spreadsheets (UDAs) in order to streamline processes and meet business needs.

Responsibilities:

· Responsible for uploading and maintaining energy prices in the deal capture system

· Tracks exposure and collateral reports in order to manage credit risk

· Monitors expiring collateral and coordinates with banks or insurance companies to draw on collateral, when necessary

· Processes margin calls with counterparties and clearing firms. Expeditiously resolves margin disputes.

· Reviews incoming collateral instruments such as letters of credit, parental guarantees, surety bonds, escrow accounts, and cash for accuracy and processes for approval

· Coordinates with banks and others to issue letters of credit when client is required to post collateral

· Enters all transactions in the credit risk system to ensure accurate recording of all collateral held and posted

· Performs variance analysis of Risk Management General Ledger cash accounts for financial and audit purposes

· Assists in the execution of complex spreadsheets and systems to generate forward curves and MTM values for daily, monthly, and quarterly reporting

· Represents Risk Management at companywide meetings regarding policies and documents

Required Skills/Attributes

· Three or more years of experience in an analytical role.

· Bachelor’s Degree or higher in Business, Accounting, Economics, or related field

· Proficiency with Microsoft Suite applications such as Excel, Word, and PowerPoint

Desired Skills/Attributes

· Experience with energy contracts, risk management related to energy procurement, or the CAISO market

· Knowledge of accounting processes and procedures

· Experience with macros and database queries

· Knowledge of Entegrate, Endur, or other commodity trading systems

· Experience with SAP or similar enterprise wide ERP system

· Strong verbal/written communication and interpersonal skills

· Ability to effectively work in a fast-paced environment

· Ability to follow Edison Safety protocols and principals

Job Type: Contract

Pay: $38.09 per hour

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Vision insurance

Schedule:

• Monday to Friday

Education:

• Bachelor's (Required)

Experience:

• tracks & collateral reports in order to manage credit risk: 3 years (Required)
• upload & maintain energy prices in the deal capture system: 3 years (Required)
• performs analysis of Risk Mgmt General Ledger cash accounts: 3 years (Required)
• enters all transactions in the credit risk system: 3 years (Required)
• Microsoft Suite applications: Excel, Word, and PowerPoint: 3 years (Required)

Work Location: Hybrid remote in Rosemead, CA 91770

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