Manager, Credit Risk - BSC (Hybrid)

Job Description

Description

We're powering a cleaner, brighter future.

Exelon is leading the energy transformation, and we're calling all problem solvers, innovators, community builders and change makers. Work with us to deliver solutions that make our diverse cities and communities stronger, healthier and more resilient.

We're powered by purpose-driven people like you who believe in being inclusive and creative, and value safety, innovation, integrity and community service. We are a Fortune 200 company, 19,000 colleagues strong serving more than 10 million customers at six energy companies -- Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco).

In our relentless pursuit of excellence, we elevate diverse voices, fresh perspectives and bold thinking. And since we know transforming the future of energy is hard work, we provide competitive compensation, incentives, excellent benefits and the opportunity to build a rewarding career.

Are you in?

PRIMARY PURPOSE OF POSITION

The Enterprise Credit Manager is primarily responsible for the governance and oversight of credit and collection practices across Exelon Operating Companies.  The most prominent perform responsibility will be the assessing, analyzing, and subsequent mitigation of Exelon Operating Companies exposure as related to Large Commercial and Industrial (LC&I) customers, via deposit demands.  The secondary perform responsibility will include the management of credit and collateral related activities in the default electric procurement, gas and electric choice programs, and renewable energy credit procurements across Exelon Operating Companies.    

PRIMARY DUTIES AND ACCOUNTABILITIES

• Work directly with utility Customer Operations groups to ensure effective monitoring of the creditworthiness of all C&I customers and obtain deposits, where applicable.
• Assess and analyze the credit worthiness of various types of customers/vendors/counterparties and monitor current and potential exposures.  Approve credit requests within assigned authority.
• Manage analysts who perform default electric margining.
• Administer and support credit related activities associated with electric procurements, gas and electric choice programs, and renewable energy credit procurements.
• Generate and lead ideations to further automate current tasks within the team.
• Manage Outgoing Exelon Operating Companies Letter of Credit Issuance and Maintenance.
• Manage the Optimization of Exelon’s unsecured credit limit from PJM across Exelon Operating Companies           .            

JOB SCOPE

The Enterprise Credit Manager is closely aligned with the business and functional leaders throughout utility operating companies and is expected to foster and maintain strong working partnerships with their respective peers.  Through its interaction and various operating companies within Exelon, this function provides valuable insight and reports to ensure the financial viability of the Corporation.  Decisions made by this group can substantially impact the bottom line of the organization.  The ability to directly interact with external customers is also extremely important.

In addition to the above, the Enterprise Credit Manager is responsible for:

• Alerting Risk and Utility operating company management of early warning signals of potential high-risk counterparties/customers and assisting in risk mitigation activities through maintaining operating company customer watchlists
• Providing firm C&I customer deposit recommendations to respective utility revenue management groups based on creditworthiness assessments
• Negotiating credit terms and conditions, participating in customer calls to assess counterparty creditworthiness, and performing customer visits, as warranted
• Supporting Enterprise Credit leadership in managing counterparty/customer limits and exposure monitoring to maintain compliance with credit policy and specific counterparty credit terms
• Administering and supporting all credit risk activities associated with wholesale electric and procurements, gas and electric choice programs, and renewable energy procurements
• Developing strong relationships between Enterprise Credit and the Utility operating companies

Qualifications

MINIMUM QUALIFICATIONS

• BS in Accounting, Economics, Finance, Mathematics, or a related degree
• At least 7-10 years of experience in the power/gas or utility business
• Significant knowledge of the electric/gas utility business model
• Strong understanding of financial and wholesale energy trading markets and the utility regulatory construct
• Excellent organizational, verbal and written communication skills with ability to handle multiple duties
• Strong interpersonal skills with the ability to interact with utility, corporate, and functional partners, external counterparties, vendors, and senior level executives within the organization  
• Self-motivated, directed, and possess excellent time management skills
• Ability to handle multiple tasks in a fast-paced and very ambiguous environment

PREFERRED QUALIFICATIONS

• Completion of formal credit training program
• Credit workout experience
• MBA, or CFA
• Advanced understanding of Mark to Market calculations and valuations of forward contract positions
• Thorough knowledge of credit and risk management fundamentals
• Credit and Collections experience
• Microsoft PowerBi experience
• Regulatory or rate making experience at a public utility