Energy Risk Specialist [Hybrid]

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Job Description

Join the Clean Energy Revolution

Become an Energy Risk Specialist (ERS) at Southern California Edison (SCE) and build a better tomorrow. In this job, you will assume a key role on the desk processing collateral instruments to manage credit exposures around Energy Procurement & Management, Transmission & Distribution, Supply Chain Management, and Customer Service activities. The Specialist will oversee collateral holdings, such as letters of credit, parental guarantees, surety bonds, escrow accounts, and cash, to ensure appropriate compliance based on contractual credit terms.

The 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.

As a Specialist, your work will help power our planet, reduce carbon emissions and create cleaner air for everyone. Are you ready to take on the challenge to help us build the future?

A day in the life - Get ready to think big, work smart and shine bright!
  • 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 SCE 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

The essentials
  • 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

The preferred
  • 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

You should know...
  • Effective January 2022, this position's work mode is Hybrid. The employee will report to an SCE facility for a set number of days with the option to work remotely on the remaining days. Unless otherwise noted, employees are required to reside in the state of California. Further details of this work mode will be discussed at the interview stage.
  • Visit our Candidate Resources page to get important information related to benefits/perks, testing, candidate tips, hiring process, and more!
  • This position may require an excel assessment.
  • This position requires testing and applicants who are identified to continue through the selection process will be invited to test via email. Please access our Information Guides , to reference Edison Individual Contributor Workstyles test 8203. Candidates who have previously passed these assessment(s), in some cases, may not need to retest again for this position.

About SCE

The people at SCE don't just keep the lights on. Our mission is so much bigger. We're fueling the kind of innovation that's changing an entire industry, and quite possibly the planet. Join us and create a future with cleaner energy, while providing our customers with the safety and reliability they demand. At SCE, you'll have a chance to grow personally and professionally, making a real impact in Southern California and around the world.

At SCE, we celebrate our differences. We are a proud Equal Opportunity Employer and will not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status or any other protected status.

We are committed to ensuring that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodations at (833) 343-0727. #LI-LH1