Credit Risk Manager (Electric Utility) (The Woodlands, Texas, United States) - Entergy

Work Place Flexibility: Hybrid 

Legal Entity: Entergy Services, LLC 

Job Summary/Purpose

The Manager, Credit Risk is responsible for overseeing and executing the business-to-business credit risk assessment processes for the company's utility operations. This role requires a strategic leader with deep expertise in credit risk and financial analysis in the energy and utility markets. The manager leads a team of credit and liquidity risk analysts and work closely with other departments (such as operations and finance) to ensure that those risks are effectively mitigated.

Job Duties/Responsibilities

• Lead and develop a team of credit and liquidity risk analysts, providing coaching, training, and performance feedback. As a subject matter expert on credit risk management in the energy and utility sectors lead and/or participate on cross-functional teams including finance, operations, legal, and compliance to support broader business objectives.
• Develop and implement comprehensive credit risk assessment models and processes to monitor and evaluate the creditworthiness of counterparties, including non-residential customers, vendors, and partners in the energy and utility sectors. Analyze financial statements, payment history, industry trends, and external credit reports to assess risk.
• Identify and assess credit and liquidity risks in underlying agreements. Design, recommend and support the application of risk mitigation techniques including trade/credit insurance, surety bonds, letters of credit and other forms of third-party credit enhancements. Collaborate with cross-functional teams on credit-related contract negotiations, such as security arrangements and collateral requirements. Ensure compliance with internal policies and regulatory requirements.
• Direct the credit evaluation teams for the acquisition of generating resources via competitive Request for Proposal processes. Provide credit risk evaluation services in support of the corporate risk committee process, ongoing counterparty research and ad hoc analyses at the request of internal customers.
• Oversee the company's credit risk portfolio, ensuring that exposure is monitored. Implement and track key risk indicators (KRIs) and performance metrics for credit risk. Prepare regular reports for senior management and other stakeholders, providing insight into credit risk trends, exposures, and recommended actions.
• Ensure that liquidity risks arising from contractual arrangements are identified, assessed and appropriately managed.
• Remain current with industry trends, market conditions, and regulatory changes that may impact credit risk in the energy and utility sectors. Adjust risk management strategies in response to evolving market and regulatory environments.
• Encourage and champion process improvements to benefit the team and/or the organization.

Minimum Requirements

Minimum education required of the position

• Bachelor's degree in Finance, Economics, Business, or a related field. MBA or advanced degree preferred.

Minimum experience required of the position

• 7 years of experience in credit risk management, with at least 3 years in the energy or utility industry. Proven track record of managing credit risk within large, complex organizations. Experience leading a team and working cross-functionally with senior stakeholders.

Minimum knowledge, skills, and abilities required of the position

• Extensive credit risk management knowledge, preferably in a business-to-business settings. Strong knowledge of trade/credit insurance, surety bonds and letters of credit
• In-depth knowledge of energy and utility markets, regulatory frameworks, and credit risk factors . High level of familiarity with the types of third-party transactions inherent in the electric utility or other capital-intensive industries
• Excellent communication and presentation skills
• Ability to prioritize and handle multiple time sensitive projects effectively

Any certificates, licenses, etc. required of the position

• Preferred: CPA, CFA or MBA 

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Primary Location: Texas-The Woodlands Texas : The Woodlands 
Job Function: Professional
FLSA Status: Professional 
Relocation Option: No Relocation Offered
Union description/code: NON BARGAINING UNIT 
Number of Openings: 1
Req ID: 116006
Travel Percentage:Up to 25%

An Equal Opportunity Employer, Minority/Female/Disability/Vets. Please click here to view the EEI page, or see statements below.

EEO Statement: The Entergy System of Companies provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, gender, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, amnesty, or status as a protected veteran in accordance with applicable federal, state and local laws. The Entergy System of Companies complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment including, but not limited to, recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training. 

The Entergy System of Companies expressly prohibits any form of unlawful employee harassment based on race, color, religion, sex, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with the ability of the Entergy System of Company employees to perform their expected job duties is absolutely not tolerated.

Accessibility: Entergy provides reasonable accommodations for online applicants. Requests for a reasonable accommodation may be made orally or in writing by an applicant, employee, or third party on his or her behalf. If you are an individual with a disability and you are in need of an accommodation for the recruiting process please click here and provide your name, contact number, the accommodation requested and the requisition number that you are requesting the accommodation for. Employee Services will contact you regarding your request.

Additional Responsibilities: As a provider of essential services, Entergy expects its employees to be available to work additional hours, to work in alternate locations, and/or to perform additional duties in connection with storms, outages, emergencies, or other situations as deemed necessary by the company. Exempt employees may not be paid overtime associated with such duties.

Entergy Pay Transparency Policy Statement: The Entergy System of Companies (the Company) will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the Company’s legal duty to furnish information.  41 CFR 60-1.35(c). Equal Opportunity and Pay Transparency.

Pay Transparency Notice:

Pay Transparency Nondiscrimination Provision (dol.gov)

The non-confidential portions of the affirmative action program for individuals with disabilities and protected veterans shall be available for inspection upon request by any employee or applicant for employment.  Please contact HRCompliance@entergy.com to schedule a time to review the affirmative action plan during regular office hours.

WORKING CONDITIONS:
As a provider of essential services, Entergy expects its employees to be available to work additional hours, to work in alternate locations, and/or to perform additional duties in connection with storms, outages, emergencies, or other situations as deemed necessary by the company. Exempt employees may not be paid overtime associated with such duties.

Please note: Authorization to work in the United States is a precondition to employment in this position. Entergy will not sponsor candidates for work visas for this position.