Risk & Energy Analyst - Avista Utilities
Spokane, WA
About the Job
Description
Closes: November 3, 2024Starting Range: $62,895 to $106,174Full Range: $62,895 to $118,425
Job DescriptionResponsible for the identification and reporting of risks associated with Energy Supply strategies to manage resources and transactions that result in increased market presence and value. Assists in maintaining risk management systems and data. Prepares and analyzes daily risk management reports, works closely with energy traders and marketers to incorporate short-term market risks into risk management strategy. Works with management on reviewing and analyzing the portfolio strategy and associated risks. Identifies industry, market, regulatory, and other changes requiring business process and system changes in support of risk management, credit and related business operations. Proposes and advocates for adoption of solutions.
Responsibilities
+ Completes daily physical and financial position reports for marketers and management. Ensures proper valuation and reporting of all products in the risk management system.
+ Utilizes appropriate strategies to analyze price, commodity, and basis risk. Coordinates and provides financial risk knowledge, advice to other groups as needed. Maintains relationships with external counterparties.
+ Provides support to other risk management system users. Perform daily review and investigative processes to ensure accuracy, integrity and validity of system data and inputs.
+ Follows movement in forward market prices, price volatility, and liquidity. Monitors and reports physical commodity positions and financial exposure relative to company authorized limits.
+ Provides support for daily credit functions, such as margin calls and other credit and wholesale contract functions.
+ Provides information on contract terms and conditions, exposure by counter-party, and related information. Coordinates authorizations for trades with counter-parties and monitors credit limits.
+ Develop and utilize spreadsheets, scenarios and other analysis tools to assist in risk management activities management and to prepare recurring and special purpose reports.
+ Supports the Credit function. Plans and manages projects to implement solutions for business process change and business process improvement.
+ Develop and implement appropriate strategies to analyze price, commodity, and basis risk. Assists in coordinating and provides financial risk knowledge, advice and direction to other groups as needed. Maintains relationships with external counterparties.
+ Assists in directing the development and implementation of electronic resources to support analysis of risks for power supply, gas supply, transmission, treasury, credit and resource accounting. Coordinates enhancements and maintains the electronic data capture of wholesale operations and transactions (i.e. risk management and other business systems); provides oversight for daily updates of forward price curves and market volatility.
+ Develop and implement appropriate strategies to analyze price, commodity, and basis risk. Assists in coordinating and provides financial risk knowledge, advice and direction to other groups as needed. Maintains relationships with external counterparties.
Requirements
+ BA or BS in Accounting, Finance, Mathematics, or Economics.
+ Working knowledge of the fundamental theories, principles and terminology of quantitative analysis, commodity trading, electronic systems, accounting, financial analysis, statistical methods, and utility operations.
+ A background in statistical analysis, market risk and financial risk analysis, electronic systems development, correlation and regression analysis, commodity option sensitivity analysis and concepts such as Value at Risk (VaR) preferred.
+ Ability to work independently under general supervision.
+ Excellent verbal and written communications skills.
Analyst I:
+ Minimum of 1-2 years of related experience required.
Analyst II:
+ Minimum of 3-4 years of related experience required.
Other combinations of education and experience may be considered.
Hybrid work options are available for this role. The successful candidate will be required to work at our Spokane, Washington headquarters at least 3 days per week including Mondays and Tuesdays with an additional day determined by the employee and manager.
To Apply We encourage you to apply as many of our positions have step progressions to account for an incoming employee’s various levels of knowledge, skills, and experience.
Complete an online application and attach your resume and cover letter to your profile. All documents must be attached to your application at the time of submitting your application for review. No documents can be attached after you click "Submit".
BenefitsAt Avista, we believe our employees are essential. Through them we deliver value to our customers and the communities we serve. The physical, mental, and financial health and well-being of our employees and their families are important to us. We are committed to offering a comprehensive total rewards program comprised of an externally competitive, internally equitable compensation structure and a benefits package that allows us to retain and attract a diverse, engaged, and skilled workforce. Our benefits package includes medical, dental, vision, life, and disability coverage, retirement benefits, incentive plans, wellness resources, time-off programs and much more. In addition to our total rewards program, the Pacific Northwest offers abundant outdoor recreation, four distinct seasons, and all the amenities and activities an individual or family might be interested in. To learn more, please visit our benefits website at https://avistabenefits.com/.
Pre-employment screening requirementsEmployment is contingent upon the successful completion of a drug test, background check and motor vehicle records review.
Avista’s Commitment to Equal Opportunity and Affirmative Action Avista is a safe, inclusive workplace for people of all backgrounds, and we are committed to Equal Opportunity Employment, Affirmative Action efforts, and Equity, Inclusion and Diversity. We strongly encourage applications from women, people of color, people with disabilities, protected veterans, and all others. All qualified applicants will be considered regardless of race, color, religion, national origin, sex, gender identity, sexual orientation, marital status, age, sensory, mental or physical disability (unless based upon a bona fide occupational qualification), Veteran status or any other classification protected by nondiscrimination laws.
Equity and diversity in our workplace is important to us. Please view Equal Employment Opportunity Posters provided by OFCCP here (https://www.dol.gov/agencies/ofccp/posters) . Prior to the next step in the recruiting process, we welcome you to inform us confidentially if you require any special accommodations to participate fully in our recruitment process. Avista will make reasonable accommodation to assist a qualified person with a disability in the job application, interview process, and to perform the essential functions of the job whenever possible, where undue hardship would not be created for Avista. Please contact us at humanresources@avistacorp.com if you would like assistance.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor 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 contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
Closes: November 3, 2024Starting Range: $62,895 to $106,174Full Range: $62,895 to $118,425
Job DescriptionResponsible for the identification and reporting of risks associated with Energy Supply strategies to manage resources and transactions that result in increased market presence and value. Assists in maintaining risk management systems and data. Prepares and analyzes daily risk management reports, works closely with energy traders and marketers to incorporate short-term market risks into risk management strategy. Works with management on reviewing and analyzing the portfolio strategy and associated risks. Identifies industry, market, regulatory, and other changes requiring business process and system changes in support of risk management, credit and related business operations. Proposes and advocates for adoption of solutions.
Responsibilities
+ Completes daily physical and financial position reports for marketers and management. Ensures proper valuation and reporting of all products in the risk management system.
+ Utilizes appropriate strategies to analyze price, commodity, and basis risk. Coordinates and provides financial risk knowledge, advice to other groups as needed. Maintains relationships with external counterparties.
+ Provides support to other risk management system users. Perform daily review and investigative processes to ensure accuracy, integrity and validity of system data and inputs.
+ Follows movement in forward market prices, price volatility, and liquidity. Monitors and reports physical commodity positions and financial exposure relative to company authorized limits.
+ Provides support for daily credit functions, such as margin calls and other credit and wholesale contract functions.
+ Provides information on contract terms and conditions, exposure by counter-party, and related information. Coordinates authorizations for trades with counter-parties and monitors credit limits.
+ Develop and utilize spreadsheets, scenarios and other analysis tools to assist in risk management activities management and to prepare recurring and special purpose reports.
+ Supports the Credit function. Plans and manages projects to implement solutions for business process change and business process improvement.
+ Develop and implement appropriate strategies to analyze price, commodity, and basis risk. Assists in coordinating and provides financial risk knowledge, advice and direction to other groups as needed. Maintains relationships with external counterparties.
+ Assists in directing the development and implementation of electronic resources to support analysis of risks for power supply, gas supply, transmission, treasury, credit and resource accounting. Coordinates enhancements and maintains the electronic data capture of wholesale operations and transactions (i.e. risk management and other business systems); provides oversight for daily updates of forward price curves and market volatility.
+ Develop and implement appropriate strategies to analyze price, commodity, and basis risk. Assists in coordinating and provides financial risk knowledge, advice and direction to other groups as needed. Maintains relationships with external counterparties.
Requirements
+ BA or BS in Accounting, Finance, Mathematics, or Economics.
+ Working knowledge of the fundamental theories, principles and terminology of quantitative analysis, commodity trading, electronic systems, accounting, financial analysis, statistical methods, and utility operations.
+ A background in statistical analysis, market risk and financial risk analysis, electronic systems development, correlation and regression analysis, commodity option sensitivity analysis and concepts such as Value at Risk (VaR) preferred.
+ Ability to work independently under general supervision.
+ Excellent verbal and written communications skills.
Analyst I:
+ Minimum of 1-2 years of related experience required.
Analyst II:
+ Minimum of 3-4 years of related experience required.
Other combinations of education and experience may be considered.
Hybrid work options are available for this role. The successful candidate will be required to work at our Spokane, Washington headquarters at least 3 days per week including Mondays and Tuesdays with an additional day determined by the employee and manager.
To Apply We encourage you to apply as many of our positions have step progressions to account for an incoming employee’s various levels of knowledge, skills, and experience.
Complete an online application and attach your resume and cover letter to your profile. All documents must be attached to your application at the time of submitting your application for review. No documents can be attached after you click "Submit".
BenefitsAt Avista, we believe our employees are essential. Through them we deliver value to our customers and the communities we serve. The physical, mental, and financial health and well-being of our employees and their families are important to us. We are committed to offering a comprehensive total rewards program comprised of an externally competitive, internally equitable compensation structure and a benefits package that allows us to retain and attract a diverse, engaged, and skilled workforce. Our benefits package includes medical, dental, vision, life, and disability coverage, retirement benefits, incentive plans, wellness resources, time-off programs and much more. In addition to our total rewards program, the Pacific Northwest offers abundant outdoor recreation, four distinct seasons, and all the amenities and activities an individual or family might be interested in. To learn more, please visit our benefits website at https://avistabenefits.com/.
Pre-employment screening requirementsEmployment is contingent upon the successful completion of a drug test, background check and motor vehicle records review.
Avista’s Commitment to Equal Opportunity and Affirmative Action Avista is a safe, inclusive workplace for people of all backgrounds, and we are committed to Equal Opportunity Employment, Affirmative Action efforts, and Equity, Inclusion and Diversity. We strongly encourage applications from women, people of color, people with disabilities, protected veterans, and all others. All qualified applicants will be considered regardless of race, color, religion, national origin, sex, gender identity, sexual orientation, marital status, age, sensory, mental or physical disability (unless based upon a bona fide occupational qualification), Veteran status or any other classification protected by nondiscrimination laws.
Equity and diversity in our workplace is important to us. Please view Equal Employment Opportunity Posters provided by OFCCP here (https://www.dol.gov/agencies/ofccp/posters) . Prior to the next step in the recruiting process, we welcome you to inform us confidentially if you require any special accommodations to participate fully in our recruitment process. Avista will make reasonable accommodation to assist a qualified person with a disability in the job application, interview process, and to perform the essential functions of the job whenever possible, where undue hardship would not be created for Avista. Please contact us at humanresources@avistacorp.com if you would like assistance.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor 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 contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
Source : Avista Utilities
