Trading Credit Analyst

at  SmartestEnergy

EXPERIENCE REQUIRED

• Experience as a Credit Risk Analyst analysing company accounts and negotiating credit clauses on trading agreements.
• Experience in the Power/Gas/Commodities and/or Renewable industry background required.
• Motivated candidate with a very good eye for details. Excellent analytical, numerical, problem-solving and teamworking skills are also essential.

GET TO KNOW US BETTER

• The future of energy is digitised, decarbonised and localised. At Smartest Energy, we need revolutionary thinkers to help our customers make the most of this new landscape, thinking differently to find smart solutions to complex problems.
• Formed in 2001, we’re an agile business driven by entrepreneurial thinking. As a subsidiary of the Marubeni Corporation, we also have strong investment and infrastructure behind us. We have three offices in the UK, one in the US and another in Australia. Further expansion is planned for 2024 and beyond which means global career opportunities for you, with plenty of potential to explore new markets.
• When you join our Team, you will have the opportunity to contribute and make an impact every single day.

THE ROLE

• Perform quantitative and qualitative credit assessment of the counterparty.
• support the legal/origination team with credit clauses and negotiation of trading contracts
• Monitor and support the control of credit risk and funds optimization through daily reporting/margining
• Support managing the credit and relationship with counterparties, exchanges, brokers and energy wide support organizations.

HOW WILL I SPEND MY TIME IN THIS ROLE?

• Analyse financial statements and preparing credit reviews for a broad range of UK generators, EU/Global gas/power/renewable certificates trading counterparties and, in general, energy sector counterparties.
• Assist Legal and/or Originator team in arranging credit clauses/sections of agreements according to credit limits / policies. Review GTMA, NBP, EFET Gas/Power, EFET MNA, Emission/Renewable Certificates, PPA etc. credit related clauses.
• Monitor exposures on a daily basis and proactively control exposure to avoid limit breach.
• Maintain required approval limits and make new applications in accordance. with internal thresholds and rules. Proactively contacting counterparty with delinquent and/or at-risk exposures to assure repayment liaising with senior staff and/or debt management. Assists in the handling of bankruptcies/Legal procedure and contract terminations.
• Back-up to prepare / process margin calls in a timely and accurate manner.
• Calculate interest on cash and administer the portfolio of Letter of credits.
• Report credit meeting minutes and produce monthly/weekly report on stress scenario, collection, limit breaches and various cash/treasury reporting requirements.
• Establish and maintain relationships with external/internal team, stakeholders and counterparties.