Diamond Generating Corporation (“DGC”) is a worldwide leader in safe, clean electricity generation and energy services. We are a wholly owned subsidiary of Mitsubishi Corporation (“MC”), one of the world's most diverse enterprises, with over 700 subsidiaries and affiliates worldwide. DGC started as a traditional IPP business, but as the electricity markets evolved, we have expanded into new areas including distributed generation with solar pioneer Nex& energy trading and management-joining forces with Boston Energy Trading and Marketing; and offshore wind with Diamond Offshore Wind. Job Summary: The successful candidate will possess a broad technical and analytical background. This is a critical role which requires strong independent work abilities but also strong collaborative capabilities across departments, including Commercial (Asset Management), Development, Finance, and Accounting, and subsidiaries to adequately identify, quantify, mitigate, and report risk. Reports to: Executive Vice President, Risk & Finance Responsibilities: Under the direction of the EVP - Risk & Finance, this person will manage and support the Company's risk management functions, primarily in the areas of credit, market, business, and development risks. Specific responsibilities include the following:
- Credit Risk – Assess and monitor creditworthiness of counterparties; negotiate credit terms in various trading and service agreements (e.g., EEI, EMA, ISDA, etc.); and generate credit reviews and reports and distribute to management.
- Market Risk – Evaluate market risks by developing / using quantification models for operating assets or financial & energy products. Work with various teams to reduce market risks through hedging (e.g., forwards, futures, options, PPAs, etc.). Understand the energy commodity markets, including electricity, capacity, and ancillary services in North America (e.g., CAISO, ERCOT, PJM, etc.).
- Collateral Management - Manage the application, amendment, and expiration of In-Bound/Out-Bound credit support (i.e., Parent Guarantees, LCs, surety bonds, liens, cash, etc.). Support collateral needs of various departments and subsidiaries and report on outstanding collaterals. Manage LC facilities
- Business & Development – Assist the Risk Management Committee on administrative items and work with the development team on insurance and other development risks.
- Insurance – Work with brokers and internal stakeholders to obtain necessary insurance products for the Company and its operating assets.
- Ad Hoc Analysis – Work closely with commercial, finance and accounting groups, to interpret and analyze value, explain risk metrics, and provide risk analysis around the energy portfolio positions. Willing to provide ad hoc analysis and support to areas outside of risk management.
Preferred skills, experience and background:- Bachelor's degree in business Field (e.g., Finance, Economics, Accounting) or Quantitative Field (e.g., Math, Statistics)
- 3 – 5 years of experience with risk management, trading, insurance, finance and/or FP&A functions
- Previous work experience in the energy sector or strong willingness to learn • Extremely comfortable in Excel, PPT, and Microsoft Office products
- Professional designation (e.g., FRM, CFA, CPA)
- Excellent written and verbal communication skills, as well as strong analytical, problem solving, organizational and time management skills
- Self-starter and proactive in making continuous improvements
Pay Range: $136,000 - $150,000 Base + 20% Bonus (May vary depending on knowledge, skills and experience)#J-18808-Ljbffr