IGS Energy · 3 days ago
Risk Analyst
Ohio Remote
Full-time
Remote
Mid Level
$65K/yr - $104K/yr
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Responsibilities
Ensures that the company’s market risks are identified, measured, and monitored.
Creates timely daily reports of MTM P&L and positions as well as the analysis and explanation of changes between periods for gas and power.
Monitors conformance with the Risk Management Policies and Procedures and assists in an annual review to ensure the Policies are up to date and accurate.
Monitors daily broker balances and promptly responds to any margin calls. As needed, responds promptly to margin calls from other Supply counterparties.
Recalls cash collateral from brokers and counterparties when possible or requested by the Director, Finance or Treasury team.
Participates in the development of procedures and guidelines to ensure the quality and integrity of IGS Energy positions, risk measurements and model valuations.
Substantiates the accuracy of valuations and risk measurement calculations.
Validates details of all transaction confirmations received on a daily basis vs the details input into ETRM (Energy Trading Risk Management) application and other systems across the company by the Supply group. Works with Supply, IT, and/or counterparty to resolve any discrepancies.
Participates in special projects within the team; particularly in terms of improving risk management reporting, process improvements and new initiatives as technology and organizational needs evolve.
Monitors the contract approval process and ensures each document is reviewed and approved by all of the appropriate parties. Ensures that all documents are fully executed and stored appropriately. Acts as the intermediary between the Company and counterparties during contract negotiations and the document execution process.
Supports the Supply team by updating and maintaining the Company’s ETRM application and other internal systems, working with new counterparties and brokers to open up more trading options, communicating updates, or dispute resolutions to and from counterparties, etc.
Implements industry best practices.
Provides ad hoc reporting and analyses as required.
Performs other duties as assigned.
Qualification
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Required
Strong quantitative and analytical skills
Proficient in Excel/Word/Outlook/ required.
Operates with an awareness of industry standards and procedures
Ability to effectively work on multiple tasks with the appropriate sense of urgency
Good communication skills in order to interact openly and directly with business partners and team members
Strong organization skills in order to balance tasks for multiple business partners
Bachelor’s degree in accounting or finance.
Preferred
Non-regulated Energy Industry experience a plus
Benefits
Comprehensive coverage including medical (plus free telehealth), dental, vision, and employer health savings account contributions.
Robust support through Headspace and free mental healthcare visits for you and your dependents.
Extensive assistance with Maven, paid family and caregiver leave, and fertility, adoption, and surrogacy services.
Strong financial foundation with a 401(k) plan, company match, and access to financial wellbeing tools.
Paid time off, tuition reimbursement, paid leaves, employee hardship fund, and a wide range of additional perks.
Company
IGS Energy
An engaged society seeking positive change in the way we manage and consume energy resources.
Founded in 1990
1,001-5,000 employees
Funding
Current Stage
Late StageLeadership Team
Scott White
President & CEO
Recent News
Canton Repository
2024-05-21
2024-04-26
Perry Hall Patch
2023-12-26
Company data provided by crunchbase
