Job Description

A little about Capital Power

Capital Power (TSX: CPX) is dedicated to Powering Change by Changing Power . This north star guides our ambitions, focus, and actions as we transform our energy system to power a lower-carbon future. We're a growth-oriented North American energy company headquartered in Edmonton, Alberta. Our team safely delivers, builds, and creates balanced energy solutions for customers across North America.


Our people are at the core of our journey to deliver reliable, affordable, and lower-carbon power solutions. We provide purpose-driven work in a safe and inclusive environment, and we live by our North Star . With us, your contributions matter - we want you to be empowered to innovate, collaborate, and ultimately drive results. We're here to partner with you so you can learn, grow, and forge a career that's meaningful to you. Join us in powering North America!

Your Opportunity

One Permanent Full Time Position.


Capital Power is looking for an individual who is organized, detail orientated to join our Credit Risk team in Calgary!


As the Credit Risk Specialist, you will play a key role in exposure reporting, financial analysis, and margin management, while collaborating with internal stakeholders across Capital Power.

You will contribute to our team by:

Receiving and issuing margin calls promptly by utilizing internal calculators and maintaining relationships with external counterparts Managing bank relationships to issue and amend letters of credit in a timely manner, including liaising directly with banks and counterparties on behalf of the Credit department. Providing timely and accurate reporting to produce Policy-required daily, monthly, and quarterly Credit reports, and provides support as required to Accounting, Corporate Finance, and others to meet other internal and external reporting requirements. Analyzing and assessing the financial condition and creditworthiness of applicable new counterparties and performing ongoing reviews of a portfolio of moderate complexity as required by the Credit Policy and work practices. Preparing and issuing guarantee and collateral documents, with guidance from our Legal group. Ensuring accurate capture and storage across all systems and physical locations. Including collateral, credit approvals, and limits. Enhancing processes and procedures to increase accuracy and reduce time spent on operational tasks. Negotiating credit terms for short term standardized agreements Providing detailed analysis, recommendations, and authorizations (where applicable) for counterparty credit ratings and credit limits. Providing input into Policy, Process, and technology decisions impacting Credit Risk to ensure accurate reporting. Implementing or recommending new business processes or goals where applicable. Filling information requests from management in a complete, accurate and timely manner. Working with others to resolve issues within responsibilities and duties with guidance from manager(s) escalating complex issues as determined. Providing input into areas regarding new and improved approaches to reporting, reconciling and migration to electronic document reporting and storing. Incorporating new objectives and goals for Credit Risk into work responsibilities and duties. Providing ongoing maintenance and support to ensure the accuracy and completeness of Capital Power's security records (LCs, PGs, cash, etc.). Providing ongoing credit analysis and where applicable, recommending and implements pro-active exposure mitigation strategies. Executing Credit Risk work that has a limited risk on Business Development/Commercial projects. Mitigating risk through system and process controls, cross checks, and reviews. Ensuring risk management through peer reviews within Credit Risk. Developing and maintaining cross-functional relationships across the company, especially financial services. Working closely with Credit Team, for cross training and to ensure coverage of duties during absences. Engaging and maintaining working rapport with external auditors. Demonstrating professional work by being a business partner for various business areas.

What you will bring to the role:

Education:

Undergraduate degree in finance, accounting major or related field. Educational equivalency may be considered.

Experience:

Minimum of 1-3 years of experience directly related to credit risk. Experience in the energy sector is an asset.

Technical Skills:

Prior experience in Allegro ETRM would be an asset. Demonstrate competencies in achieving deadlines, attention to detail and working independently. Prior experience and knowledge of various security instruments such as parental guarantees, letters of credit, surety bonds and cash deposits/prepays. Ability to excel in a fast-paced, customer-oriented, dynamic environment and deal with multiple and often changing priorities. Working knowledge of assessing counterparties' financial health via various means a definite asset (review of financial statements and notes, understanding external ratings, review of internal receivables data). Demonstrate a track record illustrating you are a team player and can interact in a professional manner across all levels within an organization. Possess strong written communication skills and working knowledge of Word and Excel.

Working Conditions:

Hybrid Office/Work from home position, with possible very minimal travel to meet business users at Capital Power facilities or other offices.

Additional Details:

This position will remain open until a suitable candidate is found.


Clearance of Credit check is required for this position.


In order to be considered for this role you must be legally eligible to work in Canada.


The successful candidate for this position will undergo an education verification, reference checks and criminal record check.



Capital Power employees that refer a successful candidate for this position are eligible for a

$1000

Referral Reward!


We believe that creating a culture that supports employee physical, mental, financial, and social wellbeing is critical to our success. That is why we provide flexible and affordable employee benefits, retirement savings, and paid time off programs. We also provide comprehensive onboarding, training, and programs supporting your career development.


Depending on the posting requirements relocation assistance may be available.

How To Apply and Next Steps

Capital Power only accepts resumes via online application at www.capitalpower.com/careers . If you choose to submit your resume by any other means, we cannot guarantee that your application will be considered for vacancies.




Applicants with disabilities who require a reasonable accommodation to complete their application can request accessible formats, communication support, or other accessibility assistance by contacting


careers@capitalpower.com .




Capital Power is committed to providing a fair and transparent hiring process. We recognize and embrace the value of diversity and hire employees with the appropriate skills, experience and knowledge for each position.




Thank you for taking the time to apply and expressing interest in powering a sustainable future with Capital Power! We wish that we could personally respond to everyone who applies; however, it is our practice to contact only those individuals selected for interviews.