Senior Corporate Financial Analyst

Senior Corporate Financial Analyst

*Please note that a Hybrid Telework Schedule will be considered for this position. Hybrid is defined as a pre-determined blend of working from home and in the office. Two (2) days in the office (at multiple locations) and three (3) days at home per week will be offered after the standard probationary period.

Colorado Springs Utilities is seeking a Senior Analyst to join our Planning and Finance Division (PFD). This position will be responsible for providing Middle Office support for Colorado Springs Utilities’ energy trading operations. While this position resides within the Financial Planning & Risk Department, you will be working closely with our Fuels and Purchase Power Department (FPP), providing risk support for an ever-expanding and evolving mix of power, natural gas, coal, diesel, propane, and environmental products market participation. As part of the PFD team, you’ll play an integral role in Colorado Springs Utilities’ mission to deliver safe, reliable energy services while minimizing costs to our citizen owners.

Key Areas of Focus:

• Provide Middle Office/risk support for energy commodity trading, working closely with Front Office/trading and Back Office/settlements
• Administer, monitor, and report internal compliance with Springs Utilities’ Energy Risk Management Plan (RMP) while ensuring Colorado Springs Utilities operates in compliance with Southwest Power Pool’s tariff and protocols related to market operations
• Work with Springs Utilities leadership to understand and interpret appropriate and prudent risk appetite of energy commodity market participation
• Provide an independent review of potential new trading instruments and complex trading strategies to ensure the risk profile falls within the acceptable risk appetite of Springs Utilities, interpreting and communicating findings with Springs Utilities leadership and personnel
• Work with FPP staff to onboard new energy commodity counterparties, including establishing appropriate credit limits as per the Energy RMP and setting up contracts in Springs Utilities Energy and Trading Risk Management (ETRM) systems
• Analyze, monitor, and report the creditworthiness of existing energy counterparties. Maintain an up-to-date list of counterparties and credit status.
• Perform confirmation of bilateral market transactions
• Manage and validate market settlement prices, forward market price curves, volatility matrices, and correlation coefficients used in the settlement and valuation of energy commodity transactions
• Perform mark-to-market (MtM) valuation of energy commodity forward transactions, monitor valuation about set risk limits, and report valuation to relevant stakeholders
• Perform Value-at-Risk (VaR) of energy commodity positions and portfolios, monitor VaR with set risk limits, and report VaR to relevant stakeholders
• Perform credit valuation for energy commodity counterparties, monitor concerning credit limits, and report credit to relevant stakeholders
• Develop, maintain, and update proprietary models used within energy commodity trading, as well as ensure the reasonableness of ETRM valuation and VaR calculation parameters
• As needed, develop, maintain, and disseminate reports and dashboards related to market and position exposures and other relevant energy market information

Who You Are... A team player, who thrives on variety in your work and is passionate about your field. The most successful candidate offers a Bachelor’s degree in Accounting, Finance, Business, or a closely related field with significant and demonstrated experience in an analytical and financial environment. Additionally, the ideal candidate will have a direct middle office/risk experience related to energy commodity markets. Experience with Regional Transmission Organizations (RTOs) and/or Independent System Operators (ISOs) is desired. Demonstrated and documented competency in the noted key responsibilities should be reflected in your resume. Strong quantitative data collection, research, forecasting, and analytical skills would make you an ideal match for this role.

The military job codes/duty codes most closely related to this role are:  36B, 65F1, 65F2, 65F3, 65F4, 65FX, 6410, 6413, 6415, 6417, 3401, 3404, 3408, 9680

What does this opportunity offer?  If you have solid financial capabilities and analytical skills in the areas we are seeking, are proactive and self-starting, and enjoy working in a team environment, we want to hear from you! Join a team of analysts who share your enthusiasm and passion for this field. Within this position at Colorado Springs Utilities, we will continually stretch your capabilities by exposing you to the advanced functions within the Financial Planning & Risk Department as you progress