Manager - Market Credit Analysis

Job Overview

This role oversees ERCOT’s Market Credit Department, leading its strategy, processes, and operations.

• Lead development and enhancement of ERCOT credit methodology, processes, and capabilities.
• Assess market participant creditworthiness and maintain appropriate risk mitigation measures, including collateral, liens, etc.
• Handle inquiries from Market Participants and manage daily collateral transactions.
• Ensure vendors meet financial requirements and internal controls over credit processes are maintained.
• Provide coaching, training, and performance management of staff; hire and lead department personnel.
• Collaborate with internal and external stakeholders to communicate issues and improve processes.
• Conduct credit risk assessments, review financial positions, and establish collateral requirements.
• Monitor market participants’ calculated exposure daily and provide credit risk reports to management.
• Maintain and enforce collateral documentation; pursue collections of unpaid accounts.
• Coordinate credit system enhancements, testing, and implementation of credit policies.
• Maintain communication with stakeholders (Senior Management, Settlements, Legal, Treasury, PUCT, etc.) concerning credit matters.
• Coordinate Credit Work Group meetings and activities.
• Implement process improvements and explore automation opportunities.
• Ensure timely and effective credit reporting.

• Minimum 8 years of progressively responsible credit management, financial, settlements, or market operations experience.
• Minimum 2 years in a leadership role over and above degree requirements.
• Experience in the electric utility, energy, or ISO/RTO industries.
• Mathematical, financial, and accounting competency sufficient to understand financial statements and credit assessment concepts.

• Master’s Degree in Business Administration, Finance, Accounting, or related field.
• Bachelor’s Degree in Business Administration, Finance, Accounting, or related field (required if not already achieved).

The position is based in Taylor, TX, with a requirement to be on‑site a minimum of two days per week. Remote work is possible from a Texas residence; employees may choose additional on‑site work as needed.

Expected Salary Range: $138,000 - $190,000.

• Health, dental, vision, life insurance, long/short‑term disability insurance.
• Long‑term care insurance, Section
  125 Flexible Spending Account, retirement savings plan.
• 401(k) plans available.

ERCOT is firmly committed to equal employment for all qualified persons without regard to race, sex, medical condition, religion, age, creed, national origin, citizenship status, marital status, sexual orientation, physical or mental disability, ancestry, veteran status, genetic information, or any other protected category under federal, state or local law.