Do you have experience as a financial analyst dealing with margins and collateral management processes? If so we have an excellent opportunity at an industry-leading client (Energy, Utilities, etc.) as a Margin Analyst.
You must be able to commute to Holyoke MA as least 2-3 days per week for this HYBRID position.
This contract position is slated for 3+ months with likely extension, with potential a similar or related permanent role.
Salary: $45.00 to $57.00 per hour based on experience (40 hour HYBRID work week)
Primary Responsibilities
- Administer the collateral management process related to Letters of Credit, cash deposits with the Mutual Funds and Surety Bonds
- Administer the procedures pertaining to the intra-day margining processes related to physical and financial positions
- Evaluate the daily collateral requirements regarding market auction bids and offers
- Administration of market participant financial reporting and risk management documentation posting requirements including quarterly and yearly financial statements
- Ensure risk management system is updated with market participants latest external and internal credit ratings
- Quarterly update of all assigned margining operations business processes and procedures
- Support building and maintenance of tools and system solutions related to market participant collateral posting requirements
- Work independently to resolve customer questions/issues
Requirements
- 2-3 years’ related experience (margin analysis, collateral management, etc.)
- Understanding of energy markets is a strong plus
- Knowledge of collateral management instruments such as letters of credit and other security arrangements (surety bonds / mutual funds)
- Bachelor’s degree in Finance, Business or a Technical Degree
- Multi-task effectively on complex margining operations processes
- Consistently meet intra-daycollateral management deadlinesin a fast-paced environment
- Strong process management skills
- Works well independently and with a team
- Strong communication skills