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Sr. Manager, Credit

PJM Interconnection

Location: Audubon, Pennsylvania US
Position Type: Full Time
Rqd Education: Bachelor's Degree
Rqd Experience: General Management
Date Posted: July 26, 2022
Reference Code:



Essential Functions:

  • Manage the staff of the credit group at PJM, including supporting the day-to-day activities and longer-term projects, to ensure that both PJM and its members remain in compliance with the Tariff at all times.

  • Recommend addition of staff as needed. Evaluate applicants and recommend individuals based on ability to satisfy current and future potential needs of PJM.

  • Evaluate and rate performance of the credit group staff for PJM’s appraisal process.

  • Manage the development of credit staff in order to provide personal staff development, to ensure backup capabilities as needed, and to facilitate both succession within the staff and eventual succession to the Credit Manager position.

  • Recognize staff competencies and preferences, and utilize staff most effectively in order to accomplish the department goals.

  • Maintain a positive work atmosphere throughout the credit group.

  • Create and maintain a working credit system that will calculate member credit, track member activity and highlight when collateral calls are required of members.

  • Recommend modifications to credit policy and procedures as needed to address new markets, changes in existing markets, and changes in member activity, in order to minimize the risk to PJM’s membership

  • Effectively manage the stakeholder process to guide changes through to approval. This process includes both running the credit meetings as well as participating in other committee meetings.

  • Prepare supporting materials for FERC filings and contribute to FERC filings as needed, including writing and editing of transmittal letters and supporting documents.

  • Write revisions to the Tariff to represent proposed policy changes.

  • Calculate member assessments in event of member default.

  • Represent PJM’s credit function to outside entities by speaking at, or otherwise participating in, conferences and meetings, both commercial and regulatory

  • Guide the process of working with PJM’s IT group to implement system changes as needed.

  • Conduct ad hoc analyses pertaining to credit.

  • Determine adequacy of credit policies and procedures

  • Evaluate and continue to monitor member companies and providers of credit support (guarantors and letter of credit providers) to determine creditworthiness.

  • Forecast and monitor the potential impact of changes to credit policy.

  • Manage various third-party (members, developers and vendors) relationships.

  • Keep abreast of technological advancements relative to credit management, and make recommendations via cost/benefit analysis when appropriate.

  • Demonstrate a strong background in credit and provide guidance in the “best practices” related to credit policies and procedures.

  • On an ad hoc basis, facilitate and present credit status to Board of Managers and Membership.

  • Liaise among internal departments, including Legal, Membership and Compliance to maintain transparency when communicating with market participants.

 

Characteristics & Qualifications:

Required

  • BS degree in Business Administration, Finance or equivalent work experience

  • At least 5 years of work experience

  • -2+ years of leadership experience in a managerial/supervisory role.

  • Strong knowledge of Microsoft Office Programs (i.e.  Excel, Word and PowerPoint) and comfort with learning and implementing new systems

  • Proven analytical skills with forward thinking end-to-end process mindset


Preferred:

  • MBA, Business Administration

  • 5-10 years of leadership experience in a managerial/supervisory role.

  • Ability and desire to build relationships and interact with a wide range of stakeholders and staff to maintain and enhance PJM’s customer service reputation

  • Experience with PJM operations, markets, and planning functions

  • Experience with SAP

About this Employer‍

PJM employees work collaboratively to maintain the reliability of North America’s largest centrally dispatched electric grid and to operate one of the world’s largest competitive wholesale electricity markets.

We seek talented candidates who thrive in a diverse, challenging and creative environment where they have opportunities to grow, learn new skills and build a career.

Learn more about PJM by visiting the Learning Center.