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Risk Management Analyst (Contracts)

Location: Rapid City, SD, United States
Job ID: 34102
Date Posted: Apr 15, 2022
Salary: $65700 to $98500 annually

Job Description

Job Specifications

As the Risk Management Analyst, you will prepare, implement, and provide detailed administration of all types of agreements and contracts for the Natural Gas businesses, including pipeline service agreements, gas sales and purchase agreements (NAESB’s), and financial (derivative) purchase agreements (ISDA’s).  This position will help provide support to the Risk Management areas by collaborating with staff to understand trading strategies and to provide risk and compliance guidance.

SALARY RANGE/GRADE:   $65,700 - $98,500 / Grade 13 (Determined by the knowledge, skills and abilities of the applicant.)

REPORTING RELATIONSHIP:   Senior Manager, Commodity Risk Management

LOCATION: Our Company Headquarters in Rapid City, South Dakota.

  • Relocation financial assistance is available, amount may vary based on individual circumstances. 

ESSENTIAL JOB FUNCTIONS:

  • Provide detailed administration of NAESB/ISDA and pipeline service agreements through to execution, term management and renewal initiation.
  • Participate in capacity release support by the monitoring and entry of contract entitlement.
  • Coordinate with Natural Gas Trading (regulated and non-regulated) management teams to ensure timely and accurate entry of negotiated or discounted rates based on industry requirements. 
  • Coordinate with Gas Supply and Transportation Services team and FERC regulatory manager to ensure timely and accurate pipeline rate entry into Endur gas management system for numerous rate/fuel schedules on each of the pipelines Company contracts for services.
  • Track terms and provisions of contracts to ensure full compliance, including coordinating with the management team to meet all target dates associated with contract renewals and renegotiations.
  • Identify and track contract obligations; initiate appropriate and timely action to ensure continuity of services, especially in relation to pipeline services agreements.
  • Maintain trading platform (Endur) and FileNet with contract and counterparty information.
  • Prepare and submit regulatory compliance data requests as required.

ADDITIONAL RESPONSIBILITIES: 

  • Ensure the accuracy of physical and financial transaction details through comparison of counterparty and internal transaction confirmations
  • Provide monthly invoice reconciliation assistance for pipeline and transportation contract settlements for the Endur natural gas trading lifecycle software solution.
  • Serve as back-up to other Risk Management personnel on electric and natural gas systems 

QUALIFICATIONS: 

  • Minimum of (3) three years of experience in the natural gas industry and/or experience in one or more functions relevant to this position, contracts/transportation contracts, commercial development, tariffs and regulations, or risk management required.
  • Bachelor’s Degree in relevant field of work such as Business, Finance, Accounting, Mathematics or any other field of study or equivalent combination of education and experience required. 

KNOWLEDGE/SKILLS/ABILITIES: 

  • Ability to analyze complex contracts 
  • Ability to prioritize multiple tasks and handle assignments from multiple sources
  • Ability to work with a team, in both an open office environment and potentially remotely using technology
  • Strong written and verbal communication skills
  • Identify audit issues for internal contract audits.
  • Participates in special projects and completes ad-hoc reporting as directed.
  • Partners effectively with various departments, and performs other projects as needed.

MENTAL/PHYSICAL DESCRIPTIONS AND WORKING CONDITIONS:

The mental and physical descriptions are representative of the activities an employee in an office job performs. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Mental description: Understand, remember, apply oral and/or written instructions or other information, and communicate routine factual information. Apply common sense in performing job functions, usually within a set of rules or guidelines.

While performing the duties of this job, the employee continuously accesses, inputs, and retrieves electronic information and communicates regarding the information.  Employee frequently moves about the office space. Employee must be able to operate routine office equipment including computers and similar equipment. Must be able to routinely perform this work for an average of 6-8 hours per day and occasional extended hours as necessary. Must be capable of regular, reliable, and timely attendance.

Specific lifting abilities required by this job include: Sedentary work. Exerting up to 10 pounds of force occasionally and/or negligible amount of force frequently or continuously to lift, carry, push, pull or sitting most of the time. Jobs are sedentary if moving about is only occasionally and all other sedentary criteria are met.

Work environment: Routinely perform work indoors in climate-controlled shared work area with moderate noise level. Willing to travel occasionally (less than 10 days per year) by automobile (as driver and passenger), commercial airlines, rental vehicles and public transportation and be able to lodge in public facilities. Must have proper licensing to operate a motor vehicle.

This description is not intended to be an all-inclusive list of responsibilities, duties, and requirements for employees in this position. Job descriptions may and do change periodically. Where positions are covered by a collective bargaining unit agreement, the terms and conditions of the agreement will apply.


About our Company: We are a customer, growth and safety focused utility company that is dedicated to our communities. We improve life with energy as an energy partner of choice. Our diverse culture fuels unique perspectives, opening doors to new insights and possibilities. Based in Rapid City, South Dakota, we have over 3000 employees and serve 1.3 million natural gas and electric utility customers across eight states (South Dakota, Montana, Wyoming, Colorado, Nebraska, Iowa, Kansas, and Arkansas).

Enjoy our Comprehensive Benefits Package!  Annual incentive program, 401(k) (6% company match and up to 9% company retirement contribution), tuition reimbursement, paid time off, additional Veteran PTO, paid holidays and annual floating holidays, company paid short term and long term disability, paid maternity and paternity benefits, health and wellness program, and competitive medical, dental and vision insurance.

Candidates must successfully pass a pre-employment drug screen and background check. 

Black Hills Energy does not sponsor applicants for work visas. All applicants must be legally authorized to work in the US.

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, or status as a protected veteran.

Wage: 65700 to 98500
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Risk Management Analyst (Contracts)

Rapid City, SD, United States