Credit Analyst

LocationCalgary, AB
Job TypeFull-time

About This Job

Current ENMAX employees are encouraged to apply through their internal Workday access.


Posted: May 8, 2025


Closing Date: May 19, 2025


Position Type: Permanent


Union: CUPE

ENMAX Values – Safety, Integrity, Accountability, Service, Teamwork, Agility, Innovation

The Credit Analyst plays a key role in managing financial risk by assessing the creditworthiness of vendors and customers, providing strategic credit recommendations, and supporting commercial bankruptcy cases. They conduct thorough business credit risk assessments to ensure informed decision-making and safeguard the company’s financial health.

In addition to credit evaluations, the analyst is responsible for monitoring wholesale counterparties and limits and developing recommendations to enhance efficiency and risk management. They also build presentations to effectively communicate credit stories and insights to key stakeholders, supporting data-driven decision-making.


Major Responsibilities:

Required to conduct in depth financial analysis of Vendors/Suppliers for ENMAX Supply Chain to identify key risks and provide recommendations on how to mitigate financial risk
Assess the credit worthiness by reviewing financial statements of new and existing counterparties to determine appropriate credit limits that are in line with business need and ENMAX’s risk tolerance
Responsible to conduct the customer bankruptcy process by filing Proof of Claim documents, liaising with Receivers/Trustees and following up for payment to minimize bad debt losses
Evaluate customized sales and service contracts and monitor the credit-worthiness of retail and commercial customers, negotiating security where required.
Utilize Equifax to develop and refine credit risk strategies.
Analyze credit onboarding data to identify trends and drive improved risk-related outcomes.
Monitor Wholesale credit limits daily
Assist with the preparation of presentations such as the Executive Credit Steering Committee presentation. Preparation includes creating new analysis and updating existing models and collaborating with different groups within the corporation.
Periodically review existing processes, policies and procedures, and recommend and implement improvements.
Monitor and adjust outstanding Letter of Credit balances and margin account balances
Assist with ad-hoc requests and Treasury coverage as required.


Education Required:

Undergraduate degree in either Business or Finance required
CGA, CMA or CFA designation would be an asset


Qualifications & Experience:

Minimum 3+ years in a Credit Analyst role preferably in commercial banking, energy or utility sector
Experience in assessing business credit risk, including financial statement analysis, credit report evaluation, and payment history review
Knowledge of credit risk models, scoring methodologies, and financial exposure assessment
Familiarity with commercial bankruptcy processes and credit recovery strategies
Proficiency in Power BI, Excel, and other data visualization tools to analyze financial trends and risks
Experience in building dashboards and reports to provide insights into credit and treasury performance
Ability to interpret large datasets to support data-driven decision-making
Experience building presentations to communicate credit stories and insights to key stakeholders
Familiarity with regulatory requirements and best practices in credit risk management
Familiarity reading and understanding financial statements


Competencies:

Ability to collaborate with cross-functional teams, including finance, sales, and legal, to align credit decisions with business objectives
Strong written and verbal communication skills to effectively convey financial insights and recommendations
Well organized, flexible and able to influence change within a team environment which is both stimulating and fast paced
Ability to problem solve, manage difficult situations and be pro-active in your work


Did we mention the ENMAX Advantage?

We offer competitive compensation including a comprehensive flexible benefits program, non-downtown location that includes great building amenities such as free onsite fitness facility with programming geared to employees needs, onsite child care centre (upon availability, offered from our ENMAX Place location 141 – 50 Ave. SE), free parking and much more. If you share our values and would like to make a difference with your career, join the team and see where the ENMAX possibilities can take you.

Salary: Analyst Level B (Current CUPE 2025 rates)

$82,426.89 - $87,584.77 - $92,742.65 - $97,880.69 - $103,038.57

Location: This role will be part of our hybrid (home and office) work force with office workspace located at ENMAX Place (141 - 50th Avenue SE, Calgary, AB). You will work from home on Mondays and Fridays and in the office on Tuesdays, Wednesdays and Thursdays.


Note:

If we can provide an accommodation or adjustment to make the process more accessible for you, please let us know. ENMAX welcomes all qualified applicants to apply and is committed to a safe and respectful workplace. It is our aim to have a workplace which is inclusive and values safety, diversity, personal integrity, respect for individual differences, and encourages ownership and accountability for our actions.
Every ENMAX employee is responsible to take reasonable care to protect the health and safety of themselves, of all other workers, and of the public. Each employee must become familiar with safety procedures and rules applicable to their job and are required to follow them while working at ENMAX.
Must be legal to work in Canada and requires the successful completion of a criminal background check. Two pieces of valid Government issued ID will be required.

In the spirit of reconciliation, we respectfully acknowledge that we live and work on the traditional lands of Indigenous Peoples. ENMAX headquarters is in Calgary, Alberta, the traditional territory of the Blackfoot Confederacy, comprised of the Siksika, Kainai, Piikani, and Amskapi Piikuni Nations; the Tsuut’ina Nation; and the îyârhe Nakoda Nations of Chiniki, Bearspaw, and Goodstoney, and home to the Métis Nation of Alberta, as well as many diverse Indigenous people who have made the city their home. We are committed to strengthening relationships with Indigenous Nations and peoples in all communities where we operate, through respect and collaboration.


Please visit our


careers page

to learn more about other opportunities at ENMAX Corporation.


#LI-POST



About ENMAX

For over 100 years, ENMAX Corporation, through its subsidiaries and predecessors, has provided Albertans with safe and reliable electricity to power the success of our province. We are warming homes, supplying worksites, driving businesses and powering communities. We are committed to being “on” for our customers. Our goal is to provide forward-thinking and customer-centric energy solutions that not only work for today, but also provide for a better tomorrow.

The ENMAX Group of Companies is a diverse organization that understands what it means to buy and make electricity, to move it across our network of wires to homes and businesses, and to market and sell electricity to our customers in a way that works for them.

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