Principal Credit Analyst

Requisition ID: 19205

Join us in building a better future for Arizona!

SRP is one of the largest public power and water utilities in the U.S. providing electricity to approximately one million customers in the greater metropolitan Phoenix area. Since its founding in 1903, SRP has fostered a culture of stewardship and customer service consistently ranking as an industry leader in customer service according to J.D. Power and named one of Arizona's best employers by Forbes. SRP continues to adapt to its changing business environment by seeking innovative ways to reimagine utility service and the provision of critical resources essential to the life and economy of Arizona.

Why Work at SRP

At SRP, we foster an inclusive work environment and believe everyone should have a fair chance to work, regardless of who they are. That’s why we value teams with diverse perspectives, experiences, and backgrounds to help SRP deliver on its mission of providing reliable, affordable and sustainable water and power.

SRP's success is rooted in our employees' happiness, health, and safety. That's why we offer a comprehensive benefits package to meet the needs of our employees and enhance their well-being. In addition to competitive pay and performance incentives, eligible employees can take advantage of the following benefits:

- Pension Plan (at no cost to the employee)

- 401(k) plan with employer matching

- Available your first day: Medical, vision, dental, and life insurance

- Over 200+ hours of PTO (includes vacation days, holidays, floating holidays, and sick leave)

- Parental leave (up to 4 weeks) and adoption assistance

- Wellness programs (including access to a recreation and fitness facility)

- Short and long-term disability plans

- Tuition assistance for both undergraduate and graduate programs

- 10 Employee Resource Groups for career development, community service, and networking

Summary

We're seeking a strategic finance leader with deep expertise in credit risk, financial modeling, and contract evaluation. This role is pivotal in safeguarding SRP's financial health by assessing and mitigating risks tied to large customers. You'll work cross-functionally with departments like Economic Development, Strategic Energy Management, and Legal, and play a key role in mentoring our Credit Analyst team.

Strategic Impact

This is more than a technical role-it's a strategic leadership opportunity. You'll shape how SRP manages financial exposure and customer risk, while also building the next generation of credit analysts.

What You'll Do

- Monitor and validate customer deposits including letters of credit and other credit support instruments to ensure compliance and mitigate financial exposure.

- Conduct advanced financial analysis to assess bill credit risk and revenue stream credit risk.

- Support governance teams by identifying and communicating financial risks embedded in large customer contracts.

- Collaborate with departments such as Economic Development, Strategic Energy Management, Treasury, Legal and Pricing to align financial strategies.

- Develop and maintain financial models and dashboards to support decision-making.

- Provide strategic recommendations to senior leadership based on financial insights.

- Mentor and guide financial analysts within the department to foster professional growth and analytical capabilities.

- Stay current on industry trends, financial regulations, and credit risk methodologies.

What It Takes To Succeed

- Strong analytical and problem-solving skills with the ability to interpret complex financial data.

- Deep understanding of credit risk assessment, financial modeling, and contract evaluation.

- Excellent communication and interpersonal skills to effectively collaborate across departments.

- Ability to manage multiple priorities and deliver high-quality work under tight deadlines.

- Demonstrated leadership and mentoring capabilities.

- High level of integrity, ethics, and professionalism.

Experience

- Minimum of 10 years of professional experience in financial analysis, credit risk, or a related discipline.

- Experience working with large customer contracts and financial governance processes strongly desired.

- Proven track record of developing financial models and conducting risk assessments.

Education

A bachelor’s degree in a related field from an accredited institution is required, plus an additional 18 graduate-level credits in the area of specialty preferred.

Testing and Certifications

Hybrid Workplace

SRP currently offers a hybrid workplace, which allows employees whose jobs can be performed remotely, and who have sufficient technical capability, to telework up to three days per week. Although teleworking is available, all employees must live and work in Arizona.

Drug/Alcohol Policy Statement

To promote the safety and well-being of our employees, customers, and the communities we serve, SRP is committed to maintaining a drug/alcohol free work environment. Although marijuana may now be legal in Arizona, except as otherwise specified under Arizona law, SRP considers it to be an illegal drug for the purpose of our drug/alcohol policy because marijuana remains illegal at the federal level. Any candidate found to be impaired during the hiring process or who has the presence of an illegal drug or unauthorized substance in their system during the pre-employment drug/alcohol test may be disqualified from further consideration in the hiring process.

Equal Opportunity Employer Statement

Salt River Project (SRP) is committed to equal employment opportunity regardless of race, color, religion, sex (including pregnancy), gender identity, sexual orientation, national origin, age, disability, genetic information, military status, or any other protected status under applicable federal, state or local law.

Work Authorization

All candidates must be legally authorized to work in the United States.

Currently, SRP does not sponsor H1B visas, OPT, or other employment-related visa's.