Structured Credit Analyst/Senior Analyst

Tenaska is one of the largest privately held companies in the United States, an organization that’s adept in natural gas and power marketing, power management, development and acquisition of generation assets, operation of power plants and more.

We are seeking a highly analytical and detail-oriented Structured Credit Analyst/Senior Analyst to join our Credit Risk team supporting structured transactions in the power and energy markets. This role is responsible for evaluating credit risk, structuring transactions, and supporting deal execution across wholesale power markets, including renewables, natural gas, and other energy transition assets.

- Analyze the creditworthiness of counterparties and structured transactions, including power purchase agreements (PPAs), tolling agreements, and hedging structures. This involves reviewing financial statements, cash flow analysis, and assessing the profitability and sustainability of energy transactions.

- Support the structuring and execution of structured energy transactions by providing solutions to mitigate credit and liquidity risk. This might involve reviewing financial documentation, contributing to contract negotiations, and coordinating with other teams like origination, risk management, and legal.

- Prepare credit memos, risk assessments, and support documentation for internal approvals. Ensure compliance with internal credit policies and external regulatory standards.

- Work with origination, structured products, and market risk teams to design and evaluate hedge strategies that mitigate exposure while preserving deal economics.

- Present findings and recommendations to senior management, including the Management Committee, and support external communications with counterparties.

- Monitor market trends, regulatory developments, and credit events that may impact portfolio risk.

- Various other projects as assigned

Education/Experience/Skills

Basic Requirements:

- Applicants must be authorized to work for any employer in the U.S. The Company is not able to take over sponsorship of an employment visa at this time for this position or commit to doing so in the future for individuals with current authorization to work via, for example, CPT or OPT, and would need sponsorship in the future.

- Bachelor’s degree in Finance, Economics, Engineering, or a related field; MBA or CFA preferred.

- 3–5 years (Analyst) or 5-10 years (Senior Analyst) of experience in credit risk, structured finance, or energy trading, preferably in the power sector.

- Strong understanding of wholesale power markets, structured products, and credit risk frameworks.

- Proficiency in Excel-based modeling; experience with simulation tools or programming (Python, R) is a plus.

- Strong communication skills are needed for presenting analysis and recommendations to internal teams and clients.

- Detail-oriented with strong organizational and project management skills.

Preferred Requirements

- Familiarity with ISDA/NAESB agreements and collateral management practices.

- Experience with asset-based lending, liens, and lockbox structures.

- Experience working with Independent System Operator (ISO) market structures.

- Exposure to renewable energy financing, tax equity, or back-leverage structures.

Benefits

At Tenaska we care about the wellbeing of our employees and their families. That’s why we offer our employees a comprehensive benefit package. Benefits included below:

- Health, dental, vison, disability, and life insurance

- Excellent 401(k) plan

- Incentive-based, competitive salary packages

- Health/dependent care flex accounts

- Tuition assistance

- Long-term disability coverage

- Adoption benefits

- Employee assistance program

- Paid vacations and holidays

- Generous sick leave

- Charitable giving program

- Paid maternity/paternity leave

- Wellness programs

Tenaska is an equal opportunity employer.