Accounting/Finance Intern - Credit & Contract Administration

Company Summary Statement

As one of the largest investor-owned utility companies in the United States, PPL Corporation (NYSE: PPL), is committed to creating long-term, sustainable value for our 3.5 million customers, our shareowners and the communities we serve. Our high-performing regulated utilities - PPL Electric Utilities, Louisville Gas and Electric, Kentucky Utilities and Rhode Island Energy - provide an outstanding experience for our customers, consistently ranking among the best utilities in the nation. PPL's companies are also addressing challenges head-on by investing in new infrastructure and technology that is creating a smarter, more reliable and resilient energy grid. We are committed to doing our part to advance a cleaner energy future and drive innovation that enables us to achieve net-zero carbon emissions by 2050 while maintaining energy reliability and affordability for the customers and communities we serve. PPL is a positive force in the cities and towns where we do business, providing support for programs and organizations that empower the success of future generations by helping to build and maintain strong, diverse communities today.

Overview

This position is responsible for assisting the Manager, Credit and Contract Administration and/or credit analysts in obtaining, maintaining and preparing financial and credit information for new and/or existing customers of PPL Corporation and its companies to establish credit limits and guidelines for the corporate, wholesale sales and power supply businesses.

Looking for a student who is enrolled in school full time (at least 12 credit hours/semester) pursuing a bachelor's degree in accounting or finance. The position will be full time in the summer, and part time during the semester (~20-25 hours/week). The schedule during the semester will be flexible around the student's class schedule.

Responsibilities

• Obtain counterparty information from customer or outside source for credit reviews.

• Prepare and obtain credit enhancement documents for credit analysts to review.

• Monitor expiration of credit enhancement documents and ensure renewals are received when appropriate.

• Input financial data and public rating information into credit scoring financial models.

• Prepare information packages for counterparties containing LG&E/KU credit information.

• Prepare monthly management reports using Excel, Access, and CTS.

• Assist in maintaining report to track credit exposure by customers.

• Develop working relationships with power supply personnel.

• Develop rapport with other industry credit professionals.

• Assist in monitoring collection and bad debt accounts on all customers.

• Assist in resolving discrepancies on customer accounts.

• Responsible for organizing and maintaining credit files.

• Maintain all credit department databases and files with current information.

• Responsible for various legal documents tracking through internal departments.

• Provide support to contract administration with confirmations and in communicating changes in counterparty information or status.

• Commodity Trading System proficiency required.

• Undertake special projects as needed.

• Perform other duties as assigned by Manager, Credit and Contract Administration.

Qualifications

Required Qualifications:

Enrolled full-time and have completed freshman year of undergraduate studies with declared major in accounting or finance.

Minimum GPA 3.00

Required Qualifications:

Enrolled full-time and have completed freshman year of undergraduate studies with declared major in accounting or finance.

Minimum GPA 3.00

• Obtain counterparty information from customer or outside source for credit reviews.

• Prepare and obtain credit enhancement documents for credit analysts to review.

• Monitor expiration of credit enhancement documents and ensure renewals are received when appropriate.

• Input financial data and public rating information into credit scoring financial models.

• Prepare information packages for counterparties containing LG&E/KU credit information.

• Prepare monthly management reports using Excel, Access, and CTS.

• Assist in maintaining report to track credit exposure by customers.

• Develop working relationships with power supply personnel.

• Develop rapport with other industry credit professionals.

• Assist in monitoring collection and bad debt accounts on all customers.

• Assist in resolving discrepancies on customer accounts.

• Responsible for organizing and maintaining credit files.

• Maintain all credit department databases and files with current information.

• Responsible for various legal documents tracking through internal departments.

• Provide support to contract administration with confirmations and in communicating changes in counterparty information or status.

• Commodity Trading System proficiency required.

• Undertake special projects as needed.

• Perform other duties as assigned by Manager, Credit and Contract Administration.

Remote Work

The company reserves the right to determine if this position will be assigned to work on-site, remotely, or a combination of both. Assigned work location may change. In the case of remote work, physical presence in the office/on-site may be required to engage in face-to-face interaction and coordination of work among direct reports and co-workers.

Equal Employment Opportunity

Our company is an equal opportunity, affirmative action employer dedicated to diversity and the strength it brings to the workplace. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, national origin, protected veteran status, sexual orientation, gender identify, genetic information, disability status, or any other protected characteristic.