Commercial Analyst

Exus Renewables North America•Pittsburgh, PA

About The Position

The Commercial Analyst primarily supports Back/Middle Office activities for the Commercial team, with a focus on settlement calculations, revenue reporting, and reviewing contracts to track obligations. The role maintains and manages revenue-centric models used for investor reporting and invoicing and develops automation tools to streamline commercial processes. It also interfaces with external clients to perform market analyses and report on monthly results.

Requirements

Bachelor’s degree in business administration, finance, accounting, economics, or a related field.
At least 3 years of relevant experience in M&A, FP&A, and Commercial domains.
Experience preparing, reviewing, and auditing complex models in Excel.
Competence in Excel-based modeling, financial planning, and analytics.
Basic understanding of energy markets, solar technology, and wind technology.
Ability to analyze and extract relevant information from contracts.
Ability to extract, manipulate, and summarize large amounts of data.

Nice To Haves

Experience in the financial or energy industries is highly preferred.
Experience directly supporting Back-Office functions in wholesale or retail electricity is preferred.
Knowledge of ISO market operations and settlements, especially in PJM, MISO, and ERCOT, is preferred.

Responsibilities

Perform basic settlement and invoicing activities under supervision, including shadow settlements and validation of final settlements for standard ISO, hedge, and REC contracts; communicate with counterparties to align and escalate discrepancies as necessary.
Collaborate with Accounting on invoicing and payments and provide revenue reconciliations for monthly reporting.
Support communications with asset management clients and offtakers, developing an understanding of how market conditions and events influence project revenues.
Verify ISO bilateral trade scheduling and support execution of Day-Ahead/Real-Time Scheduling.
Assist in drafting transaction confirmations, including power swaps and REC sales.
Analyze, reconcile, and support evaluation of confirmations for accuracy, ensuring proper amounts and Commercial terms.
Collaborate with Asset Management and Accounting to deliver investor reporting, including assisting with explanations of budget-versus-actual variances and related market analysis.
Maintain revenue models for internal and external stakeholder reporting and suggest efficiency improvements.
Develop an understanding of revenue calculation methodologies and support internal verification of financial impacts.
Analyze energy market data and trends to build knowledge of financial performance drivers for solar, wind, and other assets.
Read contracts to understand basic Commercial obligations and record and communicate obligations to Management and Contract Administration.
Manage REC trading and tracking system activity, including PJM GATS, NCRETS, WREGIS, and TX REC.