Energy Settlement Analyst I or II

TXNM Energy•Albuquerque, NM

76d•$53,540 - $100,709

About The Position

Energy Analysis and Settlements is part of the Wholesale Power and Transmission Accounting organization under the Corporate Controller. Energy Settlement Analysts are responsible for the confirmation, reconciliation, and settlements (including invoicing) of energy transactions related to wholesale bi-lateral power settlements, natural gas and related transportation settlements, transmission sales and purchases, CAISO MRTU market settlements, and CAISO EIM market settlements. A Settlement Analyst is responsible for timely and accurate completion of work that includes invoicing, AP/AR, GL inputs, reporting, and audits.

Requirements

Bachelor's degree from four-year college or university with one to three years related experience, or equivalent combination of education and/or experience related to the discipline.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations
Ability to write reports, business correspondence, and procedure manuals.
Ability to effectively communicate in both writing and verbal
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, and other business-related calculations.
Ability to apply concepts of basic algebra and geometry.
Strong skills in MS Excel spreadsheet software and MS Word processing software.
Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret technical instructions in mathematical or diagram form.
While performing the duties of this job, the employee is occasionally required to stand and walk up to 2/3 of the time. Manual dexterity required and the ability to talk and listen. The employee must occasionally lift and/or move up to 25 pounds.
Vision requirements include - close vision, color vision, and peripheral vision.
Office environment.
Travel for offsite training and conferences may be required periodically
Schedule flexibility and the possibility of working extended hours is required as needed
Bachelor's degree from four-year college or university with three to five years related experience , or equivalent combination of education and/or experience related to the discipline.
Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

Nice To Haves

Analytical Background
High Level Excel Experience
Familiarity with the competitive wholesale electricity marketplace, knowledge of CAISO settlements, including business practices, transaction types, and systems is desired.
Familiarity with the interconnected bulk power generation and transmission system, including delivery points and paths as well as
Understands basic terminology related to the discipline.
Working knowledge of scheduling systems, settlement systems, and financial systems is desired
Working knowledge of the language, terms, and conditions of contracts entered into for the purchase or sale of power.
Excellent analytical skills to properly assess errors and variances to reconcile data and make reasonable decisions to complete settlements.
Strong negotiating skills and the ability to make quick and reasonable decisions.
Advanced interpersonal skills to build and maintain positive business relationships.
Working knowledge of energy scheduling systems, settlement systems and basic accounting systems is desired
Self-motivated and possessing strong problem-solving skills and the ability to prioritize tasks
An ability to follow procedures and demonstrate personal accountability and ownership of the role
Understanding of the CASIO EIM marketplace, including business practices, charge codes and systems
Understanding of the interconnected bulk power generation and transmission system, including delivery points and paths
Understand terminology related to CAISO EIM market and PNM transmission settlements
Ability to interpret both the language and terms and conditions of OATT contracts and CAISO EIM market documents
Excellent analytical skills to properly assess errors and variances to reconcile data to complete settlements and provide reports assessing market outcomes

Responsibilities

Performs daily, weekly, and monthly checkout of transactions related to power bi-lateral, natural gas, and/or CAISO MRTU
Prepares gas purchase and pipeline reconciliation and settlements
Prepares Power settlements checkout
Prepares CAISO MRTU settlements
Prepares weekly settlements to accurately reflect for Accounts Receivable, Accounts Payable and General Ledger entries
Responsible for month end General Ledger estimates and eventual actuals as CAISO settles the previous month
Dispute resolution of deal discrepancies
Performs other energy accounting reconciliation and reporting as assigned
Performs regulatory reporting as required
Maintains standardized counter party checkout documentation files with the information to satisfy audit requirements
Responds to inquiries from both internal and external auditors during their audit engagements
Responsible for supporting daily/weekly/monthly transmission sales, purchase settlements, and the EIM market settlements for the EESC/PRSC
Responsible for gas purchase and pipeline settlements, power bi-lateral settlements, and CAISO MRTU settlements
Prepares and sends invoices for Point-to-Point (PTP) and Network Transmission sales
Performs transmission purchase reconciliation and settlement including payment through the Accounts Payable process
Manages the Network Transmission peak calculation
PTP database and system management
Performs EIM daily settlements of 5min, 15min, and hourly market data
Reconciles, confirms, and performs analytics of PRSC market data
Prepares EIM prior period adjustments (PPA)
Prepares EIM charge allocations for PRSC
Responsible for recognition of disputable market settlement variances and ability to resolve CAISO disputes
Processes CAISO invoices timely to ensure weekly settlement deadlines are met
Provide system support, working closely with IT and vendors to manage system upgrades, patches, and testing