Energy Settlements Analyst

CPS Energy•San Antonio, TX

About The Position

The Energy Settlements Analyst supports the Energy Accounting & Settlements area and is responsible for timely, accurate settlement of physical and financial wholesale energy transactions in the ERCOT market, as well as daily counterparty billing and payment activities. The role requires a strong analytical and financial foundation, comfort with challenging assignments in a fast-paced, dynamic environment, and an interest in professional growth and development.

Requirements

Bachelor’s degree in Business Administration with a concentration in Finance, Accounting, Auditing, or a related field from an accredited university, or 60 hours of course credit and current enrollment in college working toward a degree.
Relative experience in program or project management for operational units.
Basic knowledge of the fundamental concepts, practices, and procedures of a field of specialization.
Ability to set priorities, organize work, and make occasional exceptions.
Ability to work in a team environment and coordinate with other areas to achieve goals and objectives.
Ability to work in a variety of locations, including the field, construction centers, and the main office.
Initiative to work independently or as part of a team and coordinate with others to achieve desired results.
Well-developed written and verbal communication skills for interacting with personnel at all levels.
Ability to meet goals and objectives with minimal direct supervision.
Effective interpersonal and customer service skills.
Ability to make recommendations and independent decisions.
Proficiency with Microsoft Office, including word processing, spreadsheets, databases, presentation software, email, and scheduling.

Nice To Haves

Knowledge of or experience with ERCOT settlements and billing.
Working knowledge of or experience in wholesale energy markets.
Working knowledge of ERCOT market protocols and their application to operating a diverse generation portfolio to meet load obligations.
Experience with computer systems used to manage scheduling, delivery, billing, and payment for wholesale energy services.
Familiarity with master enabling agreements for wholesale power and natural gas transactions.
Familiarity with production cost modeling processes and post-transaction analysis for wholesale power marketing.
Familiarity with operational systems used to implement ERCOT deployments, preferably PCI GenTrader.

Responsibilities

Support daily cash settlements with ERCOT and other external counterparties.
Ensure settlement transactions comply with contracts and protocols.
Support month-end close activities, including settlement sub-ledger and post-analysis reconciliations.
Analyze and document cost allocation results from large volumes of dynamic data, and recommend cost allocation between operational strategies to management.
Provide input on settlement system design requirements.
Monitor PCI System performance and communicate and track issues with the vendor and/or EMO IT.
Prepare reports to meet PUCT, ERCOT, and internal accounting requirements.
Research ERCOT protocols to evaluate the impact of complex settlement standards and determine their proper implementation.
Write position papers documenting protocol implementation and ensuring consistency with ERCOT guidance.
Consult with independent auditors on accounting matters and disclosure requirements as needed.
Support the annual IT general controls audit as part of the financial audit.
Prepare PBCs and other supporting schedules for the annual external audit.
Respond verbally and in writing to inquiries from all levels of CPS Energy regarding post-analysis allocation theory and concepts.
Resolve complex issues independently using internal and external resources.