Energy Settlements (Transmission) Analyst II, Senior or Lead

Tucson Electric Power Co Inc•Tucson, AZ

64d•Hybrid

About The Position

Responsibilities of the Energy Settlements group include accounting for transmission and wholesale energy purchases and sales made bilaterally and within an energy market, overseeing the AP/AR function for these transactions, preparation of journal entries, account reconciliations and financial statement analysis associated with these activities, analysis of market performance daily, and reporting these transactions to regulatory agencies. Additional duties include monetizing and tracking of transactions, evaluating billing terms included in potential contracts and serving as the subject-matter expert for all settlements functions within the energy market. The Energy Settlements department serves as a critical link between the operating areas within UNS Energy and the Finance and Accounting functions to translate operational data into meaningful financial data. Position-Related Responsibilities The following job levels build upon each other with scope and responsibility increasing with each level. Requirements for all employees include: Maintains confidentiality for all matters regarding highly sensitive corporate and outside party information gathered and used in the normal performance of the settlements function. Understands and observes the Federal Energy Regulatory Commission's Code of Conduct as it applies to the positions. These positions may provide services to affiliates of the Company subject to the UNS Energy Code of Conduct and the related Policies and Procedures. Energy Settlement Analyst II: Collects and analyzes market data for reporting. Identifies and suggests process improvement changes in the use of IT systems and work processes in the Energy Settlements group. Develops an understanding of the rules and regulations for ACC, FERC, DOE, SEC and Market Operator. Evaluates new rules and regulations affecting energy transactions and participates in their implementation. Oversees a small project or phase(s) of a larger project. Takes initiative to add to body of functional knowledge and demonstrate proficiency in subject matter. Ensures all payments made in timely manner; tracks outstanding receivables. Performs Accounting functions including journal entry preparation. Senior Energy Settlement Analyst: Strong analytical skills. Has primary responsibility for complex research, analysis, and compliance. Ability to research, draw conclusions and make recommendations. Curiosity and desire to understand a process and how it relates to other processes. Readily communicates the status of specific projects, programs, or on-going work; exhibits judgment to elevate at the right time. Performs complex and varied accounting functions including preparation and/or review of journal entries, GAAP research, preparation or review of financial data used by other departments, and analysis of financial results associated with Energy Settlements activities. Possesses a thorough understanding of the rules and regulations for ACC, FERC, DOE, SEC and Market Operators. Prepares or reviews financial and operational reports required by the FERC, DOE, ACC, or other regulatory agencies. Provides research and analysis related to the feasibility and cost/benefit of different contracts and strategies in support of Pricing and Retail Marketing issues. Interacts with departments throughout the organization on billing and accounting issues and reporting related to market transactions. Assists with implementation of improvements or modifications to Energy Settlements systems and procedures. Oversees multiple projects, some ongoing, and can deliver projects to successful completion with minimal guidance. Understands business drivers and can deliver solutions which accurately and effectively meet business needs. Identifies and communicates barriers to timely and successful completion of work assigned and suggests possible solutions. Identifies process improvements and recommends practices which improve effectiveness. Takes ownership of data and can identify, draft, and implement validation methodology to ensure that data is accurate on a global basis. Coordinates and expedites resolution to problems which occur with respect to a wide variety of matters necessary for the professional, effective, and economical completion of the job. Has a high degree of breadth and depth of functional knowledge. Consistently delivers work without errors. Is self-directed and needs minimal supervision. Exhibits leadership qualities. Ensures market sub-allocations are correctly billed to customers. Collects, analyzes and interprets market data to create reports. Files and tracks billing disputes with customers and market portals. Lead Energy Settlements Analyst: Top-level individual contributor considered a subject matter expert. Demonstrates a thorough understanding of the rules and regulations for ACC, FERC, DOE, SEC, and Market Operators and the rate making requirements for the ACC and FERC. Participates with internal and external legal counsel and consultants to interpret contract provisions and pricing, including modeling billing options. Leads several complex projects at the same time, assists others on complex projects and independently delivers projects to successful completion. Applies extensive knowledge of concepts, practices, and procedures to handle complex tasks and provides guidance to others. Participates in the development or revision of internal control procedures. Demonstrates a creative approach to problem solving in a dynamic environment. Responsible for review and sign-off of work of other analysts and completed projects. Understands the end result and can work backwards to identify and implement needed processes to achieve desired results. Ensures that resources are available and channeled to produce the planned deliverables on time, including assignments of team members based on priorities and project requirements. Readily communicates the status of specific projects, programs, or on-going work. Acts as source for training for other analysts. Works with Metering Department to resolve issues with meter data. Acts as point person for day-to-day activity in energy markets by interacting with other departments and monitoring new standards and procedures. Manages market sub-allocation process. Uses data from energy market reports to suggest and implement changes to maximize potential of the market. Collaborates with and provides analysis and reporting to leadership. In addition, Lead Analyst with supervisory responsibilities is also required to: Ensure that the Company's management principles, policies, and programs are consistently practiced and continually support the Affirmative Action Plan. Ensure that the Performance Management program is administered uniformly and effectively. Support and guide analysts in their development. Assist with ensuring workload in department is appropriately assigned.

Requirements

BS/BA or Master's degree and at least 3 years of related experience, or equivalent combination of education and experience.
Accounting and Utility Market experience a plus
Curiosity and attention to detail.
Strong Team Player
Excellent Communication Skills
Maintains confidentiality for all matters regarding highly sensitive corporate and outside party information gathered and used in the normal performance of the settlements function.
Understands and observes the Federal Energy Regulatory Commission's Code of Conduct as it applies to the positions.
These positions may provide services to affiliates of the Company subject to the UNS Energy Code of Conduct and the related Policies and Procedures.
Ability to research, draw conclusions and make recommendations.
Broad-based business acumen with strong project management, research, and reporting skills.
Strong analytical ability to gather and summarize data for reports, find solutions to various administrative problems, and prioritize work.
Demonstrated ability to communicate effectively; verbally and in writing, with the ability to choose the best medium for the situation.
Demonstrated ability to work independently, as well as in a team environment.
A high degree of interpersonal skills to maintain positive relations with other areas of the company and work with those groups to resolve issues.
Exhibit discretion when dealing with confidential and sensitive information.
Demonstrated fluency with spreadsheets (Excel) and word processing (Word).
Ability to become proficient with multiple IT systems used for billing and in other computer software applications.
Ability to manipulate and analyze large data sets and create recommendations from the analysis
Demonstrated ability to identify issues by looking at settlement data and solve complex problems in the electric utility industry
Requires BS/BA or Master's degree and 3 years related experience, or equivalent combination of education and experience.
Requires BS/BA or Master's degree and 5 years related experience, or equivalent combination of education and experience.
Requires BS/BA or Master's degree and 9 years related experience, or equivalent combination of education and experience.

Nice To Haves

Accounting and Utility Market experience a plus
Market experience is highly desirable
Public accounting experience is highly desirable.

Responsibilities

Account for transmission purchases and sales.
Monetize and track transactions and evaluate billing terms in contracts.
Identify data irregularities that need to be addressed within a tight timeframe
Create Ad Hoc reports for customers and internal departments
Identify process and procedure improvements to strengthen or improve data integrity and efficiency
Report results to regulatory agencies
Collects and analyzes market data for reporting.
Identifies and suggests process improvement changes in the use of IT systems and work processes in the Energy Settlements group.
Develops an understanding of the rules and regulations for ACC, FERC, DOE, SEC and Market Operator.
Evaluates new rules and regulations affecting energy transactions and participates in their implementation.
Oversees a small project or phase(s) of a larger project.
Takes initiative to add to body of functional knowledge and demonstrate proficiency in subject matter.
Ensures all payments made in timely manner; tracks outstanding receivables.
Performs Accounting functions including journal entry preparation.
Strong analytical skills. Has primary responsibility for complex research, analysis, and compliance.
Ability to research, draw conclusions and make recommendations.
Curiosity and desire to understand a process and how it relates to other processes.
Readily communicates the status of specific projects, programs, or on-going work; exhibits judgment to elevate at the right time.
Performs complex and varied accounting functions including preparation and/or review of journal entries, GAAP research, preparation or review of financial data used by other departments, and analysis of financial results associated with Energy Settlements activities.
Possesses a thorough understanding of the rules and regulations for ACC, FERC, DOE, SEC and Market Operators.
Prepares or reviews financial and operational reports required by the FERC, DOE, ACC, or other regulatory agencies.
Provides research and analysis related to the feasibility and cost/benefit of different contracts and strategies in support of Pricing and Retail Marketing issues.
Interacts with departments throughout the organization on billing and accounting issues and reporting related to market transactions.
Assists with implementation of improvements or modifications to Energy Settlements systems and procedures.
Oversees multiple projects, some ongoing, and can deliver projects to successful completion with minimal guidance.
Understands business drivers and can deliver solutions which accurately and effectively meet business needs.
Identifies and communicates barriers to timely and successful completion of work assigned and suggests possible solutions.
Identifies process improvements and recommends practices which improve effectiveness.
Takes ownership of data and can identify, draft, and implement validation methodology to ensure that data is accurate on a global basis.
Coordinates and expedites resolution to problems which occur with respect to a wide variety of matters necessary for the professional, effective, and economical completion of the job.
Has a high degree of breadth and depth of functional knowledge.
Consistently delivers work without errors.
Is self-directed and needs minimal supervision.
Exhibits leadership qualities.
Ensures market sub-allocations are correctly billed to customers.
Collects, analyzes and interprets market data to create reports.
Files and tracks billing disputes with customers and market portals.
Demonstrates a thorough understanding of the rules and regulations for ACC, FERC, DOE, SEC, and Market Operators and the rate making requirements for the ACC and FERC.
Participates with internal and external legal counsel and consultants to interpret contract provisions and pricing, including modeling billing options.
Leads several complex projects at the same time, assists others on complex projects and independently delivers projects to successful completion.
Applies extensive knowledge of concepts, practices, and procedures to handle complex tasks and provides guidance to others.
Participates in the development or revision of internal control procedures.
Demonstrates a creative approach to problem solving in a dynamic environment.
Responsible for review and sign-off of work of other analysts and completed projects.
Understands the end result and can work backwards to identify and implement needed processes to achieve desired results.
Ensures that resources are available and channeled to produce the planned deliverables on time, including assignments of team members based on priorities and project requirements.
Readily communicates the status of specific projects, programs, or on-going work.
Acts as source for training for other analysts.
Works with Metering Department to resolve issues with meter data.
Acts as point person for day-to-day activity in energy markets by interacting with other departments and monitoring new standards and procedures.
Manages market sub-allocation process.
Uses data from energy market reports to suggest and implement changes to maximize potential of the market.
Collaborates with and provides analysis and reporting to leadership.
Ensure that the Company's management principles, policies, and programs are consistently practiced and continually support the Affirmative Action Plan.
Ensure that the Performance Management program is administered uniformly and effectively.
Support and guide analysts in their development.
Assist with ensuring workload in department is appropriately assigned.