ISO Power Settlement Specialist

Jain Global•Houston, TX

About The Position

The ISO Power Settlement Specialist serves as the dedicated owner of end-to-end settlement validation, reconciliation, and analysis for complex commodity transactions across U.S. power markets and physical natural gas. The role requires strong subject-matter expertise to interpret ISO invoices, validate charges, and reconcile positions across multiple market structures. It is accountable for settlement accuracy, timeliness, integrity, and the accuracy of downstream financial reporting. The specialist coordinates with trading, risk, accounting, treasury, and credit teams; reviews ISO/RTO and bilateral invoices; manages reconciliations and disputes; and develops controlled, scalable settlement processes. The position is located in Houston, Texas, or New York, New York. Jain Global offers a total compensation package that includes base salary, discretionary bonus, and comprehensive benefits. The estimated base salary range is $120,000 to $150,000.

Requirements

5–8 years of experience in commodities operations, settlements, or middle office.
Strong experience with one or more U.S. power markets: PJM, MISO, ERCOT, ISO-NE, NYISO, CAISO, or SPP.
Experience with physical natural gas settlements.
Hands-on experience with FTRs or CRRs, virtual transactions, and physical gas settlements.
Deep understanding of day-ahead and real-time market structures, ISO settlement statements, charge codes, and dispute processes.
Proven ability to manage end-to-end settlement ownership with minimal oversight.
Strong attention to detail, analytical and reconciliation skills, and ability to solve problems proactively.
Ability to communicate effectively and coordinate across internal stakeholders.

Nice To Haves

Global commodities exposure, such as oil, renewables, or refined products.
Familiarity with ETRM systems and data tools.
Experience interfacing directly with ISOs/RTOs and navigating market documentation.
Working knowledge of accounting principles related to commodity settlements.

Responsibilities

Own settlements across U.S. power markets (PJM, MISO, ERCOT, ISO-NE, NYISO, CAISO, and SPP) and physical natural gas.
Establish and maintain consistent, controlled settlement processes across products and markets.
Act as the subject-matter expert for settlement-related inquiries and issues.
Coordinate with trading, risk, accounting, treasury, and credit teams across the transaction lifecycle.
Ensure settlement outputs accurately feed downstream P&L, accounting, and cash management processes.
Interpret ISO/RTO and bilateral invoices and validate charges and credits for day-ahead and real-time markets, ancillary services, capacity payments, and transmission- and congestion-related charges.
Lead settlement and reconciliation for FTRs, CRRs, virtual transactions, and physical natural gas.
Reconcile internal systems against ISO statements and counterparty invoices.
Identify discrepancies, submit disputes within ISO-mandated timelines, and track open items through resolution.
Build and enhance scalable settlement processes, controls, and documentation.
Improve transparency, auditability, and operational efficiency across settlement workflows.
Ensure settlements are accurately reflected in financial reporting and P&L.
Maintain clear audit trails and support internal and external audits.