Manager, Trading Operations & Settlements

Geronimo Power, LLC•Bloomington, MN

17h•$130,000 - $155,000•Onsite

About The Position

Geronimo Power is rapidly expanding and establishing a dedicated Trading Operations & Settlements function to manage the complexity and control requirements of its growing energy trading platform. This role, reporting to the Controller, will build this function within Accounting. The goal is to improve handoffs between Trading, Risk Management, Asset Management, Accounting, and Compliance, while establishing disciplined processes, reliable settlement and billing workflows, and management-ready reporting. This is an ideal role for a hands-on leader who can design scalable operating routines, strengthen controls, collaborate across commercial and finance teams, and bring structure to a growing trading environment. The Manager will be a key functional owner for settlement operations, billing and invoice validation, credit and collateral processes, ETRM workflow readiness, environmental product activity, and reporting governance.

Requirements

Bachelor’s degree in Accounting, Finance, Economics, Business, Energy Management, or related field.
7+ years of experience in energy trading operations, market settlements, energy accounting, regulatory reporting, commodity operations, or related commercial support functions.
Experience improving processes in a trading, asset management, commodity, or energy operations environment.
Strong understanding of ISO/RTO market settlement processes, including exposure to PJM, MISO, SPP, ERCOT, or other North American power markets.
Experience with ETRM systems such as OATI, Allegro, Hitachi, PCI, or similar platforms.
Deep understanding of settlement processes, invoicing, collateral management, energy accounting, operational controls, and transaction lifecycle management.
Strong analytical, problem-solving, organizational, and communication skills, with the ability to explain complex operational, settlement, and financial issues clearly to management.
Advanced Excel and reporting skills; experience developing reconciliations, variance analyses, dashboards, or other structured operating reports.

Nice To Haves

Experience supporting or leading ETRM implementations, settlement automation initiatives, operational transformations, or internal control / SOX-readiness efforts.
Experience leading operational teams, developing processes, implementing systems, managing reconciliations and controls, and driving cross-functional initiatives.
Familiarity with CFTC compliance requirements and related regulatory reporting obligations for commodity trading activity.
Familiarity with GAAP requirements, accounting close processes, audit support, and financial reporting controls related to trading activity.
Experience with REC registries, environmental attributes, renewable energy certificates, or related inventory and settlement workflows.

Responsibilities

Build and lead the Trading Operations & Settlement function within Accounting, creating the processes, controls, documentation, and reporting routines needed to support a growing trading desk.
Improve current-state handoffs between Trading, Risk Management, Asset Management, Accounting, and Compliance by defining clear workflows, ownership, escalation paths, and close timelines.
Lead shadow settlements, invoice validation, dispute management, billing support, and payment coordination to ensure trading activity is settled and allocated accurately for the month-end close.
Own the monthly true-up to daily P&L reported by Risk Management and ensure variances, exceptions, and adjustments are documented and escalated appropriately.
Partner with Accounting on accruals, cash forecasting, collateral calls, liquidity planning, audit support, and other financial reporting requirements related to trading activity.
Support counterparty credit and collateral management processes, including exposure tracking, collateral requirements, credit support documentation, margin/collateral call coordination, and escalation of material exposure or liquidity changes.
Manage REC registry and environmental product activities, including certificate transfers, retirements, reconciliations, inventory tracking, and related billing or settlement requirements.
Serve as a key business owner for ETRM workflows and future system enhancements, helping further automate billing and settlement activities, trade capture controls, credit and collateral workflows, environmental product tracking, and allocation of P&L.
Establish procedures, metrics, and governance routines for settlement operations, billing processes, exception management, internal controls, registry activity, and management reporting.
Prepare recurring management-ready reporting on settlement status, billing completeness, open disputes, exposure/collateral items, registry activity, close deadlines, and key operational risks.
Support internal control readiness, audit requests, documentation standards, and process improvement initiatives connected to trading activity and month-end close.