Senior Commercial Analyst

Exus Renewables North America•Pittsburgh, PA

About The Position

The Senior Commercial Analyst is responsible for complex back- and middle-office activities for the Commercial team, including complex settlement calculations, revenue reporting, contract-obligation tracking, and management of revenue-centric models used for investor reporting and invoicing. The role also interfaces with external clients to perform market analyses and report monthly results. The analyst supports settlements and invoicing, collaborates with Accounting and Asset Management, and serves as a contact for asset management clients and offtakers. The role analyzes energy markets and asset performance, maintains revenue models and REC trading and tracking systems, and supports the development of Commercial tools in Excel and Power BI. It also involves interpreting contracts, tracking Commercial obligations, explaining revenue methodologies, and staying current on ISO rules and proposed changes.

Requirements

Bachelor’s degree in business administration, finance, accounting, economics, or a related field.
At least 5 years of experience working in the financial or energy industries.
Experience preparing, reviewing, and auditing complex models in Excel.
Competence in MS Excel-based modeling, financial planning, and analytics.
Basic understanding of energy markets, solar technology, and wind technology.
Ability to analyze and extract relevant information from contracts.
Ability to extract, manipulate, and summarize large amounts of data.

Nice To Haves

Experience directly supporting back- or middle-office functions in wholesale or retail electricity.
Knowledge of ISO market operations and settlements, especially in PJM, MISO, and ERCOT.
Knowledge of physical and financial power products.
Basic derivative knowledge.

Responsibilities

Perform shadow settlements, validate final settlements, communicate with counterparties to align on settlements and dispute errors as necessary, and execute invoicing, including ISO, hedge, and REC settlements.
Collaborate with Accounting on invoicing, payments, and revenue reconciliations for monthly reporting.
Serve as a key point of contact for asset management clients and offtakers, explaining market events and pricing dynamics and their impact on revenue outcomes.
Verify ISO bilateral trade scheduling and support execution of Day-Ahead and Real-Time Scheduling.
Draft transaction confirmations, including REC sales confirmations.
Analyze, reconcile, and evaluate confirmations for accuracy, appropriate amounts, and Commercial terms.
Collaborate with Asset Management and Accounting on investor reporting; investigate, explain, and present budget-versus-actual variances and related market analysis.
Create, manage, and maintain revenue models for internal and external stakeholder reporting, continually monitoring models for efficiency and improvement opportunities.
Explain and verify revenue calculation methodologies and financial impacts to other departments.
Analyze energy market trends to optimize the financial performance of solar, wind, and other assets.
Read contracts to understand Commercial obligations and record and communicate those obligations to Management and Contract Administration.
Support development of new Commercial tools to improve efficiency in Excel and Power BI.
Maintain knowledge of ISO rules and proposed changes.
Manage activity in REC trading and tracking systems, including PJM GATS, NCRETS, WREGIS, and TX REC.