Senior Settlement Analyst (hybrid)

NiSource•Merrillville, IN

16h•$82,200 - $123,200•Hybrid

About The Position

We are open to hire at either the Senior or Lead Market Settlement Analyst level, depending on experience (salary band and job requirements listed are for senior level). This role involves identifying and understanding issues, problems, and opportunities in market settlement processes, comparing data from different sources to draw conclusions, and taking action consistent with available facts. The analyst will compile, organize, and format data for reporting, identify and research reporting issues, and assist with the adoption of new reporting requirements. A key aspect of the role is understanding the regulatory framework and rate case outcomes that drive the business, supporting regulatory initiatives by gathering data and preparing necessary documentation. The position requires a strong understanding of MISO and market settlement processes, including reconciling third-party shadow settlement systems and financial statements, designing test scripts, and performing testing of internal controls for Sarbanes-Oxley purposes. Business acumen, including a working knowledge of financial statements, metrics, and strategic initiatives, is essential, as is a general knowledge of other departments within the Energy Supply and Optimization (ES&O) organization. The role also involves documenting work fully and accurately, and taking action to improve existing processes for efficiency and effectiveness.

Requirements

Requires 4 year degree in business discipline
4-6 years experience in Finance, Accounting, Regulatory or a related field
Requires knowledge of PC applications
Knowledge proficiency of Finance and Accounting principles, including the relationships between segments of the financial statements (e.g. balance sheet, income statement, and cash flow)
Knowledge proficiency of MISO charge type, including the relationship between segments of the settlement statements (e.g. MISO markets, NIPSCO resources, NIPSCO load)
Operation of third-party shadow settlement system to understand, report and verify charges and credits submitted by MISO
Analyze information from a variety of sources to detect trends, associations, cause-effect relationships and other anomalies and make recommendations.
Effectively manages time to ensure deadlines are met and quality is achieved.
Possess an in-depth knowledge of Microsoft Excel pivot tables, macro creation, and statistical analysis, as well as, data scrubbing and creation of Power BI dashboards or other Data Analytics tools.
Presentation skills, verbal and written communication skills
Experience with writing prompts for use in Copilot

Nice To Haves

MBA
Prefer multiple functional experience

Responsibilities

Identifies and understands issues, problems, and opportunities; compares data from different sources to draw conclusions; uses effective approaches for choosing course of action or developing appropriate solutions; takes action that is consistent with available facts, constraints, and probable consequences.
Compiles, organizes and formats data, including qualitative analysis required for internal and external reporting. Identifies and researches reporting issues, provides recommendation, assists with adoption of new reporting requirements.
Recognizes situations where the regulatory framework and rate case outcomes drive our business; supports regulatory initiatives by gathering data and preparing regulatory schedules and/or preparing pro-forma calculations, testimony and data requests; assists with review and analysis of regulatory documents; appreciates the application of the regulatory construct to our business.
Understands terminology and developments related to the MISO and the market settlement process; knows how to reconcile the third-party shadow settlement system and financial statements; able to design test scripts and to perform testing of internal controls for Sarbanes-Oxley purposes; knows when to and can apply technical knowledge to processes, procedures, and tasks.
Demonstrates a working knowledge of financial statements, metrics and measures, and key strategic business initiatives; understands and utilizes economic and industry data as it relates to job responsibilities.
Demonstrates a working knowledge of the MISO transmission and energy markets. Has a general knowledge of other departments within the electric part of Energy Supply and Optimization (ES&O) organization. Collaboratively develops solutions between and within ES&O and Accounting and Rates; Verify and prepare documentation related to the cash settlement process for MISO.
Demonstrates our commitment to quality by documenting work fully and accurately.
Takes action to identify, analyze and improve existing processes within our organization to maximize opportunities for efficiency and effectiveness and meet new goals and objectives.

Benefits

As a public utility, NiSource provides essential services to customers 24/7. Emergency needs can arise at various times throughout the year, including during storm season. Employees may be required to support emergency response efforts, which could include working outside normal hours or assisting with tasks outside of typical responsibilities.
Candidates must be legally authorized to work in the United States and must not require employer sponsorship now or in the future.
We value a workplace where everyone feels respected, included, and able to do their best work. We encourage open dialogue, value different perspectives, and work collaboratively with employees, customers, and partners.
We recognize and respect the unique experiences people bring, including different backgrounds, cultures, and viewpoints. We treat others with professionalism and care, and we each play a part in creating a positive work environment.
NiSource is proud to support veterans, transitioning service members, and military spouses. We value the leadership, teamwork, and mission-focused experience the military community brings, and we are committed to providing an inclusive workplace with opportunities for professional growth and development.
NiSource is committed to providing equal employment opportunities in each of its companies to all employees and applicants for employment without regard to race, color, religion, national origin or ancestry, veteran status, disability, gender, age, marital status, sexual orientation, gender identity, sex (including pregnancy, lactation, childbirth or related medical conditions), genetic information, citizenship status, or any protected group status as defined by law. Each employee is expected to abide by this principle.
By applying, you may also be considered for other roles that match your skills and experience.
If you need a reasonable accommodation to participate in any stage of the hiring process or to perform the essential functions of the position, please contact OneHR at [email protected] or 1-888-640-3320
Safety is a core value at NiSource. Employees are expected to follow safety requirements, report hazards, and help maintain a safe environment for themselves and their coworkers.
NiSource participates in the U.S. Department of Homeland Security's E-Verify program. Please review the following notices regarding your rights and responsibilities under U.S. law.
E-Verify Poster (English and Spanish)
Right to Work Poster (English and Spanish)