Senior Settlements Analyst

Calpine•San Diego, CA

3d•$70,304 - $99,062

About The Position

This position will be responsible for monitoring of ISO/RTO market settlements for the assigned market(s) and will partner with leadership to develop and maintain financial models that provide financial visibility across our portfolio and will report directly to the Manager of Market Settlements.

Requirements

Master’s degree in Math, Business, Engineering, Finance or Accounting, plus 2-3 years of relevant work experience, energy industry preferred (or)
Bachelor’s degree in Math, Business, Engineering, Finance or Accounting, plus 4-5 years of relevant work experience, energy industry preferred.
Effective communication skills both written and oral
Strong analytical, critical thinking, problem solving and statistical skills
Excellent computer skills with an emphasis on Excel, Word and VBA
Basic understanding of ISO Settlements, tools, applications, etc.

Responsibilities

Shadow settle ISO/RTO invoices and identify any non-routine charges or unique agreements and develop processes for systematic reconciliation.
Monitor and understand costs associated with positions within the market(s) and ensure internal processes properly account for those costs (Pricing, Risk, Billing, Accounting).
Resolve invoice reconciliation discrepancies with external counterparties and internal scheduling and trading teams; ensure accuracy of activities recorded in trading system.
Understand settlement rules, timelines and supporting files, validate and reconcile the ISO/RTO market settlement statement, invoices and settlement detail to ensure that new and revised charges are configured in accordance with published Business Practice Manuals and Tariffs.
Quarterly filing of FERC EQR.
Participate in ISO/Regulatory calls as necessary to monitor and understand market changes.
Acting as a change agent to identify and implement process improvements to promote best practices for their market.
Provide timely and accurate information to both external and internal customers.
Meets timelines for various deliverables while maintaining excellent quality of work product.
Assist organization's accounting and operations teams in the development of corporate financial requirements and with month-end close and forecasting process.
Collaborate with Accounting, Risk, Billing and Structuring teams to automate and support business intelligence reporting.
Prepare and analyze reports in areas such as forecasts, statistical reports, cash flow projections, and other financial reporting.
Provides support to accounting team during monthly close cycles as needed.
Work and communicate with various internal groups to compile and analyze data, including Contract Administration, Front and Middle Offices, Accounting, Financial Reporting, Treasury, Credit, Information Technology (IT) and Legal.
Review utility/ISO tariffs and document specific rules relating to adjustments of metered load prior to settlement including but not limited to PLC/NSPL models, load profiles, loss factors and unaccounted for energy.
Set up and maintain updated load profile and loss factor data in all the pricing and billing databases.