Settlements Account Analyst

Talen Energy•Houston, TX

1d•Onsite

About The Position

Reporting to the Manager, Commercial Accounting and Settlements, we are seeking a motivated and experienced accounting/settlements professional to join our Commercial Accounting and Settlements team in Houston, Texas. This role is a critical part of the Accounting and Finance organization and is responsible for accounting, settlement, reporting, and analytical activities supporting Talen Energy's commercial and energy marketing operations. The position offers broad exposure to energy markets, commercial transactions, financial reporting, regulatory requirements, and cross-functional business processes. The successful candidate will develop deep expertise in assigned business areas and will work closely with Commercial, Accounting, Treasury, Legal, Information Technology, and other cross-functional teams. This individual will also play an active role in strengthening internal controls, improving processes, and supporting evolving business needs.

Requirements

Bachelor's degree in Accounting, Finance, or a related field required.
Two or more years of progressive experience in the energy, power generation, or related industry preferred.
Strong analytical and problem-solving skills, with an ability to identify issues, evaluate alternatives, and drive solutions.
Ability to understand complex concepts and clearly communicate key conclusions to a variety of audiences.
Strong written and verbal communication skills, including the ability to prepare reports and present ideas clearly and concisely across all levels of the organization.
Motivated, self-directed, and results-oriented, with a strong sense of ownership and accountability.

Nice To Haves

Demonstrated commitment to integrity, accuracy, and achievement of departmental and business objectives.
Strong interpersonal skills and the ability to collaborate effectively across functional teams.
Ability to manage multiple responsibilities, prioritize competing demands, and deliver high-quality work under compressed timelines.
Ability to succeed in a fast-paced, evolving business environment.
Proficiency in Microsoft Office, with advanced Excel skills, including PivotTables, lookup functions, and complex formulas.
Experience with organized power markets, including PJM and ERCOT, preferred.
Experience working with databases and performing basic SQL queries is a plus.

Responsibilities

Own key components of the monthly accounting close for physical and financial wholesale power, natural gas, and fuel transactions, including the preparation, review, and recording of journal entries.
Perform settlement activities for wholesale and retail power, natural gas, and fuel transactions, ensuring accurate and timely billing and accounting.
Partner with counterparties and internal stakeholders to investigate and resolve billing discrepancies, settlement issues, and past-due receivables.
Review and analyze contracts to understand commercial terms, settlement requirements, and accounting implications.
Prepare and analyze balance sheet account reconciliations and period-over-period fluctuations, identifying key drivers and clearly communicating results to management.
Prepare weekly cash forecasts to support Treasury's liquidity planning and cash management activities.
Develop, document, and continuously improve procedures and controls to ensure accounting and settlement activities are completed accurately and on schedule.
Prepare quarterly balance sheet fluctuation analyses, identify significant period-over-period changes, and present findings to management.
Prepare supporting schedules, workpapers, and documentation in response to quarterly audit requests.
Assist with the preparation and review of FERC Electric Quarterly Report (EQR) filings and other regulatory reporting requirements.
Collaborate with Accounting, Commercial, Treasury, Legal, and other business functions to ensure financial and regulatory reporting is accurate, complete, and timely.
Work closely with Contract Administration, Front and Middle Offices, Accounting, Financial Reporting, Settlements, Treasury, Credit, Information Technology, Legal, and other business partners to compile, analyze, and communicate financial and operational information.
Build strong working relationships across the organization to resolve issues, support business initiatives, and improve the flow of information between Commercial and Accounting teams.
Identify and implement opportunities to streamline processes, improve controls, increase efficiency, and promote best practices across accounting and settlement activities.
Support system enhancements, new business initiatives, and other projects that impact Commercial Accounting and Settlements.
Serve as a point of contact for assigned audit requests and work directly with internal and external auditors to provide supporting documentation, explain processes, and resolve questions in a timely manner.