Settlements Analyst

Electric Reliability Council of Texas • Taylor, TX

2d • Hybrid

About The Position

At ERCOT, our diverse and dynamic work environment provides a platform on which employees can work together to build the future of the Texas power grid and wholesale market utilizing the latest technologies and resources. We encourage you to join our talented, dedicated workforce to develop world-class solutions for today and tomorrow’s energy challenges while learning new skills and growing your career. ERCOT is committed to fostering inclusion at all levels of our company. It is the cornerstone of our corporate values of accountability, leadership, innovation, trust, and expertise. We know that individuals with a wide variety of talents, ideas, and experiences propel the innovation that drives our success. An inclusive and diverse workforce strengthens us and allows for a collaborative environment to solve the challenges that face our industry today and in the future. JOB SUMMARY The Settlement Analyst performs settlement calculations for the ERCOT nodal market and responds to inquiries from Market Participants' Account Representatives. Analysts build deep expertise in settlement calculations and support projects to implement and enhance ERCOT's Commercial Operations Systems. Serves as the subject matter expert for settlement of the ERCOT nodal market. Develops protocol language and system requirements related to Settlements. Creates test cases, test scripts, test data, and validation tools (using SAS) to test changes to the settlement system.

Requirements

• Bachelor's degree in Business Administration, Engineering, Mathematics, Finance, or a related field (required), or an equivalent combination of education and experience.
• No minimum work experience beyond degree requirements (Level I).
• Minimum 2 years of relevant work experience beyond degree requirements (Level II).
• Minimum 5 years of relevant work experience beyond degree requirements (Senior Level).

Nice To Haves

• Proficient in Excel, including complex formulas, pivot tables, and graphs.
• Comfortable interpreting and manipulating algebraic equations.
• Experience with, or aptitude for, SQL, Visual Basic, and SAS.

Responsibilities

• Performs settlement calculations for the ERCOT nodal market and responds to inquiries from Market Participants' Account Representatives.
• Builds deep expertise in settlement calculations and supports projects to implement and enhance ERCOT's Commercial Operations Systems.
• Serves as the subject matter expert for settlement of the ERCOT nodal market.
• Develops protocol language and system requirements related to Settlements.
• Creates test cases, test scripts, test data, and validation tools (using SAS) to test changes to the settlement system.
• Assists with projects, as necessary, to implement ERCOT's Commercial Operations Systems, including future enhancements.
• Assists with system development, product implementation, certification, and testing.
• Develops and maintains a strong understanding of the competitive energy markets.
• Identifies and recommends improvements to procedures and software that increase accuracy, efficiency, and timeliness.
• Writes and executes SQL queries to generate results for analytical reports.
• Writes and executes SAS code to certify system changes and verify calculations from the production system.
• Resolves Market Participant questions, disputes, and data errors related to settlement computations.
• Assists with day-to-day team activities.
• Keeps the Senior and/or Lead Settlement Analyst informed of system issues through formal status reports and informal updates (email, team discussion).
• Notifies leadership of key issues in a timely manner.
• Builds strong working relationships with Settlement Team members and colleagues across ERCOT departments.
• Clearly communicates complex technical concepts, in writing and verbally, to both technical and non-technical audiences.
• Supports the Settlement Team and collaborates with peers to meet team objectives and ERCOT initiatives.
• Maintains working knowledge of market and power systems, and understands how data elements flow from these systems into the settlement system.
• Demonstrates advanced knowledge and expertise in detailed settlement calculations (Level II).
• Takes initiative to identify and recommend solutions and improvements that increase accuracy, efficiency, and timeliness (Level II).
• Serves on projects to implement ERCOT's Commercial Operations Systems, including future enhancements (Level II).
• Mentors other analysts within the department (Level II).
• Applies knowledge of the software development lifecycle to complete tasks, enhance tools, and support effective process flow (Level II).
• Provides on-the-job training and oversees the work of other analysts (Senior Level).
• May lead projects to implement ERCOT's Commercial Operations Systems, including future enhancements (Senior Level).
• Ensures the quality of deliverables and artifacts produced by Settlement Analysts (Senior Level).
• Supports the Lead Settlement Analyst with day-to-day team activities (Senior Level).

Benefits

• Flexible scheduling
• On-site schedules are flexible and may be adjusted based on business needs, as determined by the Manager
• Remote work must be performed from the employee's Texas residence
• Employees may choose to work on-site more than required, up to full-time

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level