Settlements Director

ENGIE • Houston, TX

57d • Hybrid

About The Position

As our Power Settlements Director, you will lead the team responsible for the estimation and reconciliation of monthly gross margin across ERCOT, PJM, ISO-NE, NYISO, and MISO. In addition, you and your team will oversee the reconciliation of ISO settlement costs and customer invoice data, maintain index and pass-through billing determinants, and escalate market settlement issues as needed. You will work closely with the Accounting team to ensure the company's financial statements and balance sheet accurately reflect both estimated and actual gross margins. This position is based in Houston, TX, and reports to the Head of Business Performance.

Requirements

• You hold a Bachelor's degree in Finance, Accounting, or Business. In lieu of a degree, you have a combination of years of progressive, hands-on experience in power settlements, financial operations, and accounting processes, with a strong background in ISO market settlements, gross margin reconciliation, and data analysis to support accurate financial reporting
• A minimum of ten (10) years of retail or wholesale power experience
• You have a strong background in retail settlements, portfolio management, margin analysis, or financial analysis
• You are knowledgeable in ISO and wholesale trade settlements, with the ability to interpret and reconcile complex market data
• You have proven leadership experience, successfully managing teams in fast-paced, deadline-driven environments
• You are an independent thinker, confident in presenting and defending your analyses and recommendations
• You have exceptional attention to detail, strong follow-up skills, and excellent verbal and written communication abilities
• You are proficient in Microsoft Office Suite, with working knowledge of MS SQL, Oracle SQL, Siebel CRM, and Lodestar LPSS

Responsibilities

• Direct preparation of the month end Gross Margin Estimate, communicate to GBS Accounting for booking, and ensure entries are correct in the financial and accounting systems
• Direct preparation of monthly revenue & COGS variance analyses (estimates vs. actuals), including price and volume analyses and others as required
• Provide reporting and analysis to management and stakeholders on the monthly gross reconciliation. Explain variances, propose solutions/actions, and follow-up on agreed remediations or enhancements
• Direct detection and follow-up of customer invoicing issues
• Direct detection and follow-up of customer usage and revenue forecasting issues
• Direct maintenance (and creation, as needed) of market index or pass-through product billing determinant price curves
• Work closely with Operations Billing team to ensure accurate invoicing of customers on index or pass-through products
• Direct tracking, analysis, and reporting of index and pass-through product margin impacts and long-term neutrality
• Direct the the validation ISO invoices; reconcile charges and/or data to our internal systems, including clarifying or disputing invoices with the ISOs or counterparties if warranted
• Direct preparation of actual revenue and COGS results and communicate to GBS Accounting to facilitate calendarized GL entries
• Work closely with IT to support forecast quantity and revenue reliability and data integrity
• Work closely with Energy Managment Settlement team on the ISO settlement process
• Work closely with GBS Accounting for Energy Management on the wholesale counterparty settlement process
• Work closely with Portfolio Management, Pricing, Operations, IT, and vendors to ensure accurate system data, reliable processes, and well coordinated and complimentary business processes
• Provide cross-functional support to peers and departments to develop best-in-class end-to-end delivery processes
• Provide access to settlements data in a user friendly manner for all stakeholders
• Maintain ISO and market knowledge and stay apprised of regulatory issue

Benefits

• comprehensive benefits package includes options for medical, dental, vision, life insurance, employer-paid short-term and long-term disability insurance, ESPP, generous paid time off including wellness days, holidays and leave programs
• 401(k) Retirement Savings Plan with a company match
• supplemental benefits for full time employees that enhance emotional and physical well-being through all stages of life from family forming to caregiver benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Industry: Merchant Wholesalers, Nondurable Goods
• Number of Employees: 5,001-10,000 employees