Settlements Operations Analyst
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. The Settlements Analyst performs settlement calculations and responds to inquiries from the Market Participant's Account Representatives. The analyst will demonstrate knowledge and expertise in the detailed settlement calculations and will assist with projects, as necessary, to implement ERCOT's Commercial Operation Systems, including future enhancements.
Requirements
- Requires minimum 2 years job related work experience in excess of degree requirements
- Comfortable working with excel including: complex formulas, pivot tables and graphs
- Comfortable interpreting and manipulating algebraic equations
- Bachelor's Degree : Business Administration, Engineering, Mathematics, Finance or related; (Required)
- or a combination of education and experience that provides equivalent knowledge to a major in such fields is required
Nice To Haves
- Prefer experience with, or aptitude for, SQL, Visual Basic and SAS
Responsibilities
- Serves as subject matter expert for the Settlement of the ERCOT nodal market
- Develops protocol language and system requirements related to Settlements
- Demonstrates knowledge and expertise in the detailed operations of congestion, profiling, unaccounted for energy (UFE) analysis, settlement calculation and the associated grid/operational ERCOT charges
- Assists with projects, as necessary, to implement ERCOT's Commercial Operation Systems including future enhancements
- Assists with system development, product implementation, certification and testing
- Develops and maintains a strong level of understanding of the competitive energy markets
- Identifies detailed solutions and improvements to procedures and software to improve accuracy, efficiency, and timeliness
- Resolves client questions, disputes, and data errors in the operations of settlement computations
- Identifies and recommends improvements to procedures and software to improve accuracy, efficiency, and timeliness
- Assists with the day-to-day activities of the team
- Regularly updates the Senior Settlement Analyst of system issues through formal status reports as well as informally via e-mails, voice message and regular team interaction
- Responsible for notifying superiors of key issues
- Develops strong working relationships with the key staff members of the Settlement Team, and promotes similar relationships with staff members of other ERCOT departments
- Clearly communicates complex technical concepts both in a written and oral manner
- Assists in implementing the Settlement and Client Services Training Program
- Support the Settlement Team and work with peers to accomplish team objectives and ERCOT initiatives
- Has working knowledge of market and power systems and the understanding of the data elements passed from these systems to the settlement system
- Resolves client questions, disputes and data errors in the operations of settlement calculations Takes initiative to identify and recommend detailed solutions and improvements to procedures and tools that increase accuracy efficiency and timelines
- Writes and executes SQL queries to generate results used in analytical reports
- Serves on projects, as necessary, to implement ERCOT's Commercial Operation Systems including future enhancements
- Serves as a mentor for other analysts in the department
- Uses knowledge of software life cycle to complete tasks, enhance tools and ensure effective process flow
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Industry
Specialty Trade Contractors
Number of Employees
501-1,000 employees
