What are the responsibilities and job description for the Energy Commodity Settlements Analyst position at Robert Half?
Job Description
Job Description
Robert Half is partnering with one of their utility clients on their recruitment efforts to find a full-time, direct hire, fully remote Energy Commodity Settlements Analyst to join their team. Your primary role will involve processing energy settlements, verifying transactions, conducting analytical research, and performing quantitative analysis.
Responsibilities
- Utilize your knowledge in the North American power and natural gas markets, including renewable energy industry, to process energy settlements for wind, solar, battery storage, or other associated projects.
- Ensure all MISO invoices align with existing tariffs and business practices, including wholesale sales, purchases, and transmission.
- Conduct analytical research to identify the root cause of settlement discrepancies and provide solutions.
- Handle 3rd party sales and purchases for power and capacity, ensuring all transactions are accounted for accurately.
- Verify gas trade transactions and calculate volumes, usage, storage, transportation tariffs, etc., to settle monthly natural gas transactions.
- Conduct credit risk analysis of counterparties to ensure financial stability.
- Collaborate with the Michigan Public Power Association on shared energy projects and reconcile invoices associated with such projects.
- Perform advanced financial, economic, and statistical analysis relating to the impacts of fuel, purchased power activities, and other wholesale market activities.
- Use Microsoft Excel to create spreadsheets that require advanced formulas for desired results.
- Prepare monthly journal vouchers for General Accounting that affect financial statements and perform other accounting, accounts payable, and cash flow duties.
- Reconcile all wholesale and purchased power accounts each month and prepare a budget to actual report explaining variances.
- Stay updated on MISO rule changes affecting settlement results and apply the language agreed to in energy contractual requirements for pricing, data collection, rates, and reconciliation.
- Utilize several web or pc-based applications to support Bulk Power functions.
- Ensure work is performed with consistency and quality, supporting the organization by creating ad hoc reports (e.g., generation, finance, budgeting, natural gas, etc.).
- Bachelor’s degree in finance or accounting preferred but will accept Renewable Energy, Economics, Mathematics, Statistics, Information Technology, Engineering, or a related field with previous accounting or financial analysis experience.
- Three to five years of experience working in Settlements or a related field.
- Intermediate to expert level Excel skills. Must be able to exhibit solid understanding of Excel formulas.
- An understanding of energy commodity markets.
- Strong quantitative, analytical, and problem-solving skills and good attention to detail with the ability to organize and analyze large quantities of data.
- Work with other settlements team members, operators, and traders to resolve discrepancies.
- Experience with analysis of variances between actual and expected revenues and expenses.
- Timely and accurate settlement of physical and financial energy trading activity including the resolution of aged balances.
- Resolve and explain prior period adjustments.
- NERC background check required.
