What are the responsibilities and job description for the Settlements Analyst - Power Markets position at Trafigura?
Main Purpose:
Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world. The trading business is supported by industrial and financial assets, including a 72 percent ownership in global oil products storage and distribution company Puma Energy; global terminals, warehousing, and logistics operator Impala Terminals; Trafigura's Mining Group; and the private investment arm Galena Asset Management.A career at Trafigura offers a gateway to working on some of the most exciting challenges of a constantly evolving world – from helping to optimise supply chains to developing infrastructure and new markets. In a culture that is founded on openness and energy, our people work as part of a multinational, globally connected team and thrive in a fast-paced environment where they can nurture and commercialize bold ideas. Everyone has a voice and is empowered to collaborate across geographies and fields to help craft our business and the wider world. We know the importance and value of diversity in our company, and we invest in attracting, developing and retaining talent from all backgrounds.
Co-ordinates and executes all aspects of the Accounts Payable and Receivables for US Power. Ensures payment execution runs smoothly and systems correctly reflect Settlement status at all times. Effectively communicates to all internal and external stakeholders, and able to pro-actively resolve Settlement related issues in a timely manner.
Knowledge Skills and Abilities, Key Responsibilities:
Knowledge Skills and Abilities, Key Responsibilities:
- Commodities exchanges, ISO/RTOs and power master agreements – ISDA, EEI and WSPP
- Commodity products – Power, Natural Gas, Carbon, and Weather Derivatives
- Confirmations process and workflows
- ISO/RTO and bilateral settlement processes and timelines
- ISO/RTO data extracts for billing and settlements
- Complex structured transactions and options
Abilities, Experience and Qualifications
- 3 years of settlements experience with ISO/RTOs and bilateral counter parties
- Ability to reconcile ISO/RTO invoices – ISO-NE, NYISO, PJM, MISO, SPP, ERCOT and CAISO
- Ability to navigate physical tagging and ISO/RTO data extracts.
- Ability to continue both education and IT enhancements in an effort to drive efficiency in processes and procedures.
- Appropriately assess risk when business decisions are made
- Ongoing collaboration with other functional teams – trading, operations, accounting, trade finance, management etc.
- Document and modify documentation of all settlement’s processes and procedures.
- Continued review, documentation and education of changing ISO/RTO and bilateral settlements procedures
- Ability to work in both a fast-paced and deadline driven environment.
- Confidence and accountability in decision making.
- Allegro ETRM system experience is a plus.
- PowerOptix experience is a plus.
- VBA and programming experience is a plus.
Key Relationships and Department Overview:
This role reports into the Global Head of Settlements