Sempra Energy

Energy Trading Settlements Associate II

Sempra Energy • $70K — $95K *
Houston, TX 77084In-Person
Energy & Utilities
Less than 5 years of experience
2 weeks ago
Job Overview by Ladders

Qualifications

  • 4-year degree in relevant field or equivalent experience
  • 2 years of related experience
  • Knowledge of Energy Transaction Management
  • Experience in Accounts Reconciliation
  • Understanding of Regulatory Compliance
  • General Ledger Accounting proficiency
  • Strong Data Analysis skills
  • Contract Management capability
  • Ability to perform Variance Analysis
  • Experience with Financial Reporting

Responsibilities

  • Prepare settlement calculations and invoice support for gas transactions
  • Support month-end close activities and reporting
  • Enhance ETRM systems and settlement processes for efficiency
  • Reconcile trade details across energy markets
  • Resolve settlement discrepancies with various stakeholders
  • Update settlement systems with corrected trade details
  • Ensure compliance with regulatory requirements during settlements
  • Prepare reports for stakeholders and counterparties
  • Monitor settlement timelines for task completion
  • Participate in testing new settlement tools

Benefits

  • Collaborative work environment with cross-functional teams
  • Exposure to evolving processes and market dynamics
  • Opportunities for continuous improvement and professional growth
  • Involvement in strategic accounting topics
  • Participation in testing and enhancing settlement systems
Full Job Description
Primary Purpose
Executes settlement processes for energy transactions by reconciling trade data, resolving discrepancies, and preparing reports, contributing to operational accuracy and adherence to regulatory and contractual requirements. The position is part of a collaborative accounting team supporting commodity and derivative activities across energy markets, including natural gas, and other related products. The team works closely with cross-functional partners, including Risk, Commercial, and Operations. The environment offers exposure to evolving processes, market dynamics, and technical accounting topics.

Duties and Responsibilities
  • Prepares settlement calculations, invoice support, and support account reconciliations for gas purchases, sales, storage, transportation, and related activities.
  • Supports month-end close activities and reporting requirements
  • Supports the implementation, testing, enhancement, and continuous improvement of ETRM systems and related settlement processes to improve efficiency, accuracy, and control effectiveness.
  • Performs detailed reconciliation of trade details across regional energy markets and bilateral agreements.
  • Investigates and resolves settlement discrepancies by working with traders, schedulers, and counterparties.
  • Updates settlement systems to reflect corrected trade details and pricing adjustments.
  • Ensures compliance with internal controls and regulatory requirements during settlement processing.
  • Prepares settlement reports for internal stakeholders and external counterparties.
  • Monitors settlement timelines to ensure timely completion of all tasks.
  • Participates in testing of new settlement tools or system enhancements.
  • Communicates moderately complex settlement issues clearly to cross-functional teams.
  • Performs other duties as assigned.


Required Qualifications

Education
  • Required: Typically requires a 4 year degree in a relevant field, or equivalent combination of relevant education and experience.

Experience
  • Required: Typically requires 2 years of related experience.

Knowledge, Skills and Abilities
  • Required: Energy Transaction Management - Managing the purchase or sale of a specified quantity of energy at a known transaction point or through an organized market.
  • Required: Accounts Reconciliation - Comparing sets of financial records to ensure accuracy and prevent balance sheet errors.
  • Required: Regulatory Compliance - Ensuring an organization's adherence to laws, regulations, guidelines and specifications relevant to its business processes.
  • Required: General Ledger Accounting - The record-keeping system for a company's financial data, with debit and credit account records validated by a trial balance.
  • Required: Documentation and Records Management - Creating, distributing, using, maintaining and disposition of recorded information maintained as evidence of business activities and transactions.
  • Required: Data Analysis - Measuring and managing organization data, identifying methodological best practices and conducting statistical analyses.
  • Required: Contract Management - Streamlining the creation, execution, storage or renewal of contracts, with a focus on compliance, often via software or other automated means.
  • Required: Variance Analysis - Analyzing the difference between actuals and some predetermined measure such as a budget, plan or rolling forecast.
  • Required: Financial Reporting - Financial reporting is a standard accounting practice that uses financial statements to disclose a company's financial information and performance over a particular period, usually on an annual or quarterly basis.
  • Required: Energy Scheduling - The logistical planning of physical power flows by an operator in the power market.

Preferred Qualifications
  • Preferred: Experience with ETRM, ERP, or commodity management systems and related settlement or accounting processes.
  • Preferred: Knowledge of commodity trading, energy marketing, natural gas, LNG, or transportation settlement activities.
  • Preferred: Analytical skills with the ability to work with large datasets, perform reconciliations, and identify variances.

About Sempra Energy

Sempra Energy was created in 1998 by a merger of parent companies of two long-established, and highly respected, investor-owned utilities with rich histories dating back more than a century. Sempra Energy was founded to capitalize on new opportunities in competitive energy markets. The company’s ongoing focus is to enhance shareholder value and meet customer needs by sustaining the financial strength, operational flexibility and skilled workforce needed to succeed in rapidly changing market conditions. Sempra Energy is a Fortune 500 energy services company, based in San Diego, Calif., that combines deep industry expertise with rigorous risk management to deliver superior shareholder returns. In 2013, Sempra Energy produced revenues of approximately $10.5 billion.

Sempra Energy Careers

Join the dynamic team at Sempra Energy, a leader in the energy sector, where innovation, leadership, and a commitment to diversity and sustainability drive us forward. At Sempra Energy, we offer more than just job opportunities; we provide a platform for professional growth and a chance to be part of a future-focused company that values each member of its team.

Work You’ll Do

At Sempra Energy, every position plays a crucial role in shaping the future of energy. By joining our team, you will collaborate with skilled professionals dedicated to pioneering solutions in energy efficiency and resource management. Our culture thrives on innovation and leadership, empowering every employee to contribute to our mission of delivering energy with purpose.

Explore Sempra Energy’s Career Opportunities

Whether you are seeking your first internship or a seasoned professional looking to advance your career, Sempra Energy offers a range of employment opportunities across various disciplines. Our hiring process is designed to identify and nurture talent, focusing on matching your skills and interests with the right career paths within our company.

Professional Growth and Development

Sempra Energy is committed to the professional development of its employees. We offer comprehensive benefits, diversity training, and leadership programs that encourage career advancement and personal growth. Our commitment to your success is reflected in our robust training programs and our focus on nurturing leadership qualities in every team member.

Innovation and Team Collaboration

Join a team where innovation is at the heart of everything we do. At Sempra Energy, you’ll work on projects that challenge the status quo and push the boundaries of what is possible in the energy sector. Our collaborative environment encourages networking and idea-sharing, ensuring that every voice is heard and valued.

Internship Programs and Entry-Level Positions

Kickstart your career with Sempra Energy through our internship programs or entry-level positions. These opportunities provide hands-on experience and a glimpse into the culture and operations of a leading energy company. Interns and new hires are integral to our team, bringing fresh perspectives and enthusiasm to our projects.

Benefits of Working at Sempra Energy

Choosing a career at Sempra Energy means enjoying a range of benefits designed to support your lifestyle and well-being. From health and wellness programs to flexible work schedules and competitive compensation packages, we prioritize the well-being of our employees. Our inclusive culture fosters a sense of belonging and encourages diversity in ideas and solutions.

Stay Connected with Sempra Energy Careers

Stay ahead in your career by connecting with Sempra Energy. Explore our current job openings, read about our company culture and employee experiences, and find tips for your resume and interview preparation on our careers page. Personalize your job search and receive alerts for new positions that match your skills and interests.

Join Our Team

Search for open positions at Sempra Energy that align with your skills and career ambitions. We are looking for passionate, curious, and innovative team players who are ready to make a difference in the energy sector. Explore the exciting and rewarding career opportunities awaiting you at Sempra Energy.

SEARCH SEMPRA ENERGY JOBS

Keep up to date with the latest in career opportunities and company news by visiting our careers blog and signing up for job alert emails tailored to your preferences. At Sempra Energy, your career journey is just beginning, and the opportunities are limitless.
Learn more about Sempra Energy
Size
15,390 employees
Market Cap
$49.7 billion
Industry
Energy & Utilities
Net Income
$3.9 billion
Founded
1996
5 Year Trend
+4.7%
Revenue
$11.3 billion
NASDAQ
SRE
* Ladders Estimates

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