Sempra Energy

Energy Trading Settlements Senior I

Sempra Energy • $90K — $130K *
Houston, TX 77084In-Person
Energy & Utilities
5 - 7 years of experience
1 month ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in relevant field or equivalent experience required.
  • Minimum 5 years of related experience necessary.
  • Expertise in Energy Transaction Management essential.
  • Strong understanding of Accounts Reconciliation needed.
  • Familiarity with Regulatory Compliance is required.
  • Knowledge of General Ledger Accounting crucial.
  • Experience in Data Analysis required.

Responsibilities

  • Perform settlement and accounting for gas management transactions.
  • Review and analyze settlement statements for accuracy and compliance.
  • Collaborate with cross-functional teams to resolve settlement issues.
  • Support ETRM systems to enhance settlement processes.
  • Oversee settlement processes for multiple energy products.
  • Conduct root-cause analysis on variance and recommend actions.
  • Lead projects to improve settlement accuracy and automation.

Benefits

  • Collaborative team environment across various functions.
  • Exposure to energy market dynamics and regulatory compliance.
  • Opportunity for continuous process improvement.
  • Advanced reporting tool development and utilization.
  • Access to ongoing professional development and training.
Full Job Description
Primary Purpose
Oversees complex settlement activities across multiple energy products, analyzes variances, and leads process improvements to enhance accuracy, efficiency, and compliance within the settlement function. 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
  • Performs settlement and accounting activities related to gas management transactions, including purchases, sales, storage, transportation, optimization activities, and related fee calculations.
  • Reviews and analyzes settlement statements, invoices, and supporting documentation to ensure accuracy and compliance with contractual terms and internal controls.
  • Partners with Commercial, Risk, Operations, Tax, and Accounting teams to resolve settlement, invoicing, and contractual interpretation issues.
  • Supports the implementation, testing, enhancement, and continuous improvement of ETRM systems and related settlement processes to improve efficiency, accuracy, and control effectiveness.
  • Oversees settlement processes for multiple energy products, including energy, ancillary services, and congestion costs.
  • Analyzes settlement variances and conducts root-cause investigations, recommending corrective actions.
  • Leads small projects focused on improving settlement accuracy and automation.
  • Communicates complex settlement issues and solutions to internal stakeholders to build consensus.
  • Ensures timely and accurate execution of settlements in alignment with market timelines and contractual obligations.
  • Develops and maintains advanced reporting tools for settlement performance tracking.
  • Coordinates with internal teams to resolve routine discrepancies in settlement data.
  • Collaborates with IT and operations teams to troubleshoot system-related settlement issues.
  • 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 5 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 Energy Trading and Risk Management (ETRM) systems, including transaction lifecycle management, settlements, invoicing, and reporting processes.
  • Preferred: Knowledge of natural gas, LNG, storage, transportation, and commodity trading transactions, including contract interpretation and settlement practices.
  • Preferred: Strong analytical and problem-solving skills with the ability to reconcile large datasets and identify discrepancies.
  • Preferred: Experience with data analysis tools such as Excel, Power BI or similar reporting and automation tools.

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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