5-7 years of experience in power market operations, particularly in ISO settlements
Hands-on familiarity with ISO portals and reconciliation processes
Strong knowledge of ETRM systems relevant to power market operations
Understanding of US power markets and ISO settlement processes
Preferred experience with ERCOT; knowledge of PJM/MISO is a bonus
Familiarity with bid-to-bill tools and power scheduling workflows
Responsibilities
Act as the primary contact for operational activities related to ISO settlements
Validate schedules and confirmed volumes for consistency with executed trades
Provide weekend coverage to meet operational needs
Perform regular reconciliation of ISO settlements, validating volumes and prices
Ensure IS0 data aligns with ETRM through ongoing updates and reconciliations
Investigate and resolve discrepancies in settlements alongside various teams
Maintain thorough documentation and controls for audit readiness
Benefits
Generous employee benefits package
Eligibility for a discretionary bonus
Opportunities for professional growth and evolution in responsibilities as the company expands
Supportive environment for process improvement and automation initiatives
Full Job Description
Power Market Operations & Settlements Analyst (New York, NY)
Job Description
Act as primary point of contact for ISO operational activities, with a focus on settlement validation, reconciliation, and issue resolution
Validate submitted schedules and confirmed volumes, ensuring consistency with executed trades
Provide weekend coverage as needed for scheduling-related activities to support business and operational requirements
Perform daily, weekly, and ad hoc reconciliation of ISO settlements, including validation of:
Volumes (forecast vs actual vs scheduled)
Prices (RT/DAM components, imbalance charges)
Settlement charges and adjustments
Ensure alignment between ISO data and ETRM:
Update actual quantities
Reconcile positions and settlement outputs
Support daily/weekly ISO settlement cycles and payment readiness
Investigate and resolve settlement discrepancies and resettlements in coordination with ISO, counterparties, and internal teams
Maintain audit-ready documentation and controls across settlement and reconciliation processes
Support gradual improvement of processes, tools, and automation initiatives (ETRM / Bid-to-Bill / ISO integration)
Over time, the role is expected to evolve alongside business expansion, with potential exposure to broader power operations and scheduling activities
Requirements
Strong understanding of US power markets, with emphasis on ISO settlement processes
Hands-on experience with:
ISO portals
Settlement statements and reconciliation
Experience working with ETRM systems
Preferred
Experience in ERCOT (strongly preferred); PJM/MISO a plus
Exposure to ISO Virtual Transactions and Congestion Products
Experience with TriplePoint CXL is a plus
Familiarity with bid-to-bill tools (Adapt2, PCI, OATI, etc.)
Understanding of power scheduling workflows and concepts (volume confirmations, e-tagging)
Exposure to collateral / credit monitoring in ISOs
Experience with FERC and EIA reporting requirements
Compensation
The expected base salary ranges from $95K -$125K. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.
