Calpine

Senior Settlements Analyst

Calpine$70K — $99K *
Energy & Utilities
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Master's degree in Math, Business, or Engineering and 2-3 years of energy industry experience, or Bachelor's degree and 5-6 years of experience.
  • Strong communication skills, both written and oral.
  • Proficient analytical, critical thinking, and problem-solving abilities.
  • Advanced computer skills, particularly in Excel, Word, and VBA.
  • Basic knowledge of ISO Settlements and related tools and applications.

Responsibilities

  • Monitor ISO/RTO market settlements and develop systematic reconciliation processes.
  • Analyze costs associated with market positions and ensure proper internal accounting.
  • Resolve discrepancies in invoices with external and internal teams to ensure accuracy.
  • Validate and reconcile ISO/RTO market settlement statements in accordance with published manuals and tariffs.
  • Participate in regulatory calls for insights on market changes.
  • Identify and implement process improvements for best practices in market operations.
  • Provide timely, accurate information to both internal and external stakeholders.

Benefits

  • Collaborate with multiple teams, enhancing cross-departmental knowledge.
  • Engagement in market regulatory calls offers direct industry insight.
  • Opportunities for process improvement initiatives enhance role impact.
  • Exposure to various financial reporting and forecasting tasks increases skill set.
Full Job Description
Job Summary(includes but is not limited to the following, other duties may be assigned)

This position will be responsible for monitoring of ISO/RTO market settlements for the assigned market(s) and will partner with leadership to develop and maintain financial models that provide financial visibility across our portfolio and will report directly to the Manager of Market Settlements.

Job Responsibilities

Market Settlements:

  • Shadow settle ISO/RTO invoices and identify any non-routine charges or unique agreements and develop processes for systematic reconciliation.
  • Monitor and understand costs associated with positions within the market(s) and ensure internal processes properly account for those costs (Pricing, Risk, Billing, Accounting)
  • Resolve invoice reconciliation discrepancies with external counterparties and internal scheduling and trading teams; ensure accuracy of activities recorded in trading system.
  • Understand settlement rules, timelines and supporting files, validate and reconcile the ISO/RTO market settlement statement, invoices and settlement detail to ensure that new and revised charges are configured in accordance with published Business Practice Manuals and Tariffs.
  • Quarterly filing of FERC EQR.
  • Participate in ISO/Regulatory calls as necessary to monitor and understand market changes.
  • Acting as a change agent to identify and implement process improvements to promote best practices for their market.
  • Provide timely and accurate information to both external and internal customers.
  • Meets timelines for various deliverables while maintaining excellent quality of work product.


Retail Structuring/Accounting/Billing:

  • Assist organization's accounting and operations teams in the development of corporate financial requirements and with month-end close and forecasting process
  • Collaborate with Accounting, Risk, Billing and Structuring teams to automate and support business intelligence reporting.
  • Prepare and analyze reports in areas such as forecasts, statistical reports, cash flow projections, and other financial reporting.
  • Provides support to accounting team during monthly close cycles as needed.
  • Work and communicate with various internal groups to compile and analyze data, including Contract Administration, Front and Middle Offices, Accounting, Financial Reporting, Treasury, Credit, Information Technology (IT) and Legal


Capacity/Transmission Obligation Modeling, Load Shaping and Line Losses:

  • Review utility/ISO tariffs and document specific rules relating to adjustments of metered load prior to settlement including but not limited to PLC/NSPL models, load profiles, loss factors and unaccounted for energy.
  • Set up and maintain updated load profile and loss factor data in all the pricing and billing databases


Job Requirements

  • Master's degree in Math, Business, Engineering, plus 2-3 years of energy industry work experience (or)
    Bachelor's degree in Math, Business, Engineering, plus 5-6 years of energy industry work experience
  • Effective communication skills both written and oral
  • Strong analytical, critical thinking, problem solving and statistical skills
  • Excellent computer skills with an emphasis on Excel, Word and VBA
  • Basic understanding of ISO Settlements, tools, applications, etc.


Salary Range

$70,304 - $99,062

Additional Calpine Information:

About Calpine

Calpine Corporation is a power generation company headquartered in Houston, Texas. Calpine's fleet of natural gas-fired and geothermal power plants has a combined generating capacity of approximately 26,000 megawatts. Calpine sells wholesale power and other energy-related services to utilities, independent electric system operators, industrial and commercial customers, and retail power providers. The company was founded in 1984 and went public in 1996. In 2018, Calpine was acquired by Energy Capital Partners and a consortium of investors.
Learn more about Calpine
Industry
Founded
1984

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