Senior Settlements Analyst

Iberdrola • $107K — $126K *
Boston, MA 02115In-Person
Energy & Utilities
5 - 7 years of experience
Reposted Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in business, finance, or accounting with a strong financial analysis background.
  • 5 years' experience in the energy industry or relevant experience (less experience may be considered at a lower level).
  • Self-motivated individual capable of managing multiple priorities and deadlines.
  • Strong verbal and written communication skills.
  • Thorough knowledge of one or more information systems.

Responsibilities

  • Analyze and reconcile company trading books for complex power transactions.
  • Resolve discrepancies to ensure accurate trading positions and pricing.
  • Break down complex trading and asset contracts for accurate settlements.
  • Prepare monthly power trading book forecasts for financial reporting.
  • Develop and maintain advanced spreadsheet models for energy asset valuation.
  • Manage energy contracts to ensure compliance with provisions.
  • Collaborate with internal departments on implementation issues and contract negotiations.
  • Monitor market performance related to trading operations and settlements.
  • Translate policy changes into market settlement infrastructure design.
  • Guide team members in identifying and solving systemic data issues.

Benefits

  • Opportunity to work with a leading company in the energy sector.
  • Engagement in complex, impactful projects within power trading.
  • Employee assistance program and support for work-life balance.
  • Commitment to diversity and inclusion in the workplace.
Full Job Description
The base salary for this position is dependent upon experience and location.

Location: Boston, MA

Salary range: $107,000 to $126,000

Job Summary

This role is responsible for the timely and accurate settlement of power purchase and sales transactions, including the analysis and reconciliation of contractual information and data, evaluation of systems capabilities, as well as the development of tools and procedures to handle new or non-standard transactions.

Key Responsibilities
  • Provide detailed analysis in reconciliation and settlement of company trading books for a variety of complex power transactions including tolling, capacity, firming and shaping, transmission, balancing, and bucket deals
  • Analyze and resolve discrepancies to ensure trading books reflect final trading positions and prices
  • Decompose complex trading and asset contracts in order to account for and settle component parts
  • Assist with preparation of monthly power trading book forecasts for inclusion in companies flash operating results and general ledger month-end closing
  • Develop, enhance, and maintain sophisticated spreadsheet models used to value energy assets and contracts
  • Manage a number of energy contracts and ensure all activities are in compliance with contract provisions
  • Work closely with internal departments on implementation issues and participate in contract negotiations representing settlements as needed
  • Monitor and analyze market performance and market updates related to trading operations and settlements
  • Translate ISO policy changes into market settlement infrastructure design and processes
  • Guide team members in identifying root causes of systemic data issues and recommends solutions
  • Assist with preparing and managing daily margin status and agreements for power
  • Provide assistance to Settlements Manager in evaluating and testing system enhancements and other matters as requested
  • Adhere fully to internal controls and continually assess control design and effectiveness
  • Demonstrated ability to structure a data analysis project and deliver against specific project goals
  • Maintain thorough understanding of company's energy management systems and develop tools necessary to enhance capabilities or mitigate deficiencies as necessary


Required Qualifications
  • Bachelor's degree in business, finance, accounting or related field with a strong background in financial analysis or the equivalent combination of education and experience
  • 5 years' experience in the energy industry or other applicable work experience relevant to responsibilities of this position (the company may consider a candidate with less experience at a lower level)
  • Must be a self-starting and motivated individual who is able to effectively manage priorities while meeting deadlines for deliverables
  • Strong verbal and written communication skills with a proven ability to communicate effectively at all levels
  • Thorough knowledge and previous experience with one or more information systems


Preferred Qualifications
  • Advanced excel skills
  • A knowledge and understanding of the electricity industry or other similar business
  • Thorough knowledge of energy systems performing energy analyses for renewable energy market in organized power pools such as ERCOT, MISO, CAISO, and PJM


Competencies
  • Growth & Continuous Improvement
  • Initiative & Change
  • Focused on Results
  • Customer Centric (internal and/or external)
  • Communication
  • Collaboration
  • Leadership (people managers/leaders)


Job Posting End Date:
October-30-2026

About Iberdrola

Iberdrola Careers

Joining Iberdrola presents a prime opportunity to be part of a global team of professionals dedicated to powering a sustainable future. As a leader in renewable energy, Iberdrola is at the forefront of driving innovation and growth in the energy sector.

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Iberdrola offers a range of job opportunities that allow individuals to contribute to the transformation of the energy industry. From engineering to business development, Iberdrola is hiring talented professionals who are passionate about sustainability and innovation.

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At Iberdrola, career growth is fostered through a culture of leadership, diversity, and continuous learning. Employees are encouraged to expand their skills through professional development and diversity training programs that support both personal and professional growth.

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Iberdrola's internship programs provide a robust platform for students to gain hands-on experience in the energy sector. Interns work closely with seasoned professionals, gaining valuable industry insights and enhancing their resumes with practical skills.

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Employees at Iberdrola enjoy a comprehensive benefits package that supports their health, well-being, and financial security. The company's commitment to employee welfare is reflected in its competitive benefits offering, which complements its inclusive and supportive work environment.

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Iberdrola is committed to creating a workplace where diversity is celebrated and inclusion is the norm. The company's global team thrives on collaboration and respect, making it an ideal environment for professional networking and team building.

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Iberdrola is continuously searching for curious, creative, and solution-driven team players. Explore open positions that match your skills and interests on the Iberdrola Jobs portal. Each position offers the chance to make a significant impact in a leading company known for its commitment to innovation and sustainability.

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Learn more about Iberdrola
Size
39,569 employees
Industry
Energy & Utilities
NASDAQ
IBDRY
* Ladders Estimates

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