Energy Commodity Settlements Analyst
Robert Half Finance & Accounting
Description
Robert Half is partnering with one of their utility clients on their recruitment efforts to find a full-time, direct hire, fully remote Energy Commodity Settlements Analyst to join their team. Your primary role will involve processing energy settlements, verifying transactions, conducting analytical research, and performing quantitative analysis.
Responsibilities
• Utilize your knowledge in the North American power and natural gas markets, including renewable energy industry, to process energy settlements for wind, solar, battery storage, or other associated projects.
• Ensure all MISO invoices align with existing tariffs and business practices, including wholesale sales, purchases, and transmission.
• Conduct analytical research to identify the root cause of settlement discrepancies and provide solutions.
• Handle 3rd party sales and purchases for power and capacity, ensuring all transactions are accounted for accurately.
• Verify gas trade transactions and calculate volumes, usage, storage, transportation tariffs, etc., to settle monthly natural gas transactions.
• Conduct credit risk analysis of counterparties to ensure financial stability.
• Collaborate with the Michigan Public Power Association on shared energy projects and reconcile invoices associated with such projects.
• Perform advanced financial, economic, and statistical analysis relating to the impacts of fuel, purchased power activities, and other wholesale market activities.
• Use Microsoft Excel to create spreadsheets that require advanced formulas for desired results.
• Prepare monthly journal vouchers for General Accounting that affect financial statements and perform other accounting, accounts payable, and cash flow duties.
• Reconcile all wholesale and purchased power accounts each month and prepare a budget to actual report explaining variances.
• Stay updated on MISO rule changes affecting settlement results and apply the language agreed to in energy contractual requirements for pricing, data collection, rates, and reconciliation.
• Utilize several web or pc-based applications to support Bulk Power functions.
• Ensure work is performed with consistency and quality, supporting the organization by creating ad hoc reports (e.g., generation, finance, budgeting, natural gas, etc.).
Requirements
+ Bachelor’s degree in finance or accounting preferred but will accept Renewable Energy, Economics, Mathematics, Statistics, Information Technology, Engineering, or a related field with previous accounting or financial analysis experience.
+ Three to five years of experience working in Settlements or a related field.
+ Intermediate to expert level Excel skills. Must be able to exhibit solid understanding of Excel formulas.
+ An understanding of energy commodity markets.
+ Strong quantitative, analytical, and problem-solving skills and good attention to detail with the ability to organize and analyze large quantities of data.
+ Work with other settlements team members, operators, and traders to resolve discrepancies.
+ Experience with analysis of variances between actual and expected revenues and expenses.
+ Timely and accurate settlement of physical and financial energy trading activity including the resolution of aged balances.
+ Resolve and explain prior period adjustments.
+ NERC background check required.
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All applicants applying for U.S. job openings must be legally authorized to work in the United States. Benefits are available to contract/temporary professionals, including medical, vision, dental, and life and disability insurance. Hired contract/temporary professionals are also eligible to enroll in our company 401(k) plan. Visit roberthalf.gobenefits.net for more information.
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