Senior Settlements Analyst
Senior Settlements Analyst
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$ 64480 - 93104
1 Vacancy
Job Description
Calpine Corporation is Americas largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Its fleet of 77 power plants in operation represents over 27000 megawatts of generation capacity. Through wholesale power operations and its retail businesses Calpine serves customers in 22 states and Canada. Its clean efficient modern and flexible fleet uses advanced technologies to generate power in a lowcarbon and environmentally responsible manner.
The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984 Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition its renewable geothermal plants use steam generated deep below the earths surface to produce clean renewable electricity.
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 nonroutine 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 organizations accounting and operations teams in the development of corporate financial requirements and with monthend 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
- Masters degree in Math Business Engineering plus 23 years of energy industry work experience (or) Bachelors degree in Math Business Engineering plus 56 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 Information Position eligible for annual bonus.
Salary Range $64480 to $93104
Additional Calpine Information
- Equal Opportunity Employer of Minorities Females Protected Veterans and Individuals with Disabilities.
- Calpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position please send an email with your request to. Determination on requests for reasonable accommodation are made on casebycase basis.
Please view Equal Employment Opportunity Posters provided by OFCCPhere
Required Experience:
Senior IC
Employment Type
Full-Time
