Settlements Supervisor
Settlements Supervisor
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$ 107025 - 178375
1 Vacancy
Job Description
At PGE our work involves dreaming about planning for and realizing a smarter cleaner more enduring Oregon neighborhood. Its core to our DNA and we havent stopped since we started in 1888. We energize lives strengthen communities and drive advancements in energy that promote social economic and environmental progress. Were always on the lookout for people passionate about leading and being a part of teams that are advancing innovative clean energy solutions that are also affordable and accessible to all.
In the energy market a Settlements Supervisor is responsible for overseeing a team of professional Analysts responsible for the accurate and timely financial settlement of energy trades ensuring compliance with market regulations and managing operational risks. They work closely with trading desks counterparties market operators finance and audit teams to ensure smooth and accurate transactions.
The team plays a crucial role as they form the backbone of the wholesale energy market ensuring that producers are paid for the electricity they generate and consumers pay for the electricity they use.
Key Responsibilities
Settlement Operations Management
Oversee the settlement of power gas and other energyrelated trades.
Ensure accurate and timely invoices payment processing and reconciliation of energy transactions.
Manage settlement cycles for physical and financial energy contracts including futures options and bilateral trades.
Review and approve transactions per policies and procedures.
Understanding of contractual obligation for accurate settlements and delivery.
Reconciliation & Dispute Resolution
Reconcile trade data with counterparties exchanges (e.g. ICE NYMEX EPEX) and independent system operators (ISOs).
Investigate and resolve discrepancies in pricing volumes and payments.
Work with power operations risk management accounting IT and compliance teams to mitigate financial exposure.
Regulatory Compliance & Reporting
Ensure settlement processes comply with market regulations (e.g. FERC).
Maintain accurate transaction records for audits and regulatory reporting.
Stay updated on regulatory changes affecting energy trading and settlements.
Work with accounting to ensure transactions subject to accrual are captured timely and accurately.
Monitor and ensure key settlements metrics are met.
Risk Management & Internal Controls
Identify and mitigate financial and operational risks in settlement processes.
Implement internal controls to prevent settlement failures and unauthorized transactions.
Work closely with risk management and credit teams to monitor credit exposure and margin requirements.
System & Process Optimization
Optimize settlement processes through automation and system improvements.
Work with IT and key stakeholders to enhance settlement efficiency.
Ensure accurate integration of trading platforms (e.g. ETRM systems like Openlink or Endur).
Team Supervision & Stakeholder Coordination
Supervise Settlement Analysts and provide training to enhance team engagement and optimal performance.
Act as the key point of contact between traders finance risk and counterparties.
Communicate settlement status disputes and financial impacts to management.
Project management and lead acts as a consultant for the settlements team.
Education/Experience
Education
Requires a bachelors degree in accounting business administration or a related field.
Experience
Prefer five or more years in related field.
Functional Competencies
Advanced knowledge of risk management concepts including claims insurance and loss prevention credit analyses and security interests
Advanced knowledge of relevant software tools and report generator applications
Working knowledge of electrical system operations
Intermediate knowledge of enterprise/business awareness
General Competencies
Advanced decisionmaking skills
Advanced organization and prioritization skills
Advanced diplomacy skills
Advanced negotiation skills
Advanced diplomacy skills
Leader Practices
Drives Results
Plans and Aligns
Decision Quality
Drives Engagement
Courage
Cognitive Level
Substantial:
Consistent use of logic or scientific thinking to define problems collect information establish facts and draw valid conclusions (for example engineer HR director plant manager etc..
Cognitive
Ability to adhere to set response times deadlines and timesensitive tasks
Ability to follow accuracy standards
Ability to follow through on decisionmaking tasks
Ability to interact effectively and collaboratively within a team environment
Ability to communicate and problem solve when under stress
Ability to respond and adapt to frequent change
Ability to accept and demonstrate selfawareness when provided constructive feedback
Ability to discern feedback and acknowledge ownership of areas of improvement
Ability to avoid future mistakes by applying reasonable skills to new but similar work situations or tasks
Ability to successfully collaborate with peers managers and others within the organization
Demonstrates sound memory
Ability to process new information to be applied consistently to work tasks
Schedule/ Attendance
Ability to work long hours
Ability to work a variable schedule
Ability to report to work and perform work during periods of severe inclement weather
Ability to consistently meet attendance standards for regular reliable predictable fulltime attendance
Requires a valid drivers license
Driving/travel/commute frequently (at least once a week or more)
Computer use (use computer regularly for entire work shift)
Office Environment Hybrid 3 days in office
Compensation Range:
$107025.00 $178375.00Actual total compensation including a performance based incentive bonus is commensurate with experience skills qualifications education training and internal equity. While we anticipate the selected candidate for this position will fall towards the middle or entry point of the compensation range the decision will be made on a casebycase basis.
PGE believes in rewarding dedicated performance. We provide a total rewards package that is designed to reward your contributions to the company and at the same time support your wellbeing and professional development both now and into the future. To find out more click here.
Join us today and power your potential!
Assisting with storms or other Company emergencies is a part of all positions at Portland General Electric.
PGE is committed to diversity and inclusion in the workplace and is an equal opportunity employer. PGE will not discriminate against any employee or applicant for employment based on race color national origin gender gender identity sexual orientation age religion disability protected veteran status or other characteristics protected by law.
PGE does not discriminate on the basis of disability. We recognize individuals have a variety of abilities to offer and we believe there is much to value and celebrate by incorporating different abilities into the work we do. One very important way we live this out is in our application and interview process. We work hard to support individuals who may need an accommodation to fully participate in these processes. If you feel you may need an accommodation or would like to request one please notify the Talent Acquisition Specialist (Recruiter) associated with the job posting. You may also make this request by contacting or by calling. The Recruiter will provide information and next steps for the accommodation process. Our Diversity Equity & Inclusion (DEI) team is also available for support. You can contact them at .
To be considered for this position please complete the following employment application by the posting close date. Posting closes at midnight (Pacific Time) on the closing date below. If no date is listed job is open until filled.
Required Experience:
Manager
Employment Type
Full-Time
