Market Settlement Analyst (Remote)
Market Settlement Analyst (Remote)
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
PRIMARY PURPOSE:
Under the general direction of the Manager provide technical support related to electricity market applications and power systems operations. Support processes and activities required for accurate and timely publication of settlement statements and invoices including verification and correction of market transactional data ensuring complete and accurate calculation of energy accounting and commitment cost determination. Participate in issue management process to resolve software issues and eliminate workarounds. Identify and implement process improvements for efficiency prevention and accuracy.
PRINCIPAL DUTIES AND RESPONSIBILITIES:
- Generates accurate and timely calculations of expected energy commitment costs settlement statements and invoices. Proactively supports processes and activities related to daily production workflow to ensure accurate and timely settlement statements including verification and correction of market transactional data execution of post-market processes and publication of data to downstream systems; and supports calculation validation and publication of settlement statements and invoices according ISO Payment Calendar. Develops basic metrics and tools for data analysis building upon established templates and guidance. Collects data using query logic in SQL assists in applying business rules and analytics within software like SAS or R and prepares preliminary summaries for team review.
- Validates and corrects market transactional data. Identifies root causes of data anomalies including market operations and scheduling data. Applies foundational knowledge related to energy market results expected energy calculations and commitment cost determinations. Interprets and validates settlement outcomes based on observed market behavior system conditions and resource attributes. Identifies potential causes of data discrepancies across market operations and scheduling information. Participates in collaborative cross-departmental discussions to address software or process-related issues. Contributes to user-acceptance testing for new business processes or system updates to help ensure quality outcomes.
- Analyzes business processes to identify areas of control weaknesses. Develops and implements process control improvements and enhancements to ensure control compliance. Identifies potential areas for process improvement assisting in efficiency enhancement accuracy increase compliance support and early error detection. Creates business documentation as required to support analysis and foster understanding among team members.
- Reviews tariffs BPMs protocols procedures and processes related to market changes and assesses impacts on business operations to facilitate validations and accurate settlements as appropriate. Provides business requirements and performs acceptance testing for new business processes or system changes to promote quality implementations from an end-user and business needs perspective. Creates action plans for impacted processes under guidance. Adheres to ISO Tariff BPMs and audit standards supporting settlement production tasks that involve validating and correcting market data for accurate and timely settlement.
- Responds to inquiries from external clients and internal business partner in an informative professional and timely manner. Interacts with other teams throughout the ISO including System Operations Market Services Support Accounting Regulatory Compliance and Customer Service on matters pertaining to settlements invoicing transmission access charges disputes ADR/Litigation or other related areas.
Qualifications :
Level of Education and Discipline:
A Bachelors degree (BA BS) or equivalent education training or experience in Business Accounting Finance Economics Management of Information Systems or related technical field.
Amount of Experience:
Equivalent years of education and training plus two (2) or more years related experience.
Type of Experience:
- A combination of experience in any of the following disciplines required: utility/power industry preferably in a similar ISO; system analysis; regulatory energy accounting commitment cost determination or settlements.
- Exposure and experience with applied optimization principles and techniques power system operations and market design.
- Experience with identification of data quality issues (accuracy completeness etc.) and creation of specific SQL queries to access large volumes for data analysis is required.
Additional Information :
The pay range for the Market Settlements Analyst is $39.62 - $66.04 per hour.
Remote Work :
Yes
Employment Type :
Full-time
Employment Type
Remote
