Sr. Settlements Analyst, Commercial Accounting & Settlements
Sr. Settlements Analyst, Commercial Accounting & Settlements
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Job Description
Talen Energy is seeking a qualified professional with proven experience and results to join our Commercial Accounting team as a Sr. Settlements Analyst for our office in Houston Texas.
The Sr. Settlements Analyst is a critical member of the accounting and finance organization responsible for the accounting settlement reporting and analysis activities of the energy marketing division as well as collaborating with corporate accounting to work towards best practices and strengthen internal successful Sr. Analyst will directly collaborate with team members project groups information technology and cross functional teams to support continuous process improvements and changing business needs. This role is primarily responsible for the verification validation and processing of transactional data related to power transactions in the PJM Interconnection wholesale energy markets. This role ensures the accuracy of settlement calculations compliance with PJM market rules and timely customer invoicing.
How Youll Power the Future
At Talen Energy your work fuels this role youll do more than contribute youll drive meaningful change by:
Perform Monthly Accounting Close and Settlement duties:
Manage the timely and accurate settlement of PJM energy market transactions
Reconcile and provide in-depth analysis of variances between actual and expected power revenues and costs
Provide guidance on ISO market rules for PJM
Develop and maintain procedures to ensure all ISO related activity is processed and reconciled in a timely manner
Compile review and record monthly PJM journal entries
Settlement of wholesale and retail power and fuel expense transactions
Coordinate with counterparties to timely resolve billing discrepancy or follow up with past due accounts receivables
Monthly accrual of physical and financial wholesale power and fuel expense transactions
Preparation and recording of various journal entries
Compile Balance Sheet account reconciliations and flux analysis with emphasis on communicating period over period changes to management.
Timely contract review
Perform Quarterly Reporting duties:
Prepare quarterly period over period flux analysis for assigned Balance Sheet accounts and present findings of analysis to management
Prepare workpapers for quarterly Audit requests
Assist in the preparation of FERC EQR filings
Communication:
Work and communicate with various internal groups to compile and analyze data including Contract Administration Front and Middle Offices Accounting Financial Reporting Settlements Treasury Credit Information Technology (IT) and Legal
Process Improvements
Acting as a change agent to identify and implement process improvements to promote best practices
Support functions:
Interface with auditors to provide information and support as requested
Assist and manage testing of ETRM or ERP system upgrades or implementation
What you have:
Bachelors degree in Accounting Finance or similar field is required.
Minimum of 5 or more years of progressive experience in energy/generation industry with a minimum of 3 years in settlements using and ETRMs and shadow settlement tools.
Natural problem solver who welcomes and promotes change.
Highly analytical with the ability to conceptualize boil down and clearly communicate complex ideas to varying audiences.
Ability to prepare reports and present ideas clearly and concisely to all levels of the organization both orally and written.
Motivated self-directed and results-driven with a strong aptitude towards accepting ownership of assigned tasks.
Personal commitment to integrity and achievement of departmental and business goals.
Effective interpersonal and communication skills (e.g. oral written and listening).
Ability to multi-task various responsibilities and deliver on priority deliverables under compressed timelines.
Ability to work in a fast paced and changing environment.
Proficiency in Microsoft office with advanced Excel skills (Pivot tables VLOOKUP complex IF/THEN statements).
Experience with multiple power markets preferred.
Ability to work with databases and perform simple SQL queries a plus
Why Talen Energy
Power the Future
Talen Energy is one of the largest competitive energy and power generation companies in North America. We operate power plants that use diverse fuel sources in the most attractive wholesale power markets and sell energy to wholesale and retail customers in selected competitive markets. Our passion for excellence grows value through safe and efficient operations. We have an inclusive diverse respectful and collaborative workplace and a strong commitment to innovation teamwork and integrity. We generate energy for a brighter tomorrow.
Collaboration
Our passion for excellence grows value through safe and efficient operations. We have an inclusive diverse respectful and collaborative workplace.
Talen Energy offers an exceptional benefits program to its employees. Benefits include comprehensive health dental vision prescription plans life insurance and disability addition employees are eligible to participate in Talen Energys 401(k) plan. Talen Energy also provides competitive vacation and sick time to its employees.
Talen Energy is an equal opportunity affirmative action employer dedicated to diversity and the strength it brings to the workplace. All qualified applicants will receive consideration for employment without regard to race color age sex religion national origin veteran status sexual orientation genetic information gender identity disability perceived disability or any other protected characteristic as may be defined by applicable law.
If you need assistance with the application process please email us at
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Note:You will have an opportunity to add attachments to your application. Please use this opportunity toupload your resume cover letter and any relevant documents .
Required Experience:
Senior IC
Employment Type
Full-Time
