Specialist Settlements

Date October 17 2025

Location Mississauga ON (Hybrid)

Requisition ID 20645

StatusTemporary Up to 18-months

Business UnitMarkets and Reliability

Why join us

The IESO is committed to ensuring Ontarios electricity system meets the provinces needs today and into the future. We are charged with purpose delivering reliable affordable and sustainable electricity for homes businesses and communities across the province. We are energized to grow embracing opportunities to shape the future of a dynamic and evolving energy sector while advancing our careers. We are powered by teamwork supported by diverse and passionate colleagues who foster respect celebrate successes and thrive on shared achievements. At the IESO its not just what we doits who we are!

Who we are

Our central role includes managing the provincial power grid in real-time overseeing and evolving Ontarios electricity market engaging with government municipalities and Indigenous communities and planning for Ontarios future electricity needs. Our employees play a key role in driving grid innovation protecting the system from threats advancing the provinces energy conservation programs and forecasting and procuring the electricity resources well need in the decades to come.

This role is a part of

• How the IESO administers the physical market for participants to buy and sell energy and a financial market for buying and selling transmission rights (TRs). Settlements is responsible for collecting funds from buyers and distributing these to sellers.

What makes this role exciting

The energy sector is rapidly evolving offering exciting new opportunities for those who want to make a difference.

• Develop the business processes procedures and system/tool requirements for settlement of the IESO-Administered Market. Develop the associated documentation. Provide an engineering/technical interface between the IESO and the Market Participants and investigate customer inquiries/complaints or provide engineering and technical support to production staff during their investigations. Monitor interpret and act as a resource regarding wholesale settlement activities. Contribute to the development of training packages relating to work methods technology techniques and the policies practices and procedures relating to the established Market Rules.

What youll do

In this role youll make a meaningful impact by contributing to the IESO team and supporting the electricity needs of the province through:

• Maintain a current knowledge of settlement activities for the purposes of interpreting and applying market rules programs and contractual obligations as they apply to financial payments and penalties and maintain an awareness of industry developments in settlement technologies and practices.

• Develop appropriate processes systems and procedures to perform settlement activities for the IESO-Administered Market. Produce user requirements for associated application software perform acceptance testing and identify business requirements for hardware. Recommend/ facilitate appropriate settlements processes/adjustments to apply when data is missing/incorrect contractual requirements are not met and/or ad hoc situations.

• On an on-going basis assist in reviewing the effectiveness of existing settlements processes. Develop and implement effectiveness and efficiency improvements as necessary.

• Produce business process and where appropriate system documentation for settlements activities.

• Provide written procedural instructions advice guidance and training regarding the settlement process for the production staff.

In a typical day you will

• Lead enhancements and changes to the commercial reconciliation system requiring close collaboration with IT internal stakeholders and vendors.

• Analyze market data pertaining to settlements as required to monitor settlement outcomes meet corporate financial reporting requirements and as negotiated with other business units.

• Liaise with IESO teams and key stakeholders to drive value-added service opportunities. Provide guidance and supporting information to the development of programs that involve changes to settlement processes.

• Perform other duties as required.

Role Requirements

Our team consists of experts from diverse backgrounds each bringing their unique perspectives and skills.

To succeed in this role youll need:

Education:

• Requires knowledge of electrical theory power systems analysis and control mathematics and computer sciences to carry out engineering economic or analytical studies related to the management of the wholesale settlement system and associated activities.
• Requires knowledge of technical writing to prepare effective reports and process descriptions/user guides.
• This knowledge is considered to be normally acquired either through the successful completion of 4 years University education or by having the equivalent.
  

Experience:

• Requires significant exposure to develop a good overall understanding of the operation of the IESO-Administered market with particular emphasis on the reconciliation aspects.
• Requires considerable exposure to system and market operation practices and procedures including legislation resource utilization and system control techniques.
• Requires computer experience including exposure to statistical and database software desktop software applications computer data conversion various PC-based query and calculation tools and computer system interfaces.
• Requires experience in researching the practices and procedures of other jurisdictions applying testing and considering the merits of alternatives.
• Requires good customer service skills.
• A period of over 8 years up to and including 10 years is considered necessary to gain this experience.

How We Support You

From a comprehensive total rewards program to dynamic learning and development opportunitiesincluding job rotations to broaden your expertisewe empower you to define and shape your own success. When you join the IESO heres what you can expect:

• Best-in-class benefits and long-term support in the form of a defined benefit pension plan.
• A commitment to flexibility as we currently support a hybrid model where applicable that supports a blend of remote and in-office work based on business needs. Participating employees typically work in-office a minimum of four days and work remotely up to six days over a two-week period with a goal of maximizing in-office time through the use of established team days.
• Work in a dynamic and evolving sector that offers exciting opportunities and the chance to explore new career paths.
• Leadership that values meaningful discussions welcomes feedback and prioritizes career development.
• A strong inclusive culture and a collaborative team environment with a shared passion for impactful work.
• Compensation packages that are regularly reviewed to remain competitive and to best accommodate the diverse needs of our employees.

Deadline: October 31 2025 at 11:59PM

For future reference please save a copy of the job posting as it will no longer be available once the posting closes.

Thank you for your interest in a career at the IESO. Only candidates selected for an interview will be contacted. Please note that the successful candidate must be legally eligible to work in Canada and will be subject to applicable background checks.

IESO will not conduct interviews or offer positions via online text chat or social media platforms. We will not gather personal information directly from candidates or potential candidates. Selected candidates will work with our Talent Acquisition team to ensure their application is processed.

We believe in opportunities for everyone. At the IESO we know that achieving great results depends on embracing diversity by attracting developing and retaining people from a wide variety of backgrounds. We do this by ensuring our recruitment and advancement policies are fair and equitable and by creating an accessible and inclusive environmentone that values every team members unique skills and experiences and ensures they have the support they need to achieve their potential. If you require accommodation during the recruitment process please let us know.

Were proud to say weve been recognized as a supportive inclusive employer.