Settlements Director

What You Can Expect

As our Power Settlements Director you will lead the team responsible for the estimation and reconciliation of monthly gross margin across ERCOT PJM ISO-NE NYISO and addition you and your team will oversee the reconciliation of ISO settlement costs and customer invoice data maintain index and pass-through billing determinants and escalate market settlement issues as needed. You will work closely with the Accounting team to ensure the companys financial statements and balance sheet accurately reflect both estimated and actual gross margins. This position is based in Houston TX and reports to the Head of Business Performance.

• Direct preparation of the month end Gross Margin Estimate communicate to GBS Accounting for booking and ensure entries are correct in the financial and accounting systems
• Direct preparation of monthly revenue & COGS variance analyses (estimates vs. actuals) including price and volume analyses and others as required
• Provide reporting and analysis to management and stakeholders on the monthly gross reconciliation. Explain variances propose solutions/actions and follow-up on agreed remediations or enhancements
• Direct detection and follow-up of customer invoicing issues
• Direct detection and follow-up of customer usage and revenue forecasting issues
• Direct maintenance (and creation as needed) of market index or pass-through product billing determinant price curves
• Work closely with Operations Billing team to ensure accurate invoicing of customers on index or pass-through products
• Direct tracking analysis and reporting of index and pass-through product margin impacts and long-term neutrality
• Direct the the validation ISO invoices; reconcile charges and/or data to our internal systems including clarifying or disputing invoices with the ISOs or counterparties if warranted
• Direct preparation of actual revenue and COGS results and communicate to GBS Accounting to facilitate calendarized GL entries
• Work closely with IT to support forecast quantity and revenue reliability and data integrity
• Work closely with Energy Managment Settlement team on the ISO settlement process
• Work closely with GBS Accounting for Energy Management on the wholesale counterparty settlement process
• Work closely with Portfolio Management Pricing Operations IT and vendors to ensure accurate system data reliable processes and well coordinated and complimentary business processes
• Provide cross-functional support to peers and departments to develop best-in-class end-to-end delivery processes
• Provide access to settlements data in a user friendly manner for all stakeholders
• Maintain ISO and market knowledge and stay apprised of regulatory issue

What Youll Bring

• You hold a Bachelors degree in Finance Accounting or lieu of a degree you have a combination of years of progressive hands-on experience in power settlements financial operations and accounting processes with a strong background in ISO market settlements gross margin reconciliation and data analysis to support accurate financial reporting
• A minimum of ten (10) years of retail or wholesale power experience
• You have a strong background in retail settlements portfolio management margin analysis or financial analysis
• You are knowledgeable in ISO and wholesale trade settlements with the ability to interpret and reconcile complex market data
• You have proven leadership experience successfully managing teams in fast-paced deadline-driven environments
• You are an independent thinker confident in presenting and defending your analyses and recommendations
• You have exceptional attention to detail strong follow-up skills and excellent verbal and written communication abilities
• You are proficient in Microsoft Office Suite with working knowledge of MS SQL Oracle SQL Siebel CRM and Lodestar LPSS

Additional Details

• This role is eligible for our hybrid work policy three (3) days in-office two (2) remote days
• Must be available to travel domestically / internationally up to 5% of the time and with the need for some overnight trips
• Must be willing and able to comply with all ENGIE ethics and safety policies

Compensation

Salary Range: $150600 $230920 USD

This represents the average expected pay range for a qualified candidate.

ENGIE complies with all federal state and local minimum wage laws. Actual salary offered may vary depending on geography experience education internal pay alignment or other bona fide factors.

In addition to base pay this position is eligible for a competitive bonus / incentive plan.

Your Talent Acquisition Partner can share more specific information regarding the benefits or the salary for the position based on the work location.

At ENGIE we take your well-being seriously. Our comprehensive benefits package includes options for medical dental vision life insurance employer-paid short-term and long-term disability insurance ESPP generous paid time off including wellness days holidays and leave programs. We also help you plan for retirement by offering a 401(k) Retirement Savings Plan with a company match. But thats not all were dedicated to the health and happiness of your entire family offering supplemental benefits for full time employees that enhance emotional and physical well-being through all stages of life from family forming to caregiver benefits. Explore our benefits package to see how we can support you. Learn more.

Why ENGIE

ENGIE North America isnt just participating in the Zero-Carbon Transition were leading it! Join us as we develop energy that is renewable efficient and accessible to everyone.

ENGIE is proud to be an equal opportunity workplace and we are firmly committed to creating an inclusive workplace for all employees. We are committed to providing employees with a work environment free of discrimination and harassment. All qualified applicants will receive consideration for employment without regard to race color sex sexual orientation gender identity religion national origin disability veteran status or other legally protected status.

If you need assistance with this application or a reasonable accommodation due to a disability you may contact us at This email address is reserved for individuals with disabilities in need of assistance and is not a means of inquiry regarding positions or application status.

We are unable to sponsor or take over sponsorship of an employment visa for this role at any time.

The safety of our employees is our number one priority. All employees at ENGIE have both a duty and the authority to STOP WORK if unsafe acts are observed.