Manager, Settlements and Structured Transactions

Gatineau - Canada

Monthly Salary: Not Disclosed

Posted on: 2 days ago

Vacancies: 1 Vacancy

Department:

Accounting

Job Summary

About Us

Brookfield Renewable as one of the core businesses under Brookfield Corporation is one of the worlds largest owners operators and developers of renewable power with $125 billion power assets under management. Our diverse portfolio of hydro wind solar distributed energy storage and sustainable solutions extends across five continents totaling over 46000 megawatts of generating capacity. We use our operating capabilities scale and global reach to develop and operate a high-quality clean energy portfolio in a responsible manner helping accelerate the global transition to net zero.

Come Join Us

At Brookfield Renewable we attract and retain high-performing individuals who are interested in making an impact driving meaningful change and being part of a fast-paced and collaborative environment. Join a purpose driven winning team committed to results in an inclusive and high-performing culture. Together we contribute to the success of one of the fastest growing and largest publicly traded pure play renewable power platforms in the world while supporting decarbonization and greater energy sustainability to facilitate the global transition to a net-zero.

About the Role

Reporting to the Director Settlement and Structured Transactions the Manager Settlement & Structured Transactions will be responsible for monitoring and ensuring back-office settlement processes associated with short and long-term contracts and energy market trading in the US and Canada are executed in a timely and efficient manner.

Key Responsibilities

Lead and manage a team of analysts responsible for the settlement and the accounting of transactions in the Canadian and US electricity markets and contracts with external counterparties
Set team objectives track progress and measure performance
Manage and organize the teams workload and set priorities
Support the team to fully understand electricity market charge code algorithms and the corporate structure in order to allocate revenue and charges to the right legal entity and trading strategy;
Understand the accounting organizational standards
Conduct research and analysis to remain current with market rules that impact electricity market settlement
Oversee the analysis of current settlement processes procedures and reports for continued development and improvement
Collaborate with various departments to ensure accuracy in financial and regulatory reports submitted to management
Manage the integration of new acquisitions into the settlement processes
Review new transactions draft contracts and Request for Proposals to provide settlement section approval and comments
Work with IT on system improvements and implementation projects
Manage the SOx Revenue controls meet with auditors and coordinate supporting documentation
Support various audits
Work with other business functions and external electricity markets to resolve settlement disputes
Support the Director Settlement and Structured Transactions in various tasks and provide updates on teams tasks and objectives

Knowledge and Experience Required

Undergraduate degree in Economics Business Administration Finance or a related financial/quantitative discipline
Minimum four (4) years of relevant work experience preferably in energy
Bilingualism (English/French) is an asset
Advanced Excel skills is an asset (i.e. Macros Pivot Tables PowerQuery)
Knowledge of reconciliation and validation software such as Open Access Technology International Inc.(OATI) is an asset
Knowledge of Industrial and Financial Systems (IFS) is an asset
Knowledge of Trade Capture and Data Validation Systems such as TRMTracker or Risk Management System (RMS) is an asset
Team Leadership: Assuming a leadership role in helping others achieve excellent results.
Managing and Measuring Work: Organizing time work and resources (e.g. people) to accomplish work objectives effectively and efficiently; tracking progress toward accomplishing the work objectives.
Decision Making: Making decisions involving varied levels of risk and ambiguity.
Developing Others: Fostering employee development by providing a supportive learning environment.
Analytical Thinking; Analyzing and synthesizing information to understand issues identify options and support sound decision making.
Achievement Orientation: Focusing efforts on achieving high quality results consistent with the organizations standards.
Business Perspective: Using an understanding of business issues processes and outcomes to enhance business performance.
Critical Judgment: Evaluating ideas and information while referring to objective criteria to reach rational conclusion.

Note: Offices continue to be central to collaboration and Brookfields identity. This position requires the employee to be on-site for a minimum of 4 days to perform most effectively.

Working here you will enjoy:

At Brookfield your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential.

We thrive on the challenge to be our best and progressive thinking to keep growing. We care about each other reaching our potential making a difference to our communities and achieving success that is mutual.
We work to recognize you in meaningful personalized ways including a competitive salary bonus structure a health benefits program and defined contribution pension plan.
Our spaces are open dynamic and collaborative giving you access to different businesses and teams. For your well-being our building is equipped with a modern gym bike storage and healthy snacks and drinks.
We cultivate a culture where we invest in your growth and development.

Diversity & Inclusion

Brookfield Renewable embraces and promotes the principles of diversity equity and inclusion. We welcome and encourage applications from all qualified candidates including women Indigenous peoples and other persons of all races ethnic origins religions abilities sexual orientations and gender identities and expressions. We also provide accommodation during all parts of the hiring process upon request. If contacted to proceed to the recruitment process please advise us if you require any accommodation.

Required Experience:

Manager

About Us Brookfield Renewable as one of the core businesses under Brookfield Corporation is one of the worlds largest owners operators and developers of renewable power with $125 billion power assets under management. Our diverse portfolio of hydro wind solar distributed energy storage and sustainab...