Analyst Settlements

Independent Electricity System Operator; Mississauga; On-site; CAD 98,000 - 140,000; Full time

Job summary

Independent Electricity System Operator in Mississauga is seeking a Settlement Analyst to support metering, meter data management and settlement activities within the Ontario market.

You will analyze data, review documentation for compliance with market rules, investigate inquiries and contribute to accurate financial settlements. A four-year university education is required, and the role is salaried within Step 1–10 pay scale with competitive compensation.

Qualifications

• Requires knowledge of electrical theory, power system analysis and control, mathematics and computer sciences to carry out studies related to metering and settlement.
• Universitary education equivalent may be accepted for the qualification.
• Experience with market rules and regulatory practices is beneficial.

Responsibilities

• Develop and maintain processes for metering, meter registration, meter data management and settlement activities.
• Review effectiveness of existing processes and implement improvements for efficiency.
• Provide technical and analytical support to internal and external customers; investigate inquiries or complaints.
• Assist in data preparation for settlements and ensure data integrity for market settlements.

Skills

Electrical theory

Power system analysis

Control theory

Mathematics

Computer science

Education

4 years University education

Job description

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Requisition ID: 21230

Status:Temporary up to 12 months

Business Unit:Markets and Reliability

Grade/Band: MP2

Shift Work: No

Step 1: $97,708 to Step 10: $139,568

The successful candidate will be placed at the appropriate step within the salary grade/band, based on relevant years of experience and other applicable considerations.

The IESO is committed to ensuring Ontario’s electricity system meets the province’s 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, it’s not just what we do—it’s who we are!

Who we are

Our central role includes managing the provincial power grid in real-time, overseeing and evolving Ontario’s electricity market, engaging with government, municipalities and Indigenous communities, and planning for Ontario’s future electricity needs. Our employees play a key role in driving grid innovation, protecting the system from threats, advancing the province’s energy conservation programs, and forecasting and procuring the electricity resources we’ll need in the decades to come.
This is a unionized position that falls within the Settlement Operations team.

What makes this role exciting

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

The successful candidate will provide technical and analytical support related to the administration and application of metering, meter data management and settlement services to customers. Assist in the development and maintenance of appropriate processes, systems and procedures within the Metering, Production and/or Support groups of the Settlement Division and to perform settlement activities for the IESO-Administered Market.

What you’ll do

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

• Assist in the development and maintenance of appropriate processes, systems and procedures to support metering, meter registration, meter data management, and/or settlement activities for the IESO-administered market.
• Assist in reviewing the effectiveness of existing processes and contribute to the development and implementation of effectiveness and efficiency improvements, as necess
• Provide technical and analytical support to both internal and external customers. Investigate customer inquiries or complaints, or provide support to settlement staff investigating such inquiries or complaints.
• Provide support and assistance in one or more of the following areas:
  • Developing and maintaining the functional specifications for metering installations including site documentation and totalization tables, on-site communication equipment and systems, meter data collection system interfaces and meter data management processes and requirements.
  • Tracking and processing document submissions in support of meter registration activities. Analyze and review metering installation proposals, measurement and verification (M&V) plans, commissioning reports and post-installation audit reports to confirm compliance with market rules. Identify non-compliances and communicate these concerns to metering staff, as necessary.
  • Maintaining records, work methods, policies and procedures relating to the market rules and legislation. This includes development and maintenance of market manuals, internal settlement guidelines, system documentation, training packages and tracking tools as related to metering, meter registration, meter data management and/or settlement activities.
  • Producing user requirements for associated application software, the performance of acceptance testing and the identification of business requirements for hardware. Implement appropriate settlements processes/adjustments applied when data is missing/incorrect, contractual requirements are not met, and/or "ad hoc" situations, at the direction of senior Settlement staff.
  • Preparing and analyzing data and information including estimation of meter data, settlement adjustments for notice of disagreements (NODs) and disputes for application to settlement statements, for use in settlement decision-making, to meet corporate financial reporting requirements and as negotiated with other business units or customers.
• Perform other duties as required.

In a typical day, you will be involved in supporting the administration of metering, meter registration, meter data management, and settlement activities within the Ontario electricity market. The successful candidate will analyze metering and settlement data, review technical documentation for compliance with market rules, investigate customer inquiries, and provide analytical support to internal and external stakeholders. They will also help improve business processes, maintain policies and procedures, support system testing and documentation, and contribute to accurate financial settlements by validating data, processing adjustments, and ensuring the integrity of market operations.

Role Requirements

Our team consists of experts from diverse backgrounds, each bringing their unique perspectives and skills.
To succeed in this role, you’ll need:

• Requires knowledge of electrical theory, power system analysis and control, mathematics and computer sciences to carry out engineering, economic or analytical studies related to the application and performance of metering installations, meter data management and settlement activities. Requires good written and oral communication skills in order to prepare effective reports, process description/user guides, system documentation and to deal effectively with internal and external contacts involved in accomplishing work objectives.
• This knowledge is considered to be normally acquired either through the successful completion of 4 years University education, or by having the equivalent.
• Requires exposure to system and market operations and an understanding of applicable market rules, legislation and practices related to metering, meter data management and settlement activities.
• Requires a good understanding of the electrical utility industry and experience in meter data management and metering systems including applicable regulatory requirements, equipment characteristics, installation and field practices, maintenance practices and loss adjustment methodologies.
• Requires experience to become familiar with the nature of studies and investigations carried out by the different sections and groups of the organization. Requires experience to become familiar with statistical and database software, desktop software applications, various PC-based query