Electric Utility Financial Settlement Analyst

Gfoat; Bryan (TX); On-site; USD 60,000 - 75,000; Full time

Benefits offered by this job

Excellent benefits

Job summary

BTU is seeking a Settlement Analyst to manage electric power market settlements with ERCOT, including data collection/validation, accounting, billing, reporting and disputes, plus settlement of Power Purchase Agreements and energy trading activity with counterparties.

Work schedule is Monday–Friday, 8am–5pm. Salary is $60,000–$75,000/year with excellent benefits. On-site in Bryan, Texas.

Qualifications

• Bachelor’s degree in Accounting, Finance, Engineering, Math, Economics, or related field.
• Associate’s degree with 2+ years of utility accounting or settlements experience acceptable.
• Experience in electric utility accounting or trading is a plus.

Responsibilities

• Gathers, analyzes, and validates BTU load, generation, and financial data by 15-minute intervals.
• Ensures ERCOT market settlement data and documents are correct and timely.
• Prepares dispute documents to ERCOT with supporting backup information.
• Prepares an ERCOT Shadow Settlement daily.
• Monitors credit levels with ERCOT and processes ERCOT invoices for payment.
• Provides credit analysis support on power purchase counter-parties.
• Monitors metered polling points across BTU and Distributed Energy Resources.
• Prepares monthly management and fiscal reports.

Skills

Data analysis

Accounting

Finance

Billing & invoicing

Credit analysis

Education

Bachelor’s degree in Accounting/Finance/Engineering/Math/Economics

Associate’s degree plus 2+ years in utility accounting or settlements

Job description

The City of Bryan Electric Utility Department, Bryan Texas Utilities (BTU), is accepting applications for Settlement Analyst. This position is primarily responsible for all electric power market settlement activities between Bryan Texas Utilities (BTU) and the Electric Reliability Council of Texas (ERCOT), which oversees the Texas electric grid, including data collection/validation, accounting, billing, reporting and disputes. This position is additionally responsible for the management, accounting, billing, payment, and settlement of all Power Purchase Agreements and physical and financial energy trading activity between BTU and its counterparties.

Work Schedule:

Monday-Friday; 8am-5pm

Hiring Pay Rate:

$60,000-$75,000/year (depending on qualifications) plus excellent benefits

Responsibilities:

• Gathers, analyzes, and validates all BTU load, generation, purchased power, ancillary service and financial data by 15-minute intervals on a daily basis.
• Ensures that ERCOT power market settlement data and documents are correct, accurate, timely and are applied as per market protocols.
• Prepares and submits appropriate dispute documents to ERCOT, with supporting backup information.
• Prepares an ERCOT Shadow Settlement daily.
• Monitors and maintains acceptable credit levels with ERCOT.
• Processes all ERCOT and Counterparty Invoices for payment.
• Provides credit analysis support on power purchase counter-parties.
• Monitors, maintains, analyzes, and reports on all ERCOT metered polling points across the BTU system.
• Monitors, maintains, analyzes, and reports on all Distributed Energy Resource metered polling points across the BTU system.
• Prepares monthly reports for Management and Fiscal Services.
• Performs various generation, transmission, or market studies, and/or administrative duties as delegated/required.
• Performs historical analyses of price, volume, and cost to report annual metrics and provide operational insight to management.
• Assists in annual audits as necessary.
• Maintains regular and punctual on-site attendance.
• Performs other related duties as required.

Minimum Qualifications:

• Bachelor’s degree with significant coursework in Accounting, Finance, Engineering, Math, Economics, or a similar field of study; OR an Associate’s degree plus at least 2 years of directly related experience in utility accounting or settlements, data analysis, and/or in an accounting/finance related field; OR an equivalent combination of related education, experience, and training.
• Experience within an electric utility’s accounting, risk, or energy trading function is a plus, but not required.