Energy Settlement Analyst II

PNM Resources, Inc.; Albuquerque (NM); On-site; USD 64,000 - 106,000; Full time

Job summary

PNM Resources, Inc. in Albuquerque, NM seeks an Energy Settlement Analyst II to handle settlement invoicing and reconciliation for wholesale energy and CAISO EIM markets. The role supports AR/AP, GL entries, and audit processes within the Wholesale Power and Transmission Accounting group.

Responsibilities include preparing settlements, validating market data, and assisting with system upgrades. A Bachelor's degree with 3–5 years' related experience is preferred.

Qualifications

• Bachelor's degree from four-year college or university with three to five years related experience, or equivalent combination of education and/or experience.
• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
• Ability to write reports, business correspondence, and procedure manuals.
• Ability to effectively communicate in both writing and verbally.
• Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, and other business-related calculations.
• Working knowledge of energy scheduling systems, settlement systems and basic accounting systems is desired.
• Strong MS Excel and MS Word skills.

Responsibilities

• Support daily/weekly/monthly transmission sales, purchase settlements, and the EIM market settlements.
• Handle gas purchase and pipeline settlements, bilateral settlements, and CAISO MRTU settlements.
• Prepare and send invoices for Point-to-Point and Network Transmission sales.
• Perform transmission purchase reconciliation and settlement through Accounts Payable.
• Manage the Network Transmission peak calculation and PTP database systems.
• Execute EIM daily settlements of 5min, 15min, and hourly market data.
• Reconcile, confirm, and analyze PRSC market data and EIM adjustments.

Skills

Analytical skills

Problem solving

Interpersonal skills

Attention to detail

Communication skills

Education

Bachelor's degree

Tools

MS Excel

MS Word

Job description

POSTING DEADLINE

This position is posted until filled.

DEPARTMENT

Department: EIM Performance Analyst Group

JOB DESCRIPTION

Energy Settlement Analyst II

Salary Grade: G08
MinimumMidpointMaximum
$64,087- $84,916- $105,744

SUMMARY: Energy Analysis and Settlements is part of the Wholesale Power and Transmission Accounting Organization under the Corporate Controller. Energy Settlement Analysts are responsible for the confirmation, reconciliation, and settlement (including invoicing) of energy transactions related to wholesale bi-lateral power settlements, natural gas and related transportation settlements, transmission sales and purchases, California Independent System Operator (¿CAISO¿) MRTU market settlements, and CAISO Energy Imbalance Market (¿EIM¿) market settlements. A Settlement Analyst is responsible for timely and accurate completion of work that includes invoicing, accounts receivable (¿AR¿) and accounts payable (¿AP¿) processing, general ledger (¿GL¿) input, reporting, and audit support. The extent of job responsibilities is not limited to the previously mentioned.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Responsible for supporting daily/weekly/monthly transmission sales, purchase settlements, and the EIM market settlements for the EESC/PRSC
• Responsible for gas purchase and pipeline settlements, power bi-lateral settlements, and CAISO MRTU settlements
• Prepares and sends invoices for Point-to-Point (PTP) and Network Transmission sales
• Performs transmission purchase reconciliation and settlement including payment through the Accounts Payable process
• Manages the Network Transmission peak calculation
• PTP database and system management
• Performs EIM daily settlements of 5min, 15min, and hourly market data
• Reconciles, confirms, and performs analytics of PRSC market data
• Prepares EIM prior period adjustments (¿PPA¿)
• Prepares EIM charge allocations for PRSC
• Responsible for recognition of disputable market settlement variances and ability to resolve CAISO disputes
• Processes CAISO invoices timely to ensure weekly settlement deadlines are met
• Prepare weekly settlements to accurately reflect for Accounts Receivable, Accounts Payable and General Ledger entries
• Responsible for month end General Ledger estimates and eventual actuals as CAISO settles the previous month
• Provide system support, working closely with IT and vendors to manage system upgrades, patches, and testing
• Responds to inquiries from both internal and external auditors during their audit engagements

COMPETENCIES

• Self-motivated and possessing strong problem-solving skills and the ability to prioritize tasks
• An ability to follow procedures and demonstrate personal accountability and ownership of the role
• Understanding of the CASIO EIM marketplace, including business practices, charge codes and systems
• Understanding of the interconnected bulk power generation and transmission system, including delivery points and paths
• Understand terminology related to CAISO EIM market and PNM transmission settlements
• Ability to interpret both the language and terms and conditions of OATT contracts and CAISO EIM market documents
• Excellent analytical skills to properly assess errors and variances to reconcile data to complete settlements and provide reports assessing market outcomes
• Strong negotiating skills and the ability to make quick and reasonable decisions
• Advanced interpersonal skills to build and maintain positive business relationships

QUALIFICATIONS

MINIMUM EDUCATION AND/OR EXPERIENCE

Bachelor's degree from four-year college or university with three to five years related experience , or equivalent combination of education and/or experience related to the discipline.

COMMUNICATION SKILLS

• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations
• Ability to write reports, business correspondence, and procedure manuals
• Ability to effectively communicate in both writing and verbally

MATHEMATICAL SKILLS

• Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, and other business-related calculations
• Ability to apply concepts of basic algebra and geometry

COMPUTER SKILLS

• Working knowledge of energy scheduling systems, settlement systems and basic accounting systems is desired
• Strong skills in MS Excel spreadsheet software and MS Word processing software

ANALYSIS AND PROBLEM-SOLVING ABILITY

Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

PHYSICAL DEMANDS

While performing the duties of this job, the employee is occasionally required to stand and walk up to 2/3 of the time. Manual dexterity required and the ability to talk and listen. The employee must occasionally lift and/or move up to 25 pounds.

VISION REQUIREMENTS

Vision requirements include: close vision, color vision, and peripheral vision.

NOISE EXPOSURE

May be exposed to moderate noise.

WORK ENVIRONMENT

Office environment.

TRAVEL

Travel for offsite training and conferences may be required periodically.

SCHEDULE FLEXIBILITY

Schedule flexibility and the possibility of working extended hours to complete daily processes is required as needed.

SAFETY AND ADA STATEMENT

Safety Statement: Safety is a core value at (TXNM Energy/PNM/TNMP) and our vision, "everyone goes home safe", reflects our commitment to promoting an environment conducive to learning, improving and building safety practices. Our safety value is built upon the belief that every employee deserves to work in an environment free from harm.

Americans with Disabilities Act (ADA) Statement: If you require assistance with the job application process due to a disability, please contact HR ADA Analyst, at 505-241-4627.

EEO STATEMENT

Equal employment opportunity, including veterans and individuals with disabilities.

PI287593644