Energy Settlements Analyst

CPS Energy; San Antonio (TX); On-site; USD 70,000 - 100,000; Full time

Job summary

CPS Energy in San Antonio, TX seeks an Energy Accounting & Settlements Analyst to ensure timely, accurate settlement of physical and financial wholesale energy transactions in ERCOT. The role includes daily cash settlements, counterparty billing, and participation in month-end close processes.

The ideal candidate will have strong analytical and financial skills, experience with ERCOT protocols and related settlements, and the ability to work in a fast-paced environment.

Qualifications

• Requires solid analytical and financial foundation.
• Bachelor’s degree in Finance, Accounting, Auditing or related field or 60 credit hours and enrollment.
• Proficiency in MS Office and ability to work with large data sets.

Responsibilities

• Settle daily cash settlements with ERCOT and external counterparties.
• Ensure settlements align with contracts and protocols.
• Support month-end close, analyze cost allocations and document findings.
• Provide input on settlement system design requirements.
• Prepare reports to meet ERCOT, PUCT and internal accounting requirements.

Skills

ERCOT settlements knowledge

MS Office

Analytical skills

Team collaboration

Education

Bachelor’s degree in Finance/Accounting/Auditing

Tools

PCI GenTrader

Scheduling systems

Billing systems

Job description

Pay Grade

11

Deadline to Apply: November 11, 2026, at 11:59 p.m. CT

We are seeking an analyst for the Energy Accounting & Settlements area. This position will be responsible for the timely, accurate settlement of all physical and financial wholesale energy transactions in the Energy Reliability Council of Texas (ERCOT) market, as well as daily activities related to counterparty billing and payments. The successful candidate will have a strong analytical & financial foundation, an interest in challenging assignments in a fast-paced, dynamic environment, and a clear desire and aptitude for professional growth and development.

Tasks and Responsibilities

• Performing functions necessary to support daily cash settlements with ERCOT and other external counterparties.
• Ensuring all settlement transactions are per contracts and protocols.
• Performing functions necessary to support the month-end close process, including settlement sub-ledger and post-analysis reconciliations. From large volumes of dynamic data, analyzing and documenting cost allocation results, including making recommendations to management on allocating costs between operational strategies.
• Providing input on design requirements of the settlement system.
• Monitoring PCI System performance and communicating and tracking issues with vendor and/or EMO IT.
• Prepare reports to comply with PUCT, ERCOT, and internal accounting requirements. Performing ERCOT protocol research in order to evaluate the impact and determine proper implementation of complex settlement standards.
• Writing position papers to ensure that implementation of protocols is well documented and consistent with guidance provided by ERCOT.
• Consulting with independent auditors on accounting matters and disclosure requirements as required.
• Support the annual IT general controls audit as part of the financial audit.
• Preparing PBCs and other supporting schedules for the annual external audit.
• Communicating and responding to inquiries, both in writing and verbally, to all levels of CPS Energy on post-analysis allocation theory and concepts.
• Strong analytical skills and ability to resolve complex issues independently, leveraging internal and external resources

Minimum Knowledge and Abilities

Relative experience in program/project management for Operational Units.

Basic knowledge of fundamental concepts, practices and procedures of a particular field of specialization.

Ability to set priorities, organize work and make occasional exceptions.

Ability to work in a team environment, coordinating with other areas to achieve goals and objectives.

Ability to work in a variety of locations such as the field, construction centers and the main office.

Initiative to work independently or as a member of a team, coordinating with others to achieve desired results.

Well-developed written and verbal communication skills for interaction with all levels of personnel.

Ability to meet goals and objectives with minimal direct supervision.

Effective interpersonal and customer service skills.

Ability to make recommendations and independent decisions.

Proficient in Microsoft Office Package, including word processing, spreadsheets, database, presentation software, electronic mail and scheduling.

Preferred Qualifications

• Knowledge and/or experience in ERCOT settlements and billing.
• Working knowledge and/or experience in wholesale energy markets.
• Working knowledge of ERCOT market protocols and their application to the operation of a diverse generation portfolio to meet load obligations.
• Experience with computer systems used to manage scheduling, delivery, billing, and payment for wholesale energy services.
• Familiarity with master enabling agreements for wholesale power and natural gas transactions.
• Familiarity with processes for production cost modeling and post-transaction analysis for wholesale power marketing.
• Familiarity with operational systems used to implement ERCOT deployments, preferably PCI GenTrader.

Demonstrating Initiative

• Working with Ambiguity
• Driving for Results
• Evaluating and Implementing Ideas
• Driving Continuous Improvement
• Communicates Effectively

Bachelor’s degree in Business Administration with concentration in Finance, Accounting, Auditing or related field from an accredited university OR 60 hours of course credit AND currently enrolled in college working towards degree.

Required Certifications

Indoor work, operating computer, manual dexterity, talking, hearing, repetitive motion. Use of personal computing equipment, telephone, multi-functioning printer and calculator.

Ability to travel to and from meetings, training sessions or other business related events.

Physical Demands

Exerting up to 10 pounds of force occasionally, and/or a negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects, including the human body.

Sedentary work involves sitting most of the time. Jobs are sedentary if walking and standing are required only occasionally, and all other sedentary criteria are met.

CPS Energy does not discriminate against applicants or employees. CPS Energy is committed to providing equal opportunity in all of its employment practices, including selection, hiring, promotion, transfers and compensation, to all qualified applicants and employees without regard to race, religion, color, sex, sexual orientation, gender identity, national origin, citizenship status, veteran status, pregnancy, age, disability, genetic information or any other protected status. CPS Energy will comply with all laws and regulations.