ISO Power Settlement Specialist

Jain Global; Houston (TX); On-site; USD 120,000 - 150,000; Full time

Job summary

Jain Global is seeking an experienced ISO Power Settlement Specialist in Houston, with deep expertise in U.S. Power markets and Physical Natural Gas, to own end-to-end settlement across multiple ISOs and gas markets.

You will partner with trading, risk, accounting, treasury, and credit teams to ensure accurate settlement outputs feed downstream P&L, accounting and cash management processes, and will drive scalable controls and process improvements throughout settlement workflows.

Qualifications

• 5-8 years of experience in commodities operations, settlements, or middle office.
• Strong experience with U.S. Power markets, including PJM, MISO, ERCOT, ISO-NE, NYISO, CAISO, SPP.
• Experience with Physical Natural Gas settlements.
• Hands-on experience with FTRs / CRRs, Virtual transactions, Physical gas settlements.
• Deep understanding of Day-Ahead and Real-Time market structures and ISO settlement statements.

Responsibilities

• Settlement Ownership & Accountability: own settlements across U.S. Power and Physical Natural Gas.
• Cross-Functional Coordination with trading, risk, accounting, treasury and credit teams.
• Invoice Review & Validation of ISO/RTO and bilateral invoices across markets.
• Lead settlement and reconciliation for FTRs, CRRs, virtual transactions, and physical gas.
• Reconciliation & Dispute Management to resolve discrepancies within ISO timelines.
• Develop scalable settlement processes, controls, and documentation.
• Ensure settlements are reflected in financial reporting and P&L with clear audit trails.

Skills

Settlement ownership

End-to-end processing

Analytical skills

Communication

Tools

ETRM systems

Job description

ISO Power Settlement Specialist

Location: Houston, Texas or New York, New York

We are seeking an experienced Commodities Operations Associate with deep expertise in U.S. Power markets and Physical Natural Gas. This role will serve as the dedicated settlement owner, responsible for end-to-end validation, reconciliation, and analysis of complex commodity transactions across multiple ISOs and gas markets.

Key Responsibilities

• Settlement Ownership & Accountability
  • Serve as the single point of ownership for settlements across U.S. Power (PJM, MISO, ERCOT, ISO-NE, NYISO, CAISO, SPP) and Physical Natural Gas.
  • Establish and maintain a consistent, controlled settlement process across all products and markets.
  • Act as the subject-matter expert for settlement-related inquiries and issues.
• Cross-Functional Coordination
  • Partner closely with trading, risk, accounting, treasury, and credit teams to ensure alignment across the transaction lifecycle.
  • Ensure settlement outputs accurately feed downstream P&L, accounting, and cash management processes.
• Invoice Review & Validation
  • Interpret ISO/RTO and bilateral invoices, validating accuracy of charges and credits across:
  • Day-Ahead and Real-Time markets
  • Ancillary services
  • Capacity payments
  • Transmission and congestion-related charges
• Product Coverage
  • Lead settlement and reconciliation for:
  • FTRs (Financial Transmission Rights)
  • CRRs (Congestion Revenue Rights)
  • Virtual transactions
  • Physical Natural Gas
• Reconciliation & Dispute Management
  • Reconcile internal systems against ISO statements and counterparty invoices.
  • Identify discrepancies quickly and submit disputes within ISO-mandated timelines.
  • Track and resolve open items through to completion.
• Process & Control Enhancement
  • Build and enhance scalable settlement processes, controls, and documentation.
  • Improve transparency, auditability, and operational efficiency across settlement workflows.
• Reporting & Financial Integrity
  • Ensure settlements are accurately reflected in financial reporting and P&L.
  • Maintain clear audit trails and support internal/external audits.

Required Qualifications

• 5-8 years of experience in commodities operations, settlements, or middle office.
• Strong experience with U.S. Power markets, including one or more of:
  • PJM, MISO, ERCOT, ISO-NE, NYISO, CAISO, SPP
• Experience with Physical Natural Gas settlements.
• Hands-on experience with:
  • FTRs / CRRs
  • Virtual transactions
  • Physical gas settlements
• Deep understanding of:
  • Day-Ahead and Real-Time market structures
  • ISO settlement statements, charge codes, and dispute processes
• Proven ability to manage end-to-end settlement ownership with minimal oversight.

Preferred Qualifications

• Global commodities exposure (e.g., Oil, Renewables, Refined products).
• Familiarity with ETRM systems and data tools.
• Experience interfacing directly with ISOs/RTOs and navigating market documentation.
• Working knowledge of accounting principles related to commodity settlements.

Key Attributes

• Strong ownership mentality with clear accountability for outcomes.
• Ability to operate as a centralized settlement expert across multiple products and markets.
• Highly detail-oriented with strong analytical and reconciliation skills.
• Proactive problem-solver with a sense of urgency around discrepancies and deadlines.
• Effective communicator, capable of coordinating across multiple internal stakeholders.

Compensation

Jain Global offers a total compensation package which includes a base salary, discretionary bonus, and comprehensive benefits. The estimated base salary range for this position is $120,000 to $150,000, which may change in the future. When finalizing an offer, we take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.

We are an Equal Opportunity Employer As an employer, we believe every individual brings with them unique diversity of thought and perspectives to meaningfully enrich perspectives of Jain Global teams to drive competitive performance. We believe an inclusive environment can yield exceptional contributions.