Manager of Settlements Billing

Hyperscale Energy Services LLC; Fredericksburg (VA); Remote; USD 80,000 - 120,000; Full time

Job summary

A leading company in the energy sector is seeking a Manager of Settlements and Billing. This role involves overseeing the billing processes for wholesale energy markets, ensuring compliance with regulations, and managing the performance of an Analyst. The ideal candidate will have strong analytical and leadership skills to foster a collaborative environment.

Benefits

401(k) matching

Bonus based on performance

Dental insurance

Health insurance

Paid time off

Tuition assistance

Vision insurance

Wellness resources

Qualifications

• Experience with PJM Interconnection's wholesale energy markets.
• Proficiency in settlements and billing systems.
• Strong understanding of financial regulations and compliance.

Responsibilities

• Lead development of settlements and billing systems.
• Oversee timely completion of billing and invoicing.
• Act as primary contact for billing inquiries.

Skills

Analytical skills

Communication

Leadership

Customer service

Education

Bachelor's degree in Finance, Accounting, or related field

Job description

Position Summary

The Manager of Settlements and Billing is responsible for overseeing the verification, validation, and processing of transactional data related to scheduled power from PJM Interconnection’s wholesale energy markets to support multiple large commercial data center customers. This role ensures the accuracy of settlement calculations, compliance with PJM market rules, and timely customer invoicing.

Reporting directly to the Vice President of Market Services, the Manager will oversee an Analyst role to support settlement and billing operations.

Key Duties and Responsibilities

Lead the development, maintenance, and enhancement of an in-house settlements and billing system, ensuring compliance with PJM tariffs, operating agreements, contracts, technical procedures, and government regulations.

Oversee the Settlements and Billing Analyst, ensuring the accurate and timely completion of billing and invoicing between the RTO and customers. Develop and mentor the Settlements and Billing Analyst, fostering a culture of accountability, collaboration, and continuous improvement.

Act as the primary point of contact for PJM billing inquiries and all other customer billing concerns, proactively addressing issues through transparent communication and resolution strategies.

Ensure accuracy and transparency in billing by coordinating information exchange between impacted parties.

Review and approve invoices before distribution to maintain billing accuracy and compliance.

Serve as the primary liaison between Hyperscale and external financial accounting vendors, ensuring alignment on billing and settlement processes.

Monitor compliance with PJM credit obligations, ensuring customers maintain adequate financial resources to meet payment requirements.

Maintain accurate records of all billing transactions to support financial audits and regulatory requirements. Provide guidance on internal controls to ensure compliance and operational integrity.

Work cooperatively with the Manager of Energy Scheduling to ensure that all customer load is settled and billed in accordance with power supply agreements.

Other Duties and Responsibilities

Collaborate with cross-functional teams to resolve complex settlement disputes, ensuring awareness of upstream and downstream impacts on financial and operational processes.

Monitor PJM market practices and policy updates, actively participating in stakeholder meetings and user groups to stay informed of business rule changes and implement necessary updates to the internal settlements system.

Support financial reporting requests across the organization, ensuring data accuracy and alignment with reporting requirements.

Perform other duties as assigned by the Vice President of Market Services.

NOTE: The duties listed are not intended to be all-inclusive. Additional responsibilities may be assigned at the discretion of upper management.

Benefits:

401(k) matching

Bonus based on performance

Competitive salary

Dental insurance

Health insurance

Paid time off

Tuition assistance

Vision insurance

Wellness resources

This is a remote position.