Settlements Manager

AES Corporation; Houston (TX); On-site; USD 90,000 - 120,000; Full time

Job summary

AES Corporation is seeking a Settlements Manager to oversee the timely settlement of third-party and intercompany commodity-related trades. The role involves managing a team, ensuring accurate weekly and monthly statements, and liaising with the Commercial Team and other finance groups to maintain strong relationships.

The ideal candidate will have a Bachelor's degree in Accounting or Finance, at least eight years of relevant experience, and be adept with tools like Adapt2 and SAP. This position is based in Houston, Texas.

Qualifications

• Minimum of eight years relevant accounting/settlement experience or experience in the Energy Industry.
• Team working capabilities along with strong interpersonal skills.
• Proven experience in identifying continuous improvement opportunities.

Responsibilities

• Accountable for accurate and timely completion of Settlement activities within area of responsibility.
• Generate customer invoices and supporting documentation.
• Ensure funds are received and paid on time, accurately.

Skills

Interpersonal skills

Attention to detail

Project management

Change management

Education

Bachelor's degree in Accounting or Finance

Tools

Adapt2

Allegro

SAP

Microsoft Excel

Job description

Settlements Manager – AES Clean Energy, LLC ("CE")

The primary purpose of the Settlement Manager role is to settle third‑party and intercompany commodity related trades in a timely and accurate manner. Additionally, the Settlement Manager ensures weekly and monthly statements from various RTOs and ISOs are accurate and accounting is appropriately recorded based on the statements. This role is accountable for managing a team as well as frequent interaction with the Commercial Team, Market Operations, and other teams within Finance.

Key Accountabilities

• Accountable for accurate and timely completion of Settlement activities within area of responsibility.
• Generate customer invoices and supporting documentation.
• Settle all 3rd party and intercompany transactions per contractual terms.
• Ensure funds are received and paid on time, accurately; liaise with counterparties to resolve discrepancies and provide thorough explanations for any outstanding balances.
• Participate in the monthly close process including P&L tie‑outs, journal entries, and trade exception reporting and clearing.
• Provide exceptional internal and external customer service to build and strengthen relationships.
• Proactively seek opportunities to standardize, simplify and automate processes to improve performance and efficiency, and address underlying root causes.
• Assist in ensuring assets are appropriately set up in the Company ETRM system.
• Provide support in response to internal/external audits and litigation.
• Complete and support special projects as assigned.

Essential Education

• Bachelor's degree in Accounting or Finance or other similar business degrees.

Essential Experience and Job Requirements

• Minimum of eight years relevant accounting/settlement experience or experience in the Energy Industry.
• Team working capabilities along with strong interpersonal skills.
• Ability to support change.
• Understanding of commodities derivatives as well as cash‑flow hedging concepts.
• Proven experience in identifying continuous improvement opportunities.
• Able to identify and implement innovative solutions.
• Attention to detail.

Technical Skills

• Adapt2, Allegro & SAP experience preferred.
• Microsoft Excel (Intermediate) skills.
• Good understanding of internal controls.
• Understanding of settlement processes.
• Results oriented with strong follow‑through and ability to bring accountabilities to timely completion.

Equal Opportunity Employer Statement

AES is an Equal Opportunity Employer who is committed to building strength and delivering long‑term sustainability through diversity and inclusion. Respecting all backgrounds, differences and perspectives enables us to improve the lives of our people, customers, suppliers, contractors, and the communities in which we live and work. All qualified applicants will receive consideration for employment without regard to sex, sexual orientation, gender, gender identity and/or expression, race, national origin, ethnicity, age, religion, marital status, physical or mental disability, pregnancy, childbirth, or related medical condition, military or veteran status, or any other characteristic protected under applicable law.

E-Verify Notice

AES will provide the SSA and, if necessary, DHS with information from each new employee's I-9 to confirm work authorization.