Operation Settlement Analyst/Manager

Five Dimensions Energy LLC; Princeton (NJ); On-site; USD 80,000 - 95,000; Full time

Benefits offered by this job

Career growth opportunities

Professional development support

Competitive compensation packages

Comprehensive health benefits

Job summary

An energy company based in New Jersey is seeking an ISO/RTO Settlement Analyst with 4–7 years of experience in ISO settlement processes. The candidate will be responsible for daily settlement activities across various markets and process reconciliations, ensuring data accuracy and supporting PnL transparency. Ideal applicants possess a BS or MS in a related field, strong analytical skills, proficiency in Excel, and effective communication abilities. The role offers competitive compensation and opportunities for career growth.

Qualifications

• 4–7 years of experience in ISO settlement or energy trading operations.
• Hands-on experience with exchange-cleared products settlement (ICE, CME, etc.).
• Strong understanding of ISO/RTO settlement structures.

Responsibilities

• Perform day-to-day settlement activities across ISO/RTO markets.
• Process and reconcile FTR settlements and validate ISO invoices.
• Collaborate with teams to ensure accurate PnL reporting.

Skills

Analytical mindset

Problem-solving ability

Effective communication

Attention to detail

Proficiency in Excel

Education

BS or MS in Accounting, Finance, or related discipline

Tools

SQL

Python

ETRM software

Job description

We are seeking a detail-oriented ISO/RTO Settlement Analyst with junior to mid-levelexperience to join our Mid-Office/Back-Office operations team. The ideal candidate hasseveral years of experience with exchange settlement processes and exposure to ISO/RTOmarkets, preferably within FTR, energy marketing, trading, or power market operations.This role plays a critical part in ensuring accurate settlements, validating complex marketdata, supporting PnL transparency, and helping maintain strong commercial controlsacross our trading and scheduling activities.

Key Responsibilities

• Perform day-to-day settlement activities across ISO/RTO markets (e.g., PJM, MISO, ERCOT, CAISO, SPP, NYISO, ISO-NE).
• Process and reconcile FTR settlements, including auction revenue rights (ARR), congestion rents, credit calculations, and contract settlement flows.
• Validate and reconcile ISO invoices, identifying discrepancies and working with internal teams and ISOs to resolve settlement issues.
• Support exchange settlement processes, including daily/weekly/monthly reconciliation for cleared trades (ICE, CME, Nodal Exchange, etc.).
• Monitor settlement variances, investigate root causes, and escalate issues as needed.
• Collaborate with Front-Office, Risk, and Accounting teams to ensure accurate PnL reporting and position data.
• Assist with automation, process improvements, and controls enhancement to increase efficiency and reduce operational risk.
• Maintain high-quality records, documentation, and adherence to compliance requirements.
• Support ad-hoc projects including reporting, system enhancements, data cleanup, and market rule updates.

Required Qualifications

• BS or MS in Accounting, Finance, Audit, Business, Economics, or a closely related quantitative or operational discipline.
• 4–7 years of experience in ISO settlement, exchange settlement, energy trading operations, or similar back-office/mid-office roles.
• Strong understanding of ISO/RTO settlement structures, charge types, FTR/CRR processes, or congestion/auction mechanics.
• Hands-on experience with exchange-cleared products settlement (ICE, CME, Nodal, etc.).
• Proficiency with Excel; exposure to SQL, Python, or data tools a plus.
• Strong analytical mindset with excellent problem-solving ability and attention to detail.
• Ability to manage multiple priorities and deadlines in a fast-paced trading environment.
• Effective communicator with the ability to liaise across technical and commercial teams.

Preferred Qualifications

• Experience with power trading or FTR portfolios.
• Familiarity with risk systems, ETRM software, or custom settlement tools.
• Exposure to power flow, congestion concepts, or locational marginal pricing (LMP) fundamentals.
• Prior experience supporting process automation or workflow improvement.

What We Offer

• Career growth opportunities within a rapidly evolving energy markets environment
• Support for professional development, including mentorship, continuous learning, and assistance with relevant professional certifications
• Competitive compensation packages
• 401(k) with company match, and comprehensive health, dental, and vision benefits