Senior Power Settlement Analyst

Just Energy; United States; On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Competitive compensation and incentives

Company paid learning and development for employees

Health and wellbeing tools and resources

Job summary

Just Energy is seeking a Senior Settlements Analyst to oversee power settlements processes within a dynamic team. This role involves ensuring accurate settlement activities, performing variance analyses, and collaborating across departments to support financial goals. Ideal candidates will have extensive experience in the retail energy sector and robust analytical abilities. Join a company committed to renewable energy and employee growth, offering competitive compensation and an inclusive work environment.

Qualifications

• Minimum 10 years’ experience in retail energy sector.
• Experience in the power industry, including knowledge of ISO markets preferred.
• Detail oriented self-starter with strong analytical and communication skills.

Responsibilities

• Manage processes related to power settlements and ensure timely and accurate settlement activities.
• Provide support for settlements, month end close, and balance sheet reconciliation.
• Identify process gaps and implement process improvement initiatives.
• Develop and maintain procedures for processing ISO invoices.

Education

Undergraduate degree in finance/accounting

Master’s degree in accounting, finance, or business administration desired

Tools

ETRM/CTRM systems

Job description

Get AI-powered advice on this job and more exclusive features.

Reports To: Sr. Manager, Power/RECs Settlements

Just Energy and its subsidiaries are an equal opportunity employer. We are committed to building a workforce that reflects the communities we serve and to promote a diverse, inclusive, accessible, merit-based, respectful, and equitable workplace. We invite all interested individuals to apply.

Who is Just Energy?

Just Energy is a retail energy and consumer company focused on essential needs, including electricity and natural gas, health, and well-being, such as water quality and filtration devices; and utility conservation, bringing energy efficient solutions and renewable energy options to consumers. Currently, operating in the United States and Canada, Just Energy serves residential and commercial customers. Just Energy is the parent company of Amigo Energy, Filter Group Inc., Hudson Energy, Interactive Energy Group, and Tara Energy. Learn more at: www.justenergy.com.

Job Summary:

The Sr. Settlements Analyst position reports to the Sr. Manager, Power Settlements and manages processes related to power settlements. The primary responsibility of this role is to ensure all settlement activities related to accrual, actualization, reconciliation, and payment occur in a timely and accurate manner. Responsibilities include power gross margin calculation, analysis, and reporting. Requires coordination with departments including Supply, Risk, Treasury, Accounts Payable, Accounting and Finance to identify and resolve issues, assist with cash forecasting and variance analysis, and fulfill settlement obligations with ISOs and other counterparties.

Responsibilities:

• Provide support for all areas (settlements, month end close, balance sheet reconciliation) of the power and environmental settlements team.

• Identify process gaps and implement process improvement initiatives.

• Oversee the power options reporting process.

• Provide guidance on ISO market rules for ERCOT, PJM, NYISO, MISO, ISONE, AESO, and IESO.

• Develop and maintain procedures to ensure all ISO invoices are processed, reconciled and paid on a timely manner.

• Provide an in-depth analysis of variances between actual and expected power cost.

• Provide a detailed variance analysis between estimated and actual energy cost and provide feedback to Trading.

• Work with Treasury to ensure commodity cash forecast accuracy.

• Identify optimization and saving opportunities and bring transparency to cost of power reporting.

• Interact with external supplier counterparties to resolve discrepancies.

• Interact with internal partners as required including Legal, Supply Team, Accounts Payable, Accounts Receivable, Treasury, and Finance.

• Use actual settled data to provide feedback to the Structuring team and assist in the calibration of retail pricing models.

• Work with other teams across the company to implement and improve processes and systems supporting the activities above.

• Support internal and external audit requests.

• Work effectively and cooperatively in a team environment.

Qualifications and Educational Requirements:

• Undergraduate degree in finance/accounting from an accredited college or university with a master’s degree in accounting, finance, or business administration desired.

• Minimum 10 years’ experience in retail energy sector (familiarity with ISOs)

• Experience in the power industry, including knowledge of ISO markets preferred.

• Ability to develop and direct remote teams.

• Working knowledge of ETRM/CTRM systems.

• Business-oriented professional with strong intellect who can problem-solve and put processes into place.

• Interact and communicate effectively with senior leadership and business partners.

• Detail oriented self-starter with strong analytical, critical thinking and communication skills who can effectively manage multiple assignments.

• Ability to work independently and adaptable to a fast paced, fluid business environment

• Organized person who can plan and adjust to timing challenges of multiple deadlines.

• Work in a team environment to achieve goals of the department and the company.

• Light travel may be required.

Just Energy offers a robust benefits plan for staff members, as well as Employee Assistance Programs that offer a wealth of tools and resources to enrich the employee experience. The company also provides several cost-free, self-development courses for those that wish to build on their skills and competencies. In addition, a variety of awards offer another opportunity to recognize and reward employees.

We offer:

• Competitive compensation and incentives

• Company paid L&AD for employees plus Short-term disability.

• Personal and Career development resources with “growth” opportunity

• Hybrid -Remote Work Model depending on role

• Health and wellbeing tools and resources and more

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Analyst and Accounting/Auditing

• Industries

  Utilities and Services for Renewable Energy

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Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

Paid maternity leave

Paid paternity leave

Tuition assistance

Disability insurance

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