Senior Settlements Analyst

iberdrola; Boston (MA); On-site; USD 107,000 - 126,000; Full time

Benefits offered by this job

12% 401(k) match

Health, dental, vision insurance

Tuition reimbursement

Performance bonuses

Paid time off (PTO)

Career development

Job summary

Avangrid Power is seeking an experienced professional in Boston to manage timely and accurate settlement of power purchase and sales transactions. You will analyze contractual data, evaluate systems capabilities, and develop tools and procedures for new or non-standard transactions.

The role requires a bachelor’s degree in business/finance/accounting and 5 years in the energy sector, with strong communication skills and knowledge of information systems.

Qualifications

• Bachelor's degree in business, finance, accounting or related field.
• 5 years' experience in the energy industry or related responsibilities.
• Self-starting and motivated with ability to manage priorities and deadlines.
• Strong verbal and written communication skills across levels.
• Thorough knowledge of information systems.

Responsibilities

• Provide detailed reconciliation and settlement analysis for power transactions and books.
• Analyze discrepancies to reflect accurate trading positions and prices.
• Decompose complex contracts for settlement of components.
• Assist with monthly forecasts for flash operating results and month-end close.
• Develop and maintain advanced spreadsheet models for valuing energy assets.

Skills

Financial analysis

Communication

Self-motivation

Deadline management

Education

Bachelor's degree in business, finance, accounting or related field

Tools

ERP/Information systems

Job description

The base salary for this position is dependent upon experience and location.

Location: Boston, MA

Salary range: $107,000 to $126,000

Why Avangrid Power:

• Competitive benefits and growth opportunities
• Generous performance‑based bonuses & PTO
• 12% 401(k) match
• Comprehensive health, dental, and vision insurance
• Tuition reimbursement
• Professional development and clear career‑advancement pathways

For more information, please visit: Benefits - Avangrid

Job Summary

This role is responsible for the timely and accurate settlement of power purchase and sales transactions, including the analysis and reconciliation of contractual information and data, evaluation of systems capabilities, as well as the development of tools and procedures to handle new or non-standard transactions.

Key Responsibilities

• Provide detailed analysis in reconciliation and settlement of company trading books for a variety of complex power transactions including tolling, capacity, firming and shaping, transmission, balancing, and bucket deals
• Analyze and resolve discrepancies to ensure trading books reflect final trading positions and prices
• Decompose complex trading and asset contracts in order to account for and settle component parts
• Assist with preparation of monthly power trading book forecasts for inclusion in companies flash operating results and general ledger month-end closing
• Develop, enhance, and maintain sophisticated spreadsheet models used to value energy assets and contracts
• Manage a number of energy contracts and ensure all activities are in compliance with contract provisions
• Work closely with internal departments on implementation issues and participate in contract negotiations representing settlements as needed
• Monitor and analyze market performance and market updates related to trading operations and settlements
• Translate ISO policy changes into market settlement infrastructure design and processes
• Guide team members in identifying root causes of systemic data issues and recommends solutions
• Assist with preparing and managing daily margin status and agreements for power
• Provide assistance to Settlements Manager in evaluating and testing system enhancements and other matters as requested
• Adhere fully to internal controls and continually assess control design and effectiveness
• Demonstrated ability to structure a data analysis project and deliver against specific project goals
• Maintain thorough understanding of company's energy management systems and develop tools necessary to enhance capabilities or mitigate deficiencies as necessary

Required Qualifications

• Bachelor's degree in business, finance, accounting or related field with a strong background in financial analysis or the equivalent combination of education and experience
• 5 years' experience in the energy industry or other applicable work experience relevant to responsibilities of this position (the company may consider a candidate with less experience at a lower level)
• Must be a self-starting and motivated individual who is able to effectively manage priorities while meeting deadlines for deliverables
• Strong verbal and written communication skills with a proven ability to communicate effectively at all levels
• Thorough knowledge and previous experience with one or more information systems

Preferred Qualifications

• Advanced excel skills
• A knowledge and understanding of the electricity industry or other similar business
• Thorough knowledge of energy systems performing energy analyses for renewable energy market in organized power pools such as ERCOT, MISO, CAISO, and PJM

Competencies

• Growth & Continuous Improvement
• Initiative & Change
• Focused on Results
• Customer Centric (internal and/or external)
• Communication
• Collaboration
• Leadership (people managers/leaders)

Disclaimer

All offers of employment are contingent upon the successful completion of a medical exam, background check, references, drug screen, verification of legal right to work in the U.S., and in some cases, a credit check. A credit check will be administered when a prospective employee will be working in Finance, Accounting, Treasury or where duties may involve handling of funds, accounts, or cash. A Motor Vehicle (MVR) check will be administered when a prospective employee will be regularly using a company vehicle. Avangrid Power is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as an individual with a disability, or any other status or class protected by federal or state law.

Avangrid employees may be assigned a system emergency role and in the event of a system emergency, may be required to work outside of their regular schedule/job duties. This is applicable to employees that will work in Connecticut, Maine, Massachusetts, and New York within AVANGRD Network and Corporate functions. This does not include those that will work for Avangrid Power.