Settlement Operations Analyst

NYISO; New York (NY); Hybrid; USD 68,000 - 116,000; Full time

Job summary

An established industry player is seeking a dedicated Settlement Operations Analyst to join their Finance department. This role involves ensuring the integrity of billing data, performing detailed analyses, and compiling invoices for management review. The ideal candidate will have a strong background in data analysis and financial systems, along with excellent communication skills. With a commitment to employee development and a flexible work environment, this position offers a unique opportunity to contribute to the efficient flow of electricity across the state while enjoying a balanced work-life dynamic.

Benefits

Comprehensive benefits package

Flexible work environment

Work-life balance

Professional development opportunities

Qualifications

• 5 years of analyst experience in the utility industry or market trading.
• Ability to read and interpret business journals and technical procedures.
• Intermediate competency in MS Office applications.

Responsibilities

• Monitor and report on data integrity for the settlements process.
• Compile and reconcile Weekly and Monthly Invoice files.
• Provide guidance to Associate Analysts in departmental processes.

Skills

Data Analysis

Financial Systems

Report Writing

Communication

Basic Algebra

Education

Bachelor’s Degree in Accounting

Bachelor’s Degree in Business

Bachelor’s Degree in Economics

Bachelor’s Degree in Finance

Tools

Salesforce

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

SAS

Job description

The New York Independent System Operator (NYISO) manages the efficient flow of electricity on more than 11,000 circuit-miles of high-voltage transmission lines, dispatching power from hundreds of generating units across the state.

The NYISO’s Finance department invites applications for a full-time Settlement Operations Analyst.

The Settlement Operations Analyst screen billing determinant data for completeness and accuracy through structured analyses of dispatch interval and hourly meter and performance tracking and report upon observed variances and anomalies as prescribed through procedures. They will compile and reconcile Weekly and Monthly Invoice files for review by Finance management as assigned. Invoice processing may include manual adjustments, Working Capital, TCC/ ICAP auction results, and interest calculations and post-invoice comparative analysis and projections or peer reviews of these processes.

ESSENTIAL DUTIES and RESPONSIBILITIES

• Daily monitoringand reporting upon the integrity of data integral to the settlements process, utilizing the following systems:
  • External communication systems
  • Internal communication systems
  • Market Information System (MIS)
  • Security Constrained Unit Commitment (SCUC)
  • Real-time Commitment (RTC)
  • Real -time Dispatch (RTD)
  • Performance Tracking System (PTS)
  • Market Information System archival (MISHIST)
  • Consolidated Invoice and Customer Settlements Interface (CI/CSI)
  • Salesforce
  • Microsoft Suite (Excel, Word, PowerPoint)
• Data analyses as prescribed by departmental procedure include:
• Reporting of billing determinant data integrity, including generator meter and performance data and tie meter flows.
• Verification and validation of generator out-of-merit statuses
• Receipt and validation of generator requests for out-of-merit billing treatment during start-up/shut-down and testing periods.
• Compile, store and retrieve documentation
• Support Meter Data Management Protocols and timelines.
• Coordination with Meter Authorities on initial receipt and processing and updates of generator, tie and load meter data in accordance with the associated provisions of the NYISO tariff.
• Documentation of results and reporting of anomalous data based on analyses performed on meter data
• Confirmation of tie-line flows, system withdrawals and transmission service schedules
• Coordination with external control area representatives in reconciling inter-flow schedules and actuals
• Compile and reconcile Weekly and Monthly Invoice files for review by Finance management, to include:
• Manual adjustment calculation and entry or peer review
• Interest calculations
• Cross train to learn other functions in the department.
• Perform work under the guidance of Senior Analysts and report issues to more senior department members.
• Provide direction and guidance to Associate Analysts in performance of departmental processes, as necessary.
• May perform other analyses, structured and ad hoc, as directed.
• Special projects as assigned.

QUALIFICATIONS:

• Bachelor’s Degree (BS, Accounting, Business, Economics or Finance) required.
• Five years related analyst experience, utility industry or market trading desired, using financial and accounting systems, NYISO or Market Participant experience a plus; or equivalent combination of education, training and experience.

ADDITIONAL REQUIREMENTS

• Ability to read, analyze and interpret general business periodicals, professional journals, technical procedures or government regulations. Ability to write reports, business correspondence and procedures. Ability to effectively present information and respond to questions from managers, vendors, market participants and the general public.
• Ability to calculate figures and amounts such as discounts, interest and percentages. Ability to apply concepts of basic algebra to practical situations.
• Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.
• Intermediate competency in Windows operating environment using MS Office applications, e-mail and internet programs. Intermediate proficiency in the SAS statistical analysis software a plus.

PHYSICAL DEMANDS

While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand, walk, sit and use hands to perform routine office tasks. The employee is occasionally required to reach with hands and arms. The employee must occasionally lift and/or move up to 15 pounds. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

WORK ENVIRONMENT

The noise level in the work environment is usually moderate. Contact with staff and public will occur. Travel may be required to attend and/or conduct meetings, conferences and training. This position may require work on nights, weekends or holidays.

The NYISO takes pride in recruiting, developing and retaining highly talented individuals. In addition to competitive salaries, we offer a comprehensive benefits package and innovative reward programs.

The NYISO offers the flexibility to work both in the office and remotely, providing our employees with an enhanced work life balance. While the majority of the responsibilities of this role can be performed remotely, employees will have on-site requirements based on business needs.

All offers of employment will be made contingent upon the successful completion of a drug screening and background check.

The NYISO is an Equal Opportunity Employer and as such, does not discriminate in its hiring or employment practices.

Salary Range

$68,900 - $115,200 USD

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