Energy Settlements Specialist

2 weeks ago


Chicago, Illinois, United States RWE Full time
About the Role

We are seeking a highly skilled Energy Settlements Specialist to join our team at RWE Supply & Trading. As a key member of our Back Office US function, you will play a critical role in ensuring the smooth operation of our wholesale, contract, and trade settlements in North American markets.

Key Responsibilities
  • Manage contract relationships with external customers by ensuring timely and accurate invoicing across various energy markets.
  • Analyze revenue sources for proper revenue recognition of electricity sales contracted via Power Purchase Agreements (PPAs) and merchant energy sales.
  • Conduct meter validation and confirm shadow calculations are accurate and within tolerance.
  • Communicate and manage validated settlements accrual and invoice data to Revenue Accounting teams for timely and accurate entries.
  • Enhance your expertise in electric market settlements (ex. ERCOT, PJM, MISO, NYISO, etc.).
  • Maintain and enhance all Settlement systems including PCI, ENDUR, and various complex Excel models as well as assist in special projects.
  • Manage auditor requests related to revenue and receivables, ensuring timely completion of supporting schedules.
Requirements
  • Minimum 4 years of experience in energy settlement with focus on Power Purchase Agreements, merchant sales and energy hedge transactions.
  • Undergraduate degree in business, math, engineering, environmental sciences, accounting, finance, econ, or related field or relevant work experience.
  • Exceptional communication skills as there is frequent contact with the Traders, Schedulers, and Finance, as well as Back Office teams in Swindon and Essen.
  • Extremely well organized and detail oriented with excellent problem-solving skills.
  • A self-starter with excellent interpersonal and communication skills.
  • Strong ability to work in a collaborative environment.
  • Strong knowledge of MS Office (including Excel, Word, PowerPoint and Outlook).
  • Eagerness to learn more and take on challenges in a rapidly growing and dynamic environment.
  • Enthusiastic about providing good customer service experience for internal and external customers and willingness to perform knowledge sharing with other team members.
Advantageous, not a must
  • Basic knowledge of IT software such as PCI, ENDUR, and SAP.
  • Software integration project experience (i.e. requirements creation, design collaboration, and User Acceptance Testing).
About RWE

RWE Supply & Trading is the interface between RWE and the energy markets around the world. Approximately 2000 employees from over 50 different countries trade (renewable) electricity, (green) gas, commodities and CO2 emission allowances. The trading entity also ensures the commercial optimisation of RWE's power plant dispatch and markets electricity from renewables.



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