Senior Power Settlements Analyst
3 days ago
Location: Remote available in TX, MD, OH, PA, IL, MI
Reports To: Sr. Manager, Power/RECs Settlements
Just Energy is an equal opportunity employer committed to building a diverse and inclusive workplace. We invite all interested individuals to apply.
Job Summary:The Senior Power Settlements Analyst position is responsible for managing processes related to power settlements, ensuring timely and accurate settlement activities. This includes power gross margin calculation, analysis, and reporting. The role requires coordination with departments such as Supply, Risk, Treasury, Accounts Payable, Accounting, and Finance to identify and resolve issues, assist with cash forecasting, and fulfill settlement obligations with ISOs and other counterparties.
Responsibilities:- Provide secondary support for settlements, month-end close, and balance sheet reconciliation.
- Manage the option transaction registry.
- Develop and maintain procedures to ensure ISO invoices are reconciled, processed, and paid on time.
- Provide in-depth analysis of variances between actual and expected gross margin.
- Interact with external counterparties to resolve discrepancies.
- Work with Corporate Planning to ensure gross margin forecast accuracy.
- Identify optimization and saving opportunities and bring transparency to the cost of power.
- Use actual settled data to provide feedback to the Structuring team and assist in the calibration of retail pricing models.
- Support internal and external audit requests.
- 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).
- Well-versed in ISO rules and ISO charge-types to provide guidance to the team and assist with inquiries from leadership.
- Ability to develop and manage remote teams.
- Excellent Microsoft Office Suite skills.
- Working knowledge of ETRM/CTRM systems.
Just Energy offers a robust benefits plan, Employee Assistance Programs, and self-development courses. The company also provides several cost-free awards to recognize and reward employees.
We offer:
- Competitive compensation and incentives.
- Paid Holidays/Vacation.
- Company paid L&AD for employees plus Short-term disability.
- Personal and Career development resources.
- Hybrid -Remote Work Model depending on role.
- Health and wellbeing tools and resources.
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