Settlements Manager

Job Specifications

Black Hills Energy is people powered and purpose driven. Our team uses the power of energy to improve life for over one million customers in 800+ communities across the West and Midwest. We seek talented, caring people who embody our core values and contribute to a culture of inclusion and growth. As an organization, we believe the best part of working on our team is our commitment to making tomorrow better than today—for our customers, communities and each other.

Position summary:

We are seeking a detail-oriented and strategic Energy Imbalance Market (EIM) Settlements Manager to lead settlement operations within the California Independent System Operator (CAISO) framework. This role is critical to ensuring accurate financial reconciliation of market transactions and maintaining compliance with CAISO protocols.

Pay Range: $113,650 - $187,700 (This posting includes the full pay range for this position. Pay is based on a number of factors and may vary depending on job-related knowledge, skills, experience, and internal equity.)

Reporting Relationship: VP Corporate Controller

Location: Rapid City, South Dakota

Essential Functions:

• Manage the end-to-end settlement process for CAISO's Energy Imbalance Market.
• Interpret and apply CAISO tariff provisions and Business Practice Manuals (BPMs).
• Validate Settlement Quality Meter Data (SQMD) and ensure alignment with market transactions.
• Investigate and resolve settlement discrepancies with market participants.
• Collaborate with IT and analytics teams to enhance settlement tools and reporting.
• Monitor and implement changes to CAISO charge codes and settlement rules.
• Prepare financial reports and support audits and regulatory filings.
• Represent the organization in CAISO stakeholder meetings and working groups.
• Own, prepare and update internal and external processes and procedures.
• Lead a team through setting performance goals, providing training, coaching and ensuring team effectiveness

Additional Responsibilities:

• Develop and maintain working relationships with key internal and external stakeholders.

What Is Required:

• Bachelor's degree in Finance, Economics, Engineering, Mathematics, Statistics, or a related field (Master's preferred).
• Minimum of 5 years of experience in energy market settlements, preferably within CAISO or another ISO/RTO.

What Is Desired:

• Masters in finance, economics, engineering or other related field.
• Experience with CAISO BPMs and tariff documentation.
• Familiarity with Congestion Revenue Rights (CRRs) and Market Operations.
• Ability to lead cross-functional teams and manage complex projects.
• Strong understanding of CAISO market structure, charge codes, and settlement processes.
• Proficiency in Excel, SQL, and data analysis tools.
• Demonstrated management skills.
• Excellent communication, analytical and problem-solving skills.

This description is not intended to be an all-inclusive list of responsibilities, duties, and requirements for employees in this position. Job descriptions may and do change periodically. Where positions are covered by a collective bargaining unit agreement, the terms and conditions of the agreement will apply.

About our Company: We are a customer, growth and safety focused utility company that is dedicated to our communities. We improve life with energy as an energy partner of choice. Our diverse culture fuels unique perspectives, opening doors to new insights and possibilities. Based in Rapid City, South Dakota, we have over 3000 employees and serve 1.3 million natural gas and electric utility customers across eight states (South Dakota, Montana, Wyoming, Colorado, Nebraska, Iowa, Kansas, and Arkansas).

Enjoy our Comprehensive Benefits Package Annual discretionary bonuses, 401(k) (6% company match and up to 9% company retirement contribution), tuition reimbursement, generous paid time off benefits, including paid holidays and parental leave, company paid life insurance and disability benefits (short and long term), an employee assistance program and well-being benefits, and competitive medical, dental and vision insurance.

Candidates must successfully pass a pre-employment drug screen and background check. If there is anything that may show up in these reports that may conflict with the position requirements, feel free to contact the Black Hills Energy recruiting team at

Black Hills Energy does not sponsor applicants for work visas. All applicants must be legally authorized to work in the US.

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, or status as a protected veteran. If you require reasonable accommodation, please visit for more information.