Senior Settlements Analyst
Job Summary: (includes but is not limited to the following, other duties may be assigned):
The Senior Settlement Analyst’s primary responsibility is to validate and reconcile ISO/RTO invoices and verify all charges and credits are accurately allocated through internal processes for all Calpine related retail brands. They will report directly to Manager, Market Settlements.
a. Maintain and manage the settlement system to ensure interface data is loading and ready for proper calculation of market costs.
b. Update internal procedures and processes as necessary to reflect market changes in the related ISO/RTO.
c. Understand settlement rules, timelines, supporting files and reconcile the ISO/RTO market settlement statement to confirm that new and revised charges are configured in accordance with published Business Practice Manuals and Tariffs.
d. Verify positions for power transactions.
e. Identify potential problems, present alternatives and propose solutions.
f. Communicate efficiently with business partners, team members and Management.
g. Assist in developing detailed requirements and functional design for back-office settlement tools.
h. Participate in ISO/Regulatory calls as necessary to monitor and understand market changes.
a. Provide initial and final billing curves monthly for respective ISO/RTOs.
b. Approximate the additional costs/credits from ISO/RTO for unbilled obligations.
c. Calculate the monthly reserve estimating the dollars for Billing true-ups as part of the Accounting Estimate-to-Actual process.
d. Provide various reports to Operations, Pricing, Analytics, Accounting, and Customers (as needed).
e. Balance sheet reconciliation/general ledger tie out for ISO/RTO charges.
f. Coordinate with Accounting to identify areas to improve the monthly process.
g. Provide timely and accurate information to both external and internal customers.
3. Load Shaping and Line Losses:
a. Review utility tariffs and documents specific rules relating to adjustments of metered load prior to settlement including but not limited to load profiles, loss factors and unaccounted for energy.
b. Set up and maintain load profile and loss factor values in Lodestar and Intelometry inRetail/Data Analyzer.
c. Generate and validate internally built load profiles using utility published algorithms, tables and weather.
d. Validate downloaded utility data and ensure the data is uploaded in the appropriate internal systems with audited results.
e. Respond to inquiries from Front/Mid/Back office personnel in regards to shaping and losses.
f. Work with IT staff to automate processes to gain efficiencies and minimizing manual error.
• Master’s degree in Math, Business, Engineering, plus 2-3 years of energy industry work experience (or)
Bachelor’s degree in Math, Business, Engineering, plus 5-6 years of energy industry work experience
• Effective communication skills both written and oral
• Strong analytical, critical thinking, problem solving and statistical skills
• Excellent computer skills with an emphasis on Excel, Word and VBA
• Basic understanding of ISO Settlements, tools, applications, etc.
Calpine requires an individual who is newly hired into this position to be vaccinated for COVID-19 within the first 28 days of employment - if not already vaccinated prior to starting employment. If you have any concerns regarding compliance with this requirement, you will need to discuss your concerns with Calpine’s HR department after a decision has been made about whether or not to make you a conditional offer of employment. Calpine does not require applicants to discuss vaccination status prior to receipt of a conditional offer of employment and complies with all applicable laws requiring reasonable accommodation.