Power Settlements Analyst

1 week ago

Mississauga, Canada Just Energy Full time

**Power Settlements Analyst (Canada)**
**-**
**(**
**231704132**
**)**

**Description**

**Job Title: Analyst, Power Settlements**

**This position is hybrid and located in Mississauga, ON**

**Who is Just Energy?**

Just Energy is a consumer company focused on essential needs, including electricity and natural gas, health and well-being, such as water quality and filtration devices; and utility conservation, bringing energy efficient solutions and renewable energy options to consumers. Currently operating in the United States and Canada, Just Energy serves residential and commercial customers. As a Trusted Advisor, we’re proud to provide homes and businesses with a broad range of solutions that deliver comfort, convenience and control.

**Job Summary**:
This role reports to the Manager, Power Settlements and manages processes related to power and environmental commodity settlements. Primary responsibility is to ensure all ISO settlement data is captured in the respective ISO database. Responsibilities include power gross margin calculation, analysis, and reporting. Requires coordination with departments including Supply, Risk, Treasury, Accounts Payable, Accounting and Finance to identify and resolve issues, assist with cash forecasting and variance analysis and fulfil settlement obligations with ISOs and other counterparties.

**Responsibilities**:

- Manages the interaction with the ISO markets.
- Serve as a backup for ISO settlements/invoicing as needed.
- Maintain/monitor the settled data in Adapt2 database.
- Monitor ISO certificates/OATI for the ISOs.
- Monitor ISO notices to evaluate the impacts to JE’s Settlements team.
- Develop and maintain procedures to ensure all the power bilateral and ISO invoices are reconciled, processed, and paid on a timely manner.
- Provide an in-depth analysis of variances between actual and expected gross margin.
- Provide a detailed variance analysis between estimated and actual energy cost and provide feedback to Trading.
- Work with Corporate Planning to ensure gross margin forecast accuracy.
- Manage reporting and reconciliation of Renewable Energy Credits (RECs) and Carbon Credits.
- Identify optimization and saving opportunities and bring transparency to the cost of power.
- Interact with external counterparties to resolve discrepancies.
- Interact with internal partners as required including Legal, Supply Team, Accounts Payable, Accounts Receivable, Treasury, and Finance.
- Use actual settled data to provide feedback to the Structuring team and assist in the calibration of retail pricing models.
- Work with other teams across the Company to implement and improve processes and systems supporting the activities above.
- Support internal and external audit requests.
- Work effectively and cooperatively in a team environment.
- Perform shadow settlements on ISO transactions.

**Qualifications and Educational Requirements**:

- Undergraduate degree in finance/accounting from an accredited college or university with at least 3 years of experience
- Some experience in the energy industry
- Excellent Microsoft Office Suite skills.
- Moderate to Advanced SQL experience preferred.
- Working knowledge of ETRM/CTRM systems.
- Business-oriented professional with strong intellect who can problem-solve and put processes into place.
- Interact effectively with senior leadership and communicate effectively with business partners.
- Detail oriented self-starter with strong analytical, critical thinking and communication skills who can effectively manage multiple assignments.
- Ability to work independently.
- Organized person who can plan and adjust to timing challenges of multiple deadlines.
- Work in a team environment to achieve goals of the department and the company.
- Light travel may be required.

**Benefits**:
Just Energy offers a robust benefits plan for staff members, as well as Employee Assistance Programs that offer a wealth of tools and resources to enrich the employee experience. The company also provides a number of cost-free, self-development courses for those that wish to build on their skills and competencies. In addition, a variety of awards offer another opportunity to recognize and reward employees.

**We offer**:

- Competitive compensation
- Performance based bonuses
- Comprehensive benefits package
- Hybrid Working Model
- Health and wellbeing tools and resources and more
- Just Energy and its subsidiaries are an equal opportunity employer. We are committed to building a workforce that reflects the communities we serve and to promote a diverse, anti-racist, inclusive, accessible, merit-based, respectful and equitable workplace. We invite all interested individuals to apply._
- #LI-SS1_

**Primary Location***: CA-ON-Mississauga

**Work Locations***: ON-Mississauga-Courtney Park 80 Courtney Park West Mississauga L5W 0B3

**Job***: Finance & Accounting

**Organization***: Canada

**Schedule***: Regular

**Shift***: Standard

**Employee Status***: Non-Mana

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