Power Settlements Operations Specialist

5 days ago

Mississauga, Ontario, Canada Just Energy Full time
Company Overview:

Just Energy is a leading energy company that provides innovative solutions to meet the evolving needs of its customers. As a Power Settlements Operations Specialist, you will play a critical role in ensuring the seamless execution of power settlement activities.

Job Description:

This is a challenging and rewarding role that requires strong analytical and problem-solving skills. The successful candidate will be responsible for managing processes related to power settlements, including accrual, actualization, reconciliation, and payment. You will work closely with various departments, such as Supply, Risk, Treasury, Accounts Payable, Accounting and Finance, to identify and resolve issues, assist with cash forecasting and variance analysis, and fulfill settlement obligations with ISOs and other counterparties.

Key Responsibilities:
  • Provide secondary support for all areas (settlements, month end close, balance sheet reconciliation) of the Settlements team.
  • Manage the option transaction registry.
  • Provide guidance on ISO rules for ERCOT, PJM, NYISO, MISO, ISONE, AESO, and IESO; preferably ERCOT.
  • Develop and maintain procedures to ensure all 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.
  • 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.

Required Skills and Qualifications:

The ideal candidate will have an undergraduate degree in finance/accounting from an accredited college or university with at least 3 years of experience. A master's in accounting, finance or business administration is desired. Experience in the power industry, including familiarity with ISOs, knowledge of ERCOT market preferred. Additionally, the candidate should possess excellent Microsoft Office Suite skills and working knowledge of ETRM/CTRM systems.

Salary: $120,000 - $150,000 per year

Benefits:

We offer a competitive salary, comprehensive benefits package, and opportunities for career growth and development.

Others:

Light travel may be required.

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