Specialist Settlements

Date
October 17, 2025

Location
Mississauga, ON (Hybrid)

Requisition ID
20645

Status
Temporary, Up to 18-months

Business Unit
Markets and Reliability

Why join us?
The IESO is committed to ensuring Ontario's electricity system meets the province's needs today and into the future.
We are charged with purpose
, delivering reliable, affordable, and sustainable electricity for homes, businesses, and communities across the province.
We are energized to grow
, embracing opportunities to shape the future of a dynamic and evolving energy sector while advancing our careers.
We are powered by teamwork
, supported by diverse and passionate colleagues who foster respect, celebrate successes, and thrive on shared achievements. At the IESO, it's not just what we do—it's who we are

Who We Are
Our central role includes managing the provincial power grid in real-time, overseeing and evolving Ontario's electricity market, engaging with government, municipalities and Indigenous communities, and planning for Ontario's future electricity needs. Our employees play a key role in driving grid innovation, protecting the system from threats, advancing the province's energy conservation programs, and forecasting and procuring the electricity resources we'll need in the decades to come.

This role is a part of…

• How the IESO administers the physical market for participants to buy and sell energy, and a financial market for buying and selling transmission rights (TRs). Settlements is responsible for collecting funds from buyers and distributing these to sellers.

What Makes This Role Exciting
The energy sector is rapidly evolving, offering exciting new opportunities for those who want to make a difference.

• Develop the business processes, procedures and system/tool requirements for settlement of the IESO-Administered Market. Develop the associated documentation. Provide an engineering/technical interface between the IESO and the Market Participants and investigate customer inquiries/complaints or provide engineering and technical support to production staff during their investigations. Monitor, interpret and act as a resource regarding wholesale settlement activities. Contribute to the development of training packages relating to work methods, technology, techniques, and the policies, practices, and procedures relating to the established Market Rules.

What You'll Do
In this role, you'll make a meaningful impact by contributing to the IESO team and supporting the electricity needs of the province through:

• Maintain a current knowledge of settlement activities for the purposes of interpreting and applying market rules, programs, and contractual obligations as they apply to financial payments and penalties, and maintain an awareness of industry developments in settlement technologies and practices.
• Develop appropriate processes, systems and procedures to perform settlement activities for the IESO-Administered Market. Produce user requirements for associated application software, perform acceptance testing and identify business requirements for hardware. Recommend/ facilitate appropriate settlements processes/adjustments to apply when data is missing/incorrect, contractual requirements are not met, and/or "ad hoc" situations.
• On an on-going basis assist in reviewing the effectiveness of existing settlements processes. Develop and implement effectiveness and efficiency improvements, as necessary.
• Produce business process and, where appropriate, system documentation for settlements activities.
• Provide written procedural instructions, advice, guidance and training regarding the settlement process for the production staff.

In a typical day, you will

• Lead enhancements and changes to the commercial reconciliation system, requiring close collaboration with IT, internal stakeholders, and vendors.
• Analyze market data pertaining to settlements as required, to monitor settlement outcomes, meet corporate financial reporting requirements and as negotiated with other business units.
• Liaise with IESO teams and key stakeholders to drive value-added service opportunities. Provide guidance and supporting information to the development of programs that involve changes to settlement processes.
• Perform other duties as required.

Role Requirements
Our team consists of experts from diverse backgrounds, each bringing their unique perspectives and skills.

Education
To succeed in this role, you'll need:

• Requires knowledge of electrical theory, power systems analysis and control, mathematics, and computer sciences to carry out engineering, economic or analytical studies related to the management of the wholesale settlement system and associated activities.
• Requires knowledge of technical writing to prepare effective reports and process descriptions/user guides.
• This knowledge is considered to be normally acquired either through the successful completion of 4 years University education, or by having the equivalent.

Experience

• Requires significant exposure to develop a good overall understanding of the operation of the IESO-Administered market, with particular emphasis on the reconciliation aspects.
• Requires considerable exposure to system and market operation practices and procedures, including legislation, resource utilization, and, system control techniques.
• Requires computer experience including exposure to statistical and database software, desktop software applications, computer data conversion, various PC-based query and calculation tools, and computer system interfaces.
• Requires experience in researching the practices and procedures of other jurisdictions, applying, testing and considering the merits of alternatives.
• Requires good customer service skills.
• A period of over 8 years, up to and including 10 years is considered necessary to gain this experience.

How We Support You
From a comprehensive total rewards program to dynamic learning and development opportunities—including job rotations to broaden your expertise—we empower you to define and shape your own success. When you join the IESO, here's what you can expect:

• Best-in-class benefits and long-term support in the form of a defined benefit pension plan.
• A commitment to flexibility as we currently support a hybrid model where applicable, that supports a blend of remote and in-office work based on business needs. Participating employees typically work in-office a minimum of four days and work remotely up to six days over a two-week period with a goal of maximizing in-office time through the use of established team days.
• Work in a dynamic and evolving sector that offers exciting opportunities and the chance to explore new career paths.
• Leadership that values meaningful discussions, welcomes feedback, and prioritizes career development.
• A strong, inclusive culture and a collaborative team environment with a shared passion for impactful work.
• Compensation packages that are regularly reviewed to remain competitive and to best accommodate the diverse needs of our employees.

Deadline:
October 31, 2025 at 11:59PM

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Thank you for your interest in a career at the IESO. Only candidates selected for an interview will be contacted. Please note that the successful candidate must be legally eligible to work in Canada and will be subject to applicable background checks.

IESO will not conduct interviews or offer positions via online, text, chat or social media platforms. We will not gather personal information directly from candidates or potential candidates. Selected candidates will work with our Talent Acquisition team to ensure their application is processed.

We believe in opportunities for everyone.
At the IESO, we know that achieving great results depends on embracing diversity by attracting, developing, and retaining people from a wide variety of backgrounds. We do this by ensuring our recruitment and advancement policies are fair and equitable, and by creating an accessible and inclusive environment—one that values every team member's unique skills and experiences and ensures they have the support they need to achieve their potential. If you require accommodation during the recruitment process, please let us know.

We're proud to say we've been recognized as a supportive, inclusive employer.