Sr. Analyst, Market Settlement & Portfolio Valuation Job at Enel (Andover)

Job Description

The Senior Analyst, as part of the Energy and Commodity Management, Credit & Business Operations team for an international energy company expanding in the US Power markets, will successfully participate in the reconciliation of trading related activities as well as assist in all other Market Settlements and Portfolio Valuation activities. The Senior Analyst will liaise with our Headquarters in Italy and will be involved with business transactions and decisions while interacting with a diverse group of people within front and middle offices, trading compliance, accounting, treasury, global digital solutions, and credit and risk management teams.

Job Responsibility

Demonstrate knowledge of the renewable energy industry and the North American energy markets, including the ISO/RTO settlement protocols
Participate and lead process implementation of daily, weekly and monthly settlements of physical and financial trading activities (Accounts Payable/Receivable)
Collaborate with the Contract and Account Management team to accurately reconcile power plant generation output and pricing as well as settlement and invoicing of Renewable Energy Credits
Perform analytical research to determine cause of settlement discrepancies
Coordinate with counterparties to proactively and timely resolve invoice reconciliation discrepancies
Monitor power and natural gas transactions to ensure they are correctly captured in the transaction management system, ensuring data quality, deal confirmation and communicating impacts to commercial and accounting teams
Understand contract details, fees, rates, and payment schedules to ensure all items for settlement are captured in a timely manner
Reconcile RTO/ISO statements to estimates and ensure all costs are correctly allocated to the proper generation assets
Develop reporting methodology to accurately present realized fees and P&L to Front Office, Middle Office and Portfolio Management teams
Assure accuracy and integrity of activity recorded in general ledger
Assure optimization of the financial exposure, particularly referring to collateral, margining and cash deposits
Perform month end close accounting entries and account reconciliation
Provide support to the accounting team with cross training, ad-hoc reporting, audit inquiries, and process improvements
Identify, recommend and implement process improvements around settlement and accounting and other operational processes
Track payments and assist in following up with all non-paying counterparties
Provide data collection and reporting assistance during internal and external audits
Be knowledgeable of and ensure compliance with trading and reporting standards and other compliance requirements
Support the development and improvement of ICT systems to capture and manage trading activities

Requirements

Knowledge of and experience with Data Analytics including database development, optimization and interpretation of data, and producing reports from the results of data analysis
4+ years of Accounting or business-related experience in energy companies or Investment banks
Knowledge of commodity trading and trading fundamentals in power industry
5+ years Commodity Settlement, Energy Settlement, and/or Scheduling experience
Must work and communicate effectively with all levels of personnel within the company
Ability to multi-task and adjust priorities as needed
Strong Organizational and problem resolution skills, including the ability to meet deadlines
General accounting knowledge of payables, receivables, accounting for derivatives
Bachelor's degree in Accounting, Finance or Business OR Associates Degree in Accounting, Finance or Business with 3+ years of experience in Accounting or Business
Strong analytical, critical and economical thinking and problem-solving skills
Ability to multi-task, grasp complex issues, as well as pay strict attention to details
The ideal candidate will be a self-starter with a solid understanding of power markets and deal flow with 5-7+ years' experience
Strong communication, analytical and interpersonal skills are critical, as well as a solid foundation with the MS Office Suite, and more specifically Excel
Experience with OATI and power ISOs is required
General understanding of energy commodity markets and regional power system operators (e.g. PJM, ERCOT, NYISO, SPP, ISO-NE, IESO, etc.)

What we offer

401k with match fully vested as of day one
Generous PTO that supports work/life balance including 4 weeks annually of vacation as well as personal days, volunteer days, your birthday off, paid holidays, and sick time
Paid leave programs
The opportunity to grow and develop your career with the support and mentorship of senior leaders
The opportunity to work for one of the world’s most recognizable and respected brands in the energy industry
Affordable, quality healthcare for you and your family
Life insurance and disability benefits
Retirement benefits
Flexible spending accounts
Tuition reimbursement and professional development allowance

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Sr. Analyst, Market Settlement & Portfolio Valuation

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