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Senior Analyst, Settlements

Company: Invenergy
Location: Chicago
Posted on: May 6, 2021

Job Description:

Invenergy drives innovation in energy. Powered by decades of entrepreneurial experience and unparalleled execution, we solve the energy challenges facing our customers and communities. We provide power generation and storage solutions at scale around the world to create a cleaner energy future. We develop. We build. We own. We operate. We are Invenergy.Job DescriptionPosition OverviewThe Senior Analyst, Settlements will report to the Director, Settlements and is responsible for settling physical and financial energy commodity transactions for various wind, solar and thermal electricity generation projects. The role involves identifying pricing and production data issues and communicating and resolving data disputes with trading counterparties, RTOs/ISOs, and internal stakeholders. The role requires detailed analysis of electricity generation and trade data through the use of Allegro and Adapt2 software programs and the ability to understand Power Purchase Agreements, ISDA contracts and pricing formulas. Periodic regulatory reporting is also required. It is essential for the Senior Analyst to exercise good business judgment and to make prudent business decisions for timely dispute resolution.Responsibilities* Using their knowledge of the renewable energy industry and the North American power and natural gas markets, identify and resolve differences and disputes between anticipated and realized settlement values.* Validate power generation and pricing data using internal and external sources. Data systems include Allegro, Adapt2, PI, SCADA and Power BI.* Send daily power meter data validations to counterparties while adhering to market deadlines.* Create and maintain Excel templates with validated power generation and price detail for energy customers and hedge counterparties in accordance with contractual provisions.* Ensure invoices are validated and internally distributed in time to meet all payment deadlines.* Navigate regional grid website portals to obtain settlement files and pricing data to reconcile invoices.* Perform analytical research to determine cause of settlement discrepancies.* Monitor power and natural gas transactions for weekly and monthly counterparty settlements to ensure they are captured in the transaction management system correctly.* Prepare and submit, on secure agency websites, quarterly regulatory reports to the Federal Energy Regulatory Commission, monthly regulatory submissions to the Department of Energy, and Statistics Canada.* Assist other departments with financial and market analysis for the company's fleet of projects, as requested.* Assist with onboarding of new projects in the development stage.* Identify process improvements and automation opportunities to improve invoice production timeliness and achieve other efficiencies.* Manage the process of delivering settlement data from the ETRM system (Allegro) to the back-office system (Oracle) on a daily basis, using an application programming interface (API). Requires close interaction with the trading systems team to develop procedures and build efficient excel templates and Power BI reports, in order to reconcile settlement algorithmsExperience and Qualifications* Bachelor's degree, preferably in an analytical field such as economics, finance, accounting, renewable energy and sustainability or similar field.BenefitsEligible for medical, dental, vision, 401(k), bonus, paid time off, etc.Invenergy believes inclusion drives innovationDiverse teams are better teams. The perspectives and experiences that people from different backgrounds bring to an organization drive better decisions and improved business results. Invenergy employees are inclusive and welcoming of all colleagues of all backgrounds, genders, races, sexual orientations, religions and abilities.

Keywords: Invenergy, Chicago , Senior Analyst, Settlements, Professions , Chicago, Illinois

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