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Analyst - Energy Settlement 1 & 2 (Series)

PNM Resources

Location: Albuquerque, NM US
Position Type:
Rqd Education:
Rqd Experience: 2 - 5 years
Date Posted: December 29, 2022
Reference Code: 6087923
POSTING DEADLINE
This position is posted until filled.

DEPARTMENT
Department: Energy Analysis

PREFERENCES
No job description available

JOB DESCRIPTION
Analyst - Energy Settlement 1
Salary Grade: G08
Minimum Midpoint Maximum
$58,128 - $77,021 - $95,912

Personnel in this job title may be covered by NERC CIP cyber security standards. If the position is covered, prior to being hired, promoted, or transferred into the position, the candidate must successfully pass a Personnel Risk Assessment, which includes identity verification and a criminal background check. Prior to being granted unescorted access to cyber secure areas, the candidate must attend cyber security training. Annual cyber security training is also required.

SUMMARY:

Energy Analysis and Settlements is part of the Wholesale Power and Transmission Accounting organization under the Corporate Controller. Energy Settlement Analysts are responsible for the confirmation, reconciliation, and settlements (including invoicing) of energy transactions related to wholesale bi-lateral power settlements, natural gas and related transportation settlements, transmission sales and purchases, CAISO MRTU market settlements, and CAISO EIM market settlements. A Settlement Analyst is responsible for timely and accurate completion of work that includes invoicing, AP/AR, GL inputs, reporting, and audits.

ESSENTIAL DUTIES AND RESPONSIBILITIES:
  • Performs daily, weekly, and monthly checkout of transactions related to power bi-lateral, natural gas, and/or CAISO MRTU
  • Prepares gas purchase and pipeline reconciliation and settlements
  • Prepares Power settlements checkout
  • Prepares CAISO MRTU settlements
  • Prepares weekly settlements to accurately reflect for Accounts Receivable, Accounts Payable and General Ledger entries
  • Responsible for month end General Ledger estimates and eventual actuals as CAISO settles the previous month
  • Dispute resolution of deal discrepancies
  • Performs other energy accounting reconciliation and reporting as assigned
  • Performs regulatory reporting as required
  • Maintains standardized counter party checkout documentation files with the information to satisfy audit requirements
  • Responds to inquiries from both internal and external auditors during their audit engagements

COMPETENCIES:
  • Familiarity with the competitive wholesale electricity marketplace, knowledge of CAISO settlements, including business practices, transaction types, and systems is desired.
  • Familiarity with the interconnected bulk power generation and transmission system, including delivery points and paths as well as
  • Understands basic terminology related to the discipline.
  • Working knowledge of scheduling systems, settlement systems, and financial systems is desired
  • Working knowledge of the language, terms, and conditions of contracts entered into for the purchase or sale of power.
  • Excellent analytical skills to properly assess errors and variances to reconcile data and make reasonable decisions to complete settlements.
  • Strong negotiating skills and the ability to make quick and reasonable decisions.
  • Advanced interpersonal skills to build and maintain positive business relationships.

QUALIFICATIONS

MINIMUM EDUCATION AND/OR EXPERIENCE:
  • Bachelor's degree from four-year college or university with one to three years related experience, or equivalent combination of education and/or experience related to the discipline.

COMMUNICATION SKILLS:
  • Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations
  • Ability to write reports, business correspondence, and procedure manuals.
  • Ability to effectively communicate in both writing and verbal
MATHEMATICAL SKILLS:
  • Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, and other business-related calculations.
  • Ability to apply concepts of basic algebra and geometry.

COMPUTER SKILLS:
  • Strong skills in MS Excel spreadsheet software and MS Word processing software.
  • Working knowledge of energy scheduling systems, settlement systems and basic accounting systems is desired.

ANALYSIS AND PROBLEM-SOLVING ABILITY:
  • Ability to define problems, collect data, establish facts, and draw valid conclusions
  • Ability to interpret technical instructions in mathematical or diagram form.

PHYSICAL DEMANDS:
  • While performing the duties of this job, the employee is occasionally required to stand and walk up to 2/3 of the time
  • Manual dexterity required and the ability to talk and listen
  • The employee must occasionally lift and/or move up to 25 pounds.
  • Vision requirements include - close vision, color vision, and peripheral vision.
  • May be exposed to moderate noise.
WORK ENVIRONMENT:
  • Office environment.
  • Travel for offsite training and conferences may be required periodically
  • Schedule flexibility and the possibility of working extended hours is required as needed


JOB DESCRIPTION
Analyst - Energy Settlement 2
Salary Grade: G08
Minimum Midpoint Maximum
$58,128 - $77,021 - $95,912

SUMMARY:

Energy Analysis and Settlements is part of the Wholesale Power and Transmission Accounting Organization under the Corporate Controller. Energy Settlement Analysts are responsible for the confirmation, reconciliation, and settlement (including invoicing) of energy transactions related to wholesale bi-lateral power settlements, natural gas and related transportation settlements, transmission sales and purchases, California Independent System Operator (CAISO) MRTU market settlements, and CAISO Energy Imbalance Market (EIM) market settlements. A Settlement Analyst is responsible for timely and accurate completion of work that includes invoicing, accounts receivable (AR) and accounts payable (AP) processing, general ledger (GL) input, reporting,
and audit support. The extent of job responsibilities is not limited to the previously mentioned.

ESSENTIAL DUTIES AND RESPONSIBILITIES:
  • Responsible for supporting daily/weekly/monthly transmission sales, purchase settlements, and the EIM market settlements for the EESC/PRSC
  • Responsible for gas purchase and pipeline settlements, power bi-lateral settlements, and CAISO, MRTU settlements
  • Prepares and sends invoices for Point-to-Point (PTP) and Network Transmission sales
  • Performs transmission purchase reconciliation and settlement including payment through the Accounts Payable process
  • Manages the Network Transmission peak calculation PTP database and system management
  • Performs EIM daily settlements of 5min, 15min, and hourly market data
  • Reconciles, confirms, and performs analytics of PRSC market data
  • Prepares EIM prior period adjustments (PPA)
  • Prepares EIM charge allocations for PRSC
  • Responsible for recognition of disputable market settlement variances and ability to resolve CAISO disputes
  • Processes CAISO invoices timely to ensure weekly settlement deadlines are met
  • Prepare weekly settlements to accurately reflect for Accounts Receivable, Accounts Payable and General Ledger entries
  • Responsible for month end General Ledger estimates and eventual actuals as CAISO settles the previous month
  • Provide system support, working closely with IT and vendors to manage system upgrades, patches, and testing
  • Responds to inquiries from both internal and external auditors during their audit engagements.

COMPETENCIES:
  • Self-motivated and possessing strong problem-solving skills and the ability to prioritize tasks
  • An ability to follow procedures and demonstrate personal accountability and ownership of the role
  • Understanding of the CASIO EIM marketplace, including business practices, charge codes and systems
  • Understanding of the interconnected bulk power generation and transmission system, including delivery points and paths
  • Understand terminology related to CAISO EIM market and PNM transmission settlements
  • Ability to interpret both the language and terms and conditions of OATT contracts and CAISO EIM market documents
  • Excellent analytical skills to properly assess errors and variances to reconcile data to complete settlements and provide reports assessing market outcomes
  • Strong negotiating skills and the ability to make quick and reasonable decisions
  • Advanced interpersonal skills to build and maintain positive business relationships

QUALIFICATIONS

MINIMUM EDUCATION AND/OR EXPERIENCE:
  • Bachelor's degree from four-year college or university with three to five years related experience , or equivalent combination of education and/or experience related to the discipline.
COMMUNICATION SKILLS:
  • Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations
  • Ability to write reports, business correspondence, and procedure manuals
  • Ability to effectively communicate in both writing and verbally
MATHEMATICAL SKILLS:

  • Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, and other business-related calculations
  • Ability to apply concepts of basic algebra and geometry
COMPUTER SKILLS:
  • Working knowledge of energy scheduling systems, settlement systems and basic accounting systems is desired
  • Strong skills in MS Excel spreadsheet software and MS Word processing software
ANALYSIS AND PROBLEM-SOLVING ABILITY:
  • Ability to define problems, collect data, establish facts, and draw valid conclusions
  • Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
PHYSICAL DEMANDS:
  • While performing the duties of this job, the employee is occasionally required to stand and walk up to 2/3 of the time
  • Manual dexterity required and the ability to talk and listen
  • The employee must occasionally lift and/or move up to 25 pounds.
  • Vision requirements include: close vision, color vision, and peripheral vision.
  • May be exposed to moderate noise.
WORK ENVIRONMENT:
  • Office environment.
  • Travel for offsite training and conferences may be required periodically
  • Schedule flexibility and the possibility of working extended hours to complete daily processes is required as needed.


EQUAL OPPORTUNITY STATEMENT
PNM Resources and affiliates are Equal Opportunity/Affirmative Action employers. Women, minorities, disabled individuals and veterans are encouraged to apply.
About this Employer

PNM Resources is an energy holding company based in Albuquerque, N.M., with 2020 consolidated operating revenues of $1.5 billion. Through its regulated utilities, PNM and TNMP, PNM Resources provides electricity to approximately 800,000 homes and businesses in New Mexico and Texas. PNM serves its customers with a diverse mix of generation and purchased power resources totaling 3.0 gigawatts of capacity, with a goal to achieve 100% emissions-free energy by 2040. PNM Resources is publicly traded on the New York Stock Exchange as PNM.

PNM Resources strives to create enduring value for customers, communities and shareholders built on a foundation of Environmental, Social and Governance Principles. At the core of our business we are focused on our Vision, our Purpose and our Values.