Power Industry Jobs

The most used job board by electric power industry professionals.

Market Credit System Analyst 2/Sr.

Electric Reliability Council of Texas

Position Type:
Rqd Education:
Rqd Experience: 5+ years
Date Posted: January 17, 2023
Reference Code: R1267
At ERCOT, our diverse and dynamic work environment provides a platform on which employees can work together to build the future of the Texas power grid and wholesale market utilizing the latest technologies and resources. We encourage you to join our talented, dedicated workforce to develop world-class solutions for today and tomorrow's energy challenges while learning new skills and growing your career.

ERCOT is committed to fostering diversity and inclusion at all levels of our company. It is the cornerstone of our corporate values of accountability, leadership, innovation, trust, and expertise. We accept and celebrate those that join us and recognize that individuals with a wide variety of talents, ideas, and experiences propel the innovation that drives our success. A diverse and inclusive workforce strengthens us and allows for a collaborative environment to solve the challenges that face our industry today and in the future.

ERCOT offers the flexibility to work both in and out of the office within the state of Texas, providing our employees with an enhanced work life balance.

Market Credit Systems Analyst serves as liaison between business community and the IT organization and IT departments to gather, interpret and document business requirements and translate into application requirements, operational requirements, use cases and test cases to provide technical solutions.

  • Understands the basic principles, theories and concepts related to the profession and learns how to apply them within the ERCOT culture.
  • Follows standard practices and procedures in analyzing situations or data from which answers can be readily obtained.
  • Contributes to specific objectives and outcomes as directed.
  • Defines data requirements and maintains comprehensive understanding of the aggregate systems environment in order to identify critical interfaces and implementation strategies
  • Uses understanding of IT systems to design and maintain database structures
  • Develops complex SQL queries and reports and support other activities as needed by the Risk Management, Credit Administration and Treasury teams
  • Reports and resolves data issues and inconsistencies to the processing and outputs to maintain normal systems operations used by internal and external stakeholders
  • Developing and managing SAS programs and internal reports using Base SAS, SAS Macros and SAS SQL
  • Creating test scenarios and associated test data
  • Developing SQL queries/reports as needed
  • Validating complex calculations
  • Leads model testing efforts and designs key test scripts
  • Able to develop knowledge and expertise of ERCOT Protocols, data integration, business processes, and computation methodologies
  • Performs validation and testing of models to ensure adequacy
  • Uses test results to interpret system logic and recommend alternative testing or approaches in the event of exceptions
  • Conducts quality assurance of calculations, processes, procedures, and data integration for systems and programs used to assess market risk and financial conditions
  • Prepares reports defining and evaluating problems and recommending solutions
  • Generates data extracts and reports requested by internal ERCOT staff, market participants and regulators
  • Identifies and recommends improvements to information technology procedures and software to improve accuracy, efficiency, and timeliness
  • Communicates issues and resolution status to colleagues and upper management
  • Performing and assisting in functional, regression, integration and user acceptance testing activities
  • Logging defects and managing them to closure
  • Providing additional system support for CMM
  • Contributing to development of training materials
  • Providing additional support for implementation and maintenance of Moody's Analytics tool
  • Validating Counter-Party Bi-Weekly eFactors update
  • Validating Counter-Party bilateral trades
  • Validating post-auction CRR results
Experience Required

Level 2 Requirements:
  • Requires minimum of 2 years of progressively responsible experience in Systems Analysis
  • Requires minimum of 2 years with data validation, quality assurance and integrated processes in a quantitative / analytical field
  • Prefer minimum 2 years experience in a position requiring knowledge of ERCOT Protocols as they relate to risk management
Senior Level Requirements:
  • Requires minimum 5 years job related work experience in excess of degree requirements
  • Requires minimum of 5 years of progressively responsible experience in Systems Analysis
  • Requires minimum of 4 years with data validation, quality assurance and integrated processes in a quantitative / analytical field
  • Prefer minimum 2 years experience in a position requiring knowledge of ERCOT Protocols as they relate to risk management
  • Bachelor's Degree : Computer Science, Business, Engineering or related field (Required)
  • or a combination of education and experience that provides equivalent knowledge to a major in such fields is required
  • The majority of job duties can be performed remotely from your Texas residence.
  • May be required to be on-site at the Taylor or Austin facilities at least once a month, or more based on the business needs and as determined by the Manager
  • Work arrangements are subject to business needs and are subject to change accordingly.
There is one position available. It is open to a Level 2 or Senior Level Analyst depending on the experience of the candidate that is identified.

The foregoing description reflects the minimum qualifications and the essential functions of the position that must be performed proficiently with or without reasonable accommodation for individuals with disabilities. It is not an exhaustive list of the duties expected to be performed, and management may, at its discretion, revise or require that other or different tasks be performed as assigned. This job description is not intended to create a contract of employment with ERCOT. Both ERCOT and the employee may exercise their employment-at-will rights at any time.

#LI-MH1, #LI-Remote
About this Employer

The Electric Reliability Council of Texas (ERCOT) manages the flow of electric power to more than 26 million Texas customers -- representing about 90 percent of the state’s electric load. As the independent system operator for the region, ERCOT schedules power on an electric grid that connects more than 52,700+ miles of transmission lines and 1,030+ generation units, including PUNs. It also performs financial settlement for the competitive wholesale bulk-power market and administers retail switching for 8 million premises in competitive choice areas. ERCOT is a membership-based 501(c)(4) nonprofit corporation, governed by a board of directors and subject to oversight by the Public Utility Commission of Texas and the Texas Legislature. Its members include consumers, cooperatives, generators, power marketers, retail electric providers, investor-owned electric utilities, transmission and distribution providers and municipally owned electric utilities.