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Settlements Analyst I/II

Company: Electric Reliability Council of Texas
Location: Taylor
Posted on: June 20, 2022

Job Description:

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.Performs settlement calculations and responds to inquiries from Qualified Scheduling Entities, Resource Entities, and ERCOT Account ManagersDemonstrates knowledge and expertise in the analysis of Operation and Maintenance cost, efficiency and other operational parameters of electric power plantsJob PurposeReview and approve costs and efficiency parameters related to the operation, maintenance, restoration and upgrade of electric generating power plants.JOB SUMMARYFunctions as an expert in the ERCOT Verifiable Cost Process as described in the Verifiable Cost Manual and ERCOT Protocols. Uses knowledge of accounting and power plant operation to review and approve cost information submitted to ERCOT in a variety of data formats.Willing to train the right candidate. Ideal candidate will have experience in power plant operations or ability to proactively gain knowledge of electric generation including: power plant operation, plant maintenance and controls, for both traditional and new plant technologies, as well as concepts related to fuel delivery and pricing, fuel consumption and heat rate calculations. Nature of the position requires the analyst to work independently and be able to meet deadlines with limited supervision. Applicants without specific knowledge of electric generating plants will be required to have a background in engineering, physics, math, finance, accounting, or related field.Position DescriptionAnalyzes O&M costs, heat rates and other operational parameters for generating resources.Clearly communicates complex technical concepts both in a written and oral manner.Utilizes and develops tools to perform calculations for the analysis of Verifiable Costs.Conducts independent research to gain knowledge of innovations of power generation technologies, regulatory issues and other related topics that impact the industry.Evaluates power plant fuel consumption and costs, including reviewing fuel transportation and storage contracts.Develops and maintains a strong level of understanding of the ERCOT competitive energy markets.Identifies detailed solutions and improvements to procedures and software to improve accuracy, efficiency, and timeliness.Resolves client questions, disputes, and data errors in the operations of settlement computations.Regularly updates management of system issues through formal status reports as well as informally via e-mails, voice message and regular team interaction.Develops strong working relationships with the key staff members of the Settlement Team and promotes similar relationships with staff members of other ERCOT departments.Develops working knowledge of market and power systems and the understanding of the data elements passed from these systems to the settlement system.Assists with projects, as necessary, to implement ERCOT's Commercial Operation Systems including future enhancements.QUALIFICATIONSEducationBachelor's degree in Engineering, Finance, Business administration, or related fieldor a combination of education and experience that provides equivalent knowledge to a major in such fields is requiredPreferred Work ExperienceComfortable working with excel including, complex formulas, pivot tables and graphs.Comfort interpreting and manipulating algebraic equations.Experience with, or aptitude for, SQL, Visual Basic and SAS.Industry experience relating to power plant operational and cost parameters preferred.Settlement Analyst 1No Minimum experience (in excess of degree requirements stated above) of progressively responsible experience in electric utility industrySettlements Analyst 2:Minimum of 2 years (in excess of degree requirements stated above) of progressively responsible experience in electric utility industrySenior Settlement Analyst:Minimum of 5 years (in excess of degree requirements stated above) of progressively responsible experience in electric utility industryPosition is open to a Level 1, Level 2 or Senior Settlements Analyst depending on the candidate's experience.WORK LOCATION:There are requirements in this role that will be required to be performed on-site. It is estimated that your business area will require this position to be on-site in Taylor, TX at least (2) days per week. Circumstances and business needs may require you to be on-site more often. On-site requirements are at the discretion of Management.Remote work schedules shall be performed within Texas. Log-ins during out of state business travel, and any temporary remote work arrangements that have been submitted and approved in Workday by HR.The position may be filled at level 1, level 2, or senior depending on the candidate's experience 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.

Keywords: Electric Reliability Council of Texas, Taylor , Settlements Analyst I/II, Professions , Taylor, Michigan

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