A key Optimus client is looking for a Back Office Analyst with 1-3 years of power trade floor experience with settlements, confirmations, and/or trade verification to help manage the organization’s physical integration in current and new North America power markets. The scope of this role includes implementation of new power contracts, market rules, ISO protocols and trading systems of relevant market areas including ERCOT, CAISO and PJM.

Your purpose as a Back Office Analyst is to be accountable for the following:

• Accurate and timely processing of confirmations and invoicing/payments of all transactions and according to their legal agreements; - Ensuring all entries within the trading book are correct.
• Daily checks on open positions and deal transactions –brokers, exchanges & clearers ;
• Ability to spot errors in the process of trade Verification;
• Effective communications with numerous internal and external parties

Other Responsibilities:

• Support the Power operations desk and Energy Data management team as the first point of contact for operational and invoicing queries;
• Provide support, perform reconciliations and invoicing in the daily and monthly power reconciliation process, and assist internal groups in any financial workflow;
• Provide all necessary reports and statements supporting the physical power activities including ERCOT, CAISO and PJM markets;
• Manage the REC confirmations and settlement process and reporting requirements through close coordination with power trading desk, Middle Office and Energy Data Management;
• Manage a portfolio of trading counterparts
• Check traders supply accurate deal-sheets/electronic download reports for all trades validated within our in-house trading system;
• Ensure that accurate trading information is represented within the trading system by confirming deals with counterparts and brokers on a daily basis;
• Monitor and verify exchange-traded positions and limits;
• Reconcile the Company’s open trade equity to daily statements from our clearing houses;
• Monitor and report financial OTC trades to the Dodd-Frank reporting regulators within 24 hours of their execution;
• Reconcile counterpart/pipeline invoices against the system in liaison with the Operations and Middle Office departments to resolve discrepancies;
• Agree with counterparts on settlements, provide timely payment instructions and cash forecast information to the Treasury team, and assist the Accounting team with aged debt reporting and resolution and analyzing accruals;
• Responsible for pulling/analyzing settlement statements within the Simba SMS system;
• Check and distribute all confirmations produced by the system or directly from third-parties and record these and chase all outstanding confirmations on a daily basis
• Participate in team and individual projects delegated by the Back Office Manager or Supervisor;
• Support team members and be available to help and mentor junior team members;
• Run management reports and ad-hoc analysis

Requirements:

• Undergraduate degree or equivalent in Engineering, Mathematics, Finance or Energy preferred.
• 1-3 years’ experience in the Gas and Power markets with a high data analysis component.
• Understanding of the North America power industry
• Strong operational and modelling skills with the ability to implement those using commonly used tools – Alteryx, Python and PBI.
• Strong technical skills and acumen with tools such as Python, VBA, SQL, etc.
• Strong analytical capabilities, especially in energy markets and in a broader economical field

Per our client's specifications, candidates are required to be US Citizens, Green Card holders, or independently authorized to work in the US . We are unable to provide H1 visa sponsorship at this time.