What are the responsibilities and job description for the North American Power Settlements Analyst position at Engelhart?
About Us
Engelhart was founded in 2013 by BTG Pactual Group as a commodities trading company. Our business model is “asset light” and highly diversified – giving us the ability to adapt effectively and nimbly to changing market conditions. We have assembled successful multidisciplinary teams, leveraging advanced fundamental analysis with deep quantitative and weather research capabilities. Our activities are underpinned by strong risk management practices and by powerful technology and operational excellence. We have exceptional teams with diverse global backgrounds and decades of experience, and are driven by a highly collaborative culture, across products and competencies.
In 2024, Engelhart acquired Trailstone, a global energy trading and technology company. The acquisition provides us with new expertise, analytics and proprietary technology which is being used to provide risk management and optimisation services to help maximise the value of our clients’ renewable power. The acquisition also expanded Engelhart’s capabilities into physical natural gas across North America, a critical fuel to support the energy transition.
Our talented and experienced individuals work together according to its four company values: Performance, Agility, Collaboration, Entrepreneurship.
About the Role
This individual will be tasked with supporting the delivery of reliable and efficient settlements, scheduling, confirmations, invoicing & market information for our North American Physical Trading business.
They will provide expert market knowledge, robust IT solutions, solid inter-company collaboration and strong front office relationships in this role.
In addition, this role will own the following responsibilities:
We believe a solid foundation of the following experiences and skills will best set his person up for success:
Engelhart was founded in 2013 by BTG Pactual Group as a commodities trading company. Our business model is “asset light” and highly diversified – giving us the ability to adapt effectively and nimbly to changing market conditions. We have assembled successful multidisciplinary teams, leveraging advanced fundamental analysis with deep quantitative and weather research capabilities. Our activities are underpinned by strong risk management practices and by powerful technology and operational excellence. We have exceptional teams with diverse global backgrounds and decades of experience, and are driven by a highly collaborative culture, across products and competencies.
In 2024, Engelhart acquired Trailstone, a global energy trading and technology company. The acquisition provides us with new expertise, analytics and proprietary technology which is being used to provide risk management and optimisation services to help maximise the value of our clients’ renewable power. The acquisition also expanded Engelhart’s capabilities into physical natural gas across North America, a critical fuel to support the energy transition.
Our talented and experienced individuals work together according to its four company values: Performance, Agility, Collaboration, Entrepreneurship.
About the Role
This individual will be tasked with supporting the delivery of reliable and efficient settlements, scheduling, confirmations, invoicing & market information for our North American Physical Trading business.
They will provide expert market knowledge, robust IT solutions, solid inter-company collaboration and strong front office relationships in this role.
In addition, this role will own the following responsibilities:
- Coordinating PJM GATS, RGGI, CARB, & WCA physical delivery process.
- Settling daily, weekly, and monthly Invoices for all ISOs.
- Tracking physical ISO Settlements and reporting on P&L impacts. Reporting any deviations and providing deal analysis of estimates vs actuals.
- Sending and validating counterparty paper confirmations daily. Resolving any trade discrepancies.
- Distributing Monthly Invoices to counterparties & setting up payment and receivables.
- Managing all ISO digital certificates and access.
- Facilitating and work closely with Compliance to complete all the ISO Annual minimum participation requirements.
- Reconciling FTR Auctions for all ISOs, including resolving any trade/PL discrepancies, and informing the wider Middle Office team of the issue and the solution.
- Monthly FTR settlements, including trade entry and P&L impact analysis.
- Liaising with internal stakeholders (Market Risk, Treasury, Middle Office, Accounting, IT), serving as the main reference point for several aspects related to these businesses.
- Supporting Engelhart’s Technology team in defining, building and implementing processes and operational controls into a new ETRM.
We believe a solid foundation of the following experiences and skills will best set his person up for success:
- Strong knowledge of, and operational experience with, all ISOs: ERCOT, PJM, MISO, SPP, CAISO, NYISO, ISO-NE.
- Experience with physical power scheduling workflow and reconciliation.
- Demonstrable analytical capabilities.
- A technology-focused mindset; automation oriented.
- Competitive compensation and participation in Engelhart’s discretionary bonus plan.
- 20 days of annual holiday entitlement, excluding US public holidays.
- Robust benefits package such as Medical, Dental, Vision, Life insurance, 401(k) match, and supplemental benefits partially subsidised by the Company.
- Eligibility to receive external and internal training in accordance with our Training & Development Policy.