Settlements Operations Analyst

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 inclusion at all levels of our company. It is the cornerstone of our corporate values of accountability, leadership, innovation, trust, and expertise. We know that individuals with a wide variety of talents, ideas, and experiences propel the innovation that drives our success. An inclusive and diverse workforce strengthens us and allows for a collaborative environment to solve the challenges that face our industry today and in the future. The Settlements Analyst performs settlement calculations and responds to inquiries from the Market Participant’s Account Representatives. The analyst will demonstrate knowledge and expertise in the detailed settlement calculations and will assist with projects, as necessary, to implement ERCOT's Commercial Operation Systems, including future enhancements. JOB DUTIES Serves as subject matter expert for the Settlement of the ERCOT nodal market Develops protocol language and system requirements related to Settlements ADDITIONAL JOB DUTIES Demonstrates knowledge and expertise in the detailed operations of congestion, profiling, unaccounted for energy (UFE) analysis, settlement calculation and the associated grid/operational ERCOT charges Assists with projects, as necessary, to implement ERCOT's Commercial Operation Systems including future enhancements Assists with system development, product implementation, certification and testing Develops and maintains a strong level of understanding of the 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 Identifies and recommends improvements to procedures and software to improve accuracy, efficiency, and timeliness Assists with the day-to-day activities of the team Regularly updates the Senior Settlement Analyst of system issues through formal status reports as well as informally via e-mails, voice message and regular team interaction Responsible for notifying superiors of key issues Develops strong working relationships with the key staff members of the Settlement Team, and promotes similar relationships with staff members of other ERCOT departments Clearly communicates complex technical concepts both in a written and oral manner Assists in implementing the Settlement and Client Services Training Program Support the Settlement Team and work with peers to accomplish team objectives and ERCOT initiatives Has working knowledge of market and power systems and the understanding of the data elements passed from these systems to the settlement system Resolves client questions, disputes and data errors in the operations of settlement calculations Takes initiative to identify and recommend detailed solutions and improvements to procedures and tools that increase accuracy efficiency and timelines Writes and executes SQL queries to generate results used in analytical reports Serves on projects, as necessary, to implement ERCOT's Commercial Operation Systems including future enhancements Serves as a mentor for other analysts in the department Uses knowledge of software life cycle to complete tasks, enhance tools and ensure effective process flow EXPERIENCE Requires minimum 2 years job related work experience in excess of degree requirements Comfortable working with excel including: complex formulas, pivot tables and graphs Comfortable interpreting and manipulating algebraic equations Prefer experience with, or aptitude for, SQL, Visual Basic and SAS EDUCATION Bachelor's Degree : Business Administration, Engineering, Mathematics, Finance or related; (Required) or a combination of education and experience that provides equivalent knowledge to a major in such fields is required WORK LOCATION: This position is Hybrid. You will be required to be on-site at the Taylor or Austin facilities at least two times per week, 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 Employees may opt to work on-site more than required or 100% of the time Position level and compensation will be determined by the successful candidates overall experience. 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-Hybrid, #LI-AK1 #LI-DN ERCOT is firmly committed to equal employment for all qualified persons without regard to race, sex, medical condition, religion, age, creed, national origin, citizenship status, marital status, sexual orientation, physical or mental disability, ancestry, veteran status, genetic information or any other protected category under federal, state or local law. Expected Salary Range: $61,131 - $100,871 The Electric Reliability Council of Texas (ERCOT) manages the flow of electric power to 27 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 54,100 miles of transmission lines and 1,250 generating units. ERCOT 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. ERCOT's members include consumers, cooperatives, generators, power marketers, retail electric providers, investor-owned electric utilities (transmission and distribution providers,) and municipal-owned electric utilities. ERCOT offers an excellent benefits package, which includes health, dental, vision, life insurance, long/short-term disability insurance, long-term care insurance, Section 125 Flexible Spending Account, and a Retirement Savings Plan. The medical, dental, vision, and quality-of-life benefits offered by ERCOT are second to none. Full-time employees are eligible to enroll in benefits on the first of the month following the date of hire. Additionally, 401(k) plans are available to help employees plan for the future. The ERCOT Internship Program provides college students the opportunity to develop their skills in a professional work environment. Each intern will receive unique projects and assignments that aim to solve real challenges facing the electric industry. ERCOT internships provide professional learning experiences that offer meaningful, practical work related to each student's desired career path. Eligible candidates should be enrolled in an academic bachelors or post graduate degree program maintaining a GPA of 3.0 or higher. The ERCOT Engineer Development Program (EDP) is a 12- to 16-month, self-paced program geared toward entry-level engineers looking to start a career in the power industry. Through the program, an EDP Engineer receives one-on-one mentoring, specialized training, and exposure to the work performed by each of the engineering groups at ERCOT. The program allows engineers to develop the fundamental skills necessary to reach their full potential while gaining an understanding of the types of engineering work ERCOT has to offer. EDP management supports participants each step of the way as they progress through the program. Upon completion, graduates are placed as full-time engineers within one of ERCOT’s engineering groups. The GMS Development Program (GDP) is designed to provide entry-level and early career professionals with the skills necessary to become successful Power System and Computer Engineers. The program, which is based in ERCOT’s Grid and Market Solutions (GMS) Department, will provide experience in day-to-day work and instruction in the fundamentals of electric power systems engineering, grid and market applications, software programming, and IT service and operations management. The GDP offers one-on-one mentoring, training, field trips, and special assignments. These assignments allow GDP engineers to become knowledgeable and familiar with the various business areas at ERCOT. The GMS leadership team prepares GDP engineers for a future career at ERCOT in power systems and computer engineering. The System Operator Development Program (ODP) is intended to combine real-time daily operations in an exciting work setting to prepare participants with the vital skills necessary to be successful in such a critical position — providing 24x7x365 on-demand support to manage the flow of electric power to more than 26 million Texas customers. If you are new to the industry, this program introduces you to the Bulk Electric System by combining introductory courses with the NERC Certification Exam Preparation Program in preparation to pass the NERC Certification Exam.

Salary : $61,131 - $100,871