Settlements Analyst

The New York Independent System Operator (NYISO) manages the efficient flow of electricity on more than 11,000 circuit-miles of high-voltage transmission lines, dispatching power from hundreds of generating units across the state.

The New York Independent System Operator (NYISO) applies cutting-edge technology to operating a reliable electricity system, managing competitive markets for wholesale electricity, and planning for the Empire State's energy future.  The NYISO’s Finance department invites applications for a full-time Settlements Analyst to join the team.

The Settlements Analyst conduct settlements-related process analyses, custom settlements-related software testing procedures, and provide settlements-related process analyses to support settlement rules development.

ESSENTIAL DUTIES and RESPONSIBILITIES

• Perform various development functions to support market design including: 
• Participate in development cycle for settlements-related processes, which may include participation in requirements and supporting analysis, user acceptance testing and algorithm validation.
• Perform various development functions to support departmental processes including: 
• Perform settlements results validation
• Develop responses to customer inquiries
• Conduct settlements-related training for NYISO staff
• Perform analyses to support settlement rule and process development.
• Develop and deliver training presentations to market participants on settlement rules,  procedures, and settlement system changes.
• Compile, store and retrieve management data to support process development functions.
• Perform periodic and ad hoc reports and analyses.
• Special projects as assigned.

 QUALIFICATIONS:

• Bachelor’s Degree (BS) Accounting, Business, Economics or Finance required; Master’s Degree (MS, MBA) preferred.
• Five years related analyst experience performing increasingly more complex and technical analyses; utility industry or market trading desired, ability to analyze large sets of data, familiarity with financial systems, NYISO or Market Participant experience a plus; or equivalent combination of education, training and experience.

CERTIFICATES, LICENSES, REGISTRATIONS

None required.

ADDITIONAL REQUIREMENTS

• Ability to read, analyze and interpret common scientific and technical journals, financial reports and legal documents. Ability to respond to common inquiries or complaints from Market Participants, regulatory agencies or members of the business community.  Ability to write speeches and articles for publication that conform to prescribed style and format.  Ability to effectively present information to top management, public groups and/or Board of Directors.

• Ability to apply advanced mathematical concepts such as exponents, logarithms, quadratic equations and permutations.  Ability to apply mathematical operations to such tasks as frequency distribution, determination of test reliability and validity, analysis of variance, correlation techniques, sampling theory and factor analysis.
• Ability to define problems, collect data, establish facts and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

• Advanced competency in Windows operating environment using MS Office applications, e-mail and internet programs. Intermediate proficiency in the Business Objects application required.  Intermediate proficiency in PL Sequel a plus.

PHYSICAL DEMANDS

While performing the duties of this job, the employee is regularly required to talk or hear.  The employee frequently is required to stand, walk, sit and use hands to perform routine office tasks.  The employee is occasionally required to reach with hands and arms.  The employee must occasionally lift and/or move up to 15 pounds. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

WORK ENVIRONMENT

The noise level in the work environment is usually moderate.  Contact with staff and public will occur.  Travel may be required to attend and/or conduct meetings, conferences and training.­­­­­­­­­­­­ This position may require work on nights, weekends or holidays.

At the NYISO, we realize the importance of balancing the availability of remote work with the inherent value of bringing people together to attain success in the areas of maximum collaboration, relationship building and growth, teamwork, innovation and problem solving, as well as professional development and mentoring. In this role, you will be required to work onsite from our Rensselaer, NY location several days per workweek, with the option to work remotely on the remaining days. You will also be expected to respond to all business needs that may require any increase to the regular onsite requirements.

The NYISO takes pride in recruiting, developing and retaining highly talented individuals. In addition to competitive salaries, we offer a comprehensive benefits package and innovative reward programs.

All offers of employment will be made contingent upon the successful completion of a drug screening and background check.

The NYISO is an Equal Opportunity Employer and as such, does not discriminate in its hiring or employment practices.