ERCOT Settlement Specialist/ Sr. ERCOT Settlement Specialist

The successful candidate will be hired as an ERCOT Settlement Specialist or Senior ERCOT Settlement Specialist, depending on the selected candidate’s qualifications and experience.
ERCOT Settlement Specialist Job Description

Summary

Responsible for analyzing general ERCOT electric power market settlement issues including data collection/validation, billing, disputes and power mismatches. 

Essential Duties and Responsibilities include the following. Other duties may be assigned.

• Gather, analyze and validate all load, generation, purchased power, ancillary service and financial data.

• Ensure that ERCOT power market settlement data and documents are correct, accurate, timely, and are applied as per market protocols.

• Prepare reports on an ad hoc basis, daily, weekly, monthly, yearly, etc. as needed.

• Analyze, prepare and deliver ERCOT power market invoices for review, payment, and receipt of market transactions.

• Prepare and review Wholesale Customer bills.

• Prepare TCOS billing and/or process TCOS invoices for payment

• Determine if power market settlement issues need to be disputed with ERCOT.

• Analyze, monitor and compile all EPS Meter data for the QSE and Sub QSEs.

• Prepare and submit appropriate dispute documents to ERCOT, with supporting backup information, within the mandated 10-day deadline.

• Perform various other duties as delegated/required.,,

Minimum Qualifications

Education & Experience:

• Bachelor’s degree

• 2 years related experience

• Considerable knowledge of Microsoft Excel

Or an equivalent combination of education and experience sufficient to successfully perform the essential functions of the job.

Preferred Qualifications

Education/ Experience:     

• Bachelor’s degree in Business, Accounting, Finance or related area of study

• 2-4 years electrical industry experience

Knowledge, Skills & Abilities:

• General knowledge of electric market and accounting/finance principles

• Proficient knowledge and understanding of ERCOT data collection requirements

• Establish & maintain effective working relationships

• Ability to effectively and professionally communicate, both in writing and verbally

• Ability to work independently

• Strong analytical and problem-solving skills, and must be attentive to details

• Ability to analyze complex mathematical equations and understand associated terminology

• Ability to implement contractual terminology into mathematical expressions

• Ability to grasp and apply new concepts

Licenses and Certifications

• Valid Class C Texas driver's license

Physical Requirements / Work Environment

The work environment and physical demands described here are representative of those an employee encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The incumbent works in a typical office environment relatively free from unpleasant environmental conditions or hazards.

Sr. ERCOT Settlement Specialist Job Description

Summary

Responsible for leading the administration of all ERCOT electric power market Settlement issues including data collection/validation, billing, disputes and power mismatches.

Essential Duties and Responsibilities include the following. Other duties may be assigned.

• Facilitate the review and analysis of ERCOT Settlement invoices to determine if invoices are valid.

• Responsible for filing settlement disputes and supporting documentation with ERCOT within the mandated 10-day deadline.

• Responsible for validation, analysis, and reporting of settlements data resulting from daily wholesale activities.

• Prepare and review Wholesale Customer bills

• Analyze and prepare Commercial and Industrial data and documents for monthly billing and ERCOT reporting.

• Prepare TCOS billing and/or process TCOS invoices for payment

• Analyze, prepare and deliver invoices for financial gas hedges, bilateral counterparties and energy broker deals of ERCOT market transactions.

• Analyze, monitor and compile data for the Garland and Sub QSEs including but not limited to EPS Meter Data, SCADA Data, Third-Party external data, etc.

• Review, prepare and analyze Renewable Energy data for both Garland and sub QSEs, also working with PPA participants.

• Perform various generation, transmission, market studies, and/or administrative duties as delegated/required.

Minimum Qualifications

Education & Experience:

• Bachelor’s degree

• 5 years related experience

• Extensive knowledge of Microsoft Excel

Or an equivalent combination of education and experience sufficient to successfully perform the essential functions of the job.

Preferred Qualifications

Education/ Experience:     

• Bachelor’s degree in Business, Accounting, Finance, Engineering or related area of study

• 5-7 years electric industry experience

• Experience using PCI (Power Cost Incorporated) software.

• GenManager ERCOT and Power ETRM.

• Experience using MV-90 software

Knowledge, Skills & Abilities:

• Extensive knowledge of electric market and accounting/finance principles terminology

• Extensive knowledge of Microsoft Excel

• Considerable knowledge of the Microsoft Office Software

• Proficient knowledge and understanding of ERCOT data collection requirements

• Proficient skill to work in a team environment as a positive influence 

• Ability to analyze complex mathematical equations and understand associated terminology

• Ability to implement contractual terminology into mathematical expressions

• Ability to grasp and apply new concepts

Licenses and Certifications

• Valid Class C Texas driver's license

Physical Requirements / Work Environment

The work environment and physical demands described here are representative of those an employee encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The incumbent works in a typical office environment relatively free from unpleasant environmental conditions or hazards.