Settlements Analyst

Posted 2 Days Ago
Be an Early Applicant
San Diego, CA, USA
In-Office
70K-88K Annually
Mid level
Utilities
The Role
Supports ISO/RTO market settlements by reconciling settlement statements, processing invoices, coding payments for Accounting, analyzing market changes, and investigating discrepancies. Prepares quarterly FERC EQR filings and provides ISO data to internal and external stakeholders. Assists senior analysts with inquiries, ad hoc research, and process improvements. Requires strong analytical, communication, and decision-making skills, with advanced Excel proficiency preferred and familiarity with energy markets beneficial.
Summary Generated by Built In

Calpine, a business unit of Constellation Energy Corporation (Nasdaq: CEG), is America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. With 79 energy facilities in operation, Calpine’s fleet has the capacity to generate approximately 27,000 MW of electricity – enough to power approximately 27 million homes. Through wholesale power operations and its retail businesses, Calpine serves customers in 22 states and Canada. Its clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner.

The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, its renewable geothermal plants use steam generated deep below the earth's surface to produce clean, renewable electricity.

Job Summary (includes but is not limited to the following, other duties may be assigned)

This position will support the lead and senior analysts of ISO/RTO market settlements for assigned market(s) and will report directly to the Manager of Market Settlements.

Job Responsibilities:

ISO/RTO Invoice Processing:

  • Understand settlement rules, timelines, supporting files and reconcile the ISO/RTO market settlement statement, for assigned market(s)
  • Download, summarize and present the ISO/RTO market invoice to the lead market Analyst or Settlements Manager/Director.
  • Provide support and coding to Accounting, to process the ISO/RTO payment and ensure invoices are processed timely and accurately.
  • Summarize market changes and trends to lead Analyst and/or Manager/Director.
  • Work with lead Analyst and/or Manager/Director to troubleshoot, investigate discrepancies and streamline invoicing processes.

Data Reporting

    • Quarterly filing of FERC EQR for assigned market(s)
    • Provide timely and accurate ISO-published data to both external and internal customers, both on an ongoing basis and ad hoc

    Ad hoc support

      • Assist lead/senior analysts in researching and responding to inquiries from Front/Mid/Back-office personnel regarding assigned market(s) and related tasks
      • Provide support to lead/senior analysts for miscellaneous projects and requests

      Job Requirements

      • Bachelor’s degree, preferably in mathematics, business, economics or at least 3 years of equivalent work experience
      • Effective communication skills, both written and oral
      • Ability to convey complex information in a clear and concise manner, tailored to the respective audience
      • Strong analytical, critical thinking, and decision-making skills
      • Ability to identify issues, analyze data, recommend and implement solutions
      • Advanced proficiency in Excel preferred
      • Basic understanding of energy markets, metering, retail energy settlements preferred

      Salary Range 

      $70,304 - $88,449.38

      Additional Calpine Information:

      • Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.
      • Calpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position, please send an e-mail with your request to [email protected]. Determination on requests for reasonable accommodation are made on case-by-case basis.

      Please view Equal Employment Opportunity Posters provided by OFCCP here

      Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
      This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

      Skills Required

      • Bachelor's degree, preferably in mathematics, business, or economics, or at least 3 years of equivalent work experience
      • Effective written and oral communication skills
      • Ability to communicate complex information clearly and concisely to different audiences
      • Strong analytical, critical thinking, and decision-making skills
      • Ability to identify issues, analyze data, recommend solutions, and implement improvements
      • Advanced proficiency in Excel
      • Basic understanding of energy markets, metering, and retail energy settlements
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      The Company
      HQ: Houston, TX
      2,200 Employees
      Year Founded: 1984

      What We Do

      Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Our fleet of 76 power plants in operation or under construction represents more than 26,000 megawatts of generation capacity -- enough to power approximately 20 million homes. Through wholesale power operations and our retail businesses Calpine Energy Solutions and Champion Energy, we serve customers in 22 states, Canada and Mexico. Our clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. We are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid. Please visit www.calpine.com to learn more about how Calpine is creating power for a sustainable future

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