Sr Market Settlement Analyst (Remote)

| Folsom, CA, USA | Remote
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Company Description

The California Independent System Operator (ISO) manages the flow of electricity across the high-voltage, long-distance power lines that make up 80 percent of California's power grid. We safeguard the economy and well-being of 30 million Californians by operating the grid reliably 24/7.

As the impartial grid operator, the California ISO opens access to the wholesale power market that is designed to diversify resources and lower prices. It also grants equal access to 25,865 circuit-miles of power lines and reduces barriers to diverse resources competing to bring power to customers.

The California ISO's function is often compared to that of air traffic controllers. It would be grossly unfair for air traffic controllers to represent one airline and profit from allowing that company's planes to go through before others. In the same way, the California ISO operates independently—managing the electron traffic on a power grid we do not own—making sure electricity is safely delivered to utilities and consumers on time and reliably.

The California ISO is committed to the health, safety, and work/life integration of its employees, and is proud to offer flexible work arrangements. This position would be eligible to participate in a hybrid or fully remote work capacity,

Relocation assistance is available.

Job Description

Under the general direction of the Manager, provide technical expertise related to electricity market applications, and power systems operations. Support processes and activities required for accurate and timely publication of settlement statements and invoices including verification and correction of market transactional data, ensuring complete and accurate calculation of energy accounting, and commitment cost determination.

What's In it for You

Our purpose is to lead the way to tomorrow's energy network. Make a difference and impact millions of people who depend on electricity in their everyday lives.

  • You get to work on interesting and challenging assignments that will help grow your skill set.
  • You will be able to work in an extremely collaborative environment inside our LEED certified Folsom, California campus.
  • You will be challenged, be a part of a winning team, and your contributions will be rewarded and recognized.

What You Will Be Doing

  • Applies technical expertise related to energy market results, calculation of expected energy, and commitment cost determination. Interprets and validates settlements results based upon market behaviors, system conditions, and resource characteristics. 
  • Create business documentation as needed to support analysis.
  • Develops metrics and tools to perform data analysis. 
  • Author’s gathers data using query logic in SQL, develops business rules and logic in analytics software such as SAS or R, and produces summary results for review.
  • Identify root causes of data anomalies including market, operations, and scheduling data. Participate in cross-departmental efforts to resolve software and process issues.
  • Reviews policies, procedures, and processes for upcoming market changes and assess impact to business processes; develop implementation plan for impacted processes.
  • Perform user-acceptance testing for new business processes or system changes to promote quality implementations.
  • Adhering to ISO Tariff, BPMs, and audit standards, support settlement production activities for validation and correction of market transactional data ensuring timely and accurate settlement.
  • Identifies and implements process improvements for efficiency gains, increased accuracy, control compliance, and error detection.


Level of Education and Discipline

  • A Bachelor's degree (BA, BS) or equivalent education, training or experience in Business, Accounting, Finance, Economics, Management of Information Systems, or related technical field.

Amount of Experience

  • Equivalent years of education and training, plus five (5) or more years related experience.

Type of Experience

  • A combination of experience in any of the following disciplines required: utility/power industry, preferably in a similar ISO; system analysis; regulatory, energy accounting, commitment cost determination, or settlements. 
  • Exposure and experience with applied optimization principles and techniques, power system operations and market design. 
  • Experience with identification of data quality issues (accuracy, completeness, etc.) and creation of specific SQL queries to access large volumes for data analysis is required.
  • Advanced Excel skills, SQL, and analytics software such as SAS, or R, is strongly preferred

Additional skills and abilities

  • Competency in Microsoft Office software applications, specifically, advanced knowledge of Excel, Access, and Word is required.
  • Must be able to work effectively in a team environment as facilitator and team member. 
  • Excellent analytical, verbal and written communication and documentation skills required, with a demonstrated attention to detail.
  • Ability to use deductive reasoning and analytical thinking with sound judgment and decision-making skills.
  • Excellent interpersonal and conflict resolution skills are also essential. Must be self-starting and willing and able to work independently in a dynamic corporate organization under pressure of tight deadlines and aggressive expectations.
  • Self-motivated, problem solving skills and the ability to influence others without direct authority.

Additional Information

The pay range for the Sr Market Settlements Analyst is $50.34 - $83.90 per hour.

**We will also consider applicants for a Market Settlement Analyst position. This position requires a Bachelor's degree (BA, BS) or equivalent education, training or experience in Business, Accounting, Finance, Economics, Management of Information Systems, or related technical field. This position requires equivalent years of education and training, plus two(2) or more years related experience. the pay range for the Market Settlements Analyst is $38.26 - $63.77 per hour.**

All your information will be kept confidential according to EEO guidelines.

More Information on California ISO
California ISO operates in the Energy industry. The company is located in Folsom, CA. California ISO was founded in 1998. It has 760 total employees. To see all 17 open jobs at California ISO, click here.
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