ERCOT - Electric Reliability Council of Texas logo
Company Name:
Approximate Salary:
Not Specified
Location:
Taylor, Texas
Country:
United States
Industry:
Other
Position type:
Full Time
Experience level:
Education level:
Reference Number
R0335
ID
199819
Job Title:
Settlements Analyst/Cost Analyst
76574

Settlements Analyst/Cost Analyst

Are you an ERCOT Employee? If so please log in to Workday to apply.

JOB PURPOSE                   

Review and approve costs and efficiency parameters related to the operation, maintenance, restoration and upgrading of electric generating power plants.

JOB SUMMARY 

Functions as an expert in the ERCOT Verifiable Cost Process as described in the Verifiable Cost Manual and ERCOT Protocols. Uses knowledge of accounting and power plant operation to review and approve cost information submitted to ERCOT in a variety of data formats.

Ideal candidate will have knowledge of electric generating power plants including: power plant operation, plant maintenance and control, both current and newly developing plant technologies, concepts related to fuel delivery and pricing, and fuel consumption and heat rate calculations.  Nature of the position requires the analyst to work independently and be able to meet strict deadlines with limited supervision.

POSITION DESCRIPTION

Job Title:  Settlements Analyst

Essential Job Duties and Tasks

Settlements Analyst 1:

  • Demonstrates knowledge and expertise in analyzing O&M costs and determining heat rates and other efficiency parameters for generating resources.
  • 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.

Settlements Analyst 2 – Above +

  • Performs all duties and tasks above, and:
  • 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

QUALIFICATIONS

Education

  • Bachelor’s degree in Business administration, Engineering or related field or six years applicable experience is required.

Work Experience

Settlement Analyst 1

  • Minimum of 0-2 years (in excess of degree requirements stated above) of progressively responsible experience in electric utility industry.
  • Proficient with Excel, complex formulas and pivot tables.

Settlements Analyst 2:

  • Minimum of 2 years (in excess of degree requirements stated above) of progressively responsible experience in electric utility industry.
  • Proficient with Excel, complex formulas and pivot tables.

Position is open to a Level 1 Analyst or a Level 2 Analyst depending on the candidate's experience that is identified.

Are you an ERCOT Employee? If so please log in to Workday to apply.

Apply for this job

Options

More Jobs Like This