Market Settlement Analyst

Summary

Join the California Independent System Operator (ISO) as a Market Settlements Analyst! Under the direction of the Manager, you will provide technical support related to electricity market applications and power systems operations. Key responsibilities include generating accurate settlement statements and invoices, validating market data, identifying and resolving data anomalies, and improving business processes. You will collaborate with cross-functional teams and respond to inquiries from internal and external clients. This hybrid or fully remote position offers relocation assistance. The ideal candidate possesses a Bachelor's degree in a relevant field and 2+ years of related experience in the utility/power industry, preferably with an ISO. Experience with SQL, data analysis, and energy accounting is essential.

Requirements

• 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
• Equivalent years of education and training, plus two (2) or more years related 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

Responsibilities

• Generate accurate and timely calculations of expected energy, commitment costs, settlement statements, and invoices
• Proactively support processes and activities related to daily production workflow to ensure accurate and timely settlement statements including verification and correction of market transactional data execution of post-market processes and publication of data to downstream systems; and supports calculation, validation, and publication of settlement statements and invoices according ISO Payment Calendar
• Develop basic metrics and tools for data analysis, building upon established templates and guidance
• Collect data using query logic in SQL, assists in applying business rules and analytics within software like SAS or R, and prepares preliminary summaries for team review
• Validate and correct market transactional data
• Identify root causes of data anomalies including market, operations, and scheduling data
• Apply foundational knowledge related to energy market results, expected energy calculations, and commitment cost determinations
• Interpret and validate settlement outcomes based on observed market behavior, system conditions, and resource attributes
• Identify potential causes of data discrepancies across market, operations, and scheduling information
• Participate in collaborative, cross-departmental discussions to address software or process-related issues
• Contribute to user-acceptance testing for new business processes or system updates to help ensure quality outcomes
• Analyze business processes to identify areas of control weaknesses
• Develop and implement process control improvements and enhancements to ensure control compliance
• Identify potential areas for process improvement, assisting in efficiency enhancement, accuracy increase, compliance support, and early error detection
• Create business documentation as required to support analysis and foster understanding among team members
• Review tariffs, BPMs, protocols, procedures, and processes related to market changes and assess impacts on business operations to facilitate validations and accurate settlements as appropriate
• Provide business requirements and perform acceptance testing for new business processes or system changes to promote quality implementations from an end-user and business needs perspective
• Create action plans for impacted processes under guidance
• Adhere to ISO Tariff, BPMs, and audit standards, supporting settlement production tasks that involve validating and correcting market data for accurate and timely settlement
• Respond to inquiries from external clients and internal business partner in an informative, professional, and timely manner
• Interact with other teams throughout the ISO including System Operations, Market Services Support, Accounting, Regulatory, Compliance, and Customer Service on matters pertaining to settlements, invoicing, transmission access charges, disputes, ADR/Litigation or other related areas

Benefits

• Flexible work arrangements
• Hybrid or fully remote work capacity
• Relocation assistance is available