Supervisor Settlements - Verifiable Costs

Taylor, TX

Full time

R2495

At ERCOT, our diverse and dynamic work environment provides a platform on which employees can work together to build the future of the Texas power grid and wholesale market utilizing the latest technologies and resources. We encourage you to join our talented, dedicated workforce to develop world-class solutions for today and tomorrow’s energy challenges while learning new skills and growing your career.

ERCOT is committed to fostering inclusion at all levels of our company. It is the cornerstone of our corporate values of accountability, leadership, innovation, trust, and expertise. We know that individuals with a wide variety of talents, ideas, and experiences propel the innovation that drives our success. An inclusive and diverse workforce strengthens us and allows for a collaborative environment to solve the challenges that face our industry today and in the future.

JOB SUMMARY

Functions as the subject matter expert and people leader for the ERCOT Verifiable Cost Process, overseeing a team of Settlement/Verifiable Cost Analysts who review and approve cost information submitted to ERCOT in a variety of data formats. Combines deep technical knowledge of power plant operations, accounting, and market rules with supervisory responsibility for staffing, performance management, workload prioritization, and professional development of the VC team. Serves as an escalation point for complex or disputed cost determinations and represents the VC function in cross-departmental and market-facing discussions.

JOB DUTIES

• Responsible for hiring, coaching, training, and performance management of staff.

• Frequently interacts with direct reports and functional peer groups. Interaction normally requires the ability to gain cooperation of others.

• Provides direct supervision to professional individual contributors and/or skilled, support individual contributors. Acts as an advisor to department and may become actively involved, as required, to meet schedules and resolve problems. A small portion of time is normally spent performing individual tasks related to the department. Typically has full responsibility for direct reports.

• May provide input to budgeting and financial decisions that impact the department. Requests approval for financial actions beyond a limited scope per policy.

ADDITIONAL JOB DUTIES

Team Leadership & Development

• Supervises, coaches, and develops Verifiable Cost Analysts, including hiring, onboarding, performance reviews, and career development planning.

• Assigns and prioritizes workload across the VC team to meet settlement deadlines, balancing complex or high-risk reviews against day-to-day volume.

• Builds team capability through training on the Verifiable Cost Manual, ERCOT Protocols, and evolving generation technologies, fuel markets, and cost structures.

• Establishes and monitors quality-control standards for cost and efficiency parameter reviews to ensure consistency across analysts.

Technical & Process Oversight

• Serves as the escalation point for complex O&M cost, heat rate, and operational parameter reviews for generating resources, including disputed or ambiguous determinations.

• Directs the development and maintenance of tools, calculations, and procedures used by the team to perform Verifiable Cost analysis, driving improvements in accuracy, efficiency, and timeliness.

• Maintains and evolves subject-matter expertise in the ERCOT competitive energy markets, generation technologies, and regulatory developments affecting Verifiable Costs and Settlements.

• Oversees resolution of client questions and disputes related to settlement computations, ensuring timely and well-documented outcomes.

Stakeholder & Cross-Functional Engagement

• Communicates team status, risks, and key issues to management through formal reports and regular updates.

• Builds and maintains strong working relationships with Settlement, Credit, Retail, and Metering teams, as well as staff in other ERCOT departments.

• Represents the Verifiable Cost function in discussions with Market Participants, regulatory stakeholders, and internal projects.

• Supports and facilitates the implementation and enhancement of ERCOT's Commercial Operation Systems—providing VC-specific requirements, testing support, and certification criteria—while managing systems development, workflow procedures, and cross-departmental coordination with ERCOT clients through effective project and contract management

EXPERIENCE

• Requires minimum 5 years job related work experience and 1 year in a leadership role preferred in excess of degree requirements. Minimum years of job related experience can include time in leadership roles.

• Prefer prior experience leading, mentoring, or supervising analysts, or demonstrated readiness to take on people-management responsibilities.

• Require ability to work with Excel, including complex formulas, pivot tables, and graphs; comfortable interpreting and manipulating algebraic equations.

• Prefer experience with, or strong aptitude for, SQL, Visual Basic, and SAS.

• Prefer industry experience relating to power plant operational and cost parameters

• Require strong written and verbal communication skills, with the ability to explain complex technical concepts to both technical and non-technical audiences.

EDUCATION

• Bachelor's Degree : Business, Engineering, Accounting or related field (Required)

• Master's Degree : Business, Engineering, Accounting or related field (Preferred)

• or a combination of education and experience that provides equivalent knowledge to a major in such fields is required

The foregoing description reflects the minimum qualifications and the essential functions of the position that must be performed proficiently with or without reasonable accommodation for individuals with disabilities. It is not an exhaustive list of the duties expected to be performed, and management may, at its discretion, revise or require that other or different tasks be performed as assigned. This job description is not intended to create a contract of employment with ERCOT. Both ERCOT and the employee may exercise their employment-at-will rights at any time.

ERCOT is firmly committed to equal employment for all qualified persons without regard to race, sex, medical condition, religion, age, creed, national origin, citizenship status, marital status, sexual orientation, physical or mental disability, ancestry, veteran status, genetic information or any other protected category under federal, state or local law.

Expected Salary Range:

$123,000 - $170,000

The Electric Reliability Council of Texas (ERCOT) manages the flow of electric power to 27 million Texas customers - representing about 90 percent of the state's electric load. As the independent system operator for the region, ERCOT schedules power on an electric grid that connects more than 54,100 miles of transmission lines and 1,250 generating units. ERCOT also performs financial settlement for the competitive wholesale bulk-power market and administers retail switching for 8 million premises in competitive choice areas. ERCOT is a membership-based 501(c)(4) nonprofit corporation, governed by a board of directors and subject to oversight by the Public Utility Commission of Texas and the Texas Legislature. ERCOT's members include consumers, cooperatives, generators, power marketers, retail electric providers, investor-owned electric utilities (transmission and distribution providers,) and municipal-owned electric utilities.

ERCOT offers an excellent benefits package, which includes health, dental, vision, life insurance, long/short-term disability insurance, long-term care insurance, Section 125 Flexible Spending Account, and a Retirement Savings Plan.

The medical, dental, vision (https://www.ercot.com/files/docs/2023/11/29/Benefits-Highlights-2024.pdf) , and quality-of-life benefits offered by ERCOT are second to none. Full-time employees are eligible to enroll in benefits on the first of the month following the date of hire. Additionally, 401(k) plans (https://www.ercot.com/files/docs/2019/09/23/ERCOT\_401K\_Sept\_2019\_FINAL.pdf) are available to help employees plan for the future.

The ERCOT Internship Program provides college students the opportunity to develop their skills in a professional work environment. Each intern will receive unique projects and assignments that aim to solve real challenges facing the electric industry. ERCOT internships provide professional learning experiences that offer meaningful, practical work related to each student's desired career path.

Eligible candidates should be enrolled in an academic bachelors or post graduate degree program maintaining a GPA of 3.0 or higher.

The ERCOT Engineer Development Program (EDP) is a 12- to 16-month, self-paced program geared toward entry-level engineers looking to start a career in the power industry. Through the program, an EDP Engineer receives one-on-one mentoring, specialized training, and exposure to the work performed by each of the engineering groups at ERCOT.

The program allows engineers to develop the fundamental skills necessary to reach their full potential while gaining an understanding of the types of engineering work ERCOT has to offer. EDP management supports participants each step of the way as they progress through the program. Upon completion, graduates are placed as full-time engineers within one of ERCOT’s engineering groups.

The GMS Development Program (GDP) is designed to provide entry-level and early career professionals with the skills necessary to become successful Power System and Computer Engineers.

The program, which is based in ERCOT’s Grid and Market Solutions (GMS) Department, will provide experience in day-to-day work and instruction in the fundamentals of electric power systems engineering, grid and market applications, software programming, and IT service and operations management. The GDP offers one-on-one mentoring, training, field trips, and special assignments. These assignments allow GDP engineers to become knowledgeable and familiar with the various business areas at ERCOT. The GMS leadership team prepares GDP engineers for a future career at ERCOT in power systems and computer engineering.

The System Operator Development Program (ODP) is intended to combine real-time daily operations in an exciting work setting to prepare participants with the vital skills necessary to be successful in such a critical position — providing 24x7x365 on-demand support to manage the flow of electric power to more than 26 million Texas customers. If you are new to the industry, this program introduces you to the Bulk Electric System by combining introductory courses with the NERC Certification Exam Preparation Program in preparation to pass the NERC Certification Exam.