Settlements Analyst

Taylor, TX

Full time

R2480

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

The Settlement Analyst performs settlement calculations for the ERCOT nodal market and responds to inquiries from Market Participants' Account Representatives. Analysts build deep expertise in settlement calculations and support projects to implement and enhance ERCOT's Commercial Operations Systems. Serves as the subject matter expert for settlement of the ERCOT nodal market. Develops protocol language and system requirements related to Settlements. Creates test cases, test scripts, test data, and validation tools (using SAS) to test changes to the settlement system.

JOB DUTIES

Level I

• Assists with projects, as necessary, to implement ERCOT's Commercial Operations Systems, including future enhancements

• Assists with system development, product implementation, certification, and testing

• Develops and maintains a strong understanding of the competitive energy markets

• Identifies and recommends improvements to procedures and software that increase accuracy, efficiency, and timeliness

• Writes and executes SQL queries to generate results for analytical reports

• Writes and executes SAS code to certify system changes and verify calculations from the production system

• Resolves Market Participant questions, disputes, and data errors related to settlement computations

• Assists with day-to-day team activities

• Keeps the Senior and/or Lead Settlement Analyst informed of system issues through formal status reports and informal updates (email, team discussion)

• Notifies leadership of key issues in a timely manner

• Builds strong working relationships with Settlement Team members and colleagues across ERCOT departments

• Clearly communicates complex technical concepts, in writing and verbally, to both technical and non-technical audiences

• Supports the Settlement Team and collaborates with peers to meet team objectives and ERCOT initiatives

• Maintains working knowledge of market and power systems, and understands how data elements flow from these systems into the settlement system

Level II — Includes all Level I duties, plus:

• Demonstrates advanced knowledge and expertise in detailed settlement calculations

• Takes initiative to identify and recommend solutions and improvements that increase accuracy, efficiency, and timeliness

• Serves on projects to implement ERCOT's Commercial Operations Systems, including future enhancements

• Mentors other analysts within the department

• Applies knowledge of the software development lifecycle to complete tasks, enhance tools, and support effective process flow

Senior Level — Includes all Level I and II duties, plus:

• Provides on-the-job training and oversees the work of other analysts

• May lead projects to implement ERCOT's Commercial Operations Systems, including future enhancements

• Ensures the quality of deliverables and artifacts produced by Settlement Analysts

• Supports the Lead Settlement Analyst with day-to-day team activities

EXPERIENCE

• Level I: Requires no minimum work experience beyond degree requirements

• Level II: Minimum 2 years of relevant work experience beyond degree requirements

• Senior Level: Minimum 5 years of relevant work experience beyond degree requirements

EDUCATION

• Requires Bachelor's degree in Business Administration, Engineering, Mathematics, Finance, or a related field (required), or an equivalent combination of education and experience

• Prefer proficient in Excel, including complex formulas, pivot tables, and graphs

• Prefer comfortable interpreting and manipulating algebraic equations

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

WORK LOCATION

• Employees are required to work on-site in Taylor, TX at least 2 days per week, or more as business needs require, as determined by management

• On-site schedules are flexible and may be adjusted based on business needs, as determined by the Manager

• Remote work must be performed from the employee's Texas residence

• Employees may choose to work on-site more than required, up to full-time

• #LI-DN

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:

$83,000 - $114,000

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.