Associate Settlements Analyst

Requisition ID # 148114

Job Category: Legal
Job Level: Individual Contributor
Business Unit: Energy Policy & Procurement
Work Type: Hybrid
Job Location: Oakland

Department Overview
We recognize that our employees are the backbone of our success. It's the mix of talent, skill, enthusiasm, drive and team spirit that empowers our employees to deliver your energy, today and tomorrow. This is your opportunity to join our team and make your contributions in an industry that is rapidly changing.

The Energy Policy and Procurement (EPP) organization manages electric and gas procurement to ensure reliable supply (e.g. meet the gas and electric needs of our customers 24 hours a day), reduce customer costs and price risk, minimize shareholder risk, and support environmentally preferred resources. Electric Settlements (ES) is a group within the EPP Organization that is responsible for the monthly reporting of PG&E settlement to generation counterparties and PG&E’s financial transactions in the California Independent System Operator (CAISO) marketplace.

Position Summary
The ideal candidate for this position has an aptitude and desire for understanding the energy business, energy procurement, energy contracts, energy markets, conventional and renewable generation project development, the regulatory environment, and related information and processes. The ideal candidate will also have excellent written and oral communication skills, an aptitude for critical thinking, and strong detail-orientation.

This is an entry level position. The Associate Electric Settlements Analyst is responsible for the settling and reporting of Bilateral energy contracts on a monthly basis. Settlement Analysts are also responsible for developing settlement processes for any new contracts that are executed. In addition to contract related duties, Analysts are often involved in numerous cross-functional teams related to department goals.

This position is hybrid, working from your remote office and your assigned work location based on business need. The preferred work location is Oakland, CA. The assigned work location will be within the PG&E Service Territory.

PG&E is providing the hourly rate range that the company in good faith believes it might pay for this position at the time of the job posting. This compensation range is specific to the locality of the job. The actual hourly rate paid to an individual will be based on multiple factors, including, but not limited to, specific skills, education, licenses or certifications, experience, market value, geographic location, and internal equity.

The hourly rate for this position ranges from $32.69 to $49.02.

Job Responsibilities

Electric Contract Settlements (50%)
Manage a number of Bilateral and RPS energy contracts and ensure all activities are in compliance with contract provisions.
Perform invoice validation including processing of statements for payables and creating invoices for receivables.
Interact with counterparties on settlement related issues, Short Term Electric Supply on scheduling and dispatch issues, Contract Management on contract interpretation issues, and Legal on potential dispute issues.
Perform qualitative and quantitative analysis on contract data as necessary.

Reporting and Compliance (20%)
Track costs and volumes related to assigned contracts for financial reporting purposes.
Work with others in the organization and external departments (e.g., Corporate Accounting, Law, Revenue Requirements, etc.) to properly categorize costs for recovery.
Work within the existing control structure to meet all Sarbanes-Oxley (SOX), internal and external auditing requirements. Ensure that all activities and documentation are in compliance.
On an as-needed basis, serve as witness and/or witness assistant, respond to data requests and develop data requests for submittal in regulatory and legislative proceedings.
Work with Contract Management, Revenue Requirements, and Corporate Accounting as needed for proper reporting of new procurement activities

New Contract Implementation (15%)
Support Senior Analysts to design and implement settlement and billing processes for new procurement activities including but not limited to: short, mid, and long-term contracts resulting from PG&E Requests For Offers (RFOs) and Renewables contracts.
Work closely with Contract Management on implementation issues and participate in contract negotiations representing settlements as needed.
Create settlement template spreadsheets or database tools required for performing invoice validation and/or invoice/statement creation.
Document processes and create desktop procedures as part of the implementation process.

Process Improvement/Projects (15%)
Assist Senior Settlements Analyst on providing business advice related to the application and enhancement of the database system that supports the reconciliation of electric and gas costs.
Implement improvements and process automation for invoice estimation.
Collaborate with other groups in the Energy Procurement organization and Information Systems Technology Services (ISTS) as needed.
Work on cross-functional goal teams to accomplish department goals.

Qualifications

Minimum:
High School or GED-General Educational Development-GED Diploma

Desired:
Bachelor's degree in business-related field, math, finance, economics, accounting, engineering, or related equivalent work experience
Skilled in use of MS Word, Excel, PowerPoint
Attention to detail/high level of organization
Knowledge of SQL and/or VBA
Business/Financial Acumen
Strong communication skills (written and oral)
Excellent analytical skills
Understanding of Energy Procurement business
Understanding of Electric Settlements business
Some LEAN, Six Sigma or other process improvement training
Knowledge of CAISO settlement processes