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Power Back Office Analyst

Finance
HOUSTON-LOUISIANA STREET(USA)
USA

Job Description

Come be part of a team that is looking to help manage the organization’s physical integration in current and new North America power markets. Our scope includes implementation of new power contracts, market rules, ISO protocols and trading systems of relevant market areas including ERCOT, CAISO and PJM.
Your missions as a Back Office Analyst will include the following:
  • Support the Power operations desk and Energy Data management team as the first point of contact for operational and invoicing queries;
  • Provide support, perform reconciliations and invoicing in the daily and monthly power reconciliation process, and assist internal groups in any financial workflow;
  • Provide all necessary reports and statements supporting the physical power activities including ERCOT, CAISO and PJM markets;
  • Manage the REC confirmations and settlement process and reporting requirements through close coordination with power trading desk, Middle Office and Energy Data Management;
  • Manage a portfolio of trading counterparts;
  • Check traders supply accurate deal-sheets/electronic download reports for all trades validated within our in-house trading system,(the BOOK);
  • Ensure that accurate trading information is represented within the trading BOOK by confirming deals with counterparts and brokers on a daily basis;
  • Monitor and verify exchange-traded positions and limits;
  • Reconcile the Company’s open trade equity to daily statements from our clearing houses;
  • Monitor and report financial OTC trades to the Dodd-Frank reporting regulators within 24 hours of their execution;
  • Reconcile counterpart/pipeline invoices against the system in liaison with the Operations and Middle Office departments to resolve discrepancies;
  • Agree with counterparts on settlements, provide timely payment instructions and cash forecast information to the Treasury team, and assist the Accounting team with aged debt reporting and resolution and analyzing accruals;
  • Responsible for pulling/analyzing settlement statements within the Simba SMS system;
  • Check and distribute all confirmations produced by the BOOK Confirmation Module or directly from third-parties and record these against the BOOK using the Confirmation Module and chase all outstanding confirmations on a daily basis ;
  • Participate in team and individual projects delegated by the Back Office Manager or Supervisor;
  • Support team members and be available to help and mentor junior team members;
  • Run management reports and ad-hoc analysis
Your purpose as a Back Office Analyst is to be accountable for the following:
  • Accurate and timely processing of confirmations and invoicing/payments of all transactions and according to their legal agreements; - Ensuring all entries within the trading book are correct.
  • Daily checks on open positions and deal transactions –brokers, exchanges & clearers ;
  • Ability to spot errors in the process of trade Verification;
  • Effective communications with numerous internal and external parties

Context and environment

Context and environment
  • Fast paced trading environment requiring you to be able to work both autonomously and as part of a team. Requires strong communication within the team, with other departments and externally.
  • Both industry and contractual deadlines need to be respected to meet all of the company’s obligations;
  • Reconciliation of discrepancies and resolution of counterpart issues requires the you to be able to seek out information necessary for problem solving.
  • Reporting and monitoring obligations per the Dodd-Frank Act, Sarbanes-Oxley Act and to comply with other rules & regulations require diligence and attention to detail

Candidate profile

Qualifications
  • Undergraduate degree or equivalent in Engineering, Mathematics, Finance or Energy preferred.
  • 2-3 years’ experience in the Gas and Power markets with a high data analysis component.
  • Understanding of the North America power industry
  • Strong operational and modelling skills with the ability to implement those using commonly used tools – Alteryx, Python and PBI.
  • Strong analytical capabilities, especially in energy markets and in a broader economical field

Offer ID

61120BR

Metier

Financial Middle / Back Office

Employment type

Regular position

Experience level required

Less than 3 years

Employer company

TotalEnergies Gas & Power North America, Inc.

Branch

Gas Renewables And Power

About us / company profile

At TotalEnergies we know that you're more than what's on your CV. If this opportunity excites you, but your profile doesn't exactly match the description above...give it a try & apply. Diversity of perspectives & experiences make us stronger.

TotalEnergies is a multi-energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

TotalEnergies Gas and Power (TGP) is the trading arm of TotalEnergies in the field of low carbon energies (mainly gas, LNG and power). As such it operates in fast-evolving market dynamics influenced by internal and external factors that require constant adaptation and evolution. Uncertainties specific to the trading environment (volatility of prices, supply & demand mismatches) are coupled with those coming from the broader energy sector (climate change policies, changes in the energy mix, developments of new energy sources, etc). In such context TGP helps to ensure growth and profitability to a key segment of the business in order to reach the objective of Carbon Neutrality by 2050.

Our Culture:
We are committed to meet the energy needs of a growing population while fulfilling our ambition to be a major player in the energy transition. The volatility of the energy trading markets requires excellence in risk management and a culture of innovation.

Our people flourish in an environment that promotes expertise, entrepreneurship spirit, agility and a purpose-driven culture, generating boundless opportunities to learn, grow and achieve collaborative success while ensuring safety in all our operations.

We look for passion, ambition and open-mindedness. While we evolve in a demanding and ever-changing industry, we cultivate a friendly workplace where team spirit and respect guide our daily routine, and where the diversity of our people and their skills create a nourishing experience for all of us.

Total's mission is to responsibly enable as many people as possible to access energy in a world of constantly growing demand, by focusing on three basic cornerstones: - Ethics - Safety - Corporate social responsibility (CSR) As an energy company, ...

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DATE POSTED
June 9, 2023

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