15 days old

Power Settlements Analyst

EDF Trading North America, LLC
Houston, TX
  • Job Code

Job title: Power Settlements Analyst

Reports to: Manager, Settlements

Company Information

EDF Trading North America is a major participant in wholesale energy markets. We operate in every market and provide coast to coast coverage of financial and physical products in power, natural gas and NGLs, environmental products and financial crude oil products. We provide our customers with products and services that deliver access to markets, optimize their energy portfolio, hedge risk and manage assets. EDF Trading operates throughout the value chain in the North American wholesale power markets and we are one of the leading wholesale natural gas marketers. Additionally, we provide environmental, congestion management and value added derivative products. With extensive pipeline agreements, we can manage natural gas offtakes, deliveries, capacities and supply anywhere across the continent. For EDF Energy Services we provide wholesale fuel supply and structured products for its extensive base of electricity and natural gas customers including gas-fired power plants, large scale commercial and industrial retail consumers and retail energy aggregators.

EDF Energy Services is our customer-facing operation providing integrated energy management services to commercial and industrial, power generation, and retail supply customers. Taking into account a customers entire energy portfolio, solutions are structured to provide competitive market pricing and to optimize energy usage and generation assets. We offer a complete suite of services to energy-intensive retail customers, from energy supply and hedging to on-site generation management and demand response. And we provide wholesale market access and ISO interface services to a broad network of retail energy providers with footprints across the deregulated markets. For power generation customers, we provide energy management services that encompass fuel supply, scheduling, dispatch, market analysis and risk management all within a single contract. Focused on service, we created a digital integrated platform and customer interface that allows transparent views into energy portfolios and invoices, market prices, analytics and weather.

EDF Trading North America and EDF Energy Services are part of the EDF Group, a global leader in low-carbon energies.


Finance & Settlements

Main Responsibilities

Individual will report directly to the Manager of Power Settlements and will work in a deadline oriented, high responsibility, high energy, trading environment. This is a visible position entailing considerable interaction with the front, middle and back office groups.

  • Participate in daily, weekly, and monthly settlement of physical and paper trading activity (Accounts Payable/Receivable)

  • Coordinate with counterparties to resolve invoice reconciliation discrepancies proactively and timely with others across capabilities including scheduling and trading team to improve overall customer experience

  • Track payments and assist in following up with all non-paying counterparties.

  • Resolve tag cuts with counterparties, track input to deal capture system, and insure settlement from all parties involved.

  • Assure accuracy and integrity of activity recorded in general ledger

  • Assist with generation of invoicing statements and cash forecasting, communicating progress with settlements and finance team

  • Work within settlements team on responsibilities during busy times with cross training, ad-hoc reporting, audit inquiries, and process improvements

  • Develop an understanding of the market structure and build relationships with internal and external counterparties, traders, position managers, operations and other EDF capabilities

  • Assist in reconciliation and invoicing of managed assets and trading including settlement with associated power pools such as ERCOT, MISO, CAISO, and PJM

  • Understand contract details, fees, rates, and payment schedules to ensure all items for payment are captured in a timely manner

  • Identify, recommend, and implement process improvements around settlement and accounting processes

  • Perform month end close accounting entries and account reconciliation.

  • Provide data collection and reporting assistance during internal and external audits.

Experience Requirements

Technical Requirements:

  • Bachelor's or Master's degree in Accounting or Finance.

  • The ideal candidate will be a self-starter with a solid understanding of power markets and deal flow with 3-5 years experience.

  • Strong communication, analytical and interpersonal skills are critical, as well as a solid foundation with the MS Office Suite, and more specifically Excel.

  • Experience with OATI and power ISOs preferred.

Leadership Requirements:

  • Highly Confident, articulate individual who is a team player and work well with other desk.

  • Ability to prioritize task and be able to respond to changes in priorities

  • Ability to explain complex ideas in a cohesive, clear manner

  • Highly motivated, self-sufficient and enthusiastic individual who has strong desire to grow within Company.

  • Good understanding of business processes and data management

  • Highly knowledgeable about EDF and the Company business overview

Note: EDF is an Affirmative Action EEO employer

We are an equal opportunity employer and all qualified candidates will receive consideration for all positions without regard to race, color, age, religion, sex (including pregnancy), sexual orientation, gender identity, national origin, veteran status, disability, genetic information, or any other characteristic protected by law.

EDF participates in the E-Verify Employment Verification Program.

EDF is not currently accepting unsolicited resumes from search firms. Regardless of past practice, all resumes submitted by search firms to any employee at EDF via-email, the Internet or directly to hiring managers at EDF in any form without a valid written agreement in place for that specific position will be deemed the sole property of EDF. As a result, no fee will be paid in the event the candidate is hired by EDF.

Sponsored by:
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Sponsored by:
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Power Settlements Analyst

EDF Trading North America, LLC
Houston, TX

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EDF Trading North America, LLC
Houston, TX

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