The California Independent System Operator (ISO) manages the flow of electricity across the high-voltage, long-distance power lines that make up 80 percent of California's power grid. We safeguard the economy and well-being of 30 million Californians by "keeping the lights on" 24/7.

As the impartial grid operator, the California ISO opens access to the wholesale power market that is designed to diversify resources and lower prices. It also grants equal access to 25,865 circuit-miles of power lines and reduces barriers to diverse resources competing to bring power to customers.

The California ISO's function is often compared to that of air traffic controllers. It would be grossly unfair for air traffic controllers to represent one airline and profit from allowing that company's planes to go through before others. In the same way, the California ISO operates independently—managing the electron traffic on a power grid we do not own—making sure electricity is safely delivered to utilities and consumers on time and reliably.

Under the direction of the Manager of Price Corrections and Settlement Disputes, the Market Settlement Specialist performs daily Price Corrections and generates the weekly price correction report.  Designs, develops, tests and maintains Price Correction Tools, Price Correction monitor and validations following new market rules. Maintains and updates the Weekly Price Correction Report project when needed. Responds to client questions related to price corrections. Performs related tasks as required.

What you will be doing:

• Supports and performs daily price corrections in accordance with ISO Tariff rules and standard business practices and adheres to audit controls.
• Generates and publishes the weekly Price correction report per tariff timeline.
• Coordinates with Market Quality and Analysis team to ensure the report is accurate.
• Monitors and Validates data consistency between applications and follow up on the resolution of any data anomaly with other business units and IT.
• Support the dispute research and resolution of the Price correction related disputes.
• Responds to any inquiries from internal business units and external market participants regarding Price Correction.
• Provides assistance in documenting detailed design requirements for new tools needed to support bulk price corrections.
• Performs user acceptance testing of the new tools and projects including validation of business rules as business needs changes.
• Participate and Collaborate with Market Analysis and IT to identify root causes of data anomalies and develops and recommends solutions to prevent future similar errors through new business process or software solutions.
• Attends business meetings and collaborates with project teams to provide impact assessment to Price Correction processes and software.
• Develops, tests and maintains Price Correction tools following new market rules and policy enhancements.
• Performs User Acceptance Testing and End to End testing for new initiatives and major releases. Document the design requirement and the test plan to support the User Acceptance testing. Create and execute the test cases for the UAT and report the testing progress.
• Adheres to tariff requirement and SOC 1 audit controls.
• Gathers and provides evidence to support SOC1 control audit.
• Researches, analyzes business processes, identifies areas of control weaknesses, develops and implements process controls to pass internal and external audits.
• Develops and updates documentation related to business processes and algorithms as appropriate. 
• Assures that clear and adequate documentation is available for other Business units and for related market applications.

Level of Education 

• A Bachelor's degree (BA, BS) or equivalent education, training or experience in Economics, Mathematics, Statistics, Engineering, or Computer Science.
• Master’s degree preferred.

Amount of Experience 

• Equivalent years of education and training, plus two (2) or more years related experience.

Type of Experience 

• Experience in the electric utility industry and/or in a similar organization as the CAISO, with economics, market and operational background.
• Experience with SQL, SAS, or R is required.
• Experience with data manipulation is required.
• Experience with software tools and programming concepts is required. 
• Knowledge of power system operations and power market optimizations is desired.
• Knowledge of the California power transmission networks and structure, and network modeling is desired.

Additional skills and abilities:

• Proficiency in Microsoft Office. 
• Must be able to work effectively in a team environment as a team member. 
• Must be able to handle a dynamic and changing work environment. 
• Excellent analytical, verbal and written communication skills required.
• Excellent problem solving skills required.
• Must be self-motivated, willing and be able to work in a dynamic corporate organization under pressure of tight deadlines and aggressive expectations.

**We will also consider applicants for an Associate Market Settlement Specialist position. This position requires a Bachelor's degree in Economics, Mathematics, Statistics, Engineering, or Computer Science. Master’s degree preferred. This is an entry level position. No experience required. **