Market Settlement Analyst

  • Full-time

Company Description

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 operating the grid reliably 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.

Job Description

Under the general direction of the Manager, is responsible for verifying, validating and correcting Market transactional input data in the Post Market Systems to ensure the quality of market data and Settlement data. Analyzes, researches, recommends and implements data correction. Develops and implements standards, processes and controls for new and existing business practices. Identifies root causes of systemic data issues. Participates on design implementations and testing teams for new business processes and system changes.

What you will be doing:

  • Verifies, validates and corrects market transactional input data in the Post Market systems to ensure the complete and accurate settlement of energy, ancillary services and other market products. Performs input data validation and corrections in an auditable fashion to ensure timely and accurate transactional data. Analyzes, researches, and recommends data or process corrections prior to publishing settlement statements. Identifies root causes of data anomalies including market, operations, and scheduling data, and develops and recommends solutions to prevent future similar errors through new business processes or software solutions
  • Researches and responds to internal and external inquiries and data requests. Supports dispute resolution. Provides timely information on external client issue tickets and questions from stakeholders. Collaborates with customer service on stakeholder engagements.  
  • Keeps appraised of the policies, procedures, and processes for upcoming market changes. Participates in the impact assessment, and develops implementation plans for impacted processes. Performs user-acceptance testing for new business processes or system changes to promote quality implementations.
  • Adheres to ISO Tariff, Business Practice Manuals, and audit standards. Participates in the review, enhancement and implementation of controls to ensure compliance with audit standards and regulatory requirements. Gathers evidence and provides data for the SOC1 audit. Responds to other internal or external audit requests and completes follow-up activities, as required.

Qualifications

Level of Education 

  • A Bachelor's degree (BA, BS) or equivalent education, training or experience in Engineering, Accounting, or related field.

Amount of Experience 

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

Type of Experience 

  • Experience in Settlements, Energy Scheduling, Data analysis or transactional applications.
  • Competency in Microsoft software applications and data analysis application helpful.
  • SQL database required. 
  • Experience in energy industry helpful.

Additional skills and abilities:

  • Strong verbal and written communication and documentation skills required, with a demonstrated attention to detail. 
  • Ability to use deductive reasoning and analytical thinking with sound judgment and decision-making skills. 
  • Strong interpersonal and conflict resolution skills are also essential. 
  • Must be self-starting and willing and able to work independently in a dynamic corporate organization under pressure of tight deadlines and aggressive expectations. 
  • Problem solving skills with the ability to influence others without direct authority.
  • Must be able to work effectively in a team environment as facilitator and team member. 
  • Must be proficient with Microsoft Office Suite. 

Additional Information

All your information will be kept confidential according to EEO guidelines.