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 general direction of the Manager, serves as a technical expert in the control and maintenance of the general ledger, fixed assets, cash management and market clearing systems. Performs various reconciliations to ensure the integrity of the financial data. Prepares statutory returns and other required government filings. Implements accounting standards and processes for new and existing business practices. Responsible for the verification, validation and correction of market invoice data related to markets, scheduling and grid operations to ensure quality and integrity. Resolves market invoice data discrepancies by partnering with other internal teams to identify root causes of invoice issues and recommends solutions. Performs the weekly market clearing function.  Evaluates deviation interest disputes and recommends approval or denial per the Tariff requirements. Provides input to the design, testing and implementation of market clearing system enhancements to meet compliance and regulatory requirements.   

What You Will Be Doing:

• Reviews and validates market invoice data to ensure that the market clearing process is completed accurately and timely. Resolves market invoice issues and recommends solutions by partnering with upstream teams processing market transactional data. Manages the market clearing processes to adhere to all appropriate Tariff provisions, BPM Procedures and SSAE 16 controls. Validates system, calculates deviation interest and assists in the resolution of any interest-related disputes.
• Validates and analyzes assigned general ledger accounts to ensure the accuracy and integrity of the transactions. Reconciles general ledger accounts, and prepares journal entries as needed to ensure data integrity of the financial statements. Prepares journal entries for investment transfers, depreciation, revenue, and prepaid maintenance and accrued expenses, for month-end close. Serves as the primary contact for audits as the preparer of various schedules and financial data as required.
• Prepares regulatory reports and returns, including the quarterly FERC Form 3Q filing, business and property tax, and sales and usage returns. Supports the preparation and filing of the annual FERC Form 1.
• Manages the collateral refund and receipt process and performs monthly reconciliation of several market participant collateral accounts. Partners with the Treasury and Credit team to ensure these amounts are invested and redeemed in a timely manner on behalf of the market participants.
• Maintains the documentation of market and corporate processes by updating the BPM and desk procedures. Provides guidance to team members on complex market, accounting and system issues.

Level of Education and Discipline:

A Bachelor's degree (BA, BS) or equivalent education, training or experience in Finance, Accounting or related field. Master Degree preferred.

Amount of Experience:

Equivalent years of education and training, plus five (5) or more years related experience.

Certifications:

CPA / CGMA / CMA strongly desired.

Type of Experience:

Experience with general ledger, spreadsheets and databases. Electric or utility accounting experience a plus.  Experience with Oracle Financials a plus.

Additional Skills and Abilities:

Must be able to work effectively in a team environment as facilitator and team member.  Excellent analytical, 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.  Excellent 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.  Self-motivated, problem solving skills and the ability to influence others without direct authority. 

Must be proficient in Microsoft Office Suite.  

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