Settlement Analyst - Princeton NJ

UNITED STATES • FIELD AREA (Corporate ) • FULL-TIME

Position Summary

The position is responsible for settling power and gas financial and physical transactions made by the company to ensure accurate and auditable recording of company revenues and expenses.  Analyze, support and report mark-to-market values for derivatives to accounting group.  Investigate and resolve discrepancies through communication with traders, energy manager, accounting or the counterparts.  Maintain, verify and report on the trading book to ensure accuracy of records and compliance with risk management policies.  Record all revenue and fuel cost entries in the accounting system. Record and maintain schedules for emissions expenses and revenues.

Major Duties & Responsibilities

• Maintain and reconcile clearing accounts
• Confirm trading transactions
• Settle financial and physical trading transactions using TriplePoint / CXL
• Post journal entries for ISO revenue, financial transactions and fuel costs
• Monthly analysis of hedging positions compared to counterparty
• Assist in monthly and quarterly financial statement and variance analysis
• Reconcile commercial estimates with actual results
• Maintain and reconcile A/R and A/P
• Assist in year-end audits
• Maintain process instructions and procedural documents

Education/Experience Required

• Bachelor’s degree in Accounting with at least 3-4 years of experience, experience in the energy industry a plus
• Understanding-of and ability-to apply Generally Accepted Accounting Principles (GAAP) is required
• Excellent Microsoft Excel skills
• CPA, MBA or audit experience a plus
• PJM, ISO-NE and/or ERCOT experience preferred
• Very detail-oriented self-starter with strong analytical, critical thinking and communication skills who can effectively manage multiple assignments
• Business-oriented professional with strong intellect who can problem-solve and put processes into place
• Ability to articulate information/work and provide financial information to other staff members
• Interact effectively with senior leadership and communicate effectively with business partners
• Ability to work independently
• Organized person who can plan in advance and adjust to timing challenges to multiple deadlines
• Work in a team environment to achieve goals of the department and the company