Avangrid Analyst, Settlements - Ld/Sr in Portland, Oregon
Analyst, Settlements - Ld/Sr
Company: AVANGRID RENEWABLES, LLC
Portland, OR, US
Iberdrola is a global energy leader, the number one producer of wind power, and one of the world's biggest electricity utilities in terms of market capitalisation. The group supplies energy to almost 100 million people in dozens of countries including Spain, the United Kingdom (ScottishPower), the United States (AVANGRID), Brazil (Neoenergia), Mexico, Germany, Portugal, Italy and France, with a workforce of more than 35,000 people.
Iberdrola is leading the transition towards a sustainable energy model through its investments in renewable energy, smart grids, large-scale energy storage and digital transformation, to offer its customers the most advanced products and services. Thanks to its commitment to clean energy, Iberdrola is one of the companies with the lowest emissions and an international benchmark for its contribution to sustainability and the fight against climate change.
This role is responsiblefor the timely and accurate settlement of power purchase and sales transactions, including the analysis and reconciliation of contractual information and data, evaluation of systems capabilities, as well as the development of tools and procedures to handle new or non-standard transactions
Provide detailed analysis in reconciliation and settlement of company trading books for a variety of complex power transactions including tolling, capacity, firming and shaping, transmission, balancing, and bucket deals
Analyze and resolve discrepancies to ensure trading books reflect final trading positions and prices
Decompose complex trading and asset contracts in order to account for and settle component parts
Assist with preparation of monthly power trading book forecasts for inclusion in companies flash operating results and general ledger month-end closing
Develop, enhance, and maintain sophisticated spreadsheet models used to value energy assets and contracts
Manage a number of energy contracts and ensure all activities are in compliance with contract provisions
Work closely with internal departments on implementation issues and participate in contract negotiations representing settlements as needed
Monitor and analyze market performance and market updates related to trading operations and settlements
Manage commodity settlements bank statements and cash application.
Guide team members in identifying root causes of systemic data issues and recommends solutions
Assist with preparing and managing daily margin status and agreements for power
Provide assistance to Settlements Manager in evaluating and testing system enhancements and other matters as requested
Adhere fully to internal controls and continually assess control design and effectiveness
Demonstrated ability to structure a data analysis project and deliver against specific project goals
Maintain thorough understanding of company’s energy management systems and develop tools necessary to enhance capabilities
Skills and Requirements
Bachelor's degree in business, finance, accounting or related field with a strong background in financial analysis or the equivalent combination of education and experience.
5 years’ experience in the energy industry or other applicable work experience relevant to responsibilities of this position (the company may consider a candidate with less experience at a lower level)
Must be a self-starting and motivated individual who is able to effectively manage priorities while meeting deadlines for deliverables
Strong verbal and written communication skills with a proven ability to communicate effectively at all levels
Thorough knowledge and previous experience with one or more information systems
Advanced excel skills
A knowledge and understanding of the electricity industry or other similar business
Avangrid employees may be assigned a system emergency role and in the event of a system emergency, may be required to work outside of their regular schedule/job duties. This is applicable to employees that will work in Connecticut, Maine, Massachusetts, and New York within AVANGRD Network and Corporate functions. This does not include those that will work for Avangrid Renewables
AVANGRID’s employment practices and policies are geared to hiring a diverse workforce and sustaining an inclusive culture. At AVANGRID we provide fair and equal employment and advancement opportunities for all employees and candidates regardless of race, color, religion, national origin, gender, sexual orientation, age, marital status, disability, protected veteran status or any other status protected by federal, state, or local law. Learn more about equal employment by following this link
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