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SalaryAre you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A position at Xcel Energy could be just what you’re looking for.
Position Summary
The purpose of this position is to accurately understand, account for and report all ISO/RTO transactions (sales/purchases, ancillary services, etc.) for the power marketing business. Responsibilities include a) shadow settlements using the respective ISO data to reconcile to internal data, b) analysis of energy, revenue, LMP, congestions, losses, Financial Transmission Rights (FTR) and all other charge type calculations used in the settlement of day-ahead and real-time markets, c) data entry in the transaction accounting systems, d) reconciliation of ISO settlement statements and invoices, e) communication with various ISOs to resolves discrepancies and to submit disputes, f) manage the invoice and payment process, g) record journal entries into the general ledger, h) reconcile various general ledger accounts and i) provide ISO analysis of activity to management.
Essential Responsibilities
- Download and review the daily ISO settlement files and reconcile transmission, energy and pricing to the Xcel Energy transaction system. Research discrepancies and resolve differences to complete the checkout process. Work with the front office to resolve scheduling and settlement issues.
- Maintain detailed supporting documentation of ISO activity. Provide analysis of ISO activity to front office traders and management to enhance the Company's bidding strategies.
- Reconcile ISO invoices, research discrepancies and resolve differences with the various ISOs. Prepare and process requests for payment with appropriate approval authority. Must meet invoicing deadlines and payment processing deadlines while maintaining accuracy.
- Complete monthly general ledger journal entries, analyze results for correctness and provide the supporting detail reports to the appropriate departments. Maintain files and workpapers for audit purposes.
- Assist in the development of new settlement systems, processes and controls
- Reconcile applicable general ledger accounts and provide detailed analysis of account activity to management.
- Other projects and duties as assigned
Minimum Requirements
Bachelors Degree in Accounting or Finance. Three or more years experience in Transmission Accounting, ISO or an energy trading environment may replace the degree requirement. Candidate must have proven abilities in learning systems and be skilled in Excel and other Windows based programs. Energy industry experience is preferred.
Salary range is $85,000-$105,000 plus annual performance bonus
As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you’re ready to be a part of something big, we invite you to join our team.
All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Individuals with a disability who need an accommodation to apply please contact us at .
Non-BargainingThe anticipated starting base pay for this position is: $69,700.00 to $99,100.00 per yearThis position is eligible for the following benefits: Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Volunteer Paid Time Off (VPTO), Parental LeaveBenefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.
Deadline to Apply: 05/12/24| | | |
ACCESSIBILITY STATEMENT
Xcel Energy endeavors to make https://www.xcelenergy.com/ accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact Xcel Energy Talent Acquisition at recruiting@xcelenergy.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.
