Mgr Energy Settlements

CPS Energy
United States, Texas, San Antonio
Jan 21, 2025
Mgr Energy Settlements Date: Jan 21, 2025 Location: San Antonio, TX, US, 78205 Company: CPS Energy We are engineers, high line workers, power plant managers, accountants, electricians, project coordinators, risk analysts, customer service operators, community representatives, safety and security specialists, communicators, human resources partners, information technology technicians and much, much more. We are 3,500 people committed to enhancing the lives of the communities we serve. Together, we are powering the growth and success of our community progress every day! Pay Grade Pay Grade 18 Only Deadline t Apply: Open Until Filled Position Summary We are searching for a Manager in the Energy Settlements Accounting area. This position is responsible for wholesale energy market billing and payments and coordinating the financial settlements of energy transactions with the Energy Reliability Council of Texas (ERCOT) for nine Qualified Scheduling Entities (QSE's) in the ERCOT nodal market,as well as external counterparties; and managing the fuel cost allocation system, which allocates costs to system and off-system activity by book and operational strategies. Contributes to the successful completion of CPS Energy's annual financial audit and clean opinion. Tasks and Responsibilities * Provides critical oversight of the recording of ERCOT market settlement transactions in the Power Cost Incorporated (PCI) system in accordance with established ERCOT Nodal Protocols and contracts. * Oversees functions necessary to support daily cash settlements of energy and ancillary service transactions within the ERCOT Nodal Day-Ahead and Real-Time Markets. Also, settles the procurement of Congestion Revenue Rights and bilateral deals with external counterparties. * Reviews and approves payments for the purchase and settlement of gas transactions and purchase power contracts (including renewables such as solar, wind, and battery) on a monthly basis timely and accurately. * Oversees functions necessary to support the Controller month-end close process, including providing ERCOT settlement sub-ledger data and wholesale post analysis reconciliations. * Oversees the analysis and documentation of ERCOT cost/revenue allocation results of energy transactions, including making recommendations to management on the allocation of costs/revenues between operational strategies. * Acts as key liaison with the operational and EIT subject matter experts to answer questions, conduct testing and provide input on design requirements and upgrades related to PCI energy data, settlements or post-allocation systems. * Oversees reporting to comply with regulatory and other internal/external reporting requirements, such as the PUCT, ERCOT, FERC and internal accounting. * Monitors all new ERCOT developments and works with internal stakeholders (e.g., ESMO Front Office and Middle Office, EIT groups, Metering, etc.), to implement all protocol changes impacting settlement charges. * Contributes to the successful completion of CPS Energy's annual financial audit and clean opinion to include: Acting as key liaison to answer critical questions and participate in complex discussions with external auditors involving ERCOT settlements and transactions; overseeing the timely and accurate completion of audit schedules and responses to requests for information. * Manages, coaches and mentors the development of Energy Settlements Accounting staff to include provision of learning opportunities, cross-training, and ongoing focus on staff engagement, safety, and practice of CPS Energy's behavioral principles and core values. * Develops performance goals and provides feedback in accordance with CPS Energy's performance management system. * Performs other duties, including complex special projects and new product lines, as assigned. Minimum Skills Personal Computer Usage Minimum Knowledge and Abilities Significant years of experience of demonstrated and increased level of responsibility in the financial field. Ability to lead a diverse team of staff. This leadership experience may be through formal supervisory experience or informally, such as directing the work of a junior colleague, or through significant peer leadership experience. Experience leading cross-functional teams, people and projects in a matrixed organization Is dedicated to meeting the expectations and requirements of internal and external customers; establishes and maintains effective relationships with customers and gains trust and respect; ability to promote teamwork Ability to analyze financial and operational data to determine if operational changes should be recommended. Capacity to develop detailed work plans, schedules, models and status reports, as well as track projects and ensure adherence to timetables and deliverables. Ability to create and/or evaluate complex models to opine on transaction economics and financial impact to the company. Demonstrated sophisticated reasoning skills, including cost tracing and root-cause analysis. Demonstrated well-developed written and verbal communications skills for interaction within the section, across departmental lines to all levels of personnel, and vertically with management. Demonstrated ability to multi-task various critical work assignments proactively and independently in a fast paced environment and in a professional manner. Demonstrated ability to oversee system conversions/enhancements, including identifying system requirements, development of test scripts and performance of system testing. Possess a valid driver's license with a history of a safe driving record in accordance with CPSE policies, procedures, safety standards, and applicable laws and regulations Preferred Qualifications CPA or comparable professional financial designation. MBA with concentration in Accounting, Finance or related field. Knowledge and/or experience with ERCOT settlements and billing. Working knowledge and/or experience in wholesale energy markets. Working knowledge of ERCOT market protocols and their application to operation of a diverse generation portfolio. Familiarity with processes for production cost modeling and post transaction analysis for wholesale power marketing. Familiarity with operational systems used to implement ERCOT deployments, preferably PCI Gen Trader and ABB Network Manager. Proficient in SAP Competencies Communicates Effectively Developing Talent Championing Customer Needs Accepting Responsibility Managing Performance Minimum Education Bachelor's Degree in Business with a concentration in Accounting Finance or related field from an accredited university Required Certifications Working Environment Indoor work, operating computer, manual dexterity, talking, hearing, repetitive motion. Use of personal computing equipment, telephone, multi-functioning printer and calculator. Ability to travel between business related events. Work hours may be extended. Physical Demands Office Environment CPS Energy does not discriminate against applicants or employees. CPS Energy is committed to providing equal opportunity in all of its employment practices, including selection, hiring, promotion, transfers and compensation, to all qualified applicants and employees without regard to race, religion, color, sex, sexual orientation, gender identity, national origin, citizenship status, veteran status, pregnancy, age, disability, genetic information or any other protected status. CPS Energy will comply with all laws and regulations. Nearest Major Market: San Antonio Job Segment: Power Plant, Manager, MBA, Procurement, Energy, Management, Operations