Market Operations Analyst

The future of energy is digitized, decarbonized and localized. At Smartest Energy, we need revolutionary thinkers to help our customers make the most of this new landscape, thinking differently to find smart solutions to complex problems.

Formed in 2001, we’re an agile business driven by entrepreneurial thinking. As a subsidiary of the Marubeni Corporation, we also have strong investment and infrastructure behind us. As well as our office in the US, we have three offices in the UK and another in Australia. Further expansion is planned for 2024 and beyond which means global career opportunities for you, with plenty of potential to explore new markets.

Flexibility is vital to success in our business and many of our staff work flexibly in many different ways, including part-time, compressed hours, remotely or a mix of remote/office. Please talk to us about what flexibility means to you and don’t let anything stop you from applying.

When you join our Team, you will have the opportunity to contribute and make an impact every single day.

Overview

Job Type: Full Time

Job Location: Remote

Pay: $50,000-75,000

Reporting to the Market Operations Team Lead, the principal roles of the Market Operations Analyst are, 1) review and certify ISO settlements 2) coordinate with the billing team to ensure billing curves are accurate 3) reconcile ISO volumes/costs and create a feedback loop to finance 4.) provide back up to Market Ops Analysts for functions included but not limited to Day-Ahead Forecasting and REC Operations/Compliance

This position will be responsible for working closely with trading, sales, enrolments, billing and IT.

In this role, you will be involved with the following:

Market Operations Analyst is expected to plan, structure and prioritize their day-to-day work in order to meet their objectives, the requirements of their manager and the needs of the project or activity. This may include coordination of other internal or external resources at an activity level. Responsibilities include:

• Review and certify ISO settlements. This includes checking for completeness of data and identifying anomalies to investigate for potential errors.
• Design and manage settlement workbooks and reports
• Calculate settlement rate curves for use in complex billing calculations and forward curve calibration
• Coordinate with Market Ops and Complex Billing teams to ensure there is consistency between which cost components are included in forward curves vs. billing curves
• Reconcile historical retail and wholesale volumes
  • For use as an indicator of potential underbilling of customers or overcharging from the ISO
  • For use as an input for estimating expected true-up amounts for cost accrual
  • For use as a potential source for calibrating loss factors
• Follow up with utilities and ISOs to resolve billing discrepancies, and document all relevant detail to support the dispute.

Other areas of assistance within Market Operations:

-ISO Operations and Load Forecasting

• Work with team to ensure all ISO operational requirements are met appropriately, including forecasting, scheduling, UCAP auction participation, collateral monitoring, maintaining load assets, and supporting billing/finance.
• Assist Finance group with operational matters, including ISO reconciliations, and monthly GM estimates for closing.
• Assist team with Load forecasting/scheduling financial analysis

-REC Operations

• Work collaboratively with trading, manage REC positions in all markets.
• Ensure compliance with State requirements.
• Assist team with REC Retirements

To be successful in this role, you are likely to have the following skills/experience:

• Settlement experience in ISONE & ERCOT is preferred
• 5+ years working in the deregulated energy industry
• Graduate in a relevant discipline or area
• Solid understanding of ESCO Operations
• Ability to work in a team environment
• Ability to develop energy industry competence and expertise
• Ability to rapidly comprehend ISO and LDC rules
• Ability to develop comprehend the basics of the energy retail supply business, including pricing, sales and trading

Diversity

Celebrating our inclusive and diverse culture is core to what we do. We value everybody irrespective of race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, disability and genetic information (including family medical history). EOE.

We know that for our business to thrive we need diverse talent with a range of backgrounds, skills and capabilities in each of the countries in which we operate. We view diversity as one of the key enablers that helps our business to grow.

We are committed to the full inclusion of all qualified individuals. As such, if a reasonable accommodation is needed to participate in the job application or interview process, please reach out to the HR & People Team via email us-hrssc@smartestenergy.com so we can discuss with you further.

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