Overview
Company Overview
Pattern Energy is a leading renewable energy company that develops, constructs, owns, and operates high-quality wind and solar generation, transmission, and energy storage facilities. Our mission is to transition the world to renewable energy through the sustainable development and responsible operation of facilities with respect for the environment, communities, and cultures where we have a presence.
Our approach begins and ends with establishing trust, accountability, and transparency. Our company values of creative spirit, pride of ownership, follow-through, and a team-first attitude drive us to pursue our mission every day. Our culture supports our values by fostering innovative and critical thinking and a deep belief in living up to our promises.
Headquartered in the United States, Pattern has a global portfolio of more than 30 power facilities and transmission assets, serving various customers that provide low-cost clean energy to millions of consumers.
Responsibilities
Job Purpose
As a member of Pattern Energy's Energy Settlements team, the Senior Settlement Analyst will serve as a subject matter expert for CAISO market settlements. This role is responsible for validating market revenues and charges, performing detailed shadow settlements, analyzing settlement charge codes, investigating variances, and ensuring accurate and timely settlement of market transactions. The position works closely with Energy Management, Trading, Scheduling, Risk, Data Analytics, and Accounting to optimize market revenue capture and resolve settlement issues across Pattern's renewable generation, storage, and transmission portfolio.
Key Accountabilities
- Perform detailed shadow settlement and validation of CAISO settlement statements, charge codes, and market transactions.
- Analyze settlement variances related to:
- Energy
- Ancillary Services
- Resource Adequacy
- Congestion Revenue Rights (CRRs)
- EIM and EDAM market products
- Transmission-related charges
- Investigate revenue leakage opportunities and identify settlement discrepancies.
- Collaborate with Scheduling Coordinators, Traders, Asset Management, and Market Operations teams to resolve settlement exceptions.
- Evaluate impacts of tariff, BPM, market design, and software changes on settlement results.
- Develop and improve automated settlement controls, reporting, and analytics.
- Support implementation and enhancement of settlement systems, ETRM platforms, and market data solutions.
- Participate in testing and implementation activities associated with CAISO market enhancements and regulatory changes.
- Prepare detailed settlement analyses for management, auditors, and internal stakeholders.
- Monitor settlement timelines and dispute opportunities to maximize revenue recovery.
- Understand power market services agreements and related contract and Energy Imbalance Market charges.
- Monitor and analyze the impact to charges as a result of any rate changes.
- Ensure the accuracy and quality of information used in downstream invoicing and reporting.
- Ensure the timely payment of power market invoices.
- Participate in daily, weekly and monthly settlement of physical and financial trading activities.
- Assist with generation of invoicing statements and cash forecasting, communicating progress with involved groups including the accounting team.
- Coordinate with stakeholders and counterparties to resolve billing disputes/discrepancies proactively and timely.
- Identify, recommend and implement process improvements.
- Ensure that monthly, quarterly, year-end, and special project deadlines and requirements are met.
- Assist with internal control compliance duties.
Qualifications
Experience/Qualifications/Education Required
Educational Requirements
- A Bachelor’s degree in accounting, finance, business or equivalent major required.
Required and Preferred Work Experience
The following criteria will be used as a basis for Pattern to select a qualified applicant:
- 3+ years of experience supporting ISO market settlements, energy trading settlements, market operations, scheduling, or power market analytics.
- Working knowledge of ISO settlement statements and charge code structure.
- Experience conducting settlement reconciliations and variance analysis.
- Advanced Excel and data analysis skills
Preferred Experience
- Subject matter expertise in CAISO settlements.
- Familiarity with CAISO tariff and Business Practice Manuals.
- Experience supporting market-facing renewable generation portfolios.
Additional Requirements
Must possess strengths in the following and be willing to do research as needed:
- The ideal candidate will possess strong analytical skills with attention to detail.
- Commitment, ability, and prior experience in meeting deadlines for monthly and quarterly reporting, and special projects; preparing thorough and complete analyses and reconciliations with appropriate documentation and follow-up.
- Strong organizational skills with the ability to prioritize and manage a demanding workload involving multiple tasks, responsibilities and deadlines with professional follow-through and minimal supervision.
- Self-starter with flexibility, desire and eagerness to learn and assume new responsibilities while maintaining ownership of the projects.
- Strong interpersonal, writing and communication skills. Must be able to meet with and participate in Operations meetings and be well versed in the project contracts in order to contribute to these meetings.
Technical Skills
- Computer skills – Microsoft Office (Excel, Word, Outlook and PowerPoint).
The expected starting pay range for this role is $90,000 - $120,000 USD. This range is an estimate and base pay may be above or below the ranges based on several factors including but not limited to location, work experience, certifications, and education. In addition to base pay, Pattern’s compensation program includes a bonus structure for full-time employees of all levels. We also provide a comprehensive benefits package which includes medical, dental, vision, short and long-term disability, life insurance, voluntary benefits, family care benefits, employee assistance program, paid time off and bonding leave, paid holidays, 401(k)/RRSP retirement savings plan with employer contribution, and employee referral bonuses.
Pattern Energy Group is an Equal Opportunity Employer.
