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Risk and Settlements Analyst

Company: Spencer Ogden
Location: Stamford
Posted on: November 25, 2022

Job Description:

Overview:The position will play a key role in monitoring, reporting and managing risk related to physical and financial power and fuel activities. In addition, the candidate will be responsible for power and fuel settlements and reporting.
Risk Management Responsibilities: - Perform day-to-day monitoring and analysis of energy market conditions. - Develop and administer risk reporting (daily risk report, weekly credit report, quarterly MTM report for financial statements, etc.). - Monitor brokerage accounts and coordinate management of margin requirements. - Develop and implement new valuation models, price curves, risk measures and reports as needed to support the business. - Review risk management processes and enhance efficiency through automation. - Assist in evaluating, monitoring and implementing risk management strategies.
Settlements Responsibilities: - Perform day-to-day monitoring and reporting of plant operations (power revenue and fuel costs). - Reconcile monthly fuel volume records between various entities (plant operations, fuel manager, pipelines and/or local distribution companies). - Evaluate payments from/ to the independent system operator, fuel providers and other parties; dispute amounts that are not correct. - Perform quarterly variance analysis for management reporting. - Monitor emissions holdings, exposures and prices. - Administer external reporting of power and fuel information (EIA, FERC, etc.).
Knowledge/Experience: - Minimum 2 years of financial or energy market experience or Master's Degree required - Knowledge of the Northeastern and Midwest power (PJM / NYISO / ISO-NE) and natural gas markets and/or power plant/trading operations is desirable. - Programming knowledge (Excel VBA and API) is a strong plus. - Experience with settlements processes and regulatory reporting is desired. - Ability to interact with the commercial operations (front office), treasury, accounting department and internal/external auditors. - Ability to balance/prioritize tasks as business conditions/environment change. - Excellent verbal and written communication skills are required.
Qualifications: - Bachelor's Degree in Business with 2 years of relevant work experience or Master's Degree in Business/Mathematics/Energy. - An advanced degree(s) and/or professional designation(s) in finance, risk management computer science, engineering, statistics or applied math are a plus.

Keywords: Spencer Ogden, Stamford , Risk and Settlements Analyst, Accounting, Auditing , Stamford, Connecticut

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