Market Settlements Specialist

Company Description

Central Municipal Power Agency/Services (CMPAS) is a project-oriented public power joint action agency serving municipal electric utilities. As an agent of the Central Minnesota Municipal Power Agency (CMMPA), CMPAS specializes in strategic management, power supply planning and procurement, energy market scheduling, utility project development, and financial and engineering services. Its flexible, project-based business model allows municipal members to sustain competitive operations while benefiting from collaborative opportunities. CMPAS is committed to optimizing utility portfolios and delivering strategic guidance in the best interest of each member. Its members include several municipalities throughout Minnesota, supported by partnerships to achieve cost-effective utility solutions.

All inquiries should be directed to Daren Miller at Echo Search Group: ***email_hidden***.

Role Description

This is a full-time, hybrid role for a Market Settlements Specialist located in Eden Prairie, MN. The Market Settlements Specialist provides all services associated with energy accounting, settlements and billing for members and scheduling customers.

Operational:

• Apply critical thinking to job tasks.
• Manage meter data.
• Represent CMPAS on project development and industry meetings as assigned.
• Keep abreast of relevant professional, industry, and inter‑utility developments and monitor changes that impact agency interests.
• Situational awareness of MISO/SPP and other appropriate energy market developments and readiness to act on actionable information.
• Ability to translate and assign MISO/SPP costs and contracts to members/scheduling customers on monthly billing statements.
• Analyze market settlement information, identify issues and resolve problems.
• Assist with system enhancements, product implementation, certification and testing criteria within the settlement department.
• Resolves member and scheduling customer questions, disputes, and data errors accurately and in a timely manner.
• Provide updates on task and system issues.

Analytical:

• Perform energy and transmission settlement’s function and conduct system modeling to ensure the accuracy of settlements.
• Work closely with accounting to ensure that accurate financials and billings are completed every month.
• Provide supporting details as needed for timely and accurate invoices.
• Ability to perform various in-depth studies using financial quantitative analysis including assessment of risks.
• Identifies and understands issues, problems, and opportunities; compares data from different sources to draw conclusions, uses effective approaches for choosing courses of action or developing appropriate solutions; take action that is consistent with available facts, constraints, and probable consequences.
• Compiles, organizes and format data, including qualitative analysis required for internal and external reporting. Identifies and researches reporting issues, provides recommendations, and assists with adoption of new reporting requirements.
• Recognizes situations where the regulatory framework and rate case outcomes drive our business; Supports regulatory initiatives by gathering data and preparing regulatory schedules and/or preparing pro-forma calculations, testimony and data requests; Assists with review and analysis of regulatory documents; Appreciates the application of the regulatory construct to our business.
• Understands terminology and developments related to MISO and the market settlement process.
• Knows how reconcile the third-party shadow settlement system and financial statements
• Knows when to and can apply technical knowledge to processes, procedures, and tasks.
• Demonstrates a working knowledge of financial statements, metrics and measures, and key strategic business initiatives; Understands and utilizes economic and industry data as it relates to job responsibilities Demonstrates a working knowledge of the MISO transmission and energy markets.
• Verify and prepare documentation related to the cash settlement process for MISO.
• Demonstrates our commitment to quality by documenting work fully and accurately.
• Take action to identify, analyze and improve existing processes within our organization to maximize opportunities for efficiency and effectiveness and meet new goals and objectives.

Skills and Competencies:

• Ability to communicate complex issues pertaining to transmission, energy, and capacity markets to internal and external stakeholders.
• Ability to use creative and abstract thinking and sound reasoning to solve complex problems.
• Strong understanding of financial concepts.
• Work Standards/Quality Orientation.

Education and Experience:

• BS/BA in accounting, finance, economics or other business discipline.
• In-depth Knowledge of energy and capacity markets.
• In-depth Knowledge of Regional Transmission Organization/Independent System Operators and transmission tariffs.
• 5+ years minimum work experience in the wholesale energy market.

Travel Requirements:

• This position requires occasional travel throughout the region and occasionally, other parts of the country. Overnight travel occasionally may be required in specific instances for training, conferences, etc.
• Having a valid driver’s license and the ability to operate motor a vehicle for extended periods of time is required.

All inquiries should be directed to Daren Miller at Echo Search Group: ***email_hidden***.