Senior Settlements Analyst

Requisition ID # 155005 

Job Category: Legal 

Job Level: Individual Contributor

Business Unit: Energy Policy & Procurement

Work Type: Hybrid

Job Location: Oakland

Department Overview

The Energy Policy and Procurement (EPP) organization procures electricity, capacity, and ancillary services to serve the needs of bundled electric customers. In addition, EPP procures natural gas, pipeline capacity, and storage capacity on behalf of residential and small commercial customers, and for both utility-owned and contracted third-party electric generation. EPP is responsible for the front-office and back-office functions associated with power and gas procurement. Front-office functions entail planning, contracting, trading, scheduling, and dispatching electricity, and natural gas for PG&E’s customers. Back-office functions entail administering procurement agreements and ensuring timely and accurate payments to the California Independent System Operator (CAISO) and third-party power and gas suppliers. EPP also actively participates in regulatory and legislative proceedings that shape the design and implementation of state, regional, and federal energy regulation, and policy. In addition, EPP is responsible for long-term planning, risk management, and compliance functions related to PG&E’s energy portfolio.

Position Summary

EPP’s Fuel Settlements (FS) team under Energy Settlements (ES) ensures that settlements of fuel contracts relating to physical gas, financials (options and swaps), storage and gas liquids, and transportation are in compliance with the terms stipulated in their underlying agreements. In addition, FS is responsible for reports to federal and state agencies and partners with various internal PG&E organizations including Energy Supply, Accounts Payable, Banking & Money Management, Tax, Internal Audit, and Accounting.

Settlements: Perform all settlement related tasks (i.e., new contract setup, settlement data validation, invoice validation, processing, and confirmation) timely and accurately in accordance with the contract terms and conditions, including the assurance that Fuel Settlements’ portfolio meets all internal and external reporting requirements, while maintaining consistency as workload fluctuates. Interact with counterparties on settlement related and confirmation issues as needed or required. Document processes as needed. Help to ensure coverage during planned absences. Become proficient in Contract/Vendor setup and payment set-up and clearing with Banks and Counterparties.

Accounting and Reporting - Operational compliance: Produce timely and accurate internal and external reports. Work with others in the organization and external departments to properly categorize costs for recovery. Serve as additional control check in reviewing accuracy of data as assigned. Ensure that all activities and documentation are in compliance with internal and external requirements. On an as-needed basis, respond to data requests (internal and external; in a timely manner) and develop data for submittal in regulatory and legislative proceedings, and to support witness preparation. Work with Core Gas Supply, Electric Gas Supply, Contract Management, Corporate Accounting and/or Credit Risk Management as needed for proper reporting of new procurement activities and/or other related activities.

This position is hybrid, working from your remote office and your assigned work location based on business need. The preferred work location is Oakland, CA. The assigned work location will be within the PG&E Service Territory.

PG&E is providing the salary range that the company in good faith believes it might pay for this position at the time of the job posting. This compensation range is specific to the locality of the job. The actual salary paid to an individual will be based on multiple factors, including, but not limited to, specific skills, education, licenses or certifications, experience, market value, geographic location, and internal equity. Although we estimate the successful candidate hired into this role will be placed between the entry point and the middle of the range, the decision will be made on a case-by-case basis related to these factors.​ This job is also eligible to participate in PG&E’s discretionary incentive compensation programs.  

A reasonable salary range is:​

Bay Area Minimum: $98,000

Bay Area Maximum: $146,000

Job Responsibilities

• Work with Core Gas Supply, Electric Gas Supply, Corporate Accounting, and others to properly categorize costs for recovery.
• Serve as control check in reviewing accuracy work performed by Analyst/Associate.
• Respond to complex data requests.
• Mentor team members
• Provide overall subject matter expertise to team and internal clients.
• Assist in preparing regulator filing testimonies and act as a witness assistant as needed.

Qualifications

Minimum:

• High School or GED-General Educational Development-GED Diploma

• Job-related experience, 3 years

Desired:

• Bachelor’s degree in business administration or job-related discipline or equivalent experience
• Experience in energy industry, 2 years
• Experience in Corporate Accounting, Energy Accounting, Finance, Settlements, Internal Audit, or Regulatory Affairs, 2 years