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Settlements Analyst, Associate

San Francisco, CA, US, 94105

Requisition ID # 26294 

Job Category : Legal 

Job Level : Individual Contributor

Business Unit: Law, Strategy & Policy

Job Location : San Francisco

Department Overview

 

The Energy Policy and Procurement (EPP) organization manages electric and gas procurement to ensure reliable supply (e.g. meet the gas and electric needs of our customers 24 hours a day), reduce customer costs and price risk, minimize shareholder risk, and support environmentally preferred resources. Fuels Settlements (FS) is a group within the EPP organization that is responsible for settling and reporting procurement and hedging transactions and complying with various regulatory reporting requirements.  Procurement transactions include gas commodity, pipelines, storage, financial hedging, and intercompany activities engaged by the company to safely and reliably deliver service to customers.  FS partners with a number of organizations within PG&E, including Treasury, Finance, Regulatory Relations, Risk, Energy Supply, Legal, and Accounting.

 

Position Summary

 

The ideal candidate for this position has a desire and skillset for understanding the energy business, energy procurement, energy markets, commodity and pipelines, the regulatory environment, trading systems, finance, and hedging.  The ideal candidate will also have excellent written and oral communication skills, critical thinking and problem solving, and strong attention to detail.

 

The Associate Fuel Settlements Analyst will be part of a team responsible for settling and reporting PG&E’s contracts to buy/sell natural gas and services from third parties as well as intercompany transactions. The Associate Analyst will:

 

  • Work with internal and external parties to settle and report gas procurement and hedging activities for PG&E’s Core Gas Supply and Electric Gas Supply portfolios;
  • Work with internal and external parties to create and maintain banking and settlement information in PG&E’s system of record;
  • Prepare and file compliance reports for the company’s core gas and electric gas supply portfolios;
  • Interpret, analyze, communicate, and resolve issues that arise during settlements;
  • Develop and follow processes to ensure that transactions are settled accurately and efficiently;
  • Support regulatory efforts at the California Public Utilities Commission (CPUC) and other regulatory entities.

 

Responsibilities

 

The Associate Fuel Settlements Analyst will be responsible for settling and reporting a variety of procurement transactions including gas commodity, pipeline, storage, hedging, and intercompany transactions. Responsibilities will include:

 

  • Initiate and process the settlement of commodity, pipeline, storage, financial hedging, and exchange-traded contracts within Endur;
  • Work with Front Office and Risk groups to reconcile PG&E invoices to counterparty invoices to ensure accurate settlement, including research of volume and price deviations and procurement system defects;
  • Coordinate with, and create reports for, Corporate Accounting for cost estimates and actuals, including explanations for drivers of period-over-period changes.
  • Create pre-notice report for Banking and Money Management on a monthly basis for cash forecasting and borrowing for settlement payments and receipts;
  • Provide input to and/or monitor regulatory proceedings at the CPUC, as necessary, including the CPUC’s Energy Resource Recovery Account and Core Procurement Incentive Mechanism proceedings;
  • Prepare and support PG&E’s monthly report filings to various government entities including the Department of Energy, Energy and Utilities Board, the CPUC, the Energy Information Administration, and other entities;
  • Continuously monitor and implement process and output improvements for settlements and reporting.
  • Demonstrate critical thinking and accountability to ensure that necessary steps are taken to address and resolve issues.

 

Minimum Required

 

  • Bachelor’s degree in business-related field, engineering, environmental policy; or equivalent work experience

 

Desired

 

  • Advanced level proficiency with MS Office Suite (Outlook, Excel, Word, PowerPoint), which may be tested during interview.
  • Ability to understand and analyze complex documents, ability to formulate logical approaches and make effective recommendations to address complex issues, which may be tested during interview.
  • Ability to perform at a high level in a fast-paced organization, working across multiple departments to achieve objectives.
  • Excellent oral and written communication skills; ability to clearly and concisely express information to wide range of persons including non-technical associates, other staff, peers and Executive Management (writing samples may be required).
  • Ability to manage competing priorities and multiple work projects simultaneously while maintaining close attention to detail, accuracy and timeliness.
  • Relevant experience settling gas contracts.
  • Utility industry experience.
  • Experience using Endur or other settlement systems.
  • Regulated industry experience.
  • Accounting experience.
  • Comfort learning and using software with complex configuration
  • Familiarity with gas markets, hedging products, and the California regulatory environment.

 

 

Pacific Gas and Electric Company is an AA/EEO employer that actively recruits and hires a diverse workforce.

Our Mission

To safely and reliably deliver affordable and clean energy to our customers and communities every single day, while building the energy network of tomorrow.

Our Vision

With a sustainable energy future as our North Star, we will meet the challenge of climage change while providing affordable energy for all customers.

Our Culture

We put safety first.
We are accountable. We act with integrity, transparency and humility.
We are here to serve our customers.
We embrace change, innovation and continuous improvement.
We value diversity and inclusion. We speak up, listen up and follow up.
We succeed through collaboration and partnership. We are one team.

Company
Pacific Gas and Electric Company (PG&E), a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric companies in the United States. Based in San Francisco, our 24,000 employees deliver safe, reliable, affordable and clean energy to nearly 16 million people throughout our Northern and Central California service area, stretching from Eureka to Bakersfield and from the Pacific Ocean to the Sierra Nevada.

More About Our Company

EEO
Pacific Gas and Electric Company is an Affirmative Action and Equal Employment Opportunity employer that actively pursues and hires a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, national origin, ancestry, sex, age, religion, physical or mental disability status, medical condition, protected veteran status, marital status, pregnancy, sexual orientation, gender, gender identity, gender expression, genetic information or any other factor that is not related to the job.


Nearest Major Market: San Francisco
Nearest Secondary Market: Oakland