Associate, Renewable Portfolio Settlements

Invenergy - Chicago, IL

Full-time - Mid Level

Chicago, IL

Professional, Scientific, and Technical Services

About the position

Invenergy drives innovation in energy. Powered by decades of entrepreneurial experience and unparalleled execution, we solve the energy challenges facing our customers and communities. We provide power generation and storage solutions at scale around the world to create a cleaner energy future. We develop. We build. We own. We operate. We are Invenergy. The Associate, Renewable Portfolio Settlements will report to the Director, Renewable Portfolio Settlements and is responsible for settling physical and financial energy commodity transactions for various owned and third-party wind, solar, and energy storage projects across North American markets. The role involves identifying pricing and production data issues and communicating and resolving data disputes with trading counterparties, RTOs/ISOs, and internal stakeholders. The role requires detailed analysis of electricity generation and trade data through the use of Allegro and Adapt2 software programs and the ability to understand Power Purchase Agreements and pricing formulas. Periodic regulatory reporting is also required. It is essential for the Associate to exercise good business judgment and to make prudent business decisions for timely dispute resolution.

Responsibilities

• Identify and resolve differences and disputes between anticipated and realized settlement values using knowledge of the renewable energy industry and North American markets.
• Validate power generation and pricing data using internal and external sources, including Allegro, Adapt2, PI, SCADA, and Power BI.
• Send daily power meter data validations to counterparties while adhering to market deadlines.
• Create and maintain Excel templates with validated power generation and price detail for energy or REC customers in accordance with contractual provisions.
• Ensure invoices are validated and internally distributed in time to meet all payment deadlines.
• Navigate regional grid website portals to obtain settlement files and pricing data to reconcile invoices.
• Perform analytical research to determine the cause of settlement discrepancies.
• Monitor commodity transactions for weekly and monthly counterparty settlements to ensure they are captured in the transaction management system correctly.
• Prepare and submit quarterly regulatory reports to the Federal Energy Regulatory Commission for all assigned renewable projects on secure agency websites.
• Assist other departments with financial and market analysis for the company's fleet of renewable projects, as requested.
• Assist with onboarding of new renewable projects in the development stage.
• Serve as subject matter expert in assigned market region and collaborate inter-departmentally to troubleshoot production or onboarding steps.
• Mentor junior team members on navigating market nuances and procedures.
• Identify process improvements and automation opportunities to improve invoice production timeliness and achieve other efficiencies.

Requirements

• Bachelor's degree in an analytical field such as economics, finance, accounting, renewable energy and sustainability or similar field.
• 5+ years of relevant experience (power and/or natural gas experience preferred).
• Eligible to work in the United States without the need for employer visa sponsorship now or in the future.

Nice-to-haves

• Track record of being able to work reliably under tight timelines.
• Experience training junior team members and proposing, designing, and implementing process improvements.
• In-depth understanding of energy commodity markets and regional power/independent system operators (e.g. PJM, ERCOT, NYISO, MISO, SPP, ISO-NE, etc.) with at least two areas of strong subject matter expertise.
• Familiarity with energy trading and risk management software (e.g. Allegro) desired.
• Experience with Power Purchase Agreements preferred.

Benefits

• Dental insurance
• 401(k)
• Paid time off
• Vision insurance