Energy Settlements Analyst II/Senior (Proficient in Accounting, General Ledger, Financial Reporting)

Summary

You will play a critical role in ensuring the accuracy and integrity of energy market transactions. In this position, you'll analyze energy flows, validate market settlements, and leverage data analytics to identify and resolve discrepancies that impact financial and operational performance. Working with cross-functional teams, you'll help maintain reliable energy accounting processes, support energy trading activities, and serve as a trusted resource for resolving complex reconciliation and settlement issues. This is an opportunity to apply your analytical expertise in a dynamic energy market environment while contributing to the reliable delivery of energy to the communities we serve.

Minimum Requirements

Analyst II

• Bachelor's Degree in Business, Accounting, Finance, Economics, Computer Science, Engineering or Statistics
• PLUS two (2) years' related experience in financial analysis/reporting, settlements or data analysis or advanced degree in applied data analytics, data science, statistics, or business analytics.
• Strong analytical, research and problem-solving skills and ability to communicate effectively.
• Thorough knowledge of Microsoft Excel, PowerPoint, and Word.

Analyst Senior

• Bachelor’s degree in Business, Accounting, Finance, Economics, Statistics, Physics, Engineering or Computer Science 
• PLUS five (5) years experience in accounting reconciliation, energy commodity billing, portfolio modeling, energy trading, data analysis, financial reporting; or an equivalent combination of education and experience.
• Candidates with an advanced degree in applied data analytics, data science, statistics or business analytics may substitute two of the five years of professional experience.
• Experience in energy accounting processes, commodity billing, data analysis, energy markets, financial reporting, related auditing techniques, or Generally Accepted Accounting Principles.
• Ability to identify and resolve issues using problem solving, collaboration and data analysis.
• Advanced knowledge of Microsoft Excel, PowerPoint, and Word

Preferred Skills, Knowledge or Qualifications

Analyst II 

• Experience in account reconciliation, commodity billing, financial eporting or the applied use of energy accounting processes or related auditing techniques.
• Knowledge of commodity trading and valuation, risk management, index pricing, regulatory environments (Federal Energy Regulatory Commission or Arizona Corporation Commission), utility operations, or organized energy markets.
• Experience using analytical tools such as Power BI, SQL or Tableau

Analyst Senior

• • Advanced knowledge in account reconciliation, commodity billing, financial reporting or the applied use of energy accounting processes or related auditing techniques.
  • Experience using analytical tools such as Power BI, SQL or Tableau.
  • Knowledge of commodity trading, risk management, regulatory environments (Federal Energy Regulatory Commission or Arizona Corporation Commission), utility operations, or organized energy markets.

Major Accountabilities

• Utilize critical thinking to analyze billing/energy/transmission/coal/emissions/commodity pricing system data, ensuring the accuracy of data, and correcting any errors. This includes validating invoices, organized market settlements, meters, tags/schedules and conducting investigation and root cause analysis on discrepancies.
• Perform the invoicing process from invoice creation to general ledger posting and collection.
• Gather and analyze commodity data from various sources to identify errors, trends, and inefficiencies.
• Ensure billing accuracy and compliance with company policies and industry best practices.
• Monitor pricing indexes and update forward price curves to perform regular valuations of the overall financial portfolio based on the updated values.
• Review financial positions and coordinate across departments to ensure compliance with the company hedge policy.
• Gather, ensure, monitor, and report compliance with state and federal regulations, particularly those set by Arizona Corporation Commission, The Federal Energy Regulatory Commission (FERC) related to utility transmission, power energy, natural gas and peak demand and California Environmental Protection Agency.
• Prepare and present financial, reporting and settlement data, including findings to team, leaders and internal stakeholders.
• Effectively communicating with other utility companies, energy suppliers, market clients, and market operators to coordinate energy-related activities and validate settlements.
• Support internal and external audits by providing accurate settlement, invoicing, and payment data.
• Analyze and interpret contract provisions, including researching provisions, reconciling settlement data, resolving disputes with counterparties and control areas, and managing payment collections.
• Serves as a resource in analysis and interpretation of contract parameters, agreements, and policies to ensure compliance with policies and government rules and regulations.
• Apply Lean principles and process improvement methodologies and principles to work processes.
• Develop solutions to problems where not all variables are known and which involve exercising critical thinking, intellectual curiosity and judgment within generally defined practices and procedures.
• Ensure system configurations are accurate for settlement, trade capture, risk control, billing, meter, and transmission data.
• Ensure accuracy of data, and test application enhancements working with application technical staff to ensure data integrity and functionality requirements are met.
• Ensure compliance and controls by maintaining and creating appropriate documentation, files, records, systems, or desk procedures.

Export Compliance / EEO Statement

This position may require access to and/or use of information subject to control under the Department of Energy's Part 810 Regulations (10 CFR Part 810), the Export Administration Regulations (EAR) (15 CFR Parts 730 through 774), or the International Traffic in Arms Regulations (ITAR) (22 CFR Chapter I, Subchapter M Part 120) (collectively, 'U.S. Export Control Laws'). Therefore, some positions may require applicants to be a U.S. person, which is defined as a U.S. Citizen, a U.S. Lawful Permanent Resident (i.e. 'Green Card Holder'), a Political Asylee, or a Refugee under the U.S. Export Control Laws. All applicants will be required to confirm their U.S. person or non-US person status. All information collected in this regard will only be used to ensure compliance with U.S. Export Control Laws, and will be used in full compliance with all applicable laws prohibiting discrimination on the basis of national origin and other factors. For positions at Palo Verde Nuclear Generating Stations (PVNGS) all openings will require applicants to be a U.S. person.

Pinnacle West Capital Corporation and its subsidiaries and affiliates ('Pinnacle West') maintain a continuing policy of nondiscrimination in employment. It is our policy to provide equal opportunity in all phases of the employment process and in compliance with applicable federal, state, and local laws and regulations. This policy of nondiscrimination shall include, but not be limited to, recruiting, hiring, promoting, compensating, reassigning, demoting, transferring, laying off, recalling, terminating employment, and training for all positions without regard to race, color, religion, disability, age, national origin, gender, gender identity, sexual orientation, marital status, protected veteran status, or any other classification or characteristic protected by law.

For more information on applicable equal employment regulations, please refer to EEO is the Law poster. Federal law requires all employers to verify the identity and employment eligibility of every person hired to work in the United States, refer to E-Verify poster. View the employee rights and responsibilities under the Family and Medical Leave Act (FMLA).

In compliance with the Drug Free Workplace Act of 1988, the Company is committed to a work environment that is free from the effects of alcohol and controlled substances, and free from the abuse or inappropriate use of prescribed and over-the-counter medications. The Company requires employees to be subject to drug and alcohol testing that is job-related and consistent with business necessity, regulatory requirements and applicable laws.