The SeniorCommercial Analyst will be responsible for complex back/middle office activities of the Commercial team, with a focus on performing more complex settlement calculations, revenue reporting, and reviewing contacts for tracking obligations. This role includes the maintenance and management of revenue-centric models that facilitate the distribution of investor reporting and invoicing. This role will also interface with external clients performing market analyses and reporting on monthly results.
Essential Responsibilities
- Perform shadow settlements; validate final settlements; communicate with counterparties to facilitate alignment, disputing errors as necessary; and execute invoicing. This includes but is not limited to ISO, hedge, and REC settlements.
- Collaborate with Accounting on invoicing, payments, and providing revenue reconciliations for monthly reporting.
- Serve as a key point of contact for asset management clients and offtakers, translating market events and pricing dynamics into clear explanations of revenue outcomes.
- Verify ISO bilateral trade scheduling and support execution of Day-Ahead/Real-Time Scheduling
- Draft transaction confirmations (REC sales, etc.)
- Analyze, reconcile, and evaluate the accuracy of confirmations, ensuring proper amounts and Commercial terms.
- Collaborate with Asset Management and Accounting to deliver investor reporting; investigate, explain, and present budget vs. actual variances as well as the related market analysis.
- Create, manage, and maintain revenue models for reporting to internal and external stakeholders, with the expectation that models will be continually monitored for efficiency and continued improvements.
- Explain and verify revenue calculation methodologies and financial impacts internally to other departments.
- Analyze energy market trends to optimizethe financial performance of solar, wind and other assets.
- Read contracts to understand Commercial obligations; record and communicate obligations to Management and Contract Administration.
- Support the development of new Commercial tools to promote efficiencies in Excel and Power BI.
- Maintain knowledge of ISO rules and proposed changes.
- Manage REC trading and tracking system activity (PJM GATS, NCRETS, WREGIS, TX REC etc.).
Education and Experience Requirements
- Bachelor’s degree in business administration, finance, accounting, economics, or related field.
- 5+ years' of experience working in the financial or energy industries; experience directly supporting Back/Middle-Office functions in wholesale or retail electricity preferred.
- Experience preparing, reviewing, and auditing complex models in Excel.
- Proven competence in MS Excel-based modeling, financial planning and analytics.
- Knowledge of ISO market operations and settlements, especially in PJM, MISO and ERCOT preferred.
- Knowledge of physical and financial power products; basic derivative knowledge preferred.
- Basic understanding of energy markets, solar technology, and wind technology.
- Ability to analyze and extract relevant information within contracts.
- Ability to extract, manipulate, and summarize large amounts of data.
