Description
Job Title: Settlements Analyst, Power/RECs
Location: Remote - (US) Houston, TX and Dublin, OH or (Canada) Mississauga/Greater Toronto Area, ON
Reports To: Sr. Manager, Power/RECs Settlements
Job Summary:
The Analyst, Power & RECs Settlements reports to the Manager, Power Settlements and is responsible for managing settlement processes for power and environmental commodities. This role ensures accurate ISO settlement data capture, supports gross margin analysis and reporting, and collaborates with internal teams and external counterparties to resolve discrepancies and optimize processes.
Key Responsibilities:
Power Settlements
Serve as primary analyst for assigned ISO and provide backup support for other ISO settlements and invoicing.
Maintain and monitor settled data in Adapt2 and ISO systems (including certificates and notices).
Conduct shadow settlements.
Reconcile bilateral and ISO invoices; ensure timely processing and payment.
Support commodity cash forecasting with Treasury.
Support month-end close processes, including gross margin reporting and journal entries.
Perform variance analysis between estimated and actual energy costs; provide feedback to Trading, FP&A, and GM Accounting teams.
Identify cost optimization opportunities and enhance transparency in power costs.
Collaborate with internal teams (Supply Team, Finance, Legal) and external counterparties to resolve discrepancies.
Support audits and contribute to process improvements across systems and workflows.
Environmental Commodities (RECs & Carbon Credits)
Reconcile environmental product activity against invoices and registries using ETRM systems (EKA).
Generate invoices and coordinate settlements with Supply Team and Accounts Payable.
Maintain compliance and voluntary market inventory valuation models; reconcile with registries and internal accounts.
Support month-end close processes, including gross margin reporting and journal entries.
Prepare account reconciliations in line with balance sheet integrity practices.
Collaborate with Regulatory, Risk, Supply, and Finance teams to ensure accurate reporting and retirements.
Qualifications:
Bachelor's degree in finance or accounting; minimum 3 years of relevant experience.
Energy industry experience preferred. ISO experience a plus but not required.
Proficiency in Microsoft Office Suite; moderate to advanced SQL skills preferred.
Familiarity with ETRM/CTRM systems.
Strong analytical, problem-solving, and communication skills.
Highly organized, detail-oriented, and able to manage multiple priorities independently.
Ability to work collaboratively in a team environment and interact effectively with senior leadership.
Light travel may be required.
Technology Requirements:
Advanced Microsoft Excel experience (Macros)
MS SQL experience
Previous experience with accounting system (Great Plains is preferred, but not required)
Working knowledge of ETRM/CTRM systems (EKA experience preferred)
Familiar with REC and Carbon Registries
Just Energy
5251 Westheimer Rd
Houston
Texas United States
www.justenergy.com
