Contracts & Settlements Analyst

• Location(s):
• Chicago, IL, US, 60654

RWE Supply & Trading Americas, LLC , Chicago

To start as soon as possible, full time / part time , permanent

Functional area: Commercial / Trading

Your Future Plans

Our Back Office US function at RWE Supply & Trading Americas (RWESTA) is responsible for wholesale, contract, and trade settlements in North American markets. This includes confirming and settling deals, calculating and settling nonstandard contracts, as well as validating and processing grid (merchant) settlements.
They are also responsible for providing comprehensive and quality checked control within the Trade Lifecycle Process across Front Office, Back Office, Risk, Finance, Accounting and Legal, so close cooperation with these areas is key.
We have a diverse commodity portfolio including power, ancillary services, renewable energy certificates, and gas. Without Back Office as the operational backbone of the trading business, nothing would work!

The Role

Do you have a keen interest in energy markets and working with a hard-working, collaborative team? Have you gained energy grid knowledge in your job or through qualifications? If so, this could be the opportunity for you!

In your new role the key responsibilities will include:

• Managing contract relationships with external customers by ensuring timely and accurate invoicing across various energy markets
• Analyze revenue sources for proper revenue recognition of electricity sales contracted via Power Purchase Agreements (PPAs) and merchant energy sales
• Conduct meter validation and confirm shadow calculations are accurate and within tolerance
• Communicate and manage validated settlements accrual and invoice data to Revenue Accounting teams for timely and accurate entries
• Enhance your expertise in electric market settlements (ex. ERCOT, PJM, MISO, NYISO, etc.)
• Maintain and enhance all Settlement systems including PCI, ENDUR, and various complex Excel models as well as assist in special projects
• Manage auditor requests related to revenue and receivables, ensuring timely completion of supporting schedules

Your Powerful Skills

Do you have a keen eye for detail and exceptional relationship management skills? Have you worked in a Settlements / Finance or similar role, within a fast paced environment?

Key requirements include:

• Minimum 4 years of experience in energy settlement with focus on Power Purchase Agreements, merchant sales and energy hedge transactions
• Undergraduate degree in business, math, engineering, environmental sciences, accounting, finance, econ, or related field or relevant work experience
• Exceptional communication skills as there is frequent contact with the Traders, Schedulers, and Finance, as well as Back Office teams in Swindon and Essen
• Extremely well organized and detail oriented with excellent problem-solving skills
• A self-starter with excellent interpersonal and communication skills
• Strong ability to work in a collaborative environment
• Strong knowledge of MS Office (including Excel, Word, PowerPoint and Outlook)
• Eagerness to learn more and take on challenges in a rapidly growing and dynamic environment
• Enthusiastic about providing good customer service experience for internal and external customers and willingness to perform knowledge sharing with other team members

Advantageous, not a must

• Basic knowledge of IT software such as PCI, ENDUR, and SAP
• Software integration project experience (i.e. requirements creation, design collaboration, and User Acceptance Testing)

Our offer
Join an international leading energy trading house in a huge period of growth. Our department gives you the opportunity to gain a thorough understanding of the end-to-end trade lifecycle in an energy trading house from trade execution to settlement. Once you have spent some time with us, your knowledge about various commodities such as renewables, coal, biomass, LNG, gas and power will have vastly developed.

In addition, youll enjoy a competitive salary, performance-based bonus, and benefits package including:

• Medical, Dental, Vision, 401k match, Commuter benefits
• Open & diverse company culture
• Collaboration with offices around the globe and potential for domestic & international travel

Flexible work schedule to allow for great Work/Life Balance

rwe.com/career

Apply now with just a few clicks: ad code 87644
Any questions? Patrycja Bartela (Recruiting), [email protected]; Stefanie Wiseman – Hiring Manger
We look forward to meeting you!

We value diversity and therefore welcome all applications, irrespective of gender, disability, nationality, ethnic and social background, religion and beliefs, age or sexual orientation and identity. #inclusionmatters
Of course, you can find us on LinkedIn, Twitter and Xing, too.

RWE Supply & Trading is the interface between RWE and the energy markets around the world. Approximately 2000 employees from over 50 different countries trade (renewable) electricity, (green) gas, commodities and CO2 emission allowances. The trading entity also ensures the commercial optimisation of RWEs power plant dispatch and markets electricity from renewables.