Trading & Settlements Manager

Do you want to work with high caliber professionals in a dynamic and growing company? Are you entrepreneurial, hard-working, and collegial? Are you committed to advancing the clean energy revolution? Join us at SB Energy, a leading company backed by SoftBank and Ares pairing cutting-edge innovation with best-in-class execution. Our Mission is to provide flexible renewable energy at scale, accelerating the global energy transition and benefiting our planet, customers, communities, and people.

SB Energy develops, constructs, and owns & operates some of the largest and most technically advanced renewable projects across the United States, with headquarters in Redwood City, CA. The company was launched in 2019 and has quickly become one of the largest solar and storage developer/IPPs in the U.S. With almost 3 gigawatts (GW) of renewable energy projects in operation or under construction and a multi-GW pipeline, SB Energy is building the renewable energy future – today. SB Energy also utilizes its strong culture of innovation to identify and incorporate new technology into our projects, including our AI-based digital platform, to deliver renewable energy that is local, reliable, and matched to load.

Come join us in accelerating the energy transition to cleaner, more sustainable sources of power!

Basic Function

The Settlements Manager will support the Finance group in various functions including management of the eTRM system, settlement of trades, payments, and other financial obligations. This position will support the organization with short and long-term renewable power portfolio analysis and valuations, risk monitoring and analysis, data management, and process improvement.

The successful candidate will be an integral part of a team responsible for optimizing the profitability of a growing portfolio of operating assets. This position will coordinate with a variety of internal and external counterparties including Risk, Transmission Analytics, Data Science, Power Marketing, Operations, and Capital Markets. The successful candidate will maintain meticulous accuracy in a multi-project, multi-entity setting and will thrive in a fast-paced, constantly evolving work environment demanding a high-level of ownership and analytical, strategic thinking, and negotiation skills.

Responsibilities

• Manages the settlement process for all PPAs, hedges and trades executed by the organization, ensuring timely and accurate settlement of transactions.
• Manages the organization’s eTRM system, including access, segregations of duties, systems controls and integrations with other systems within the organization’s landscape.
• Oversees the processing of payments to counterparties, vendors, and service providers, ensuring adherence to payment schedules and accuracy in payment amounts.
• Conducts regular reconciliation of trade and payment records with counterparties, internal records, and custodians to identify and resolve discrepancies.
• Supports portfolio valuation analysis and stress testing; flow through to FP&A as necessary.
• Generates regular reports on settlement activities, including trade volumes, settlement times, and outstanding obligations, for management and regulatory purposes.
• Maintains effective relationships with counterparties, custodians, clearing agents, and other external stakeholders to facilitate smooth settlement processes and resolve any issues or disputes that may arise.
• Collaborates with other departments, such as trading, risk management, asset management and operations, to ensure alignment of settlement processes with broader organizational objectives and strategies.
• Continuously assesses and improves settlement processes and procedures to enhance efficiency, reduce operational risks, and streamline workflows.
• Stays up to date with relevant regulations governing settlement processes and ensures compliance with regulatory requirements.

Qualifications/Requirements

• Bachelor’s degree in finance, accounting, economics, or a related field; advanced degree or professional certifications (e.g., CFA, CPA) preferred.
• 5+ years’ experience in settlements operations with a deep understanding of securities settlement processes and regulations.
• Proficiency in financial software and systems used for trade processing, payment processing, and reconciliation (e.g., Bloomberg, SWIFT, settlement platforms).
• Effective communication and interpersonal skills, with the ability to collaborate with internal and external stakeholders at all levels.
• Leadership and team management abilities, with a track record of supervising and developing teams to achieve departmental goals.
• Knowledge of risk management principles and practices related to settlement operations.
• Familiarity with regulatory requirements governing settlement processes and experience in ensuring compliance with regulatory standards.
• Strong organizational skills, with the ability to prioritize tasks and manage multiple projects simultaneously in a fast-paced environment.
• Prefer experience in renewables.

Location: Redwood City, CA; San Diego, CA; Phoenix, AZ; Dallas, TX preferred or remote option available.

The position may require up to 10% domestic travel.

Base Pay – $130,000 – 145,000

Actual compensation packages are based on several factors that are unique to each candidate, such as skill set, experience, certifications, specific work location, and other non-discriminatory factors permitted by law. Base pay may vary per location due to differences in the cost of living.

The total compensation package for this position may also include an annual discretionary bonus, full Health & Wellness Benefits package, and other applicable incentive perks as outlined in any formal offer made. The final compensation package will be discussed with the candidate during the final stages of the hiring process.

Our Health & Wellness Benefits

SB Energy’s Benefits programs are designed to support our team members and their families while keeping their well-being, happiness, and varying needs in mind. SB Energy employees may enroll in our benefits programs and take advantage of customized perks and offerings, including those designed to support families, however defined. We offer the following benefits to all team members:

• Comprehensive Medical, Dental, and Vision insurance: 100% premium covered by the company, for employees and dependents
• Long-Term Disability (LTD), Life Insurance, and AD&D Plans
• Competitive Retirement Benefits with 401(k) company match
• Generous Paid Time Off and 11 Paid Company Holidays
• Flexible working arrangements
• 12 weeks fully paid Parental Leave
• Flexible Spending Account (FSA) – Medical & Dependent FSA; Transit & Parking FSA with employer contributions
• Mental, Physical, Social Health Wellness Offerings with employer contributions
• Voluntary Legal Insurance Plan & Pet Insurance
• Monthly reimbursement for Phone/Internet/Data
• Phone Equipment Purchase Benefits
• Thoughtful Hybrid Workplace Set-up Benefits

Promote Sustainability with a Purpose – At SB Energy, you may choose to become a part of our ‘Just Renewables’ Committee and work along with team members who share a belief in pursuing our mission in such a way that empowers a diverse and inclusive workforce that advances social justice and equity for our employees as well as partners and communities!

SB Energy is committed to increasing the diversity of its workforce and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, gender, national origin, age, disability, veteran status, marital status, pregnancy, sex, gender expression or identity, sexual orientation, citizenship, or any other legally protected class. SB Energy strives to create an inclusive culture and safe environment for all.

To learn more about us, visit www.sbenergy.com.