POSITION: Power Settlements Accountant II
LOCATION: Woodbridge
SUMMARY: The Woodbridge Wholesale Natural Gas/Electricity Accounting (WNGEA) team is responsible for ensuring the integrity and accuracy of the risk undertaken by the Energy Marketing business. In particular, the team is responsible for the timely and accurate settlement, reporting and accounting of all related transactions.

As a member of the WNGEA Team, the successful applicant would work alongside existing team members as well as with individuals from Trading, Legal, Credit, General Accounting and Middle Office, as well as external counterparties, to help support the Electricity and Natural Gas businesses.

RESPONSIBILITIES:

Electricity

•           Process the monthly settlements for:

-ISONE, PJM and NYISO

-Financial and physical transactions

-Structured transactions

-Ancillary reimbursements

-Renewable Energy Credits

•           Resolve issues/disputes with counterparts

•           Help Facilitate the monthly accounting close via management reporting

•           Submit FERC EQR report.

•           Following the development of technical mastery in all aspects of business, the candidate would be expected to:

-Employ coaching skills to lead technical training and development of team

-Investigate process failures; synthesize and implement corrective actions

     Natural Gas

•           Process the monthly settlements for:

 -Financial transactions

       -Structured transactions

•           Help Facilitate the monthly accounting close via management reporting

•           Following the development of technical mastery in all aspects of business, the candidate would be expected to:

-Employ coaching skills to lead technical training and development of team

-Investigate process failures; synthesize and implement corrective actions 

REQUIREMENTS:

•           1-3 years experience

•           Extensive knowledge of the US Power and Natural Gas markets in both physical and derivative transaction.

•           Pro-active coordinator between Trading, Middle Office and Operations on structured and exotic deals.

•           Shows initiative in developing own understanding & expertise.  Quickly grasps new technical and business knowledge.  Effectively transfers that knowledge to others.

•           Balances efficiency and accuracy in order to maintain high output while avoiding mistakes.  Takes action to ensure that controls are in place & procedures are followed.

•           Picks up or anticipates problems through careful analysis & attention to detail

•           Demonstrates skill in prioritization & organization when faced with multiple tasks & requirements in a high pressure environment

•           Contributes to the effectiveness of the team by working closely with colleagues – sharing information, skills, and responsibilities.

•           Develops ideas & proposals by stepping back to take a broad, open-minded view.

•           Skilled at gathering and analyzing quantitative data to guide decision-making