Job Information
Arizona Public Service Energy Analyst II / Senior | Energy Settlements in PHOENIX, Arizona
Energy Analyst II / Senior | Energy Settlements
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Date: May 29, 2024
Location: PHOENIX, AZ, US, 85004-3903
Company: APS
Our present and future success depends on the creative and dedicated people of our company who demonstrate the principles outlined in the APS Promise: Design for Tomorrow, Empower Each Other and Succeed Together.
Summary
Energy Analyst II / Senior | Energy Settlements - Provide coordination, integration, management analysis and reporting of department financial statements, monthly and quarterly business unit activities, report reconciliation, and system reporting;
What your day would be like:
You are responsible for:
Reconciliation of transactions, analytical review of data, invoicing/billing and reporting in support of trading activities and strategies, Energy Services billing, or transmission settlement.
Perform research and analysis to verify energy flows, inadvertent energy balances, ensure control area accounting of transfer energy and metered load data, ensure the completeness and reliability of metered load data;
Serve as technical resource to department analysts and other personnel on resolving reconciliation problems, interpreting information, contracts, agreements, generally accepted accounting principles, and in providing training.
*Employees in Flex roles are required to reside in Arizona (or NM for Four Corners-based employees). Role types are subject to change based on business need.
Minimum Requirements
Energy Analyst II | Energy Settlements
BS degree in Business, Accounting or Finance
AND two (2) years' related experience in financial analysis/reporting or data analytics OR advanced degree in applied data analytics, data science or statistics and prior practical related work experience.
Thorough knowledge of Microsoft Excel, Access, PowerPoint and Word.
Energy Analyst, Senior | Energy Settlements
BS degree in Business, Accounting or Finance
AND three (3) years experience in accounting reconciliation, energy billing, or financial reporting; or an equivalent combination of education and experience.
Knowledge of the applied use of energy accounting processes, related auditing techniques, and Generally Accepted Accounting Principles.
Some positions may require experience working with the administration of energy contracts and the development, implementation and maintenance of financial reports and spreadsheets.
A thorough knowledge of Microsoft Excel, Access, PowerPoint and Word. Some positions may require a general understanding of commodity trading,
Risk Management, and options valuation as it relates to energy markets, resource generation and transmission system concepts.
Preferred skills, knowledge or qualifications
Knowledge of the applied use of energy accounting processes and related auditing techniques.
Experience in account reconciliation, energy billing, financial reporting or the applied use of energy accounting processes and related auditing techniques
Knowledge of risk management procedures
General knowledge of trading activities and energy products
Major Accountabilities
1) May confirm daily futures transactions with clearing broker and reconcile futures positions of commodity to counter-party statements and internal reporting system; calculate mark to market of open futures positions, monthly index prices and determine maintenance margin requirements as well as physical power, emission allowance, natural gas and paper transactions with brokers and appropriate counter-party; track confirmations on risk management system; research and resolve exceptions with trading/marketing and counter-party personnel;
2) May maintain daily natural gas flow and price information for various gas strategies and books; reconcile gas flow data to counter-party statements and to internal reporting systems; review transfer pricing and classification issues for compliance with department guidelines and procedures; confirm gas daily market prices and monthly index prices to verify trades; confirm natural gas and financial transactions with brokers and appropriate counter-party.
3) May review coal contracts to coordinate developing monthly delivery schedules with counter-parties resulting from coal trades; confirm and reconcile daily trade transactions with clearing broker and coal traders; review contracts and ensure deliveries are made within contractual obligations; prepare invoices for sale agreements in accordance with contracts; research disputed charges with trading counter-party and brokers; reconcile coal settlements resulting from monthly purchase and sale transactions and premiums; prepare profit and loss statement.
4) May ensure the accurate and timely settlement of all transactions relating to the sale of transmission and ancillary services by analyzing and verifying energy, transmission usage and services charges, customer and system load data; review contracts to determine billing requirements for transmission settlements, apply rate schedules and billing guidelines and contract parameters; verify energy deviations and imbalance calculations and monitor return of energy; ensure that computerized billing programs are set up to accurately reflect contract provisions; interface with customers or transmission operations personnel to resolve inquires and billing disputes associated with transmission settlement process; determine energy deviation balances, correct plant generation output, interconnected utility exchanges, interchange sales & purchases and transmission system losses;
5) May ensure revenue recovery from large power contract customers related to wholesale, retail pre-billing, industrial, interchange and transmission services; interpret and utilize contract agreements, market rate tariffs, and policies and procedures in producing monthly invoices related to the accounting of interchange pricing options and capacity treatment in power pool.
Export Compliance / EEO Statement
This position may require access to and/or use of information subject to control under the Department of Energy's Part 810 Regulations (10 CFR Part 810), the Export Administration Regulations (EAR) (15 CFR Parts 730 through 774), or the International Traffic in Arms Regulations (ITAR) (22 CFR Chapter I, Subchapter M Part 120) (collectively, 'U.S. Export Control Laws'). Therefore, some positions may require applicants to be a U.S. person, which is defined as a U.S. Citizen, a U.S. Lawful Permanent Resident (i.e. 'Green Card Holder'), a Political Asylee, or a Refugee under the U.S. Export Control Laws. All applicants will be required to confirm their U.S. person or non-US person status. All information collected in this regard will only be used to ensure compliance with U.S. Export Control Laws, and will be used in full compliance with all applicable laws prohibiting discrimination on the basis of national origin and other factors. For positions at Palo Verde Nuclear Generating Stations (PVNGS) all openings will require applicants to be a U.S. person.
Pinnacle West Capital Corporation and its subsidiaries and affiliates ('Pinnacle West') maintain a continuing policy of nondiscrimination in employment. It is our policy to provide equal opportunity in all phases of the employment process and in compliance with applicable federal, state, and local laws and regulations. This policy of nondiscrimination shall include, but not be limited to, recruiting, hiring, promoting, compensating, reassigning, demoting, transferring, laying off, recalling, terminating employment, and training for all positions without regard to race, color, religion, disability, age, national origin, gender, gender identity, sexual orientation, marital status, protected veteran status, or any other classification or characteristic protected by law.
For more information on applicable equal employment regulations, please refer to EEO is the Law poster. Federal law requires all employers to verify the identity and employment eligibility of every person hired to work in the United States, refer to E-Verify poster. View the employee rights and responsibilities under the Family and Medical Leave Act (FMLA).
Arizona Public Service is a smoke free workplace.
Flex Role:
This position is not required to be performed at a specific APS facility as long as adequate technology and a solid ergonomic set up are present. Pending agreement with leadership, employees hired into this role will be able to choose where they prefer to perform their work, but the ultimate decision is the company's. Employees will have two options to choose from:
APS office based: The employee prefers to work most of the time from an APS facility.
Home based: The employee prefers to work most of the time from his/her home.
*Employees in Flex roles are required to reside in Arizona (or NM for Four Corners-based employees). Role types are subject to change based on business need.