Xcel Energy Senior RTO/ISO Accountant - CO Job in Denver, Colorado
Location(s): CO - Denver
Are you looking for an exciting job where you can put your skills, talents and education to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A professional position at Xcel Energy could be just what you’re looking for.
The purpose of this position is to accurately understand, account for and report all ISO/RTO transactions (sales/purchases, ancillary services, etc.) for the power marketing business. Responsibilities include a) shadow settlements using the respective ISO data to reconcile to internal data, b) analysis of energy, revenue, LMP, congestions, losses, Financial Transmission Rights (FTR) and all other charge type calculations used in the settlement of day-ahead and real-time markets, c) data entry in the transaction accounting systems, d) reconciliation of ISO settlement statements and invoices, e) communication with various ISOs to resolves discrepancies and to submit disputes, f) manage the invoice and payment process, g) record journal entries into the general ledger, h) reconcile various general ledger accounts and i) provide ISO analysis of activity to management.
Download and review the daily ISO settlement files and reconcile transmission, energy and pricing to the Xcel Energy transaction system. Research discrepancies and resolve differences to complete the checkout process. Work with the front office to resolve scheduling and settlement issues.
Maintain detailed supporting documentation of ISO activity. Provide analysis of ISO activity to front office traders and management to enhance the Company's bidding strategies.
Reconcile ISO invoices, research discrepancies and resolve differences with the various ISOs. Prepare and process requests for payment with appropriate approval authority. Must meet invoicing deadlines and payment processing deadlines while maintaining accuracy.
Complete monthly general ledger journal entries, analyze results for correctness and provide the supporting detail reports to the appropriate departments. Maintain files and work papers for audit purposes.
Assist in the development of new settlement systems, processes and controls
Reconcile applicable general ledger accounts and provide detailed analysis of account activity to management.
Other projects and duties as assigned
High school diploma or equivalent
Bachelor's Degree in Accounting or Finance (3 years experience in Transmission Accounting, ISO or an energy trading environment may substitute for the degree)
Proficient in the use of Microsoft Office suite
- Energy industry experience
COVID-19 Vaccine Requirement
COVID-19 continues to significantly impact our employees, families and communities. With employee health and safety as our top priority, Xcel Energy requires all new employees be fully vaccinated or receive a formal medical or religious accommodation prior to their start date, unless prohibited by state or local law.
As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you’re ready to be a part of something big, we invite you to join our team.
Posting Notes: CO - Denver || CO - Denver || United States (US) || CFO Organization || 29128:Market Operations Acct || Full-Time || Non-Bargaining ||
The anticipated starting base pay for this position is: $66,000 to $94,000 per year
Click here (https://jobs.xcelenergy.com/content/Total-Rewards/?locale=en_US) to see our benefits
Requisition Number: 37886
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Individuals with a disability who need an accommodation to apply please contact us at firstname.lastname@example.org