Settlements Analyst, Power/RECs at Just Energy

Mississauga, Ontario, Canada -

Full Time

Start Date

Immediate

Expiry Date

01 Apr, 26

Salary

100000.0

Posted On

01 Jan, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Analytical Skills, Problem-Solving, Communication Skills, Organizational Skills, Detail-Oriented, SQL, Microsoft Excel, ETRM Systems, Accounting, Energy Industry Knowledge, ISO Experience, Collaboration, Variance Analysis, Cash Forecasting, Process Improvement, Regulatory Compliance

Industry

Utilities

Description

Job Title: Settlements Analyst, Power/RECs Location: Hybrid Mississauga/Greater Toronto Area, ON Reports To: Sr. Manager, Power/RECs Settlements Just Energy and its subsidiaries are an equal opportunity employer. We are committed to building a workforce that reflects the communities we serve and to promote a diverse, inclusive, accessible, merit-based, respectful, and equitable workplace. We invite all interested individuals to apply. Who is Just Energy? Just Energy is a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers. Currently, operating in the United States and Canada, Just Energy serves residential and commercial customers. Just Energy is the parent company of Amigo Energy, Filter Group Inc., Hudson Energy, Interactive Energy Group, and Tara Energy. Learn more at: www.justenergy.com. Just Energy's Amigo Energy brand is proud to be named Best Electricity Company in Houston. The 2023 Best of the Best competition, presented by the Houston Chronicle, recognizes some of the city’s best businesses as determined by community choice. Visit our website to learn more: www.amigoenergy.com. Job Summary: The Analyst, Power & RECs Settlements reports to the Manager, Power Settlements and is responsible for managing settlement processes for power and environmental commodities. This role ensures accurate ISO settlement data capture, supports gross margin analysis and reporting, and collaborates with internal teams and external counterparties to resolve discrepancies and optimize processes. Key Responsibilities: Power Settlements • Serve as primary analyst for assigned ISO and provide backup support for other ISO settlements and invoicing. • Maintain and monitor settled data in Adapt2 and ISO systems (including certificates and notices). • Conduct shadow settlements. • Reconcile bilateral and ISO invoices; ensure timely processing and payment. • Support commodity cash forecasting with Treasury. • Support month-end close processes, including gross margin reporting and journal entries. • Perform variance analysis between estimated and actual energy costs; provide feedback to Trading, FP&A, and GM Accounting teams. • Identify cost optimization opportunities and enhance transparency in power costs. • Collaborate with internal teams (Supply Team, Finance, Legal) and external counterparties to resolve discrepancies. • Support audits and contribute to process improvements across systems and workflows. Environmental Commodities (RECs & Carbon Credits) • Reconcile environmental product activity against invoices and registries using ETRM systems (EKA). • Generate invoices and coordinate settlements with Supply Team and Accounts Payable. • Maintain compliance and voluntary market inventory valuation models; reconcile with registries and internal accounts. • Support month-end close processes, including gross margin reporting and journal entries. • Prepare account reconciliations in line with balance sheet integrity practices. • Collaborate with Regulatory, Risk, Supply, and Finance teams to ensure accurate reporting and retirements. Qualifications: • Bachelor’s degree in finance or accounting; minimum 3 years of relevant experience. • Energy industry experience preferred. ISO experience a plus but not required. • Proficiency in Microsoft Office Suite; moderate to advanced SQL skills preferred. • Familiarity with ETRM/CTRM systems. • Strong analytical, problem-solving, and communication skills. • Highly organized, detail-oriented, and able to manage multiple priorities independently. • Ability to work collaboratively in a team environment and interact effectively with senior leadership. • Light travel may be required. Technology Requirements: • Advanced Microsoft Excel experience (Macros) • MS SQL experience • Previous experience with accounting system (Great Plains is preferred, but not required) • Working knowledge of ETRM/CTRM systems (EKA experience preferred) • Familiar with REC and Carbon Registries Compensation: $65,000.00 - $100,000.00 CAD *This range reflects base pay only. This role is also eligible for an annual incentive plan based on company & personal performance. Benefits: Just Energy offers a robust benefits plan for staff members, as well as Employee Assistance Programs that offer a wealth of tools and resources to enrich the employee experience. The company also provides a number of cost-free, self-development courses for those that wish to build on their skills and competencies. In addition, a variety of awards offer another opportunity to recognize and reward employees. We offer: • Competitive compensation and incentives • Paid Holidays/Vacation • Company paid L&AD for employees plus Short-term disability. • Personal and Career development resources with “growth” opportunity • Hybrid Work Model • Health and wellbeing tools and resources Disclosures: Just Energy is committed to fostering an inclusive and accessible work environment. We value diversity and do not discriminate on the bases of race, ancestry, place of origin, colour, ethnic origin, citizenship, creed, sex, sexual orientation, gender identity, gender expression, age, marital status, family status, disability, or any other grounds protected by the Ontario Human Rights Code. This posting is for an existing vacancy. Just Energy does not use Artificial Intelligence to screen, assess, or select applicants for this position. #LI-AP1

Responsibilities

The Settlements Analyst is responsible for managing settlement processes for power and environmental commodities, ensuring accurate data capture and collaborating with teams to resolve discrepancies. This role also involves supporting month-end close processes and identifying cost optimization opportunities.