Enel Spa

The Opportunity: 

The Senior Analyst, as part of the Energy and Commodity Management, Credit & Business Operations team for an international energy company expanding in the US Power markets, will successfully participate in the reconciliation of trading related activities as well as assist in all other Market Settlements and Portfolio Valuation activities.  The Senior Analyst will liaise with our Headquarters in Italy and will be involved with business transactions and decisions while interacting with a diverse group of people within front and middle offices, trading compliance, accounting, treasury, global digital solutions, and credit and risk management teams. 

What You'll Do at Enel North America: 

Responsibilities include, but are not limited to: 

• Demonstrate knowledge of the renewable energy industry and the North American energy markets, including the ISO/RTO settlement protocols. 

• Participate and lead process implementation of daily, weekly and monthly settlements of physical and financial trading activities (Accounts Payable/Receivable). 

• Collaborate with the Contract and Account Management team to accurately reconcile power plant generation output and pricing as well as settlement and invoicing of Renewable Energy Credits. 

• Perform analytical research to determine cause of settlement discrepancies. 

• Coordinate with counterparties to proactively and timely resolve invoice reconciliation discrepancies. 

• Monitor power and natural gas transactions to ensure they are correctly captured in the transaction management system, ensuring data quality, deal confirmation and communicating impacts to commercial and accounting teams. 

• Understand contract details, fees, rates, and payment schedules to ensure all items for settlement are captured in a timely manner. 

• Reconcile RTO/ISO statements to estimates and ensure all costs are correctly allocated to the proper generation assets.  Develop reporting methodology to accurately present realized fees and P&L to Front Office, Middle Office and Portfolio Management teams. 

• Assure accuracy and integrity of activity recorded in general ledger. 

• Assure optimization of the financial exposure, particularly referring to collateral, margining and cash deposits. 

• Perform month end close accounting entries and account reconciliation. 

• Provide support to the accounting team with cross training, ad-hoc reporting, audit inquiries, and process improvements.  

• Identify, recommend and implement process improvements around settlement and accounting and other operational processes. 

• Track payments and assist in following up with all non-paying counterparties. 

• Provide data collection and reporting assistance during internal and external audits. 

• Be knowledgeable of and ensure compliance with trading and reporting standards and other compliance requirements. 

• Support the development and improvement of ICT systems to capture and manage trading activities. 

Who You Are: 

• Knowledge of and experience with Data Analytics including database development, optimization and interpretation of data, and producing reports from the results of data analysis. 

• 4+ years of Accounting or business-related experience in energy companies or Investment banks. 

• Knowledge of commodity trading and trading fundamentals in power industry. 

• 5+ years Commodity Settlement, Energy Settlement, and/or Scheduling experience. 

• Must work and communicate effectively with all levels of personnel within the company. 

• Ability to multi-task and adjust priorities as needed. 

• Strong Organizational and problem resolution skills, including the ability to meet deadlines. 

What You've Accomplished: 

• General accounting knowledge of payables, receivables, accounting for derivatives. 

• Bachelor's degree in Accounting, Finance or Business OR Associates Degree in Accounting, Finance or Business with 3+ years of experience in Accounting or Business. 

• Strong analytical, critical and economical thinking and problem-solving skills. 

• Ability to multi-task, grasp complex issues, as well as pay strict attention to details. 

• The ideal candidate will be a self-starter with a solid understanding of power markets and deal flow with 5-7+ years' experience. 

• Strong communication, analytical and interpersonal skills are critical, as well as a solid foundation with the MS Office Suite, and more specifically Excel. Experience with OATI and power ISOs is required.   

• General understanding of energy commodity markets and regional power system operators (e.g. PJM, ERCOT, NYISO, SPP, ISO-NE, IESO, etc.). 

Diversity, Equity & Inclusion: 

Enel North America is dedicated to providing equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, gender, national origin, citizenship, age, disability, sexual orientation, genetic information. We will not discriminate, in any employment decision, against any individual or group on the basis of race, color, religion, sex, gender, national origin, citizenship, age, disability, sexual orientation, genetic information, or veterans/national guard/military reserve status. This shall be done in compliance with all applicable federal, state, and local laws in every location in which Enel North America has facilities. Enel North America maintains a drug-free workplace and performs pre-employment substance abuse testing and background checks, where permitted by law. Accessibility - If you require accessibility assistance applying for open positions please contact EnelApplication@enel.com. 

 What Enel North America Offers You: 

The pay range for this position is $119,900-$143,800 annually. The base pay actually offered will be based on several factors, including job-related knowledge, skills, work experience, education, and internal equity. At Enel, base pay is one part of your total compensation package. Please see below for additional information on Enel North America rewards.

• Enel North America offers its regular full-time employees affordable, quality healthcare for you and your family, life insurance and disability benefits to provide security, and retirement benefits to help you plan for your financial future. In addition, we offer an array of other benefits such as flexible spending accounts, tuition reimbursement and professional development allowance. 
• Benefits are effective as of day one! 
• Some additional perks to working with Enel North America include: 
• 401k with match fully vested as of day one. Enel-NA matches 100% of the first 4% that you contribute up to set IRS limits. 
• Generous PTO that supports work/life balance including: 4 weeks annually of vacation as well as personal days, volunteer days, your birthday off, paid holidays, and sick time. Proration may apply during first year of employment. 
• Paid leave programs 
• The opportunity to grow and develop your career with the support and mentorship of senior leaders. 
• The opportunity to work for one of the world’s most recognizable and respected brands in the energy industry that believes by working together we can create a new energy era in which the world can become more sustainable. 

An employee’s eligibility for these benefits shall be subject to the governing documents for such plans and programs and/or company policy. The benefits described above may be modified or eliminated with or without notice in accordance with the governing documents and applicable law. 

EEO Statement 

Enel North America is dedicated to providing equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, gender, national origin, citizenship, age, disability, sexual orientation, genetic information. We will not discriminate, in any employment decision, against any individual or group on the basis of race, color, religion, sex, gender, national origin, citizenship, age, disability, sexual orientation, genetic information, or veterans/national guard/military reserve status. This shall be done in compliance with all applicable federal, state, and local laws in every location in which Enel North America has facilities. Enel North America maintains a drug-free workplace and performs pre-employment substance abuse testing and background checks, where permitted by law. Accessibility – If you require accessibility assistance applying for open positions please contact EnelApplication@enel.com. 

Notice to Recruiters & Staffing Agencies 

Enel North America has an internal talent acquisition department and designated career site for individuals looking to join our team. Enel North America will not accept unsolicited resumes from any external recruiters, staffing firms, search agencies or any fee-based referrals. Any unsolicited resumes sent to directly to Enel North America, in any capacity will be considered property of Enel North America. This policy is applicable to all Enel North America locations and will be the responsibility of third parties and vendors to understand this policy. Enel North America will not pay a fee for any placement resulting from the receipt of an unsolicited resume.