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Accounting Settlement Specialist

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Date: Nov 17, 2020

Primary Location: Juno Beach, FL, US, 33408

Company: NextEra Energy

NextEra Energy Resources is one of the largest wholesale generators of electric power and renewable energy from the wind and sun in North America.

 

Position Specific Description

General Responsibilities:

 Responsible for the reconciliation and settlement of third-party energy commodity purchases/sales and NEER Generating Assets merchant energy sales through the preparation and processing of settlement invoices. Provide settlement-related support to PMI trading organization, NEER Business Management and other Finance/Accounting business units. Special projects as assigned by Accounting Manager.

 

Specific Responsibilities:

1. Accounting and Reporting

  • Settlement, recording and reporting of bilateral and Independent System Operator (“ISO”) energy transactions in various energy markets including PJM, ERCOT, ISONE, MISO, CAISO, SPP and NYISO
  •   Settlement, reconciliation and reporting of Full Requirements (“FR”), Unit Contingent, and Energy Management Services (“EMS”) contracts with complicated settlement structures
  •  Responsible for accurate and timely payment of daily/weekly/monthly ISO invoices
  •   Reconcile assigned deals, research discrepancies and resolve differences with ISO’s and counterparties
  •  Verify and review all open A/R and A/P prior to month end to ensure prompt payment to and from counterparties
  •  Maintain ISO Link master data configuration and integrity, manage ISO Link data, work with IT to troubleshoot and correct data issues
  •   Assist manager with month end close activities performing review of estimates and actuals for NEER Assets, FR, EMS and other trader activities for various markets to ensure estimates are reasonable and complete
  • Front-office P&L checkouts during month-end close, including Load Summary Report (“LSR”) preparation and distribution
  •  Review and analysis of Renewable Energy Credit (“REC”) transactions including FR REC obligation accruals & deliveries, and REC Inventory transactions and balances
  •  Ensure prepayments are properly accounted for in the appropriate contract month and reporting period

 

2. SOX compliance

  • Ensure energy trading transactions are recorded and reported in compliance with SOX processes
  • Ensure Phoenix auto-posted invoices reconcile and include proper support
  • Identify and report any compliance issues and maintain data integrity
  • Provide support for audit requests timely and accurately

 

3. Special Projects

  • Assist in the development of new settlements systems, processes and controls
  • Other projects as assigned by Manager

 

Preferred Qualifications:

  • Master’s degree in Finance or Accounting
  •  Proficient in SAP, Phoenix and MSBI
  •   Six Sigma Yellow Belt Certified
  •  Advanced Excel Skills

 

Other:

  • Detailed oriented
  •  Data analysis and problem-solving skills
  •  Excellent written and oral communication skills in order to effectively communicate guidance and recommendations to management
  •  Process improvement mindset
  •  Ability to multi-task and quickly shift priorities as needed

Job Overview

Employees in this role are responsible for the most complex settlement responsibilities focused around third-party energy commodity purchases through the preparation and processing of settlement invoices. This position will also work to identify settlement discrepancies and work with customers, schedulers and/or traders to resolve those discrepancies.

Job Duties & Responsibilities
Under general supervision:
•   Prepares and analyzes closing reports, assists with ad hoc requests
•   Responds to various information requests from internal and external auditors and other groups
•   Assists with processing settlement invoices/purchase statements and for providing management with explanations (volumetric/valuation) for estimate to actual variances
•   Performs other job-related duties as assigned
Required Qualifications


•  High School Grad / GED
•  Bachelor's Degree or Equivalent Experience
•  Experience:3+ years

Preferred Qualifications

•  None

 

Employee Group:  Non Exempt
Employee Type:  Full Time
Job Category:  Finance, Accounting & Business Analytics
Organization:  NextEra Energy Marketing, LLC 
Location:  Juno Beach, Florida 
Other Work Locations:  Florida 
Relocation Provided:  No

 

NextEra Energy is an Equal Opportunity Employer. Qualified applicants are considered for employment without regard to race, color, age, national origin, religion, marital status, sex, sexual orientation, gender identity, gender expression, genetics, disability, protected veteran status or any other basis prohibited by law. We are committed to a diverse and inclusive workplace.

If you require special support or accommodation while seeking employment with NextEra Energy, please send an e-mail to recruiting-coordinator.sharedmailbox@nexteraenergy.com, providing your name, telephone number and the best time for us to reach you. Alternatively, you may call 844-694-4748. Please do not use this line to inquire about your application status.

NextEra Energy will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.

NextEra Energy does not accept any unsolicited resumes or referrals from any third-party recruiting firms or agencies. Please see our policy for more information.

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Nearest Major Market: Palm Beach
Nearest Secondary Market: Miami