Maximum Pay Rate: $158,433.60
Apply by Date: 11/05/2024
Posting Type: Open
The intent of this job posting is to establish an eligibility list which may be used to fill current and future, permanent and limited-term, vacancies for up to two (2) years. You must clearly demonstrate, on your resume, that you possess the knowledge, skills and experience required in the minimum qualifications listed in this posting.
The Commodity & Operations Settlements Area at SMUD is responsible for analysis, reconciliation, and settlement of SMUD owned and contracted wholesale generation, transmission, and gas supply portfolio; to preserve SMUD's ability to buy, sell, exchange and transport power within SMUD's risk parameters and to meet regulatory compliance and reporting obligations. We additionally perform the contracted settlement operations for the Balancing Authority of Northern California (BANC) in partnership with our fellow BANC members.
Purpose
Performs advanced technical and analytical functions in the areas of energy settlements, California ISO (CAISO) Schedule Coordinator settlements, balancing authority area functions, credit exposure, industry outcomes and rulings, and contract administration to preserve SMUD's ability to buy, sell, exchange and transport power within SMUD's risk parameters.
Nature and Scope
Serves as an advanced journey level resource in a relevant professional discipline; works independently on projects of moderate complexity; exercises independent judgment and discretion; may serve in a lead role and assist in planning, coordinating, prioritizing, monitoring and evaluating the work results in assigned area and in selecting, training, motivating, evaluating and developing lower-level personnel.
Duties and Responsibilities
- Coordinates the department's settlement activities; identifies discrepancies and variances; consolidates data in a consistent format; compares projections to plan; maximizes cash flow and revenue by calculating, assessing and verifying power purchases and sales invoices; reports to management actual energy transactions compared to budget; develops financial forecasts for energy transactions, related costs and operational impact; researches and resolves meter data discrepancies; assists staff with assessment and settlement of energy transactions, generations, power flows, and other associated settlement activities; assists with the implementation of new settlement systems and/or procedures.
- Supports the purchase, sale and exchange of power by performing contract administration; verifies contract compliance by calculating and assessing energy transactions; negotiates and implements resolution of contract discrepancies; utilizes energy trading applications; administers contracts including the verification and approval of power bills and revenue; assists SMUD in negotiating contract amendments including preparing analyses, proposals and other documents; evaluates the economic and financial impacts of alternative contract proposals, counter-proposals, amendments and dispute resolutions; evaluates and provides reporting on open receivables, payables and contracted future purchases and sales for both electric and gas and comparing to parameters as set by credit manager.
- Supports interaction with the CAISO by following scheduling coordinator protocols and procedures; provides technical expertise with regard to proposed or amended protocols and procedures.
- Supports Schedule Coordinator functions by evaluating CAISO charges; ensures that complex CAISO charges and payments are accurately accounted for; identifies, submits, and follows up on disputes.
- Maintains knowledge of the ISO Tariff and Business Practice Manuals (BPMs) as amended; maintains good working relationship and communication with the CAISO; attends business and stakeholder meetings to support SMUD's position in ISO matters.
- Provides support to management, legal, and contract departments by offering evaluation and financial interpretation of decisions, rulings and contract negotiations; represents SMUD at inter-utility meetings and industry technical conferences; provides reports to management, legal and contract departments.
- Provides support to the legal department by offering evidence, evaluation, and production of summary and detail reports for legal cases.
- Maximizes SMUD's financial opportunities by offering management historical reports and evaluating the effectiveness of current practices; performs evaluation and provides history of past power scheduling operations; evaluates trades against established benchmarks; recommends new policies and practices; evaluates cost of transactions; outlines requirements for new or enhanced settlement hardware or software; implements enhancements.
- Ensures the integrity of the revenue meter data and associated production reports by effectively translating, verifying and assessing the monthly meter data; researches and resolves meter data discrepancies; maintains associated database and spreadsheet applications.
- Supports compliance reporting by calculating, verifying, evaluating control area reliability data including reserves, CPS 1 & 2 criteria and inadvertent to confirm compliance that produce reports for WECC, CEC, DOE and others; supports compliance reporting by assessing, tracking and monitoring data used in other required regulatory reporting, including CARB and the CFTC.
Duties and Responsibilities Cont.
- Plans, coordinates, prioritizes, monitors, and guides work activities with work-unit employees to meet established task objectives and deadlines by following established policies and precedents; provides staff training; promotes staff safety and a safe work environment; assists in selecting and orienting new personnel; assists in evaluating work performance results; participates as a team member in accomplishing objectives; refers problems to supervision where solutions are not readily achievable.
- Plans, coordinates, prioritizes, monitors, guides, reviews and conducts work activities associated with department internal/external projects in accordance with established task objectives and schedules as outlined in the project plan/contract.
- Performs other related duties as needed to include working outside of typical business hours when necessary.
Required Education
- Bachelor's degree with major course work in business administration, economics, accounting, statistics, or a related field from an accredited college or university, or equivalent experience. If no degree, an additional four (4) years of relevant work experience is required.
Required Experience Qualifications
- At least four (4+) years of experience as a journey-level Power System Analyst or at least five (5+) years of progressively responsible relevant work experience in energy settlements, wholesale power markets, and/or contract administration, for a large public utility.
Knowledge Of
Federal, state and local laws, codes and regulations governing energy accounting and energy trading; fundamentals of information systems; methods for inter-utility energy accounting practices; energy transaction accounting fundamentals; electrical theory and terminology; power generation and transmission theory and fundamentals; inter-utility settlement practices; power scheduling and power system operations, fundamentals and terminology; Schedule Coordinator practices and protocols; electrical metering methods, terminology and translation practices; energy settlement fundamentals; language and technical terminology used in power contracts; network systems such as energy management system, local area network, meter data acquisition system, and mainframe system; methods and techniques for planning, organizing and overseeing work activities; methods and techniques for report preparation and writing; techniques and practices for negotiating; fundamentals and practices for contract management; methods and techniques for record keeping; safety policies, practices and procedures; standard operating procedures for modern office equipment including a computer and applicable software; English grammar, punctuation and vocabulary standards.
Skills To
Perform energy settlements activities such as calculating and evaluating transmission losses, area and system loads, inadvertents, deviations, spinning reserves, energy paybacks, ramp rates, and incremental costs; develop new and revised policies and procedures to provide for the effective operation of the unit; interpret SMUD power purchase contracts, policies, procedures, and/or other special agreements; plan, oversee and review the work of others; compile and prepare technical, statistical and/or analytical reports and presentations; explain complex and/or controversial policies, regulations, procedures and/or activities internally/externally; schedule and prioritize own work assignments to meet expected timeframes; utilize a personal computer and/or computer terminal, systems and software relevant to the job; communicate effectively orally and in writing internally/externally; establish and maintain effective working relationships internally/externally.
Physical Requirements
Applicants must be able to perform the essential job functions with or without a reasonable accommodation.
Sacramento Municipal Utility District (SMUD) - Who We Are
As the nation's sixth-largest community-owned electric service provider, we're proud of our reputation as one of the best places to work in Sacramento. Our employees tell us in our engagement surveys they're "Happy, satisfied and engaged" which helps create a workplace that best serves our customers. Sacramento was named as the 2nd happiest place to work in America by Forbes Magazine. Lake Tahoe, San Francisco and the world-renowned Napa Valley are within easy driving distance of our locations.
Our Commitment to Diversity & Inclusion
SMUD celebrates diversity, and inspires an inclusive culture based on trust and respect to create belonging and connection among our employees, customers, and communities. By working together, we are powering positive, equitable opportunities for all. We aspire to be a workplace where you can be yourself, achieve your best, and thrive together. An example of our commitment to Diversity, Equity, Inclusion, and Belonging is when SMUD signed the California Equal Pay Pledge in 2020. This requires equal pay for employees who perform "substantially similar work," when viewed as a composite of skill, effort, and responsibility at the time those employees started within that classification. As such, initial hiring salary range is not subject to negotiation and salaries will vary over time based on performance.
SMUD is proud to be an equal opportunity employer. We do not discriminate in employment decisions on the basis of race, color, religion, gender (including pregnancy), national origin, political affiliation, sexual orientation, gender identity or expression, marital status, disability, genetic information, age, veteran status, or any other applicable legally protected characteristic. All employment decisions are made on the basis of individual qualifications, merit, and business needs and interests.
Why Sacramento, California?
The capitol of California, Sacramento is the state's sixth-largest city, and the 35th largest in the U.S. Local universities include California State University, University of the Pacific's McGeorge School of Law, and the University of California, Davis and several competitive community colleges. The UC Davis Medical Center, a world-renowned research hospital, is one of more than a dozen hospitals and shared services centers in the Sacramento region. Part of the agriculturally-rich Central Valley, Sacramento is at the forefront of the farm-to-fork food movement. Northern California is home to some of the country's top technology companies, including Google and LinkedIn, and a multitude of startups in many industries. Sacramento is home to the NBA Kings, the River Cats (AAA baseball), the Republic FC (soccer) and the San Francisco Giants, NBA Warriors and NFL 49er's aren't far away. Sacramento offers an affluent liberal arts community with Broadway, Mondavi Center, Crocker Museum and summer musical theater to name a few.
Hybrid Work
This position may be eligible for SMUD's remote work employee benefit, the schedule of which will be determined by the successful candidate and the Hiring Manager. SMUD takes pride in powering the Sacramento region community where we live and work. We value the strong working relationships we develop with our colleagues. Our approach to remote work will continue to evolve. Please be aware that should SMUD's business needs change, emergencies occur, or various other reasons arise, you may be required to report onsite on a part-time or full-time basis.
SMUD provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. SMUD complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including, but not limited to, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
SMUD expressly prohibits any form of unlawful employee harassment based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with the ability of SMUD employees to perform their expected job duties is absolutely not tolerated.
Req ID: 1757#J-18808-Ljbffr