Manager of Settlements and Billing

Overview

A company specializing in energy services is seeking a Manager of Settlements and Billing to lead billing operations and ensure accurate settlements within the PJM wholesale energy market. This role involves working with large commercial data center clients and maintaining financial integrity and compliance.

Responsibilities

• Lead the development, maintenance, and enhancement of an internal settlements and billing system, ensuring compliance with PJM tariffs, operating agreements, contracts, technical procedures, and government regulations.
• Oversee and mentor a Settlements and Billing Analyst to ensure accurate and timely billing and invoicing between the RTO and customers.
• Serve as the primary contact for PJM billing inquiries and customer billing concerns, addressing issues proactively.
• Coordinate information exchange among impacted parties to ensure billing accuracy and transparency.
• Review and approve invoices prior to distribution to maintain compliance and accuracy.
• Liaise with external financial accounting vendors to align billing and settlement processes.
• Monitor compliance with PJM credit obligations, ensuring customers meet payment requirements.
• Maintain accurate billing transaction records to support financial audits and regulatory compliance.
• Collaborate with the Manager of Energy Scheduling to ensure customer load is settled and billed according to power supply agreements.
• Work with cross-functional teams to resolve complex settlement disputes, considering financial and operational impacts.
• Monitor PJM market practices and policy updates; participate in stakeholder meetings and user groups to implement necessary system updates.
• Support financial reporting requests across the organization, ensuring data accuracy.
• Perform additional duties as assigned by senior management.

Requirements

• Experience with RTO/ISO markets, specifically PJM wholesale energy market.
• Strong verbal and written communication skills, capable of engaging internal teams and external stakeholders.
• Proficiency in budgeting, forecasting, financial modeling, credit monitoring, and financial analyses.
• Advanced skills in Microsoft Excel or similar tools for developing and maintaining settlements systems.
• Knowledge of generally accepted accounting principles (GAAP) and strong mathematical abilities.
• Ability to influence and educate stakeholders, identify process inefficiencies, and implement system improvements.
• Strong organizational skills with the ability to prioritize multiple assignments and problem-solve independently.
• Leadership skills to foster collaboration, innovation, and continuous improvement.
• Attention to detail and accountability for quality and performance.

Preferred Qualifications

• Experience managing or mentoring analysts in settlements and billing operations.
• Familiarity with PJM market rules, tariffs, and credit obligations.

Compensation & Benefits

• Competitive salary
• Performance-based bonus
• 401(k) matching
• Health, dental, and vision insurance
• Paid time off
• Tuition assistance
• Wellness resources

Location

This is a remote position.