The Settlements Associate Analyst is responsible for providing support across various commodities products, specializing in US Power Market settlements, reconciliations, and issue resolution. The overall objective of this role is to support traders, perform invoicing and payments, and improve process efficiency in overall workflow. You will have the opportunity to recommend creative suggestions on how to improve processes to minimize losses from failed internal processes, inadequate controls, and emerging risk better serve our clients. This is a great opportunity to join a high performing, high profile and energized team providing daily support to our Global traders and clients.
Responsibilities:
- Accurate and timely processing of invoicing/payments of all transactions and according to their legal agreements
- Ensure ISO invoices are reconciled, processed, and paid on time
- Provide support by performing invoicing as well as pre and post settlement reconciliations
- Support curtailment process by working with direct upstream and downstream to resolve curtailments
- Interact with external counterparties to resolve discrepancies
- Interact with internal stakeholders as required including front office, middle office, or confirmations as needed to resolve discrepancies
- Provide in depth analysis of variances between booked and client amounts
- Participate in team and/or individual projects
- Identify optimization and time saving opportunities
- Work with other teams across the company to implement and improve processes and systems supporting the activities above
Qualifications:
- Understanding of North America power industry
- 1-3 years' experience in the power market, including familiarity with ISOs
- Business oriented professional with strong intellect who can problem solve and perform complex analysis
- Detail orientated self-starter with strong analytical, critical thinking and communication skills who can effectively manage multiple assignments
- Ability to work independently
- Organized individual who can plan and adjust to the timing challenges of multiple deadlines
- Work in a team environment to achieve goals
Education:
- Bachelor’s degree/University degree or equivalent experience
Job Family Group: Operations - Transaction Services
Job Family: Securities and Derivatives Processing
Time Type: Full time
Primary Location: Houston Texas United States
Primary Location Full Time Salary Range: $69,130.00 - $96,470.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Anticipated Posting Close Date: Oct 23, 2024
Citi is an equal opportunity and affirmative action employer. Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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