SUMMARY:
The Manager, Complex Settlements leads energy commodity settlement activities across Natural Gas, Power including ISO markets, Crude, and RNG/Biofuel, and is accountable for the timely and accurate billing and settlement of physical and financial trading activities. The Manager provides overall operational direction, reviews complex or non-standard matters, resolves material settlement exceptions, and maintains effective controls through close coordination across the division and the company.
The Manager leads process standardization, documentation, team development, and operational improvements across commodities. Under the direction of the Sr. Manager, the Manager is responsible for the proper execution of assigned Treasury activities, both directly and through designated team members, including payment processing, cash transfers, bank account administration, and settlement-related collateral activities. The role independently manages day to day operational priorities and resources and escalates material, unusual, or strategic matters to the Sr. Manager with a clear assessment and recommended action.
ESSENTIAL FUNCTIONS & RESPONSIBILITIES:
- Lead end-to-end energy commodity settlement activities for Natural Gas, Power including ISO markets such as ERCOT and PJM, Crude, and RNG/Biofuel, including related secondary expenses such as transportation costs and brokerage fees, to ensure timely and accurate billing and settlement.
- Provide final operational review and direction for complex, high-risk, non-standard, or material settlement items, including invoice disputes, reconciliation differences, historical adjustments, true-ups, and other significant exceptions.
- Interpret commercial agreements and transaction terms relevant to billing and settlement and determine the appropriate operational approach, escalating matters requiring broader management judgment as appropriate.
- Under the direction of the Sr. Manager, manage and oversee assigned Treasury activities through designated team members, including payment processing, cash transfers, bank account administration, and settlement-related collateral activities, while ensuring appropriate review, documentation, segregation of duties, and escalation.
- Own the control framework, supporting documentation, and audit readiness for settlement and assigned Treasury activities. Identify control gaps, recurring issues, and operational risks, and ensure timely and sustainable remediation.
- Manage, mentor, and develop the settlement team through organizational planning, work allocation, review and quality control, technical guidance, cross-training, succession planning, backup coverage, and performance management.
- Set priorities and lead the standardization, documentation, and automation of operational workflows across commodities, collaborating with relevant stakeholders to improve accuracy, efficiency, controls, and scalability for existing and new business activities.
- Lead settlement and assigned Treasury requirements for new transactions, products, markets, systems, and business initiatives, including system design input, implementation, testing, data validation, operating-model development, and issue resolution.
REQUIRED SKILLS & ABILITIES:
- Advanced knowledge of energy commodity billing and settlement processes, including physical and financial transactions, reconciliations, payment requirements, settlement-related accounting support, and industry practices across multiple commodities such as Natural Gas, Crude, Power, and related products.
- Ability to make sound operational judgments, independently resolve complex or non-standard settlement issues, interpret commercial agreements and transaction terms, assess financial and control implications, and establish sustainable solutions.
- Working knowledge of payment processing, cash transfers, bank account administration, and settlement-related collateral activities, with the ability to manage assigned Treasury activities and the responsible team members under the direction of the Sr. Manager.
- Proven ability to manage multiple team members, establish priorities, allocate resources, review deliverables, develop staff, maintain effective backup coverage, and communicate effectively with senior management and cross-functional stakeholders.
- Ability to design and implement scalable operating processes and controls for existing and new business activities. Proficiency in ETRM and other relevant applications, such as Allegro and Oracle NetSuite, and strong Microsoft Excel skills are preferred.
EDUCATION & EXPERIENCE:
- Minimum of seven (7) years of experience in energy commodity settlement, trading operations, middle office, back office, or a closely related function is required.
- Demonstrated experience leading complex settlement activities and managing or developing staff is required. Experience across multiple commodities, with ISO/RTO settlements, or in implementing new products, markets, or systems is preferred.
- Bachelor’s degree in Accounting, Finance, Business, Energy Management, or a related field, or equivalent relevant professional experience, is required. Experience with ETRM systems, process improvement, system implementation, automation, or new business onboarding is preferred.
LANGUAGE SKILLS:
Fluent verbal and written skills in English.
LICENSES, CERTIFICATES, REGISTRATIONS:
None
WORK ENVIRONMENT & PHYSICAL DEMANDS:
This job operates in a professional office environment and routinely uses standard office equipment such as computers, phones, photocopiers, and filing cabinets.
Physical demands include:
The role involves prolonged periods of sitting and may require routine movement around the office to communicate with different groups.
Disclaimer
This position description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. Employees may be required to perform any other job-related instructions as requested by their leader, subject to reasonable accommodation.
MEMS is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability.