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Senior Commodity Accounting Analyst

Company: Calpine
Location: Houston
Posted on: May 28, 2023

Job Description:

Calpine Corporation is America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Its fleet of 76 power plants in operation and one under construction represents nearly 26,000 megawatts of generation capacity. Through wholesale power operations and its retail businesses, Calpine serves customers in 22 states, Canada and Mexico. Its clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner.
The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, its renewable geothermal plants use steam generated deep below the earth's surface to produce clean, renewable electricity.
Employee Benefits
At Calpine, our comprehensive total rewards package goes far beyond a paycheck. It includes benefits designed to help you balance work with life, manage your health, protect your income, help prepare for your retirement and much more. For employees who go above and beyond, Calpine offers awards and recognition for exceptional job performance. In addition to competitive salaries , Calpine provides a flexible paid time off (PTO) program, commuter expense reimbursement and bonuses for referring highly qualified new employees.
Hybrid schedule 3/2 working with Manager's Discretion.
Job Summary (includes but is not limited to the following, other duties may be assigned)

  • Perform Daily comparison of Allegro transaction data to Market data, and update Allegro as necessary for control purposes. This also includes a volumetric reconciliation as meter data becomes available to prepare for invoice processing.

  • Process ISO & Retail invoices timely to ensure settlement deadlines are met. Maintain an accurate forecast for A/R and A/P settlements, which includes providing any necessary support for cash management processes to ensure collections of revenue and/or ensuring payments were released timely.

  • Develop and maintain a detailed understanding of calculations and components of ISO charge types. Stay abreast of anticipated and actual changes to charge type calculations as result of market corrections and redesigns.

  • Be a recognized protocol expert for assigned ISO(s) for Calpine Energy Services, which requires participation on ISO market calls. Stay abreast of ISO current events that would have potential impact on future settlements, communicate those changes to other members of the ISO Business Team in a timely and effective manner.

  • Identify potential dispute opportunities with assigned ISO(s) and work with other members of the Regional ISO Business Team to validate. Responsible for filing approved disputes with the ISO, and tracking the progress of filed disputes in a timely and effective manner.

  • Responsible for preparing month end estimates and closing the books, including ensuring that volumes and values are accurately reflected in Allegro and PeopleSoft as well as proactive identification of any issues. Also responsible for various monthly analysis and reporting, including pulling support for Audit selections as requested by Deloitte and Internal Audit.

  • Responsible for Estimate to Actual analysis using Estimate settlement data compared to ISO statements and providing detailed explanations for material PMA's. Ensure that the general ledger is properly stated.

  • Responsible for monthly/quarterly/annual regulatory reporting (EIA, EQR) and Retail REC (renewable energy credits) settlements and tracking.

  • Identify system issues and enhancement opportunities for Market and Allegro. Work with IT support team and ISO Manager to prioritize, and take lead role in testing those system upgrades and patches prior to moving into Production.

  • Responsible for building and maintaining an effective working relationship with assigned ISO representative, as well as internal operational, and accounting personnel in order to proactively provide relevant information and resolve discrepancies timely and thoroughly.

  • Responsible for assisting other team members as needed or as requested by Manager, including acting as a backup for other team members.

  • Calpine offers a hybrid flexible work arrangement, where employees work remotely 2 days per week.

    Job Responsibilities

    • Comprehensive knowledge of the energy industry, specifically to merchant energy.

    • Seasoned professional with advanced applied experience.

    • Performs in fully-functioning capacity, equivalent to a journey level contributor

    • Works with others within their team to identify process improvements and resolutions including identification and implementation of controls

    • Makes recommendations on moderately complex issues regarding project components and tasks.

    • Works on problems of diverse scope ranging from moderate to complex.

    • Fully uses independent judgment within defined policies and practices. Interprets guidelines, select methods, techniques and analytical approach.

    • Applies analytical skills to interpret and explain resulting work deliverables and/or detect and resolve issues

    • Limited instruction on day-to-day work, general instructions on new assignments.

    • Serves as project/technical lead on small to medium sized projects; may coordinate work of professionals, technicians and others outside of own department.

    • May be designated project or technical lead for an ongoing process or short-term project within own department.

    • Information sharing - gives and receives information such as options, technical direction, instruction and reporting results with others within the group.

    • Continues to grow professional network and identifies and connects resources to achieve goals.

    • Regularly contributes actionable ideas in brainstorming and planning sessions.

    • Collaborates well with others within the team

      Job Requirements

      • Bachelor's Degree in Accounting or equivalent.

      • Minimum 5 years experience

      • Industry experienced preferred

        Additional Calpine Information

        • Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.

        • Calpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position, please send an e-mail with your request to hrrecruitment@calpine.com. Determination on requests for reasonable accommodation are made on case-by-case basis.

          Please view Equal Employment Opportunity Posters provided by OFCCP here (http://www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm)
          Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
          The contractor 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. 41 CFR 60-1.35(c)

Keywords: Calpine, Houston , Senior Commodity Accounting Analyst, Accounting, Auditing , Houston, Texas

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