Settlement

What You Can Expect

As our Mid-Office Settlements Advisor, you will be integral in estimating, reconciling, and explaining the revenue and cost of goods sold (COGS) for the retail business to management.

In this role, you will collaborate with various departments including Portfolio Management, Forecasting, Operations, Finance, and Accounting to ensure accuracy and coherence in financial reporting.

Additionally, as the Natural Gas Settlements Advisor, you will support Mid-Office activities across the Northeast and Midwest.

Your responsibilities will include month-end estimation of volume, revenue, COGS, and hedge P&L; reconciling these estimates to actuals;

addressing and correcting variances; ensuring billing pass-through revenue neutrality; and explaining gross margin results and variances to management.

This position sits in Woodmere, NY and reports to the Director of Business Performance.

Gross Margin Estimation and Reporting : At month-end, estimate gross margin by assessing volume, revenue, COGS, and hedge P&L.

Collaborate with Portfolio Management to deliver accurate data to Accounting

• Settlement Analysis and Adjustments : Analyze adjustments from previous settlement periods, acquire actualized data from Accounting, reconcile with month-end estimates, identify variance causes, and explain key drivers to management while ensuring billing pass-through revenue neutrality
• Invoice Management : Assist with the validation and processing of utility and pipeline invoices, reconcile these invoices with internal records, ensure accurate and timely payment processing, and manage comprehensive counterparty settlements
• Continuous Improvement and System Automation : Participate in, and potentially lead, continuous improvement efforts that may include the design, development, testing, and implementation of automated systems to enhance efficiency
• Leadership and Team Development : Lead or contribute to special projects involving transaction analysis, reconciliation, reporting, and audits.

Actively contribute to the development of the Mid Office Settlements team and foster a positive working environment at Engie

What You’ll Bring

• You hold a Bachelor’s degree in Economics, Finance, or related field
• A minimum of seven (7) years of Business, Financial Analysis, Settlement Analysis, Natural Gas Retail Supply or related field
• You have strong experience in mid-office functions within the retail natural gas energy markets, including deep familiarity with at least one major New York market and one major Midwest natural gas market
• You possess excellent skills in structuring, organizing, and presenting information clearly and effectively
• You are resourceful, capable of using a variety of tools, data sources, and systems, and you have an inherent curiosity to explore and test new resources
• Your project management skills are deadline-driven, facilitating efficient cross-organizational coordination, with a comprehensive understanding of job functions across front and back office
• You are proficient in managing multiple competing priorities with high accuracy, and you excel in teamwork, open to feedback and adept at defending your analyses and perspectives in both written and verbal communications

Additional Details

• This role is eligible for our hybrid work policy

Compensation

Salary Range : $96,100 $147,660 USD annually

This represents the average expected pay range for a qualified candidate.

Actual offered salary may depend on geography, experience, industry knowledge, education, internal pay alignment, or other bona fide factors.

ENGIE complies with all federal, state, and local minimum wage laws. Actual salary offered may vary depending on geography, experience, education, internal pay alignment, or other bona fide factors.

In addition to base pay, this position is eligible for a competitive bonus.

Your Talent Acquisition Partner can share more specific information regarding the benefits or the salary for the position based on the work location.

At ENGIE, we take your well-being seriously. Our comprehensive benefits package includes options for medical, dental, vision, life insurance, employer-paid short-term and long-term disability insurance, ESPP, generous paid time off including wellness days, holidays and leave programs.

We also help you plan for retirement by offering a 401(k) Retirement Savings Plan with a company match. But that's not all we're dedicated to the health and happiness of your entire family, offering supplemental benefits for full time employees that enhance emotional and physical well-being through all stages of life from family forming to caregiver benefits.

Explore our benefits package to see how we can support you. .

Why ENGIE?

ENGIE North America isn’t just participating in the Zero-Carbon Transition, we’re leading it! Join us as we develop energy that is renewable, efficient, and accessible to everyone.

At ENGIE, our goal is to support, promote, and thrive on diversity, equity, and inclusion. We do so for the benefit of our employees, customers, products and services, and community.

ENGIE is proud to be an equal opportunity workplace, and we are firmly committed to creating an equitable and inclusive environment for all employees.

We are committed to providing employees with a work environment free of discrimination and harassment. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.

We are unable to sponsor or take over sponsorship of an employment visa for this role at any time.

The safety of our employees is our number one priority. All employees at ENGIE have both a duty and the authority to STOP WORK if unsafe acts are observed.

Last updated : 2024-05-21