An Important Message about Exelon Recruitment during COVID-19

We hope that you and your loved ones are managing through this challenging and uncertain time. The COVID-19 pandemic has demanded unprecedented changes to our daily lives. That said, what hasn’t changed for us is the vital work we do, and our commitment to ensuring the safety of our candidates, employees, customers, and communities. While our hiring process looks a bit different today, with 100 percent virtual interviewing and other solutions in place to facilitate proper social distancing, we remain focused on powering possibilities for new talent who are ready to join us in making a difference. As always, you can find our available opportunities here. We truly appreciate your continued interest in opportunities with Exelon and our family of companies.

Analyst, Wholesale Operations

Location: BALTIMORE, MD, United States
Organization: Exelon Generation Co. LLC
Job ID: 232297
Date Posted: Jun 8, 2021

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Job Description

Description

At Exelon, we've got a place for you!

Join the nation's leading competitive energy provider, with one of the largest electricity generation portfolios and retail customer bases in the country. You will be part of a family of companies that strives for the highest standards of power generation, competitive energy sales, and energy delivery. Our team of outstanding professionals is focused on performance, thought leadership, innovation, and the power of ideas that come from a diverse and inclusive workforce.

Exelon will provide you the tools and resources you need to design, build and enhance a successful career. We are also dedicated to motivating the success of our employees through competitive base salary, incentives, and health and retirement benefits.

Join Exelon and share your passion at a forward-thinking Fortune 100 company. Establish yourself in a place where you can truly shine and create a brighter, more sustainable tomorrow. Energize your career at Exelon!


PRIMARY PURPOSE OF POSITION
The primary function for this position will be to accurately record and settle all third party, inter-company and Independent System Operators (ISO’s) energy commodity transactions including pricing and volumetric verification. Provide supporting documentation for monthly financial close and financial planning and analysis processes. Identifies settlement discrepancies and works with customers, schedulers and traders to resolve data issues in a timely and accurate manner. Processes daily trades, generates profitability reports and analyses them to help explains changes in profitability. Assist in the actualization of physical and financial contract movements and their related costs. Processes all invoices for energy sales, reconciles brokerage data for invoicing purposes and checks balancing invoices to identify any penalties or imbalance charges. Produces reports for use by the Accounting, Finance and Trading organizations while ensuring those reports comply with organizational policies, government regulations and professional standards. The candidate should possess an ability to understand wholesale commodity products and the settlement of power contracts; ability to coordinate monthly close processes with Financial Accounting; ensure the timely forecasting, processing, and reconciliation of accounts payable and accounts receivable associated with monthly ISO and counterparty settlements, and facilitate regulatory and compliance reporting.

PRIMARY DUTIES AND ACCOUNTABILITIES
  • Perform daily routines around Independent System Operators (ISO) settlements, ensuring compliance with all settlement control activities, including the maintenance of all documentation providing evidence of performance of those activities for annual audit compliance activities.
  • Daily trade verification, position settlement, and after the fact generation and load scheduling with trading counterparties, including discrepancy tracking and resolution, to ensure an accurate Daily Profit Statement.
  • Validate and reconcile all energy commodity transactions data for regional owned and contracted units used in the accurate reporting to external government agencies, ISO, and Power Marketing Groups.
  • Develop knowledge of billing and metering requirements within the Wholesale Power System.
  • Accurate and timely invoicing of counterparties for all commodities.
  • Accounts Payable and Accounts Receivable forecasting, processing, and reconciliation.
  • Develop and maintain strong relationships with internal departments and external organizations to answer questions and resolve issues.

POSITION SCOPE
As a key member of the Wholesale Operations organization, this position will require a thorough attention to detail and offer an opportunity for the employee to gain a thorough understanding of the physical and financial products offered by the Company, as well as, the marketplace in which it transacts. More specifically, the position will allow for the development and understanding of ISO settlements and relationship between the ISO and third party settlements. This job is integral to ensuring that the Commercial Organizations revenues and power purchases are represented correctly through the production of the Daily Profit Statement, a daily representation of its Profit & Loss Statement. Through its interaction with Corporate Accounting, Corporate Treasury and Corporate Risk, this function provides the monthly settlement figures in support of the monthly close processes and financial reporting processes.

Qualifications

MINIMUM QUALIFICATIONS
  • Undergraduate degree in Accounting, Finance, or other business related field.
  • Minimum 2 years of experience in a business related position
  • Demonstrated knowledge of wholesale energy products and metering.
  • Strong organizational, written and verbal communication skills.
  • Strong math and analytical skills.
  • Ability to develop spreadsheet applications and learn other specialized software products
  • Demonstrated ability to identify and implement process changes.
  • Demonstrated ability to work closely with peers in a teamwork environment.

PREFERRED QUALIFICATIONS
  • Advanced degree or certification (i.e. MBA, CPA, CFA,), or pursuit thereof.
  • Prior industry experience preferred.
  • Experience and knowledge in Financial Accounting or Financial Statements.
  • Knowledge of ISO Settlement activities.

Exelon is proud to be an equal opportunity employer and employees or applicants will receive consideration for employment without regard to: age, color, disability, gender, national origin, race, religion, sexual orientation, gender identity, protected veteran status, or any other classification protected by federal, state, or local law.

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