Specialist Contract Settlements - Toronto, Canada - Independent Electricity System Operator (IESO)

Independent Electricity System Operator (IESO)

Verified Company

Toronto, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Specialist Contract Settlements:

Date:
Mar 13, 2024

Location:

CA

Company:
Independent Electricity System Operator

INDEPENDENT ELECTRICITY SYSTEM OPERATOR (IESO)

Requisition ID:

19661

Location:

Toronto, ON (Hybrid)

Status:

Regular

Business Unit:

Legal Resources & Corporate Governance

Number Required:

2

Why join us?
You've got great skills. And you want to use them in an organization where you know what you do every day matters. We get that.

We also know that ensuring Ontarians have access to affordable and reliable power doesn't happen by accident.

So we give you the tools, flexibility and support you need to achieve your goals, and development opportunities to help you grow.

You'll thrive in a collaborative, team-based environment that values your unique skills and experiences - and recognizes that when you do better, we become even better too.

Who we are

The Independent Electricity System Operator (IESO) works at the centre of the province's power system, ensuring Ontarians have access to reliable and cost-effective electricity when and where they need it.

We operate the province's electricity grid 24/7, design, run and oversee the wholesale electricity markets, and plan and prepare to meet Ontario's electricity needs - now and into the future.

The opportunity

The Specialist Contract Settlements is accountable to the Supervisor, Contract Settlements and is primarily responsible for assisting with contract management and settlement responsibilities related to IESO-contracted electricity resources, including all transmission-connected facilities.

What you'll do

Financial settlement and Shadow Settlement for contracted electricity resources:

Have an in-depth understanding of all of the various contract and settlement models used by the IESO, and act as a Subject Matter Expert for each of the contract types, including, but not limited to, RESx, CES, HCI, FIT, ESA's, NUG's, CHPx, nuclear, CHPSOP, HESOP and IEI
Utilize broad and thorough knowledge of contract management and settlement matters to identify any implementation issues and propose resolutions.
Create settlement statements and/or invoices for all technology types.
Shadow settling invoices received from contract counterparties to ensure accuracy and compliance with contract terms and conditions.
Assembling of electricity and natural gas market related information and metering data from a variety of sources.
Ensure financial settlement approval process is completed on time and with a high level of accuracy
Complete GA submissions and ensure amounts submitted reconciles with contract payment.
Oversee the completion of the quarterly and annual financial reconciliation of contract settlement payments to submitted GA values.
Coordinate with other members of the Contract Settlement team to complete the settlement approval processes and GA submissions under mandated timelines, while managing changing priorities and tight deadlines.
Creating, maintaining and enhancing complex contract settlement and reporting models for various types of technology.
Evaluating and recommending enhanced processes to accommodate the increasing volume of contracts being managed and settled.
Advise on methods and tools, and recommend changes in processes, procedures and strategies.

Assisting with the management and administration of electricity resource contracts.

Tasks may include assisting with:

Review of operating characteristics of facilities to ensure compliance with agreement, such as outages, spill reports, water flow reports and production profiles.
Point of contact for contract for all contractual matters related to commercial operations, including responding to interpretation issues, working with legal and other counterparties to resolve disputes, and assessing any proposed amendments.
Monitoring and tracking of Supplier deliverables required in the contracts to ensure timely and accurate submissions.
The design, development and maintenance of business processes, communications and performance metrics to administer and settle contracts.
Performing analysis and verification of Supplier reports that are required in the contracts.
Assist in review of and make recommendations on amendments or updates to contracts in order to implement negotiated or newly developed contractual provisions.
Designing and producing internal and external reports.
Developing and maintaining excellent working relationships with IESO counterparties and identify and manage situations where there is potential for disagreement.
Working with developers in addressing technical and operational issues with projects as they arise.
Gathering relevant information from various sources, and presenting findings in a clear and concise way.
Distilling key information, facts, and concepts from potentially large volumes of complex information.
Mapping of process flows and do