Independently manage the reconciliation of bilateral commodity products, including power, natural gas, crude oil, and refined products, while overseeing trade activities throughout each month.
- Collaborate with counterparties, schedulers, and traders to address trade discrepancies and establish effective settlement strategies.
- Analyze and reconcile trade details, process settlements promptly, track ARAP breaks, and clear cash breaks with treasury daily.
- Handle physical and financial power trade settlements, with detailed analysis of wind power and renewable energy contracts.
Support Front
Office, traders, and confirmation teams in resolving third party trade discrepancies, ensuring accurate ledger entries with the trade control team for all settlements.
- Work with Front Office, Middle Office, Market Data Base Engineers, and Technology System Support to monitor trade booking and validation, ensuring accurate data. Analyze and resolve issues across products, while managing personal reconciliation tracking.
- Support Finance in resolving ledger issues for assigned accounts and systems like Quartz and Finman. Address balance sheet discrepancies and present transaction evidence from multiple trade sources.
- Daily Global Commodity Breaks reporting, including senior management updates on trade discrepancies and their resolution. Support provided to teammates handling FERC regulatory reporting.
- Document prior period adjustments and clarify general ledger updates to Front Office and Finance.
- Interact with various power industry Independent System Operators (ISOs), including ERCOT, PJM, MISO, CAISO, NYISO, and SPP. Perform daily, weekly, and monthly reconciliations on invoices and maintain a detailed record of adjustments to keep the trade desk informed about trade discrepancies. Provide the trading desk with information regarding trade limits, exposure, and available credit allocation amounts for each ISO. Assist with posting collateral transactions required for participation in different trading auctions. Support the Front Office Local Security Administrator (LSA) in granting department users digital certificates needed for ISO portal access, maintaining records of permissions and managing annual certificate renewals.
- Submit policies, procedures, annual audited MLCI financial statements, and control documentation related to Risk Management for Financial Transmission Right (FTR) markets to all ISOs to ensure compliance. Collaborate with Legal and Front Office teams to complete annual member recertification forms as required by each ISO in accordance with operating agreements.
- Manage clients with different Credit Alert levels to ensure compliance with trading and settlement terms. Coordinate with Credit Officers and Underwriters for client reactivation approvals and collaborate with Product Sales Officers to monitor activity and develop special procedures.
- Developed multiple test cases in various source systems, including Open Link Endur and eConnect, to enhance or streamline system processes.
- Responsible for reconciling NGLs, crude oil, and refined product inventories with pipeline statements. Calculate pipeline movements related to pipeline tariffs. Participate in the settlement process and confirm barge and international vessel movements with traders and schedulers, ensuring documentation such as LOI, BOL, SGS, and inspection reports is accurate.
- Experienced in settlement of prepayment invoices and collaborate with credit analysts to assess counterparty creditworthiness.
- Oversee and verify that colonial tariff rates are regularly updated and accurately reflected within Open Link Endur.
