Job Information
Arizona Public Service Energy Analyst Sr in PHOENIX, Arizona
Energy Analyst Sr
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Date: Aug 26, 2024
Location: PHOENIX, AZ, US, 85004-3903
Company: APS
Our present and future success depends on the creative and dedicated people of our company who demonstrate the principles outlined in the APS Promise: Design for Tomorrow, Empower Each Other and Succeed Together.
Summary
Provide coordination, integration, management analysis and reporting of department financial statements, monthly and quarterly business unit activities, report reconciliation, and system reporting; OR responsible for a complex area of reconciliation of transactions, analytical review of data, invoicing/billing and reporting in support of trading activities and strategies, Energy Services billing, or transmission settlement. OR perform research and analysis to verify energy flows, inadvertent energy balances, ensure control area accounting of transfer energy and metered load data, ensure the completeness and reliability of metered load data;
May serve as technical resource to department analysts and other personnel on resolving reconciliation problems, interpreting information, contracts, agreements, generally accepted accounting principles, and in providing training.
Minimum Requirements
BS degree in Business, Accounting or Finance and 3 years experience in accounting reconciliation, energy billing, or financial reporting; or an equivalent combination of education and experience.
Knowledge of the applied use of energy accounting processes, related auditing techniques, and Generally Accepted Accounting Principles.
Some positions may require experience working with the administration of energy contracts and the development, implementation and maintenance of financial reports and spreadsheets. A thorough knowledge of Microsoft Excel, Access, PowerPoint and Word.
Some positions may require a general understanding of commodity trading, Risk Management, and options valuation as it relates to energy markets, resource generation and transmission system concepts.
Major Accountabilities
1) May coordinate and integrate financial information flow, analyze, prepare and ensure timely reporting of department financial statements, management reports and studies; analyze trading and system transactions for accuracy and to provide explanations on significant variations; reconcile monthly margin statement with general ledger, off system margin report and power trading statements to ensure transactions have been recorded properly; prepare trading detail from system books, identify hedge transactions and perform hedge effectiveness calculations; review and recommend process and workflow improvements; identify system issues and implementation of accounting guidelines and coordinate with Information Services staff to ensure accurate reporting; develop and produce ad hoc reports and financial studies in response to requests from various departments; maintain accounting acumen by reviewing regulatory rules, pronouncements, contracts and operating agreements; provide financial and operating results to Accounting, Tax and Forecast departments.
2) May confirm daily futures transactions with clearing broker and reconcile futures positions of commodity to counter-party statements and internal reporting system; calculate daily interests on margin calls, monthly index prices and determine maintenance margin requirements as well as physical power, ISDAs, natural gas and paper transactions with brokers and appropriate counter-party; track confirmations on risk management system; research and resolve exceptions with trading/marketing and counter-party personnel; process invoices for commodity purchases, charge appropriate account numbers in order to bill counter-parties for sales; verify accounting records, payables from other utilities and prepare check requests within time periods specified in contracts; follow up with counter-party on past due payments and bring outstanding accounts to managements attention; prepare various reports on results of system and trading activities; analyze daily reporting of operating results and maintain analysis of trading activities and strategies; review and verify broker commissions and submit requests for payment; prepare and maintain various margin and activity reports needed for monthly and daily reporting.
3) May verify the completeness and accuracy of energy flow across transmission and within control area by comparing
interchange schedules and system load data to determine inadvertent energy amounts; determine when to accept inadvertent energy amounts from other areas; may prepare and distribute statistical information on energy usage, peak demand and metering data for use by other departments; compile and analyze meter reads to verify the accuracy of generated energy and fuel usage; provide and distribute data/reports on energy generation and use, peak demand, and metering data to ACC, FERC, NERC, WSCC and other departments; conduct research and analysis to verify accuracy of system metering (telemetry, digital, analog), identify discrepancies and resolve with appropriate parties; may serve as point of contact for WSCC interchange scheduling and inadvertence and transaction flows; may acquire, validate, estimate and edit data collected through interval data recording (IDR); may prepare and distribute customer meter data involving energy usage, peak demand, and load patterns used by organization; ensure completeness, statistical reliability and quality of IDR data; may apply industry methodologies and techniques to estimate missing IDR data; serve as system administrator for software load data collection system or customized transfer energy and system load database; may interpret complex contracts, protocols, standards, and industry regulations to determine reporting requirements.
4) May ensure the accurate and timely invoicing of direct access and non-commodity customers, by analyzing and verifying mete
Export Compliance / EEO Statement
This position may require access to and/or use of information subject to control under the Department of Energy's Part 810 Regulations (10 CFR Part 810), the Export Administration Regulations (EAR) (15 CFR Parts 730 through 774), or the International Traffic in Arms Regulations (ITAR) (22 CFR Chapter I, Subchapter M Part 120) (collectively, 'U.S. Export Control Laws'). Therefore, some positions may require applicants to be a U.S. person, which is defined as a U.S. Citizen, a U.S. Lawful Permanent Resident (i.e. 'Green Card Holder'), a Political Asylee, or a Refugee under the U.S. Export Control Laws. All applicants will be required to confirm their U.S. person or non-US person status. All information collected in this regard will only be used to ensure compliance with U.S. Export Control Laws, and will be used in full compliance with all applicable laws prohibiting discrimination on the basis of national origin and other factors. For positions at Palo Verde Nuclear Generating Stations (PVNGS) all openings will require applicants to be a U.S. person.
Pinnacle West Capital Corporation and its subsidiaries and affiliates ('Pinnacle West') maintain a continuing policy of nondiscrimination in employment. It is our policy to provide equal opportunity in all phases of the employment process and in compliance with applicable federal, state, and local laws and regulations. This policy of nondiscrimination shall include, but not be limited to, recruiting, hiring, promoting, compensating, reassigning, demoting, transferring, laying off, recalling, terminating employment, and training for all positions without regard to race, color, religion, disability, age, national origin, gender, gender identity, sexual orientation, marital status, protected veteran status, or any other classification or characteristic protected by law.
For more information on applicable equal employment regulations, please refer to EEO is the Law poster. Federal law requires all employers to verify the identity and employment eligibility of every person hired to work in the United States, refer to E-Verify poster. View the employee rights and responsibilities under the Family and Medical Leave Act (FMLA).
Arizona Public Service is a smoke free workplace.
Flex Role:
This position is not required to be performed at a specific APS facility as long as adequate technology and a solid ergonomic set up are present. Pending agreement with leadership, employees hired into this role will be able to choose where they prefer to perform their work, but the ultimate decision is the company's. Employees will have two options to choose from:
APS office based: The employee prefers to work most of the time from an APS facility.
Home based: The employee prefers to work most of the time from his/her home.
*Employees in Flex roles are required to reside in Arizona (or NM for Four Corners-based employees). Role types are subject to change based on business need.