Pacific Gas & Electric Company Settlements Analyst, Associate in San Francisco, California

Settlements Analyst, Associate

Date: Mar 12, 2018

Location: San Francisco, CA, US, 94105

Company: Pacific Gas And Electric Company

Requisition ID # 12478

Job Category : Legal

Job Level : Individual Contributor

Business Unit: Strategy and Policy

Job Location : San Francisco


Based in San Francisco, Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States.

And we deliver some of the nation's cleanest energy to our customers in Northern and Central California. For PG&E, Together, Building a Better California is not just a slogan.

It's the very core of our mission and the scale by which we measure our success. We know that the nearly 16 million people who do business with our company count on our more than 24,000 employees for far more than the delivery of utility services.

They, along with every citizen of the state we call home, also expect PG&E to help improve their quality of life, the economic vitality of their communities, and the prospect for a better future fueled by clean, safe, reliable and affordable energy.

Pacific Gas and Electric Company is an Affirmative Action and Equal Employment Opportunity employer that actively pursues and hires a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color,

national origin, ancestry, sex, age, religion, physical or mental disability status, medical condition, protected veteran status, marital status, pregnancy, sexual orientation, gender, gender identity, gender expression, genetic information

or any other factor that is not related to the job.

Department Overview

We recognize that our employees are the backbone of our success. It's the mix of talent, skill, enthusiasm, drive and team spirit that empowers our employees to deliver your energy, today and tomorrow. This is your opportunity to join our team and make your contributions in an industry that is rapidly changing.

The Energy Procurement organization manages electric and gas procurement to ensure reliable supply (e.g. meet the gas and electric needs of our customers 24 hours a day), reduce customer costs and price risk, minimize shareholder risk, and support environmentally preferred resources. Electric Settlements (ES) is a group within the Energy Procurement Organization that is responsible for settling contracts with over 400 counter-parties. Contracts include physical energy (e.g., conventional generation, renewable, & Qualifying Facilities), gas, transmission, and financial (e.g., options and hedging) types. In addition to interfacing with external counter-parties, ES partners with a number of organizations internal to PG&E, including Energy Supply, Legal, Accounting, and Banking & Money Management.

Position Summary

The Electric Settlements Reporting group is responsible for the reporting of monthly financial performance relevant to the electric settlements group (e.g., department-level), and the reporting of several operational performance categories relevant to Energy Procurement (e.g., organization and enterprise level, and external).

Job Responsibilities

Electric Contract Settlements (50%)

  • Manage a number ofQF and CHPenergy contracts and ensure all activities are in compliance with contract provisions.

  • Perform invoice validation including processing of statements for payables and creating invoices for receivables.

  • Interact with counterparties on settlement related issues, Electric Trading on scheduling and dispatch issues, Contract Management on contract interpretation issues, and Legal on potential dispute issues.

  • Perform qualitative and quantitative analysis on contract data as necessary.

Financial and Metrics Reporting (25%)

  • Lead others in and participate in the compilation and preparation of relevant forecast and accrual data related to the settlement of procured energy for provision to Corporate Accounting and other stakeholders

  • Partner with data owners to understand and document variance explanations

  • Lead the coordination of other stakeholders toward the successful completion of the monthly close meeting with Corporate Accounting (e.g., performing QA on the presentation package and co-facilitation of the meeting)

  • Lead or participate in efforts to refine and improve process effectiveness and business partnership with Corporate Accounting and other financial reporting stakeholders

Project Team Lead (10%)

  • Lead or assist on selected for projects within Electric Settlements.

  • Participate on other project teams or “task forces” within EP or in business partner organizations where core responsibilities would prescribe ownership.

  • Lead or assist on selected work streams for other projects occurring in ECMS or EP such as process improvement implementation or reporting documentation or compliance.

Reporting: Data Requests (15%)

  • Assist team to design and implement settlement and billing processes and tools for new procurement activities arising from PG&E Requests For Offers (RFOs), regulatory proceedings, or bilateral negotiations.

  • Work closely with Contract Management on implementation issues and participate in contract negotiations representing settlements as needed.

  • Assist managers and supervisors on providing business advice related to future business and team strategy.

  • Implement improvements and process automation for invoice estimation.

  • Collaborate with other groups in the Energy Procurement organization and Information Systems Technology Services (ISTS) as needed.

  • Lead and work on cross-functional goal teams to accomplish department goals.



  • BA/BS in Business, Math, Finance, Economics, Accounting, Engineering or related quantitative discipline or equivalent experience

  • Strong project management skills

  • Attention to detail/high level of organization

  • Business/Financial Acumen

  • Strong communication skills (written and oral)

  • Skilled in use of MS Word, Excel, PowerPoint

  • Excellent analytical skills

  • Business understanding


  • Understanding of Energy Procurement business (3-5 years)

  • Understanding of Electric Settlements business (3-5 years)

  • CAISO/Energy Contract experience

  • Some LEAN, Six Sigma or other process improvement training

Nearest Major Market: San Francisco

Nearest Secondary Market: Oakland