Manager, Settlements and Structured Transactions

About Us

Brookfield Renewable, as one of the core businesses under Brookfield Corporation, is one of the world’s largest owners, operators, and developers of renewable power, with $125 billion power assets under management. Our diverse portfolio of hydro, wind, solar, distributed energy, storage, and sustainable solutions extends across five continents, totaling over 46,000 megawatts of generating capacity. We use our operating capabilities, scale and global reach to develop and operate a high-quality clean energy portfolio in a responsible manner, helping accelerate the global transition to net zero.

Come Join Us

At Brookfield Renewable, we attract and retain high-performing individuals who are interested in making an impact, driving meaningful change and being part of a fast-paced and collaborative environment. Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Together, we contribute to the success of one of the fastest growing and largest publicly traded, pure play renewable power platforms in the world while supporting decarbonization and greater energy sustainability to facilitate the global transition to a net-zero.

About the Role

Reporting to the Director, Settlement and Structured Transactions, the Manager, Settlement & Structured Transactions will be responsible for monitoring and ensuring back-office settlement processes associated with short and long-term contracts and energy market trading in the US and Canada are executed in a timely and efficient manner.

Key Responsibilities

- Lead and manage a team of analysts responsible for the settlement and the accounting of transactions in the Canadian and US electricity markets and contracts with external counterparties

- Set team objectives, track progress and measure performance

- Manage and organize the team’s workload and set priorities

- Support the team to fully understand electricity market charge code algorithms and the corporate structure in order to allocate revenue and charges to the right legal entity and trading strategy;

- Understand the accounting organizational standards

- Conduct research and analysis to remain current with market rules that impact electricity market settlement

- Oversee the analysis of current settlement processes, procedures and reports for continued development and improvement

- Collaborate with various departments to ensure accuracy in financial and regulatory reports submitted to management

- Manage the integration of new acquisitions into the settlement processes

- Review new transactions, draft contracts and Request for Proposals to provide settlement section approval and comments

- Work with IT on system improvements and implementation projects

- Manage the SOx Revenue controls, meet with auditors and coordinate supporting documentation

- Support various audits

- Work with other business functions and external electricity markets to resolve settlement disputes

- Support the Director, Settlement and Structured Transactions in various tasks and provide updates on team’s tasks and objectives

Knowledge and Experience Required

- Undergraduate degree in Economics, Business Administration, Finance or a related financial/quantitative discipline

- Minimum four (4) years of relevant work experience preferably in energy

- Bilingualism (English/French) is an asset

- Advanced Excel skills is an asset (i.e. Macros, Pivot Tables, PowerQuery)

- Knowledge of reconciliation and validation software such as Open Access Technology International, Inc.(OATI) is an asset

- Knowledge of Industrial and Financial Systems (IFS) is an asset

- Knowledge of Trade Capture and Data Validation Systems such as TRMTracker or Risk Management System (RMS) is an asset

- Team Leadership: Assuming a leadership role in helping others achieve excellent results.

- Managing and Measuring Work: Organizing time, work and resources (e.g., people) to accomplish work objectives effectively and efficiently; tracking progress toward accomplishing the work objectives.

- Decision Making: Making decisions involving varied levels of risk and ambiguity.

- Developing Others: Fostering employee development by providing a supportive learning environment.

- Analytical Thinking; Analyzing and synthesizing information to understand issues, identify options, and support sound decision making.

- Achievement Orientation: Focusing efforts on achieving high quality results consistent with the organization’s standards.

- Business Perspective: Using an understanding of business issues, processes and outcomes to enhance business performance.

- Critical Judgment: Evaluating ideas and information while referring to objective criteria to reach rational conclusion.

Note: Offices continue to be central to collaboration and Brookfield’s identity. This position requires the employee to be on-site for a minimum of 4 days to perform most effectively.

Working here, you will enjoy:

At Brookfield, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential.

- We thrive on the challenge to be our best and progressive thinking to keep growing. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

- We work to recognize you in meaningful, personalized ways including a competitive salary, bonus structure, a health benefits program, and defined contribution pension plan.

- Our spaces are open, dynamic, and collaborative, giving you access to different businesses and teams. For your well-being, our building is equipped with a modern gym, bike storage, and healthy snacks and drinks.

- We cultivate a culture where we invest in your growth and development.

Diversity & Inclusion

Brookfield Renewable embraces and promotes the principles of diversity, equity, and inclusion. We welcome and encourage applications from all qualified candidates, including women, Indigenous peoples and other persons of all races, ethnic origins, religions, abilities, sexual orientations, and gender identities and expressions. We also provide accommodation during all parts of the hiring process, upon request. If contacted to proceed to the recruitment process, please advise us if you require any accommodation.