Wholesale Settlement Contract Analyst

Overview

Southern Company is a prominent energy provider in the United States, specializing in the generation, transmission, and distribution of electricity. It serves millions of customers throughout the southeastern U.S., including Alabama, Georgia, and Mississippi. The company operates through several subsidiaries, such as:

- Alabama Power

- Georgia Power

- Mississippi Power

- Southern Power

These subsidiaries engage in various aspects of energy production and delivery, including the use of traditional fossil fuels, nuclear power, and renewable energy sources like solar and wind. Southern Company is recognized for its dedication to innovation, sustainability, and reliability in energy production and distribution.

Job Summary

The Settlement/Contract Analyst plays a crucial role in ensuring the accurate and timely administration of wholesale contracts, which are vital to Southern Company's operations. This position is part of the Financial and Contract Services department within Southern Company, which responsible for billing and settlement for the Intercompany Interchange Contract (IIC), wholesale energy contracts, coal-related commodities, and the Open Access Transmission Tariff (OATT). The role also involves analyzing wholesale energy margins and system operations. The position is responsible for supporting the administration of wholesale contracts for each subsidiary, offering exposure to all areas within Financial and Contract Services. These wholesale contracts encompass purchases and sales of capacity and energy, coal-related commodities, and OATT settlements, representing a significant portion of wholesale business for Southern Company.

Contract management duties include being the primary point of contact for each contract, implementing new and amended contracts into settlement systems and processes, creating monthly invoices for payments, processing payments, conducting analysis and reporting to support the operating companies' closing processes, regulatory filings, and customer requests. This role will regularly interact with External Customers, Asset Management, Accounting, Business Development, Fleet Operations and Trading, Coal Services, Plant Personnel, Transmission Policy, Internal Audit, Technology Organizations, and Internal Controls and Compliance to ensure efficient and effective administration of settlement and supporting activities. Limited overnight travel may be required.

Primary Job Duties & Responsibilities

The Settlement/Contract Analyst role encompasses a variety of duties and responsibilities aimed at ensuring the accurate and timely administration of wholesale contracts. These include:

- Implementing new and amended contracts into settlement systems.

- Administering wholesale capacity/energy, coal related commodities and transmission usage contracts including accurate and timely settlement preparation, supporting documentation, accounting data, reports and statistical information, and issue resolution

- Performing within the established control structures to ensure the integrity of the company financials

- Serving as the primary point of contact for all issues related to operational, accounting, and settlement terms for Wholesale Contracts.

- Establishing and maintaining positive relationships with wholesale, commodity & transportation customers as well as internal clients and other constituents to ensure the provision of superior customer service

- Collecting, verifying/validating, and maintaining data to support monthly settlement, company close processes, analyses, and regulatory filing responsibilities

- Developing and administering processes for filing regulatory information for various agencies such as FERC, SERC, PSCs, SEC, etc. and internal / external controls and third-party auditors (Sarbanes Oxley)

- Participating in the development of automated tools/systems that will maximize the efficiency of business processes; continuously re-evaluate business processes and technology to improve productivity and efficiencies of the team

- Supporting operating company monthly accounting closing cycles (first 6 business days of each month) related to settlement activities such as Booking reports, processing payments, and applying receipts

- Providing analysis and responses to data requests from customers

Education

JOB QUALIFICATIONS

- Bachelor’s degree in Accounting, Business, Finance, Math, Engineering, Technology, or related technical field/discipline is required.

Experience

- Experience collecting, analyzing, and summarizing large volumes of diverse data and developing recommended action plan(s) is required

- Experience within Utility industry is a plus

- Experience with contract administration and conversion of contract terms into settlement calculations is desired

- Experience in developing financial reports/statistical data in support of the monthly operations and settlement of contracts is desired

- Experience in the development of calculations within tools or applications is desired

- Experience or a working knowledge of accounting and Oracle is desired.

Knowledge, Skills & Abilities

- Excellent Excel skills, including the ability to use advanced features

- Ability to collect & analyze data/detailed information and develop complex mathematical calculations

- Ability to understand and apply contractual language to settlement

- Knowledge of accounting methods/procedures/internal controls

- Proven ability to communicate well and work closely with others

- Excellent organizational skills with ability to balance multiple assignments and responsibilities

- Proficiency in writing formulas and coding within a settlement system

Behavioral Attributes

- Attention to detail and strong motivation for quality, accuracy, and timeliness

- Ability to work in high pressure environment

- Strong communication and interpersonal skills

- Takes personal responsibility and ownership of work

- Demonstrates initiative

- Adaptability/Flexibility

- Demonstrates strong confidence

- Continuous improvement mindset

- Positive attitude

- Team player

Benefits

- Competitive Pay

- Excellent benefits packages which includes:

- Medical and dental coverage

- Defined Benefit/Cash Balance Pension plan

- Performance-sharing plan

- 401(k) plan with a generous company match

- Bonus opportunities

- Tuition Reimbursement

- Please submit an updated resume with your application_

About Southern Company

Southern Company (NYSE: SO ) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy solutions provider with national capabilities, a fiber optics network and telecommunications services. Through an industry-leading commitment to innovation, resilience and sustainability, we are taking action to meet customers' and communities' needs while advancing our goal of net-zero greenhouse gas emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success. We are transforming energy into economic, environmental and social progress for tomorrow. Our corporate culture has been recognized by a variety of organizations, earning the company awards and recognitions that reflect Our Values and dedication to service. To learn more, visit www.southerncompany.com .

Southern Company invests in the well-being of its employees and their families through a comprehensive total rewards strategy that includes competitive base salary, annual incentive awards for eligible employees and health, welfare and retirement benefits designed to support physical, financial, and emotional/social well-being. This position may also be eligible for additional compensation, such as an incentive program, with the amount of any bonus/awards subject to the terms and conditions of the applicable incentive plan(s). A summary of the benefits offered for this position can be found here https://seo.nlx.org/southernco/pdf/SOCO-Benefits.pdf . Additional and specific details about total compensation and benefits will also be provided during the hiring process.

Southern Company is an equal opportunity employer where an applicant's qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or any other basis prohibited by law.

Job Identification: 15081

Job Category: Finance

Job Schedule: Full time

Company: Southern Company Services