Energy Settlements Analyst I/II/Sr

Position Purpose and Objectives:

The Settlements Analyst responsibilities include accounting for transmission and wholesale energy purchases and sales made bilaterally and within an energy market; overseeing invoicing and payment for these transactions; performing account reconciliations and statement analysis related to these activities; analyzing daily market performance; and reporting these transactions to regulatory agencies.

Under general supervision of the Rates and Settlements Manager, manages Power Bilateral, Energy Imbalance Market (EIM), and Regional Transmission Organization (RTO) settlements, including confirmation, calculation, billing, invoicing, reconciliation of charges and payments, timely and accurate production of energy bills, invoice processing, SPP and bilateral settlements, reconciliation, meter data validation, reporting, audit support, and utilizing EIM and RTO Market software and meter data functionality. Further leads initiatives and projects in related areas.

Essential Functions and Responsibilities: 

• Completes daily, weekly, and monthly settlement activities for bilateral power, natural gas, transmission, balancing authority, EIM, RTO, and other energy market transactions.
• Calculates, prepares, validates, reconciles, and processes invoices, payments, accounts receivable, accounts payable, general ledger entries, month-end estimates, and subsequent actual SPP settlements.
• Collects, analyzes, and validates meter, market, pricing, contract, and transaction data; identifies discrepancies and coordinates corrective action with Metering, data providers, counterparties, and market operators.
• Researches and resolves settlement discrepancies, billing disputes, charge questions, and data issues; documents conclusions and tracks matters through completion.
• Interprets and applies contracts, tariffs, market protocols, charge types, settlement calendars, billing terms, and adjustment rules to ensure accurate accounting and billing.
• Reviews utility tariffs and document-specific rules relating to adjustments of metered load prior to settlement, including but not limited to load profiles, loss factors, and unaccounted-for energy
• Develops and maintains reconciliations, reports, dashboards, analytical tools, automated validation tests, and exception controls that identify settlement issues and support decision-making.
• Maintains standardized counterparty checkout files, procedures, internal controls, supporting documentation, and audit records in accordance with organizational and regulatory requirements.
• Prepares and supports required regulatory, financial, operational, and market reporting and responds to internal and external audit inquiries.
• Analyzes market performance, settlement trends, contract terms, and financial impacts to identify risks, opportunities, and process improvements; serves as a primary liaison for assigned energy market activities, coordinating stakeholder communications and resolving market, settlement, and billing issues.
• Monitors changes to market rules, standards, tariffs, and procedures and coordinates implementation of required process, system, control, and reporting changes.
• Coordinates assigned projects and initiatives by managing deliverables, risks, dependencies, testing, documentation, and stakeholder communication.
• Provides technical guidance, process support, training, and knowledge transfer to team members and stakeholders consistent with level and experience.
• Creates, expands, and maintains professional and productive working relationships with peers and stakeholders. Works collaboratively with colleagues and fosters a spirit of cooperation and inclusion in the workplace.
• Performs other duties as assigned to fulfill the needs of United Power in the interest of good management practice. 

Level Progression:

Energy Settlements Analyst I

• Performs routine to moderately complex settlement, reconciliation, billing, reporting, and data validation activities under regular supervision.
• Applies established procedures, contract terms, tariff provisions, and market protocols to recurring transactions and issues.
• Develops working knowledge of settlement systems, meter data, market structures, accounting processes, and internal controls.
• Identifies discrepancies, researches routine issues, and escalates unusual, high-risk, or complex matters as appropriate.
• Supports audit requests, process improvements, system testing, documentation, and assigned projects. 

Energy Settlements Analyst II 

• Independently performs moderately complex to complex settlement, reconciliation, billing, reporting, analysis, and dispute-resolution activities.
• Interprets and applies market protocols, tariffs, contracts, charge calculations, and accounting requirements with limited oversight.
• Owns assigned settlement functions, counterparties, markets, projects, or specialized workstreams and ensures timely, accurate completion.
• Identifies trends, root causes, control gaps, and process improvement opportunities and develops practical recommendations.
• May coach Energy Settlements Analyst I employees and provide technical guidance to stakeholders. 

Senior Energy Settlements Analyst 

• Independently leads complex or unusual settlement activities, cross-functional projects, market implementations, and improvement initiatives with broad financial or operational impact.
• Serves as a subject matter expert for settlement processes, market protocols, charge types, controls, data flows, contracts, tariffs, and system functionality.
• Evaluates complex financial, contractual, operational, compliance, and data issues and develops long-term solutions and strategic recommendations.
• Leads quality assurance and control practices, testing, process design, documentation, training, and knowledge transfer for settlement and rates activities.
• Provides technical leadership, mentors analysts, and represents the function in organizational and external initiatives without formal supervisory authority. 

Minimum Qualifications:

A bachelor’s degree in mathematics, accounting, finance, economics, engineering, data analytics, or a closely related field; or an equivalent combination of education, training, and relevant experience that provides the required knowledge and abilities.

Electric cooperative or electric utility experience preferred.

Energy Settlements Analyst I:

AND a minimum of one (1) year of relevant work experience that is consistent with the job classifications and progression. Experience working with energy trading, settlements, scheduling, operations, or back office preferred.

Energy Settlements Analyst II:

AND a minimum of three (3) years of relevant work experience that is consistent with the job classifications and progression. Demonstrated experience with energy settlements preferred.

Senior Settlements Analyst:

AND a minimum of seven (7) years of relevant work experience that is consistent with the job classifications and progression. Demonstrated experience with energy settlements.

Knowledge, Skills, and Abilities Required:

Energy Settlements Analyst I 

• Foundational knowledge of energy markets, settlement processes, accounting principles, meter data, billing, reconciliation, and related utility business processes.
• Ability to learn and apply established contracts, tariffs, market protocols, procedures, business rules, and system processes.
• Ability to collect, organize, validate, reconcile, and analyze market, meter, billing, and financial data with attention to accuracy and detail.
• Ability to research routine discrepancies, document findings, and recommend or implement corrective action within established guidance.
• Proficiency with Microsoft Office applications, particularly Excel, Word, and Outlook, and ability to learn settlement, market, meter data, and reporting systems.
• Effective written and verbal communication skills and ability to work collaboratively with internal and external stakeholders.
• Ability to manage multiple priorities and deadlines, maintain confidentiality, and communicate barriers to timely completion. 

Energy Settlements Analyst II 

In addition to the qualifications required of an Energy Settlements Analyst I: 

• Working knowledge of organized market protocols, settlement calendars, charge types, calculations, data flows, tariffs, contracts, power terminology, and energy accounting practices.
• Ability to independently interpret and apply settlement requirements and resolve moderately complex billing, reconciliation, meter data, and market issues.
• Ability to identify trends, root causes, financial impacts, control gaps, and process improvement opportunities and develop practical recommendations.
• Ability to develop reports, dashboards, automated validation tests, reconciliations, procedures, and internal controls.
• Ability to coordinate projects, testing, disputes, audits, and stakeholder activities and provide technical guidance to others. 

Senior Energy Settlements Analyst 

In addition to the qualifications required of an Energy Settlements Analyst II: 

• Comprehensive knowledge of RTO/ISO market protocols, charge types, calculations, rules, procedures, tariffs, contracts, controls, and end-to-end data flows.
• Advanced analytical and problem-solving ability to evaluate complex financial, contractual, operational, compliance, and data issues and develop strategic recommendations.
• Ability to design validation methodologies, quality assurance and control practices, analytical tools, and sustainable process or system improvements.
• Demonstrated ability to lead complex projects and market initiatives, influence outcomes, and communicate technical information to diverse audiences.
• Ability to serve as a subject matter expert, mentor analysts, support audits, and advise management and stakeholders without formal supervisory authority.

Supervision Received and Exercised, Complexity of Work, Decision Making, Problem Solving, Discretion, and Latitude:

Advancement is based on sustained demonstration of higher-level scope, complexity, autonomy, judgment, technical leadership, and impact, together with business needs.

Analyst I

Analyst II

Senior Analyst

Supervision Received, Exercised, and Leadership 

Receives regular supervision and guidance from the Rates and Settlements Manager and may receive technical direction from higher-level analysts. No supervisory responsibilities. May provide process support and assistance to internal users and stakeholders. 

Receives general guidance from the Rates and Settlements Manager. 

No supervisory responsibilities. May coach Analyst I, provide technical guidance, and coordinate assigned workstreams or projects.

Receives limited guidance and broad direction from the Rates and Settlements Manager. No supervisory responsibilities. Serves as a subject matter expert and technical leader; mentors

analysts and leads cross-functional projects, workgroups, training, and improvement initiatives. 

Complexity of Work 

Performs routine to moderately complex assignments involving recurring settlements, billing, reconciliations, meter data validation, reporting, and audit support. 

Performs moderately complex to complex assignments involving multiple markets, counterparties, charge types, contracts, tariffs, disputes, controls, reporting, and projects.

Leads complex, unusual, and cross-functional assignments involving market implementations, significant settlement issues, contract and tariff interpretation, systems, controls, and strategic initiatives. 

Decision Making and Judgment 

Applies established procedures, protocols, contract terms, business rules, and system processes to recurring issues. Escalates unusual, high-risk, or complex matters. 

Exercises independent judgment in evaluating settlement, billing, meter data, financial, contractual, and process issues and develops recommendations that balance accuracy, compliance, deadlines, and operational needs.

Exercises substantial independent judgment in matters with significant financial, contractual, regulatory, or operational impacts and provides recommendations that influence functional or organizational decisions. 

Problem Solving 

Researches and resolves routine settlement discrepancies, invoice questions, meter data issues, and reconciliation differences using established procedures and available resources. 

Investigates complex settlement and data issues, identifies root causes, evaluates alternatives and impacts, and implements or recommends practical solutions.

Evaluates complex or unusual issues affecting markets, contracts, systems, controls, financial results, and organizational risk and develops long-term solutions, analytical approaches, and strategic recommendations. 

Independence and Latitude 

Assignments are generally defined and recurring, with guidance available for new or unusual situations. Works within established priorities, policies, procedures, protocols, and deadlines. 

Assignments are generally communicated in terms of expected outcomes, deadlines, and department priorities. Latitude to determine methods, priorities, and approaches. Works independently with periodic review of results.

Assignments are broad in scope and require interpretation of competing priorities, market requirements, contracts, tariffs, and business impacts. Acts with substantial independence in establishing priorities, leading initiatives, and developing recommendations. 

Impact:

Timely and accurate settlement of physical and financial energy transactions is essential. Errors in judgment or failure to achieve results may result in financial impacts and require significant time and effort to resolve. This position supports United Power’s ability to deliver cost-effective, reliable service to its members.

Liaison:

This position spends equal time interacting with internal and external contacts. Works with all departments and various external vendors.

Essential Physical & Mental Requirements: 

• Requires the ability to sit, stand, walk, bend, reach, and change positions throughout the workday in an office environment.
• Requires frequent use of hands and fingers for keyboarding, operating computers and mobile devices, handling documents, and using settlement and reporting systems.
• Requires visual acuity sufficient to read printed and electronic materials, review detailed data, distinguish colors in reports or visualizations, and identify discrepancies.
• Requires the ability to hear, understand, and communicate effectively in person, by telephone, and through virtual communication platforms.
• Requires the ability to maintain concentration and accuracy while performing detailed analytical work, reviewing large data sets, reconciling transactions, and managing multiple priorities, interruptions, and deadlines.
• Requires analytical, reasoning, problem-solving, and decision-making ability to interpret contracts, tariffs, protocols, accounting requirements, business rules, and system processes and develop appropriate conclusions or recommendations.
• Requires the ability to communicate technical, financial, operational, and settlement information through written reports, documentation, presentations, and verbal communication while maintaining confidentiality and professional working relationships.

Working Conditions:

Work is performed inside an office building at normal temperature ranges one hundred percent (100%) of the time. The work environment has a moderate noise level and includes regular interruptions. Work generally follows regular business hours; occasional work outside normal hours may be required to meet settlement calendars, reporting deadlines, audit requests, market events, or project requirements.

Department: Power Supply & Rates     FLSA Status: Exempt      Grade: I/II/Sr: 17/18/19     

Updated: September 2026

Typical hiring range: 
Level I: $84,500 - $94,300 annually. 104,100
Level II: $91,300 - $101,830 annually $112,360
Senior: $97,700 - $114,150 annually $130,600 

NOTE: This position description is not intended to be all-inclusive; an employee will also perform other job responsibilities as assigned by the immediate supervisor or management.

Management reserves the right to change position descriptions, specifications, or work schedules to accommodate individuals with disabilities or as needed.

This position description does not constitute a written or implied contract of employment.

In addition to a competitive salary, we offer a generous benefits package that includes an employee retirement plan, 401K with match, paid holidays, vacation & sick leave, medical, dental, vision, short-term disability, long-term disability, and life insurance. For a full list of benefits, please visit our careers page at https://www.unitedpower.com/careers.

We are interested in every qualified candidate who is eligible to work in the United States. However, this position is not eligible for visa sponsorship.

Pre-Employment Screening Notice: This position is subject to pre-employment drug screening, consistent with Colorado law and federal regulations. Applicants should be aware that a positive drug test—including for marijuana—may disqualify them from employment, as permitted under Colorado law. Additional information about our drug-testing policy will be provided during the hiring process.

United Power is an Equal Employment Opportunity Employer. United Power prohibits discrimination against applicants or employees on the basis of age 40 and over, race, gender identity, sex, sexual orientation, color, religion, military or veteran status, national origin, disability, genetic information or any other applicable status protected by state or local law.