Senior Energy Markets Analyst – Ontario Power Generation

Title of the Job: Senior Energy Markets Analyst

Location: Toronto, ON

Job Description: OPG is a Top 100 GTA and Top Diversity Employer 2023!Status: Regular Full TimeWorking Conditions: Hybrid Working EnvironmentEducation Level: 4-year university degreeBase Location: Oshawa, ONTemporary Work Location: Toronto, ONNumber of Position(s):1Shifts(s): DaysTravel: Yes- 10%Deadline to Apply: October 23 2024Salary Range: $2,575.17 – $3,020.55 Per WeekElectrify your career and help build a brighter tomorrow.Every generation has a challenge that defines them. At OPG, we are calling on all innovators, disruptors, thought leaders and change-makers. Join us to electrify life in one generation and build a sustainable future powered by our electricity, our ideas, and our people. Join OPG and make history.Whether you work in the skilled trades or are a business professional, a career at OPG is an opportunity to electrify your life on — and off — the job.ACCOMMODATIONSOPG is committed to fostering an inclusive, equitable, and accessible environment where all employees feel valued, respected, and supported. If you require accommodation during the application or interview process, please advise us as soon as possible so appropriate arrangements can be made.If you require information in a format that is accessible to you, please contactThis position is moving to OPG Corporate Headquarters: In Summer 2025, OPG will officially welcome employees to our new Corporate Headquarters located at 1908 Colonel Sam Drive, Oshawa, Ontario. This new space will enable teamwork, collaboration and innovation that will help us to achieve our mission to electrify life in one generation. This position will be temporarily based in Toronto, ON until the move to Headquarters in the Summer of 2025.JOB OVERVIEWOntario Power Generation (OPG) is looking for a dynamic, strategic and results-driven professional to join our team in the role of Senior Energy Markets Analyst.Reporting to the Section Head of Interconnected Settlements, the successful candidate is responsible for developing and modifying business processes, installing and setting up settlement systems, confirming and reconciling with counterparts, monitoring contracts and agreements, and ensuring accurate representation of terms and conditions in billing systems.Other responsibilities include coordinating documentation for internal and external submission, assessing company performance, and collaborating with internal and external contacts to protect and advance OPGI’s interests.This is an exciting opportunity to work in an environment where you will contribute to OPG’s public outreach, engagement and education efforts as part of the company’s commitment to growing its social license.KEY ACCOUNTABILITIES

• Take a lead role in development of business processes for the settlement function as it exists in a competitive electricity marketplace (within Ontario and Interconnected markets).
• On an on-going basis, review the effectiveness of existing settlement processes and initiate changes to these processes as rules/conditions change and/or warrant.
• Provide expert advice on settlement processes in the competitive electricity market.
• Review established business processes used within OPGI, the IMO, and other markets to ensure compliance of actual activities.
• Stay current on Ontario and other jurisdiction Market Rules evolution and revise Settlement processes as necessary, and implement, install, and set-up systems for settlements.
• Contribute to formulation of other processes, as market rules evolve.
• Provide on-going reconciliation and verification expertise for OPG Energy Markets revenue streams.
• Ensure all invoices are forwarded to Accounts payable and Accounts Receivable and that funds are transferred.
• Suggest to Management on appropriateness for initiating more formal dispute resolution processes with IMO, LDC or other counterparties, where conflicts exist and cannot be rectified through informal reconciliation processes.
• Keep track of disputes, monitor progress on their resolution, provide updates on status (including assessment of benefits associated with the disputes).
• Make bilateral contract amount declarations to the IMO per terms of contracts with bilateral customers and within the timelines outlined in the Market Rules.
• Ensure the quality and accuracy of transactions and settlement statements.
• Ensure completeness and consistency of transaction database.
• Make qualitative and comparative assessments of OPG Energy Markets performance. Track its performance on an on going basis and advise on possible changes to bidding/operations as appropriate.
• Contribute documentation for submission to internal and external agencies (e.g. Electricity Production, IMO, OEB). Support the process to prepare senior staff in the presentation of testimony as required.
• Liaise and work through an established network of internal and external contacts to secure, protect and advance the interests of OPGI.
• Support development of contracts and agreements with customers and suppliers. Assist with the negotiation, administration and monitoring of electricity sales contracts.
• Produce reports substantiating conclusions and recommendations for marketing analysis.
• Participate on project teams to resolve issues and implement solutions in the competitive environment.
• Keep abreast of current developments in areas of the electricity spot market and pricing of term options, utility industry trends for development of plans, processes, policies and programs.
• Provide management with reports as required.
• Perform limited technical supervision assigning/checking project work with feedback to the supervisor.
• Provide advice, contribute to Team effort accountability for obtaining/maintaining ISO 9000 certification.

EDUCATION

• 4-Year University Degree in Business Administration, Commerce, Economics or Engineering

QUALIFICATIONS

• Ability to work effectively and efficiently in a flexible hybrid office environment
• A minimum of 8 years of relevant experience
• Requires experience to become familiar with an energy markets function or with financial market products and services.
• Requires experience on systems associated with energy market settlements and energy market operations.
• Requires experience to have acquired a working knowledge of trading commodities or financial instruments, risk management principles and associated tools.
• Requires practical experience to have gained an understanding of characteristics of generation station operation including hydroelectric generation, thermal generation and nuclear generation.
• Requires experience to become familiar with the technical interactions and related commercial transactions between large power systems that are interconnected with one other.
• Requires experience in a commercial environment, including intelligence gathering and negotiation activities.
• Requires a good working knowledge of personal computer applications, including Internet, Excel, macros, and internal software and systems.
• Requires experience managing and analyzing data and working collaboratively to problem solve and present results.
• Requires experience to gain an understanding and commitment to high standards of regulatory compliance.
• Requires a knowledge of accounting principles and practices to reconcile payment transactions in markets.
• Demonstrates research skills e.g. effective questioning skills to collect and analyze data.
• Taking a lead role in development of business processes for the settlement function within energy markets, initiating changes to processes as rules/conditions change and/or warrant
• Applying sound analytical thinking skills to develop or modify business processes and implement, install, and set-up systems for settlements.
• Providing on-going reconciliation and verification expertise for OPG Energy Markets revenue streams/transactions.
• Requires a knowledge of accounting principles and practices to reconcile payment transactions in markets.

The successful candidate will exhibit uncompromising integrity and commitment to upholding corporate values, and the OPG Code of Business Conduct.What Makes a Career at OPG Different?As Ontario’s largest clean energy generator, we’re building, expanding, and innovating the equipment and technology that keeps Ontario powered with clean, reliable energy.At OPG, our values are our strengths. They are fundamental truths about our organization that don’t change:Safety – it’s our business
Integrity – always lead with integrity
Excellence – never satisfied with good enough
Inclusion – working together for powerful outcomes
Innovation – creativity accelerates possibilityHere’s why OPG might just be the ideal workplace for you:

• Exceptional range of opportunities province-wide
• Long-term career growth and development opportunities
• Electricity is vital to the province and OPG’s clean electricity is helping decarbonize other sectors.

Our promise to you:

• We care about the safety and the well-being of our employees. It is our utmost priority.
• A supportive work environment where you can be your best every day.
• Opportunities to stretch and develop.
• Offer different ways for you to give back to communities where we operate.
• Partner with Indigenous communities and support local businesses.
• We support employment equity, diversity and inclusion.

Are you ready to start a career that has the power to electrify life on and off the job? Apply now.APPLICATION PROCESSPlease submit your application online at by 11:59 PM E.S.T., Wednesday October 23 2024. OPG thanks all those who apply; however, only candidates considered for an interview will be contacted.The base salary range considers many factors including, but not limited to experience, education, and training, including any collective agreement requirements for union represented positions. It is not typical for the salary to be offered near the top of the range, and salary is dependent on numerous factors. For management roles, the base salary range does not represent the total compensation package. The total compensation package for regular full-time management roles includes pay-for-performance programs for annual and medium time periods. Maintaining a high-performance culture and excellence is a core expectation of every member of our leadership team and is rewarded through the established compensation framework.OPG is committed to employment equity. As such, we encourage applicants from equity-seeking communities (Indigenous Peoples, racialized persons, persons with disabilities, and women). We strongly believe that alleviating the under-representation of equity-seeking individuals will create a stronger OPG team and allow us to better serve the needs of our diverse communities.In order to fulfill the above-mentioned purpose, priority in hiring may be given to qualified persons who self-identify as a member of equity-seeking groups as identified in the application process. This initiative constitutes a special program under the Human Rights Code/Canadian Human Rights Act.

Company Name: Ontario Power Generation

Salary: $2575.17 – 3020.55 per week

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