Senior Settlement Analyst

Wisconsin Electric Power, a subsidiary of WEC Energy Group, is seeking a Senior Settlement Analyst in our Milwaukee, Wisconsin location. This position is hybrid with time spent in the Milwaukee, WI Office.

About Us

WEC Energy Group is one of the nation’s largest electric generation and distribution and natural gas delivery holding companies serving 4.7 million customers across the Midwest. We are committed to providing clean, reliable, and affordable energy in an environmentally sustainable manner. Customers are the heart of our business, and we work every day to help grow and support communities where we provide vital energy services.

As a Fortune 500 company, we value and develop our employees who are making a difference in a mission that matters. We don’t just offer a job; we provide fulfilling careers where safety and well-being are paramount. Join our team and experience first-hand our commitment to your success. We offer competitive pay and benefits to recognize your hard work and dedication.

If you’re talented, energetic and ready for a career with a future, we want you on our team. We are powered by a diverse and inclusive workforce fueled by the pride in what we do. If you're driven by the passion to change lives, this is the place for you.

The Business Settlement Analyst is a position where a combination of strong technical and analytical skills is used to perform all aspects of power settlements for WEC Energy Group and its affiliates.
Objectives include transaction verification and reconciliation to ensure data integrity, billing and payment processing, discrepancy investigation and resolution, development and implementation of new accounting procedures according to GAAP, data analysis, reporting and special projects as assigned. Power settlements include RTO Energy and Operating Reserves Markets, wholesale contract and transmission settlements. The Business Settlement Analyst interprets wholesale contracts and tariffs and negotiates the resolution of issues with both Energy and Operating Reserves Markets and counter parties.

The Business Settlement Analyst reconciles the general ledger balances in SAP, prepares various FERC reports on a regular basis, interprets and applies the requirements of the Sarbanes-Oxley Act and responds to internal and external audit and data requests. In addition, the Business Settlements Analyst provides feedback to the Power Operations and Wholesale Energy Marketing and Planning areas within the Company, provides output information to Finance and Regulatory, prepares and distributes various reports and provides expertise to others as requested.

The Business Settlement Analyst is responsible for representing the Company’s interests in various internal and external forums.

This position is highly self-directed with a solid understanding of business processes and requirements and works as a member of the Settlements team to accomplish team objectives. The Business Settlement Analyst must be committed to continued process improvement within the Team - identifying and evaluating target areas, prioritizing projects and implementation.

This position is part of a job family (Associate Business Settlement Analyst, Business Settlement Analyst, Senior Business Settlement Analyst), where experience will be the determining factor.

• Perform all duties required for monthly closing such that closing is accurate and on time
• Develop and maintain subject matter expertise on the settlements of the competitive energy markets in which the Department transacts - currently, MISO
• Develop and maintain a strong level of understanding of the operations of the competitive energy markets
• Develop and maintain subject matter expertise on contracts, tariffs and market settlement rules and provide expert advice on rule-making issues that have a settlements impact
• Communicate with various groups inside and outside the Company to investigate and resolve complex technical issues
• Proactive investigation and resolution of market disputes and data errors related to market settlements
• Represent and manage the interests/requirements of the Company in external forums and venues
• Assist with the development, product implementation, enhancement and testing of systems and processes in support of the market shadow settlement and billing systems
• Identify detailed solutions and improvements to Settlement team procedures and software to improve accuracy, efficiency and timeliness
• Interpret and apply the…