Settlements Analyst

Job Specifications

Black Hills Energy is people powered and purpose driven. Our team uses the power of energy to improve life for over one million customers in 800+ communities across the West and Midwest. We seek talented, caring people who embody our core values and contribute to a culture of inclusion and growth. As an organization, we believe the best part of working on our team is our commitment to making tomorrow better than today—for our customers, communities and each other.

The Energy Imbalance Market (EIM) Settlements Analyst supports the financial settlement operations of the California Independent System Operator's (CAISO) Energy Imbalance Market. This role involves validating settlement data, analyzing charge codes, resolving discrepancies, and ensuring compliance with CAISO market rules and procedures.

$71,100 - $106,600 (This posting includes the full pay range for this position. Pay is based on a number of factors and may vary depending on job‑related knowledge, skills, experience, and internal equity.)

Settlements Manager

Rapid City, South Dakota

• Validate Settlement Quality Meter Data (SQMD) used in EIM settlements.
• Analyze and reconcile CAISO charge codes and settlement statements.
• Investigate and resolve settlement disputes with market participants.
• Monitor real‑time market operations and their impact on settlements.
• Support the implementation of new market rules and charge code updates.
• Collaborate with internal teams and external entities to ensure accurate billing.
• Assist in preparing reports for audits, regulatory filings, and internal reviews.
• Maintain documentation and records related to settlement activities.

• Bachelor's degree in Finance, Economics, Engineering, or a related field.
• Minimum of 2 years of experience in energy market settlements or utility finance.

• Experience with CAISO charge codes and settlement processes.
• Understanding of EIM market operations and real‑time dispatch.
• Knowledge of inter‑SC trades and Congestion Revenue Rights (CRRs).
• Ability to interpret and apply regulatory and market documentation.
• Familiarity with CAISO BPMs, Tariff provisions, and settlement systems.
• Organize and prioritize multiple tasks simultaneously.
• Proficiency in Excel, SQL and data visualization tools.
• Excellent written and verbal communication, analytical and problem‑solving skills.

We are a customer, growth and safety focused utility company that is dedicated to our communities. We improve life with energy as an energy partner of choice. Our diverse culture fuels unique perspectives, opening doors to new insights and possibilities. Based in Rapid City, South Dakota, we have over 3,000 employees and serve 1.3 million natural gas and electric utility customers across eight states (South Dakota, Montana, Wyoming, Colorado, Nebraska, Iowa, Kansas, and Arkansas).

Annual discretionary bonuses, 401(k) (6 % company match and up to 9 % company retirement contribution), tuition reimbursement, generous paid time off benefits, including paid holidays and parental leave, company‑paid life insurance and disability benefits (short and long term), an employee assistance program and well‑being benefits, and competitive medical, dental and vision insurance.

Candidates must successfully pass a pre‑employment drug screen and background check. If there is anything that may show up in these reports that may conflict with the position requirements, feel free to contact the Black Hills Energy recruiting team at

Black Hills Energy does not sponsor applicants for work visas. All applicants must be legally authorized to work in the US.

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, or status as a protected veteran. If you require reasonable accommodation, please visit  for more information.