Settlements Account Analyst

Houston Texas | AccountingAt Talen Energy Reporting to the Manager, Commercial Accounting and Settlements, we are seeking a motivated and experienced accounting/settlements professional to join our Commercial Accounting and Settlements team in Houston, Texas.This role is a critical part of the Accounting and Finance organization and is responsible for accounting, settlement, reporting, and analytical activities supporting Talen Energy's commercial and energy marketing operations. The position offers broad exposure to energy markets, commercial transactions, financial reporting, regulatory requirements, and cross-functional business processes.The successful candidate will develop deep expertise in assigned business areas and will work closely with Commercial, Accounting, Treasury, Legal, Information Technology, and other cross-functional teams. This individual will also play an active role in strengthening internal controls, improving processes, and supporting evolving business needs.How You’ll Power the FutureAt Talen Energy, your work directly supports safe, reliable power generation. In this role, you’ll move beyond day‑to‑day contributions to drive meaningful change by:Monthly Accounting Close and SettlementsOwn key components of the monthly accounting close for physical and financial wholesale power, natural gas, and fuel transactions, including the preparation, review, and recording of journal entries.Perform settlement activities for wholesale and retail power, natural gas, and fuel transactions, ensuring accurate and timely billing and accounting.Partner with counterparties and internal stakeholders to investigate and resolve billing discrepancies, settlement issues, and past-due receivables.Review and analyze contracts to understand commercial terms, settlement requirements, and accounting implications.Prepare and analyze balance sheet account reconciliations and period-over-period fluctuations, identifying key drivers and clearly communicating results to management.Prepare weekly cash forecasts to support Treasury's liquidity planning and cash management activities.Develop, document, and continuously improve procedures and controls to ensure accounting and settlement activities are completed accurately and on schedule.Quarterly Reporting and Regulatory ResponsibilitiesPrepare quarterly balance sheet fluctuation analyses, identify significant period-over-period changes, and present findings to management.Prepare supporting schedules, workpapers, and documentation in response to quarterly audit requests.Assist with the preparation and review of FERC Electric Quarterly Report (EQR) filings and other regulatory reporting requirements.Collaborate with Accounting, Commercial, Treasury, Legal, and other business functions to ensure financial and regulatory reporting is accurate, complete, and timely.Cross-Functional CollaborationWork closely with Contract Administration, Front and Middle Offices, Accounting, Financial Reporting, Settlements, Treasury, Credit, Information Technology, Legal, and other business partners to compile, analyze, and communicate financial and operational information.Build strong working relationships across the organization to resolve issues, support business initiatives, and improve the flow of information between Commercial and Accounting teams.Process ImprovementIdentify and implement opportunities to streamline processes, improve controls, increase efficiency, and promote best practices across accounting and settlement activities.Support system enhancements, new business initiatives, and other projects that impact Commercial Accounting and Settlements.Audit SupportServe as a point of contact for assigned audit requests and work directly with internal and external auditors to provide supporting documentation, explain processes, and resolve questions in a timely manner.What You HaveMinimum RequirementsBachelor's degree in Accounting, Finance, or a related field required.Two or more years of progressive experience in the energy, power generation, or related industry preferred.Strong analytical and problem-solving skills, with an ability to identify issues, evaluate alternatives, and drive solutions.Ability to understand complex concepts and clearly communicate key conclusions to a variety of audiences.Strong written and verbal communication skills, including the ability to prepare reports and present ideas clearly and concisely across all levels of the organization.Motivated, self-directed, and results-oriented, with a strong sense of ownership and accountability.Preferred QualificationsDemonstrated commitment to integrity, accuracy, and achievement of departmental and business objectives.Strong interpersonal skills and the ability to collaborate effectively across functional teams.Ability to manage multiple responsibilities, prioritize competing demands, and deliver high-quality work under compressed timelines.Ability to succeed in a fast-paced, evolving business environment.Proficiency in Microsoft Office, with advanced Excel skills, including PivotTables, lookup functions, and complex formulas.Experience with organized power markets, including PJM and ERCOT, preferred.Experience working with databases and performing basic SQL queries is a plus.Why Talen Energy?Power the FutureTalen Energy is one of the largest competitive energy and power generation companies in North America. We operate power plants that use diverse fuel sources in the most attractive wholesale power markets and sell energyto wholesale and retail customers in selected competitive markets. Our passion for excellence grows value through safe and efficient operations. We have an inclusive, diverse, respectful, and collaborative workplace, and a strong commitment to innovation, teamwork, and integrity. We generate energy for a brighter tomorrow.CollaborationOur passion for excellence grows value through safe and efficient operations. We have an inclusive, diverse, respectful, and collaborative workplace.Talen Energy offers an exceptional benefits program to its employees. Benefits include comprehensive health, dental, vision, prescription plans, life insurance, and disability insurance. In addition, employees are eligible to participate in Talen Energy’s 401(k) plan. Talen Energy also provides competitive vacation and sick time to its employees.We are committed to providing a safe, drug and alcohol-free workplace. Consistent with applicable law and any collective bargaining agreements, positions may be subject to pre-employment, random, post-accident, and reasonable suspicion drug and alcohol testing.Talen Energy is an equal opportunity, affirmative action employer dedicated to diversity and the strength it brings to the workplace. All qualified applicants will receive consideration for employment without regard to race, color, age, sex, religion, national origin, veteran status, sexual orientation, genetic information, gender identity, disability, perceived disability or any other protected characteristic as may be defined by applicable law.If you need assistance with the application process, please email us at View email address on click.appcast.io note that roles supporting Talen Energy’s nuclear facilities are subject to rigorous background investigation and security clearance requirements consistent with federal regulatory standards.Note to Search Firms and Recruitment AgenciesTalen Energy is committed to fostering direct engagement with prospective candidates and managing our recruitment activities internally. From time to time, Talen Energy and its companies partner with select executive search firms and recruitment agencies under formal, written agreements aligned to specific business needs.Talen Energy does not accept unsolicited resumes or candidate submissions from search firms or agencies without a current fully executed agreement authorized by an appropriate company representative. Any candidate information submitted in the absence of such an agreement will be considered the property of Talen Energy, and neither Talen Energy nor its subsidiaries will be obligated to pay any fees or compensation related to those submissions.#LI-EF1Note: You will have an opportunity to add attachments to your application. Please use this opportunity to upload your resume, cover letter, and any relevant documents .SummaryLocation: Houston, TXType: Full time