Job Information
Arizona Public Service Energy Analyst II/Senior | Energy Compliance in PHOENIX, Arizona
Energy Analyst II/Senior | Energy Compliance
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Date: Aug 26, 2024
Location: PHOENIX, AZ, US, 85004-3903
Company: APS
Our present and future success depends on the creative and dedicated people of our company who demonstrate the principles outlined in the APS Promise: Design for Tomorrow, Empower Each Other and Succeed Together.
Summary
Energy Analyst II/Senior | Energy Compliance
A key member of the Compliance Department in Finance and Accounting supporting APS Marketing and Trading Floor (natural gas, emissions and power trading operations), working cross-functionally Front-to-Back Office to enable compliance with power trading rules and regulations.
What your day will be like:
1) Conducting Compliance Reviews and audits within APS Marketing and Trading . These reviews and audits will assess whether departmental processes are documented, reviewed, updated regularly, and in compliance with applicable policies, practices, procedures standards, regulatory guidance and laws. The findings and corrective action(s) will be communicated to process owners and management.
2) Investigating and documenting compliance matters
3) Fostering a culture of compliance, by encouraging the reporting of any issue or violation of policy
4) Overseeing timely resolution of policy
5) Serving as the source or contact for internal and external inquiries from various organizations including government agencies, audit firms and industry associations
*Employees in Flex roles are required to reside in Arizona (or NM for Four Corners-based employees). Role types are subject to change based on business need. This position requires to be in office an average of 1x a week.
Preferred Skills
Experience in an energy trading environment, Regulatory/Operational Risk is preferred but not required.
Self-starter skills and competencies are essential for the role
Knowledge of Organized Markets, futures exchange operations, trading, risk management and commodity regulations are preferred but not required.
Ability to read, understand, and communicate complex legal, regulatory, and policy documents and effectively communicate with executive management, and other market participants
Able to provide guidance and support to team to manage compliance and control risks
Proficiency with Microsoft Office Suites
Understanding of energy risk management and related internal controls
Strong research, critical thinking and analytic skills
Demonstrated interpersonal and analytical skills and a willingness to be “hands-on” problem solving
Strong interpersonal skills and team working capabilities
Minimum Requirements
Energy Analyst II
BS degree in Business, Accounting or Finance and 2 years' related experience in financial analysis/reporting or data analytics OR advanced degree in applied data analytics, data science or statistics and prior practical related work experience.
Thorough knowledge of Microsoft Excel, Access, PowerPoint and Word
Energy Analyst Senior
BS degree in Business, Accounting or Finance and 3 years experience in accounting reconciliation, energy billing, or financial reporting; or an equivalent combination of education and experience.
Knowledge of the applied use of energy accounting processes, related auditing techniques, and Generally Accepted Accounting Principles.
Some positions may require experience working with the administration of energy contracts and the development, implementation and maintenance of financial reports and spreadsheets.
Major Accountabilities
1) Provides daily monitoring and reconciliation of trading activity to ensure that control procedures based on FERC, ACC, and Sarbanes Oxley requirements are followed. Ensures that trading activity is conducted under the rules and controls documented in the Enterprise Risk Management Guidelines.
2) Analyzes, prepares, and ensures monthly and quarterly FERC Filings are submitted completely and accurately. Reviews, researches, and ensures that changes in regulatory guidance are adopted appropriately, including any required changes to system functionality and reporting.
3) Assists in the coordination and preparation and documentation of Sarbanes Oxley processes and controls using a risk-based approach. Develops and performs Sarbanes Oxley audit plans to ensure effective operation of controls through periodic testing using generally accepted audit standards.
4) Exercises judgment within broadly defined practices and policies in determining methods, techniques, and evaluating criteria for obtaining results. Serves as a technical resource in developing analysis and interpreting contract parameters/ agreements/ policies to ensure compliance with regulatory and government rules and regulations. May develop specifications/requirements of system enhancements used to develop solutions to data integrity and reporting.
5) With minimal supervision, conducts complex special projects as assigned, demonstrating competency in developing appropriate strategy to complete research and analysis. Depending upon project scope, may perform, participate in, or coordinate project.
6) Assists in the development of procedures and controls to solve complex problems requiring evaluation of a broad range of factors and risks, and may involve trading operations, risk management of trading products, and derivatives. Effectively interfaces and resolves complex issues with departmental staff, other departments, executive management, and internal/external customers to meet project requirements.
7) Utilizes online research sources to track federal and state regulatory decisions and policies, restructuring legislation, California ISO, and business-related issues.
8) Prepares reports, filings, presentations, and various analyses related to special projects and regulatory and industry issues. Identifies trends and issues, provides interpretation and develops recommendations based upon findings.
Export Compliance / EEO Statement
This position may require access to and/or use of information subject to control under the Department of Energy's Part 810 Regulations (10 CFR Part 810), the Export Administration Regulations (EAR) (15 CFR Parts 730 through 774), or the International Traffic in Arms Regulations (ITAR) (22 CFR Chapter I, Subchapter M Part 120) (collectively, 'U.S. Export Control Laws'). Therefore, some positions may require applicants to be a U.S. person, which is defined as a U.S. Citizen, a U.S. Lawful Permanent Resident (i.e. 'Green Card Holder'), a Political Asylee, or a Refugee under the U.S. Export Control Laws. All applicants will be required to confirm their U.S. person or non-US person status. All information collected in this regard will only be used to ensure compliance with U.S. Export Control Laws, and will be used in full compliance with all applicable laws prohibiting discrimination on the basis of national origin and other factors. For positions at Palo Verde Nuclear Generating Stations (PVNGS) all openings will require applicants to be a U.S. person.
Pinnacle West Capital Corporation and its subsidiaries and affiliates ('Pinnacle West') maintain a continuing policy of nondiscrimination in employment. It is our policy to provide equal opportunity in all phases of the employment process and in compliance with applicable federal, state, and local laws and regulations. This policy of nondiscrimination shall include, but not be limited to, recruiting, hiring, promoting, compensating, reassigning, demoting, transferring, laying off, recalling, terminating employment, and training for all positions without regard to race, color, religion, disability, age, national origin, gender, gender identity, sexual orientation, marital status, protected veteran status, or any other classification or characteristic protected by law.
For more information on applicable equal employment regulations, please refer to EEO is the Law poster. Federal law requires all employers to verify the identity and employment eligibility of every person hired to work in the United States, refer to E-Verify poster. View the employee rights and responsibilities under the Family and Medical Leave Act (FMLA).
Arizona Public Service is a smoke free workplace.
Flex Role:
This position is not required to be performed at a specific APS facility as long as adequate technology and a solid ergonomic set up are present. Pending agreement with leadership, employees hired into this role will be able to choose where they prefer to perform their work, but the ultimate decision is the company's. Employees will have two options to choose from:
APS office based: The employee prefers to work most of the time from an APS facility.
Home based: The employee prefers to work most of the time from his/her home.
*Employees in Flex roles are required to reside in Arizona (or NM for Four Corners-based employees). Role types are subject to change based on business need.