Settlements Officer

2 weeks ago

Sydney, Australia Snowy Hydro Full time

**About Snowy**:
Snowy Hydro is a dynamic, integrated energy business that has been providing on-demand, reliable energy to Australia for generations. Snowy Hydro owns and operates a powerful combination of generation assets, including the mighty Snowy Mountains Scheme, gas and diesel plants, and contracted wind and solar energy. We also provide electricity and gas to over 1 million retail customers through our retail brands Red Energy and Lumo Energy. Snowy 2.0 is Australia's largest committed renewable energy project. This nation-building project will provide on-demand energy and large-scale storage for many generations to come.

**About the position**:
Are you a meticulous and proactive individual ready to play a vital role in our energy trading operations? We are seeking a detail-oriented Settlements Officer to ensure the accurate and timely settlement of diverse electricity trading and treasury activities. If you thrive in a fast-paced, detail driven environment and are eager to contribute to the efficiency of our trading function, this is the perfect opportunity for you.

**Key Responsibilities**:

- Generate and meticulously review standard and complex trading contract confirmations, ensuring strict adherence to contract terms.
- Review counterparty contracts, verifying all critical details.
- Champion the continuous improvement of our procedures through regular reviews and updates.
- Become the go-to person for resolving counterparty invoice & documentation enquiries with professionalism and efficiency.
- Accurately reconcile daily futures trades and monitor liquidity.
- Calculate, verify, and record all futures-related fees, charges, and P&L on a quarterly basis.
- Manage weekly OTC billing, generating and dispatching invoices to counterparties.
- Play a key role in treasury settlements, checking and approving a variety of transactions within the Reval Treasury system.
- Provide crucial support for internal and external audit requests across both trading and treasury functions.
- Maintain a keen awareness of trading patterns, proactively identifying and escalating any potential irregularities.
- Partner with IT to identify and test system enhancements for our Snowy Hydro Trading System.

**About you**:

- Proven experience in settlements, contract administration, or similar role (experience within the energy sector would be highly regarded).
- A strong eye for detail and exceptional accuracy in handling complex data.
- Excellent organisational and time management skills, with a demonstrated ability to manage multiple priorities and meet tight deadlines.
- Strong analytical and problem-solving abilities, with the capacity to interpret complex contractual arrangements.
- Effective verbal and written communication skills, enabling you to liaise confidently with internal and external stakeholders.
- A proactive and adaptable approach, with a willingness to learn and navigate evolving systems and processes.
- Familiarity with financial trading systems (experience with Reval or similar treasury systems would be highly regarded).
- Proficiency in Google and Microsoft Suite (experience with advanced Sheets/Excel functions would be advantageous).

**Diversity and inclusion is important to us**:

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