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Settlements Analyst

Location: Rapid City, SD, United States
Job ID: 34389
Date Posted: Sep 20, 2022
Salary: $60350 to $90600 annually

Job Description

Job Specifications

In this important role the Energy Forecasting Analyst will support the load forecasting and margin accounting responsibilities for Generation Dispatch and Power Marketing (GDPM). You will also perform load forecasting for the electric utilities and update generating unit availability as required.

SALARY RANGE:  $60,350 - $90,600 (Determined by the knowledge, skills and abilities of the applicant.)

REPORTING RELATIONSHIP:   Manager of Market Analytics and Systems

LOCATION: This position is located at our Company Headquarters in Rapid City, South Dakota.    

  • Relocation financial assistance is available amount may vary based on individual circumstances.


  • Use PowerOptix to perform the daily shadow settlement process of comparing and reconciling the SPP settlement settlements to the independently calculated shadow settlement of BHE’s SPP WEIS transactions.
  • Analyze charges, credits, pricing, losses, and all other settlement calculations used by the SPP WEIS
  • Identify and research discrepancies to resolve differences or submit to SPP for resolution.
  • Review and analyze variances between load forecast and actual loads for the purpose of adjusting forecast models, validating settlements, and/or reporting and intuitively explaining variances.          
  • Update and maintain GDPM margin reports as required.
  • Review and analyze marketing margin for the purpose of adjusting and allocating costs and sales revenue while managing the resource merit stacking mechanism to maximize utility revenue.
  • On monthly basis, research and communicate to front office and management on load changes related to weather, customers, unaccounted for energy, losses, load profiling methods, forecasting methods, and econometric impacts.


  • Prepare and maintain Generation Dispatch and Energy Management Agreement (GDEMA) Firming reports daily.
  • Assist department personnel in analyzing market and load data to support marketing decisions.
  • Analyze and interpret company financial and statistical data used in studies to analyze the generation resources.


  • Minimum (2) two years of electrical utility experience required. 
  • Bachelor’s degree in Business, Mathematics, Engineering, Statistics, Economics or related field or equivalent combination of education and experience required. 


  • Energy load forecasting experience.
  • Statistics and forecast modeling experience.
  • Understanding of electrical utility wholesale marketing functions.
  • Understanding of electric utility planning and operating methods.
  • Strong organizational skills, attention to detail and the ability to prioritize and complete multiple projects in a timely manner.
  • Highly proficient in computer applications including all Microsoft Office products.
  • Strong analytical and decision-making skills; sound judgment and ability to maintain strict confidentiality of business information.
  • Ability to work in a team setting, across functional areas to develop information based on prepared forecasts.
  • Demonstrated ability to perform well under pressure and adjust to changing priorities while maintaining a high level of accuracy and attention to detail.
  • Research and analysis skills including the ability to obtain relevant data, evaluate complex situations, develop creative alternatives, provide recommendations, and negotiate and influence outcomes.

The mental and physical descriptions are representative of the activities an employee in an office job performs. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Mental description: Understand, remember, apply oral and/or written instructions or other information, and communicate routine factual information. Apply common sense in performing job functions, usually within a set of rules or guidelines.

While performing the duties of this job, the employee continuously accesses, inputs, and retrieves electronic information and communicates regarding the information.  Employee frequently moves about the office space. Employee must be able to operate routine office equipment including computers and similar equipment. Must be able to routinely perform this work for an average of 6-8 hours per day and occasional extended hours as necessary. Must be capable of regular, reliable, and timely attendance.

Specific lifting abilities required by this job include: Sedentary work. Exerting up to 10 pounds of force occasionally and/or negligible amount of force frequently or continuously to lift, carry, push, pull or sitting most of the time. Jobs are sedentary if moving about is only occasionally and all other sedentary criteria are met.

Work environment:  Routinely perform work indoors in climate-controlled shared work area with moderate noise level. Willing to travel occasionally (less than 10 days per year) by automobile (as driver and passenger), commercial airlines, rental vehicles and public transportation and be able to lodge in public facilities. Must have proper licensing to operate a motor vehicle.

This description is not intended to be an all-inclusive list of responsibilities, duties, and requirements for employees in this position. Job descriptions may and do change periodically. Where positions are covered by a collective bargaining unit agreement, the terms and conditions of the agreement will apply.

About our Company: 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 3000 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).

Enjoy our Comprehensive Benefits Package!  Annual incentive program, 401(k) (6% company match and up to 9% company retirement contribution), tuition reimbursement, paid time off, additional Veteran PTO, paid holidays and annual floating holidays, company paid short term and long term disability, paid parental leave, health and wellness program, and competitive medical, dental and vision insurance.

Candidates must successfully pass a pre-employment drug screen and background check. 

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.

Wage: 60350 to 90600
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Rapid City, South Dakota
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Settlements Analyst

Rapid City, SD, United States