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Settlements Specialist
vor 2 Monaten
Location: Melbourne/Morwell
Job Type: Full Time / on-going
Organisation: SEC
Become part of the solution to climate change, accelerating Victoria's renewable energy transition Join a 'for purpose' government-owned energy company that empowers its people to make a difference Enjoy competitive pay and flexible work/life balance. Do work that makes a difference More action is needed to reduce emissions and manage climate change.
At the SEC, we are building an enterprising and dynamic team to accelerate Victoria's transition to renewables and help achieve Victoria's renewable energy target of 95% by 2035.
We are working together for renewable, affordable reliable energy for all Victorians.
Your role As a Settlements Specialist you will take ownership of managing the settlements function to ensure timely and accurate financial commitments.
In this role, you will collaborate closely with Trading and Risk teams, supporting their operations while ensuring compliance with internal processes and market best practices.
You will also play a key role in maintaining an efficient month-end process, delivering high-quality information for accurate financial reporting.
This role can be based in either our Melbourne CBD office or our regional office located in Morwell.
What you will do Wholesale Trading Settlements: Oversee the entire settlements process, ensuring all transactions are managed efficiently.
This includes verifying energy deals, preparing and reconciling settlement amounts, and ensuring the timely settlement of weekly and monthly energy-related transactions.
You will also manage and validate settlement systems and models. AEMO Prudential & ASX Margining: Calculate, forecast, and execute AEMO prudential requirements for retail operations while assisting with ASX margining validation. Compliance: Identify, monitor, and mitigate operational risks in the settlements function by implementing and documenting effective internal controls, ensuring that risks are adequately communicated and resolved. Systems & Procedures Development: Lead ongoing assessment and enhancement of settlement systems, processes, and procedures, ensuring strict adherence and accurate documentation.
Participate in structured projects and ad-hoc initiatives impacting settlement functions. Relationship Management: Foster strong relationships with internal and external stakeholders, maintaining high levels of professionalism, communication, and customer service Who you are Your capabilities and areas of expertise that matter most for this role are
In-depth knowledge of financial markets, settlement processes, and derivatives, including energy PPAs, environmental products, ASX electricity futures, and OTC trades. Strong analytical and problem-solving skills, with a keen attention to detail. Ability to plan, organise, and prioritise tasks effectively within deadlines. Understanding of basic accounting principles. A degree in Accounting, Economics, Finance, or equivalent Highly Desirable A self-starter who takes personal accountability and ownership of your work, delivering quality results. A collaborative team player who excels in a team-based environment, supporting and encouraging colleagues to achieve their best. Our empowered workforce A career with us means you'll be joining a new and vibrant 'for purpose' government-owned renewable energy company that:
Empowers you to influence how we accelerate Victoria's renewable energy transition and decarbonise our economy. Inspires you through meaningful, challenging work in an environment that encourages leadership and an entrepreneurial spirit. Supports your growth through career advancement and professional development opportunities. Provides hybrid work arrangements, with around 3 days working in Melbourne or Morwell, with flexible work options to meet individual circumstances, providing greater choice and autonomy. About us We have an exciting and ambitious road ahead with a focus on:
Investing in renewable energy and storage projects that accelerate the transition and deliver commercial returns. Supporting households to go all electric to reduce their emissions and energy bills. Building the renewable energy workforce our energy transition requires. We're partnering with industry to transform the energy sector, opening the state up for further innovation and investments in renewables.
This includes an initial $1 billion towards delivering 4.5 gigawatts of power through renewable energy and storage projects – the equivalent replacement capacity of coal-fired power station Loy Yang A, which is set to close in 2035.
We will also play an important role in helping Victorian households to reduce their energy bills and emissions by offering simple and effective solutions to help them switch to electric.
The energy transformation will create thousands of jobs.
The SEC will play a role in attracting and training our future renewable energy workforce, including through the SEC Centre of Training Excellence.
How to Apply We strongly encourage applications from Aboriginal and Torres Strait Islander people.
We are also deeply committed to building an inclusive workplace that embraces diversity and people with disability, people from the LGBTIQ community, and people from culturally diverse backgrounds.
We strive to create a respectful and collaborative workplace culture that allows all employees to thrive.
Confidence can sometimes hold us back from applying for a job, but we recognise that there's no such thing as a 'perfect' candidate.
At the SEC we offer more than a job.
We provide a platform for growth, encouraging you to bring your whole self to your role.
However, you identify and whatever your background, please apply if this is a role that excites you.
For further information and to explore this opportunity further please contact
We are a 2024 Circle Back Initiative Employer – we commit to respond to every applicant.
Please click the 'Apply Now' button.
As part of the application process, you will need to provide a copy of your resume and/ or a cover letter (optional) addressing how your skills, knowledge and experience will be relevant to this role.
Applications close on C.O.B of Wednesday 23 October 2024
Other things to know Applicants must be an Australian citizen, permanent resident or hold a valid work permit to be eligible to apply. To receive this information in an accessible format (such as large print or audio) or if you require any reasonable adjustments during the recruitment process, please reach out to The SEC affirms that the collection and handling of applications and personal information will be consistent with the requirements of the Privacy and Data Protection Act 2014
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