Structured Power Back Office Analyst
TotalEnergies · Houston, TX
- On site
- Full-time
- $95,000 / year
- Houston, TX
Job highlights
- Process confirmations, invoices, and payments accurately.
- Reconcile trading book entries and verify exchange data.
- Manage daily checks on positions and transactions.
- Support U.S. power markets and regulatory obligations.
- Automate workflows and improve processes using IT skills.
About the role
Job Overview
This role operates in a fast-paced trading environment where the jobholder must be able to work both independently and as part of a team. Maintaining strong communication with internal departments and external counterparts while meeting industry and contractual deadlines is crucial. Reconciling discrepancies and resolving counterparty issues requires proactively seeking the information needed to solve problems effectively. In addition, reporting and monitoring obligations under the Dodd-Frank Act, the Sarbanes-Oxley Act, and other regulatory requirements demand a high level of diligence and attention to detail.
Key Activities
The role requires accurate and timely processing of confirmations, invoices, and payments in accordance with legal agreements, as well as ensuring all Power and REC deal entries in the trading book are correct and verified against exchange data. It involves performing daily checks on open positions and transactions across brokers, exchanges, and clearers, with the ability to identify errors during trade verification and perform manual calculations when necessary. Strong communication with both internal teams and external counterparties is essential to support smooth operations and resolve issues efficiently.
Financial Scope
The Back Office processes approximately 250,000 confirmations and 35,000 invoices and payments each year. Trading Division counterparties include upstream and downstream affiliates as well as major energy companies across Europe, the U.S., the Middle East, and Asia, along with clearing houses representing more than 12.9 billion USD in turnover.
Non-Financial Scope
Work within Back-Office operations in Houston, supporting both TGPNA and TGPL activities. Operate across U.S. power markets—wholesale and retail—including ERCOT, PJM, CAISO, MISO, SPP, Renewable Energy Certificates, and HRCO activities. Provide support and testing for ongoing system developments and assist with onboarding new systems, processes, and products. Participate in regular internal and external audits and meet all regulatory obligations.
Key Responsibilities
- Serve as the primary point of contact for the Power Trading Desk and Energy Data Management team, addressing operational and invoicing inquiries.
- Perform daily, weekly, and monthly power reconciliations using advanced SQL, Python, and data-transformation techniques.
- Build, maintain, and automate reconciliation workflows and reporting tools using Excel (advanced formulas, VBA), Power BI, and Python.
- Produce all required reports and statements supporting physical power activities across ERCOT, PJM, CAISO, and SPP in both wholesale and retail markets.
- Manage a portfolio of Power, REC, and HRCO trading counterparties and ensure accurate deal capture in the BOOK, PowerOptix, and ISO systems.
- Confirm trades daily with brokers and counterparties, validate trader deal sheets, and ensure timely Dodd-Frank reporting for financial Power and REC OTC trades via ICE Trade Vault.
- Issue invoices within contractual and industry deadlines, reconcile counterparty invoices, and resolve pricing or volume discrepancies with Front and Middle Office.
- Coordinate settlements, provide payment instructions and cash-flow forecasts to Treasury, and support Accounting with aged-debt resolution and accrual analysis.
- Apply payment terms and netting rules in Simba and Contract Management systems and prepare settlement statements in Simba SMS.
- Review, distribute, and track all Power/REC/Swap/HRCO confirmations, ensuring timely follow-up on outstanding items.
- Support onboarding of new counterparties and perform detailed contract reviews for Power, HRCO, and REC agreements.
- Assist internal teams and external partners with Back Office inquiries and participate in projects assigned by the Back Office Manager or Supervisor.
- Mentor junior team members, run management reports, and perform ad-hoc analyses.
- Identify process and system improvements, support testing and implementation, and communicate operational risks with recommended mitigation measures.
- Conduct revenue and cost variance analyses to identify trends, billing discrepancies, forecast issues, and transaction anomalies.
- Generate monthly gross-margin estimates and reconcile them against actuals through initial, final, and true-up settlement cycles.
- Reconcile Virtual Power Purchase Agreement (VPPA) swaps and ensure Dodd-Frank compliance.
- Monitor Renewable Energy Certificates (RECs) from confirmation through settlement across all North American markets.
- Process daily and monthly reconciliations for Battery Energy Storage System (BESS) activity in ERCOT and ensure timely actualizations for invoicing.
Candidate Profile
- Undergraduate degree in Accounting, Finance, Mathematics, Energy, or a business-related field.
- Three to five years of experience in the power markets—both wholesale and retail—with a strong emphasis on data analysis.
- Experience with Power BI and automation tools such as Alteryx or similar platforms.
- Experience working with large structured datasets and developing scalable data models.
- Advanced programming and data-engineering skills, including: SQL: complex queries, stored procedures, data modeling; Python: data manipulation, automation, analytics; Excel: expert-level skills including VBA macros, Power Query, and advanced modeling.
- Strong understanding of the North American power industry.
- Required knowledge of energy-commodity markets.
- Ability to work under pressure with strong attention to detail, adaptability, and a focus on innovation and change management.
- Effective communication skills and a customer-service mindset.
- Strong drive to improve processes and systems, supported by excellent IT skills (Excel, VBA, Power BI, Alteryx). The role may require developing new tools to secure and optimize processes and creating new reports to support evolving business needs.
Additional Information
TotalEnergies valorise la diversité, promeut le développement individuel et offre des opportunités d'emploi égales à tous les candidats.
Key skills/competency
- Power Markets
- Back Office Operations
- Data Analysis
- SQL
- Python
- Excel VBA
- Power BI
- Reconciliation
- Regulatory Compliance
- Energy Trading
Skills & topics
- Structured Power Back Office Analyst
- Back Office
- Power Trading
- Reconciliation
- Data Analysis
- SQL
- Python
- Excel VBA
- Power BI
- Energy Markets
- Trading Operations
- Regulatory Compliance
- Financial Operations
- Houston
- TotalEnergies
How to get hired
- Tailor your resume: Highlight your experience in power markets, data analysis, SQL, Python, Excel VBA, and Power BI.
- Showcase your skills: Emphasize your ability to work under pressure, attention to detail, and customer service mindset.
- Prepare for technical questions: Be ready to discuss your experience with reconciliation, automation tools, and regulatory compliance.
- Demonstrate cultural fit: Research TotalEnergies' values and commitment to diversity and individual development.
- Follow application instructions: Submit your application through the official TotalEnergies careers portal.
Technical preparation
Behavioral questions
Frequently asked questions
- What is the primary focus of the Structured Power Back Office Analyst role at TotalEnergies?
- The Structured Power Back Office Analyst at TotalEnergies is responsible for accurate and timely processing of confirmations, invoices, and payments, ensuring trading book entries are correct, and performing daily checks on positions and transactions within the U.S. power markets.
- What technical skills are essential for this Structured Power Back Office Analyst position?
- Essential technical skills include advanced SQL for complex queries and data modeling, Python for data manipulation and automation, expert-level Excel with VBA macros and Power Query, and experience with Power BI and automation tools like Alteryx.
- What kind of experience is required for the Structured Power Back Office Analyst role at TotalEnergies?
- Candidates need three to five years of experience in the power markets (wholesale and retail), with a strong emphasis on data analysis, working with large structured datasets, and developing scalable data models.
- How does the Structured Power Back Office Analyst contribute to regulatory compliance at TotalEnergies?
- The analyst ensures timely Dodd-Frank reporting for financial Power and REC OTC trades and participates in regular internal and external audits, meeting all regulatory obligations.
- What is the expected work environment for this Structured Power Back Office Analyst role?
- The role operates in a fast-paced trading environment requiring independent work and teamwork, strong communication with internal and external parties, and a high level of diligence and attention to detail.
- How can I demonstrate my understanding of the North American power industry for this role?
- Showcase your knowledge through specific examples of working with U.S. power markets such as ERCOT, PJM, CAISO, MISO, SPP, and Renewable Energy Certificates in your resume and during the interview.
- What are the key financial responsibilities of the Structured Power Back Office Analyst?
- Key financial responsibilities include processing a high volume of confirmations and invoices, managing payments, coordinating settlements, and supporting accounting with aged-debt resolution and accrual analysis.
- Does TotalEnergies offer opportunities for process improvement in this Structured Power Back Office Analyst role?
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