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Pittsburgh, PA, USA

Senior Commercial Analyst

Exus Renewables North America is an independent investment and asset management firm focused on the renewable energy sector (wind, solar, and battery storage). Exus combines comprehensive financial, technical, and operational know-how to provide turn-key investment and asset management solutions to its investors and clients.  We are a growing, global partnership with offices in Europe, North America, and South America.

Exus is seeking a Senior Commercial Analyst whose responsibilities will include the maintenance and management of revenue- centric models that facilitate the distribution of investor reporting and invoicing, as well as the development of automation tools to streamline commercial processes. This position with interface with external clients performing market analyses and reporting on monthly results. Additionally, this role will be involved in contract management of existing contracts, such as Power Purchase Agreements and Swaps, to ensure obligations are satisfied.

Please note: this is an fully onsite role with reasonable flexibility in our Downtown Pittsburgh office. Key Responsibilities:

  • Perform shadow settlements; validate final settlements; communicate with counterparties to facilitate alignment, disputing errors as necessary; and execute invoicing. This includes but is not limited to ISO, hedge, and REC settlements.
  • Collaborate with Accounting on invoicing, payments, and providing revenue reconciliations for monthly reporting.
  • Execute PJM ISO bilateral trade scheduling and support execution of PJM Day-Ahead Scheduling.
  • Draft transaction confirmations (power swaps, REC sales, etc.).
  • Analyze, reconcile, and evaluate the accuracy of confirmations, ensuring proper amounts and Commercial terms.
  • Collaborate with Asset Management and Accounting to deliver investor reporting; investigate, explain, and present budget vs. actual variances as well as the related market analysis.
  • Create, manage, maintain revenue models for reporting to internal and external stakeholders, with the expectation that models will be continually monitored for efficiency and continued improvements.
  • Explain and verify revenue calculation methodologies and financial impacts internally to other departments.
  • Analyze energy market trends to optimize the financial performance of solar, wind and other assets.
  • Read contracts to understand Commercial obligations; record and communicate obligations to Management and Contract Administration.
  • Support the development of new Commercial tools, in Excel and Power BI.
  • Maintain knowledge of ISO rules and proposed changes.
  • Manage REC trading and tracking system activity (PJM GATS, NCRETS, WREGIS, TX REC etc.).


  • Bachelor’s degree in business administration, finance, accounting, economics, or related field.
  • 3-6 years of experience working in the financial or energy industries; experience directly supporting Back-Office functions in wholesale or retail electricity preferred.
  • Experience preparing, reviewing, and auditing complex models in Excel.
  • Proven competence in MS Excel-based modeling, financial planning, and analytics.
  • Knowledge of ISO market operations and settlements, especially in PJM and ERCOT preferred.
  • Knowledge of physical and financial power products; basic derivative knowledge preferred.
  • Basic understanding of energy markets, solar technology, and wind technology.
  • Ability to analyze and extract relevant information within contracts.
  • Ability to extract, manipulate, and summarize large amounts of data.

Benefits:Exus provides many great perks beyond its standard benefit package including:

  • Free Parking as available
  • In-office beverages & snacks and frequent lunches
  • Newly designed office space
  • Office closed between Christmas and New Year

Exus is an Equal Employment Opportunity (EEO) employer actively seeking to diversify the workforce and is committed to a policy of equal employment opportunity. All qualified applicants regardless of race, color, religion, gender, sexual orientation, gender identity, national origin, disability, veteran status, or any other legally recognized protected basis under applicable law, are strongly encouraged to apply.

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