Trading Operations Manager Jobs in Minneapolis, MN

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Full Time Bloomington, MN, US

2 days ago Requisition ID: 1132

Salary Range: $130,000.00 To $155,000.00 Annually

Position

Manager, Trading Operations & Settlements

Location

Bloomington, MN (HQ)

About Us

Geronimo Power develops, owns, and operates large-scale power and affiliated digital infrastructure projects throughout America's Heartland, including solar, wind, energy storage, and powered data parks. As a farmer-founded and community-focused business, Geronimo Power equips landowners and rural communities with sustainable revenue to ignite local economic growth. To learn more about Geronimo Power, visit www.geronimopower.com or follow the company on LinkedIn.

About This Role

Geronimo Power continues to grow at a rapid rate and is creating a dedicated Trading Operations & Settlements function to support the scale, complexity, and control requirements of its expanding energy trading platform. Reporting to the Controller, the Manager, Trading Operations & Settlements will help build this function within Accounting, improving current-state handoffs between Trading, Risk Management, Asset Management, Accounting, and Compliance while establishing disciplined processes, reliable settlement and billing workflows, and management‑ready reporting.

This role is ideal for a hands‑on leader who can design scalable operating routines, strengthen controls, partner across commercial and finance teams, and bring structure to a growing trading environment. The Manager will serve as a key functional owner for settlement operations, billing and invoice validation, credit, and collateral processes, ETRM workflow readiness, environmental product activity, and reporting governance.

Responsibilities

• Build and lead the Trading Operations & Settlement function within Accounting, creating the processes, controls, documentation, and reporting routines needed to support a growing trading desk.
• Improve current‑state handoffs between Trading, Risk Management, Asset Management, Accounting, and Compliance by defining clear workflows, ownership, escalation paths, and close timelines.
• Lead shadow settlements, invoice validation, dispute management, billing support, and payment coordination to ensure trading activity is settled and allocated accurately for the month‑end close.
• Own the monthly true‑up to daily P&L reported by Risk Management and ensure variances, exceptions, and adjustments are documented and escalated appropriately.
• Partner with Accounting on accruals, cash forecasting, collateral calls, liquidity planning, audit support, and other financial reporting requirements related to trading activity.
• Support counterparty credit and collateral management processes, including exposure tracking, collateral requirements, credit support documentation, margin/collateral call coordination, and escalation of material exposure or liquidity changes.
• Manage REC registry and environmental product activities, including certificate transfers, retirements, reconciliations, inventory tracking, and related billing or settlement requirements.
• Serve as a key business owner for ETRM workflows and future system enhancements, helping further automate billing and settlement activities, trade capture controls, credit and collateral workflows, environmental product tracking, and allocation of P&L.
• Establish procedures, metrics, and governance routines for settlement operations, billing processes, exception management, internal controls, registry activity, and management reporting.
• Prepare recurring management‑ready reporting on settlement status, billing completeness, open disputes, exposure/collateral items, registry activity, close deadlines, and key operational risks.
• Support internal control readiness, audit requests, documentation standards, and process improvement initiatives connected to trading activity and month‑end close.

What You’ll Bring

Experience & Education

• Bachelor’s degree in Accounting, Finance, Economics, Business, Energy Management, or related field.
• 7+ years of experience in energy trading operations, market settlements, energy accounting, regulatory reporting, commodity operations, or related commercial support functions.
• Experience improving processes in a trading, asset management, commodity, or energy operations environment.

Technical & Business Expertise

• Strong understanding of ISO/RTO market settlement processes, including exposure to PJM, MISO, SPP, ERCOT, or other North American power markets.
• Experience with ETRM systems such as OATI, Allegro, Hitachi, PCI, or similar platforms.
• Deep understanding of settlement processes, invoicing, collateral management, energy accounting, operational controls, and transaction lifecycle management.
• Strong analytical, problem‑solving, organizational, and communication skills, with the ability to explain complex operational, settlement, and financial issues clearly to management.
• Advanced Excel and reporting skills; experience developing reconciliations, variance analyses, dashboards, or other structured operating reports.

Preferred Qualifications

• Experience supporting or leading ETRM implementations, settlement automation initiatives, operational transformations, or internal control / SOX‑readiness efforts.
• Experience leading operational teams, developing processes, implementing systems, managing reconciliations and controls, and driving cross‑functional initiatives.
• Familiarity with CFTC compliance requirements and related regulatory reporting obligations for commodity trading activity.
• Familiarity with GAAP requirements, accounting close processes, audit support, and financial reporting controls related to trading activity.
• Experience with REC registries, environmental attributes, renewable energy certificates, or related inventory and settlement workflows.

Success in This Role Looks Like

• The Trading Operations & Settlements function has clear ownership, documented workflows, reliable close routines, and effective cross‑functional handoffs.
• Settlement, billing, and invoice validation processes are timely, accurate, well controlled, and supported by consistent reporting.
• Daily P&L to monthly close true‑ups are completed with clear variance explanations and documented support.
• Credit, collateral, and exposure items are actively monitored, escalated, and coordinated with Finance, Risk Management, and Accounting.
• REC registry and environmental product activities are accurately tracked, reconciled, and reflected in related billing or settlement requirements.
• ETRM workflows and process enhancements improve automation, control discipline, and scalability as trading activity grows.
• Internal stakeholders view the function as a dependable partner that improves visibility, accountability, and management readiness.

What You’ll Get

• Competitive compensation and performance‑based incentives
• Comprehensive health, dental, and vision coverage
• Paid time off and holidays
• Tuition assistance and ongoing professional development
• Employee assistance program (EAP) and wellness resources
• Pet insurance and employee discount programs

Pay Range for the posted level: $130,000 - $155,000 plus target annual bonus opportunity of 25%. Actual compensation may vary based on experience, skills, and demonstrated market‑relevant expertise

Our Commitment

Geronimo Power is committed to building a diverse, inclusive, and high‑performing workplace where employees feel valued, supported, and energized to do their best work. We believe strong teams and strong communities drive better outcomes.

We are proud to be an Equal Opportunity Employer and provide equal employment opportunities to all qualified applicants.