EMRS Settlement Analyst (12m FTC)

Elexon; Greater London; Hybrid; GBP 32,000 - 39,000; Full time

Benefits offered by this job

Bonus

Private medical insurance

Pension scheme

Job summary

Elexon in London is seeking an EMRS Settlement Analyst (Grade 8) to join the EMRS Operations team on a 12-month FTC. You’ll support the settlement of CfD, Capacity Market and RAB schemes, ensuring timely payments, reconciliations and data integrity.

Work involves data feeds, bank reconciliations, credit positions and incident resolution, with collaboration across LCCC, Ofgem and NESO. The role is hybrid, with 2 days in the London office.

Qualifications

• Experience in settlements, operational finance or financial operations.
• Strong understanding of internal controls, reconciliations and checks and balances.
• Excellent numerical accuracy and data analysis skills.
• Proficient in Microsoft Excel and MS Office.
• Excellent written and verbal communication.
• Ability to manage tasks independently to completion.
• Strong organisational skills with capacity to handle changing workload.
• Desirable knowledge of CfD, Capacity Market or EMR arrangements.
• Desirable experience using SQL and Sage X3.

Responsibilities

• Execute daily settlement and operational finance processes, ensuring EMR charges are accurate and on time.
• Process data feeds, exceptions, payments, invoices, debt and bank reconciliations.
• Maintain and validate EMR customer records for data accuracy and compliance.
• Monitor Credit Cover positions and process payments and Letters of Credit.
• Support annual Pre-qualification Credit Cover collection.
• Produce and analyse daily/monthly reports, resolve discrepancies.

Skills

Settlement experience

Microsoft Excel

Data analysis

Internal controls

Communication

Independent work

Organisational skills

SQL

Sage X3

Tools

Sage X3

Financial systems

Job description

Join Elexon as an EMRS Settlement Analyst, ensuring accurate payments, reconciliations and data for vital energy schemes while growing your skills in an inclusive team.

We’re looking for an EMRS Settlement Analyst (Grade 8) to join our EMRS Operations team at Elexon on a 12-month FTC.

In this role, you’ll support the accurate and timely settlement of the Contracts for Difference (CfD), Capacity Market (CM) and Regulated Asset Base (RAB) schemes. Working across operational finance, settlement data and customer support, you’ll help ensure payments, reconciliations, credit positions and operational processes are completed accurately and within agreed timescales.

You’ll work closely with colleagues and external stakeholders including LCCC, EMR Parties, Ofgem and NESO, contributing to the reliable operation of schemes that play an important role in the GB electricity market.

What you’ll do:

• Execute daily settlement and operational finance processes, ensuring EMR charges are processed accurately and on time
• Process data feeds, exceptions, payments, invoices, debt and bank reconciliations
• Maintain and validate EMR customer records, ensuring data accuracy and compliance
• Monitor Credit Cover positions and process payments and Letters of Credit
• Support the annual Pre-qualification Credit Cover collection process
• Produce and analyse daily and monthly reports, investigating and resolving discrepancies or imbalances
• Provide high-quality support to customers and stakeholders through the EMRS Service Desk
• Work with third-party service providers to support EMRS Metering operations and maintain data integrity
• Maintain complex EMR Party aggregation rules and process Electricity Intensive Industries (EII) exemption requests
• Support incident and problem management and identify opportunities to improve operational processes
• Contribute to compliance and assurance activities including ISAE3402, ISO9001 and ISO27001

What you’ll bring:

• Experience working within a settlements, operational finance or financial operations environment
• Strong understanding of internal controls, reconciliations and checks and balances
• Excellent numerical accuracy and attention to detail when processing and analysing data
• Strong Microsoft Excel skills and wider proficiency across Microsoft Office
• Excellent written and verbal communication skills
• Ability to independently manage tasks and take ownership through to completionStrong organisational skills and the ability to maintain quality across a changing workload
• A proactive, accountable approach to identifying and resolving operational issues
• Knowledge of CfD, Capacity Market, RAB or wider EMR arrangements (desirable)
• Experience using SQL and financial systems such as Sage X3 (desirable)

What’s in it for you:

Salary – £35,400

Excellent benefits including bonus, private medical insurance and generous pension scheme

The opportunity to work within a thriving organisation which can support your growth and development

We operate a hybrid working approach with 2 days in our London office

Our culture

We believe a diverse and inclusive culture allows innovation and creativity to flourish. We are committed to continuously improving our culture for our colleagues and stakeholders. Through our hugely successful Diversity Forum, Mental Health First Aid network and regular programme of activities and events, we celebrate difference and recognise the value of employee wellbeing, which is a consistent outcome from annual employee surveys that we conduct. Likewise, as a community, we like to support each other, and all agree Elexon is a great place to work with a great workspace too!

At Elexon, we want to:

• Provide true equality of opportunity
• Attract and retain diverse talent
• Listen to all voices
• Be representative of the communities we work in
• Be a role model for Diversity and Inclusion in the industry

Elexon together, embracing differences, listening to all voices

Ready to make an impact?

Join us and help shape the future of energy services.