Industry Settlements Team Leader

Yu Energy; Nottingham; On-site; GBP 32,000 - 34,000; Full time

Job summary

A leading energy supplier in the UK, Yu Energy, is seeking an Industry Settlements Team Leader to oversee settlement processes within the UK energy market. The ideal candidate will have proven experience in energy settlements, strong analytical skills, and the ability to lead a team. This permanent, full-time role offers a competitive salary and a range of employee benefits.

Benefits

24 days annual leave + bank holidays

Holiday buy – up to 5 additional days

Day off on your birthday

Employee Assistance Programme

Annual salary review

Learning and development opportunities

Enhanced paternity, maternity and adoption policies

Death in service and critical illness cover

Qualifications

• Proven experience in energy settlements within the UK market.
• In-depth knowledge of industry codes, regulations, and market processes.
• Strong analytical and problem-solving skills.

Responsibilities

• Manage end-to-end industry settlement processes, ensuring accuracy and timeliness.
• Monitor and analyse settlement data to identify discrepancies.
• Build and maintain strong relationships with industry stakeholders.

Skills

Analytical skills

Leadership

Communication

Problem-solving

Education

Experience in energy settlements

Knowledge of industry codes and regulations

Job description

Industry Settlements Team Leader

Department: YUR - 2130 - Industry Settlement

Employment Type: Permanent - Full Time

Location: Nottingham

Reporting To: Head of Billing

Compensation: £32,000 - £34,000 / year

Description

Reports to: Head of Billing

Location: Nottingham NG8 6PY

Working hours: Monday to Friday, 37.5 hours a week

Yü Group Plc is a leading energy supplier in the United Kingdom, committed to providing reliable and sustainable energy solutions to our customers. As we continue to grow and innovate in the dynamic energy sector, we are seeking a highly skilled and experienced professional to join our team as Industry Settlements Manager.

As an Industry Settlements Manager, you will be responsible for overseeing and managing the industry settlement processes within the UK energy market. This role requires a deep understanding of energy market operations, regulatory compliance, and exceptional analytical and leadership skills.

Passionate and motivated people are the power behind our growth so we’re looking to expand our team and you could be part of our success story.

What We Need From Yü

Here’s a taste of what you’ll be doing:

Settlements Management:

• Manage end-to-end industry settlement processes, ensuring accuracy and timeliness in accordance with industry codes and regulations.
• Monitor and analyse settlement data to identify discrepancies, investigate root causes, and implement corrective actions.
• Collaborate with internal teams to streamline processes and optimize settlement performance.
• Lead a team of Settlement advisors to help with settlement performance and reduce our imbalance exposure.
• Manage meter read performance across the whole portfolio (NHH, HH and Gas), minimising our long-term unread meters.
• Responsible for the Gas reconciliation for the Yu Energy Shipper. This includes ensuring all metering and read data is processed with industry timelines, as well as ensuring billing accuracy.
• Be a key part of the transition to Market Wide Half Hourly Settlement, ensuring the set up and implementation of new Settlement processes that related to the programme.

Regulatory Compliance:

• Stay abreast of regulatory changes and industry developments related to settlements and ensure compliance with relevant codes and regulations.
• Provide guidance to the team on regulatory requirements and changes impacting settlement activities.

Stakeholder Engagement:

• Build and maintain strong relationships with industry stakeholders, including Ofgem, Elexon, and other market participants.
• Act as the main point of contact for settlement-related queries and escalations.

Reporting and Analysis:

• Generate and present regular reports on settlement performance, highlighting key metrics and areas for improvement.
• Utilise data analytics tools to identify trends, patterns, and opportunities for process enhancements.

About Yü

If you have what it takes you could be just what we’re looking for…

• Proven experience in energy settlements within the UK market.
• In-depth knowledge of industry codes, regulations, and market processes.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to lead and motivate a team.

Yü Come First

We have a wide range of benefits for our employees including:

• 24 days annual leave + bank holidays
• Holiday buy – up to 5 additional days
• Day off on your birthday
• Employee Assistance Programme
• Annual salary review
• Learning and development opportunities
• Enhanced paternity, maternity and adoption policies
• Yü made a difference Awards
• 3 days additional annual leave if you get married/civil partnership etc.
• Appointment allowance
• Long service recognition
• Refer a friend payment
• Company sick pay (subject to length of service)
• New modern facilities
• Death in service and critical illness cover
• Plus, many more

#YUIndeed

This position does not fulfil the UK Visas & Immigration sponsorship criteria for Skilled Worker, therefore we can only accept applications from candidates who already have an indefinite right to work in the UK.

If you need any reasonable adjustments to help you apply for a role, please let us know and we will see what we can do.