Settlement Analyst

Elexon; Greater London; Hybrid; GBP 30,000 - 41,000; Full time

Benefits offered by this job

Bonus

Private medical insurance

Generous pension scheme

Job summary

Elexon is seeking an EMRS Settlement Analyst (Grade 8) to join the EMRS Operations team on a permanent basis. You will support settlement of CfD, CM and RAB schemes, working across finance, settlement data and customer support in a hybrid London-based role.

You will process data feeds, reconciliations, and payments, maintain records, monitor Credit Cover and support service desk activities, with a focus on data accuracy and timely payments.

Qualifications

• Experience in settlements, operational finance or financial operations.
• Excellent numerical accuracy and attention to detail when processing data.
• Strong Microsoft Excel skills and proficiency across Microsoft Office.
• Excellent written and verbal communication skills.
• Ability to independently manage tasks and take ownership through to completion.
• Knowledge of CfD, Capacity Market, RAB or EMR arrangements is desirable.
• Experience using SQL and financial systems such as Sage X3 is desirable.

Responsibilities

• 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 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 data integrity.
• Maintain complex EMR Party aggregation rules and EII exemption requests.
• Support incident and problem management and identify opportunities to improve operational processes.

Skills

Settlements/Operational finance

Excel

Communication skills

Ownership / self-motivation

Data analysis

Tools

SQL

Sage X3

Job description

We’re looking for an EMRS Settlement Analyst (Grade 8) to join our EMRS Operations team at Elexon on a permanent basis.

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

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 completion
• Strong 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.