Settlement Specialist

Valda Energy Limited; Bicester; On-site; GBP 17,000 - 28,000; Full time

Benefits offered by this job

Company annual bonus

25 days annual leave + bank holidays

Private Medical Insurance

The Grid platform access

Life Insurance

Employee Assistance Programme

Snacks and lunch in office

Pension salary sacrifice 5% match

In-house learning & development

Refer a friend scheme

Job summary

Valda Energy Limited in Bicester seeks a Settlement Specialist to ensure accurate, timely settlement of energy market transactions and related financial processes. You will work with Commercial, Finance and Operations to capture, settle, reconcile and reflect data in financial systems.

You will investigate discrepancies, liaise with Elexon and market participants, and analyse large datasets to support month-end close and regulatory compliance. Strong Excel and data skills are essential.

Qualifications

• Experience in settlement, billing, operations or a data-driven analytical role
• Strong reconciliation and data investigation skills, with the ability to analyse and interpret large datasets and resolve discrepancies
• Knowledge of UK electricity and/or gas settlement arrangements, with an understanding of Elexon processes and market performance obligations (Desirable)
• Experience working with industry agents, market participants or external partners, with the ability to build effective stakeholder relationships (Desirable)
• Strong analytical, numerical and problem-solving skills, with excellent attention to detail and a high level of accuracy
• Proficiency in Microsoft Excel and data analysis tools, with experience developing reports, dashboards or management information

Responsibilities

• Working closely with Commercial, Finance, Operations and external market participants to ensure energy transactions are accurately captured, settled, reconciled and reflected in financial systems
• Performing daily, weekly, monthly and annual settlement activities across relevant energy markets, ensuring accurate and timely processing
• Investigating and resolving settlement discrepancies, rejected transactions, exceptions and data quality issues, escalating material financial or operational risks where appropriate
• Liaising with Elexon, market operators, network companies, suppliers, generators, brokers, partners and other counterparties to manage settlement performance and resolve issues
• Maintaining a strong understanding of electricity and/or gas settlement arrangements, market rules, contractual obligations and regulatory requirements to ensure ongoing compliance
• Analysing large datasets, including energy volumes, meter readings, market charges and imbalance costs, using spreadsheets, databases and settlement systems to perform calculations and reconciliations
• Identifying opportunities to improve data quality, strengthen controls, automate manual processes and reduce errors, while supporting customer onboarding, system testing and the implementation of new settlement processes
• Developing and maintaining settlement reports, dashboards and accurate audit trails, supporting financial reconciliations, month-end and year-end close, audits, and the ongoing review of settlement procedures and controls

Skills

Settlement experience

Data analysis

Advanced Excel

Stakeholder management

Tools

Excel

Job description

The Energy Revolution

Valda Energy is a dynamic and rapidly growing energy supplier based in Bicester, committed to driving business success through smart, reliable energy solutions. Established in 2019 by industry experts, we bring together a diverse combination of talent to foster continuous sustainable growth. We challenge the existing marketplace with our leading, tech-driven, and customer-focused approach. Our passion for innovation and dedication to exceptional service sets us apart.

At Valda Energy, we live by our core values: communicate, collaborate, own it, embrace change, and put the customer first. We believe that our people are our greatest asset, and we are dedicated to fostering a supportive and evolving culture. From introducing new benefits to offering structured training opportunities and hosting frequent social events, we ensure our employees thrive.

How you will Energise Our Team

The Settlement Specialist is responsible for the accurate, timely and efficient settlement of energy market transactions and related financial processes. The role involves validating trading and operational data, managing settlement calculations, investigating discrepancies, resolving exceptions and ensuring that financial and regulatory obligations are met.

Your day-to-day responsibilities will include but not be limited to:

• Working closely with Commercial, Finance, Operations and external market participants to ensure energy transactions are accurately captured, settled, reconciled and reflected in financial systems

• Performing daily, weekly, monthly and annual settlement activities across relevant energy markets, ensuring accurate and timely processing

• Investigating and resolving settlement discrepancies, rejected transactions, exceptions and data quality issues, escalating material financial or operational risks where appropriate

• Liaising with Elexon, market operators, network companies, suppliers, generators, brokers, partners and other counterparties to manage settlement performance and resolve issues

• Maintaining a strong understanding of electricity and/or gas settlement arrangements, market rules, contractual obligations and regulatory requirements to ensure ongoing compliance

• Analysing large datasets, including energy volumes, meter readings, market charges and imbalance costs, using spreadsheets, databases and settlement systems to perform calculations and reconciliations

• Identifying opportunities to improve data quality, strengthen controls, automate manual processes and reduce errors, while supporting customer onboarding, system testing and the implementation of new settlement processes

• Developing and maintaining settlement reports, dashboards and accurate audit trails, supporting financial reconciliations, month-end and year-end close, audits, and the ongoing review of settlement procedures and controls

The Spark we're Looking For

• Experience in settlement, billing, operations or a data-driven analytical role, ideally within the energy industry

• Strong reconciliation and data investigation skills, with the ability to analyse and interpret large datasets and resolve discrepancies or exceptions

• Knowledge of UK electricity and/or gas settlement arrangements, with an understanding of Elexon processes and market performance obligations (Desirable)

• Experience working with industry agents, market participants or external partners, with the ability to build effective stakeholder relationships (Desirable)

• Strong analytical, numerical and problem-solving skills, with excellent attention to detail and a high level of accuracy

• Proficiency in Microsoft Excel and data analysis tools, with experience developing reports, dashboards or management information

• A good understanding of financial controls and reporting processes, with the ability to manage multiple priorities and meet deadlines

• A proactive, collaborative and continuous improvement mindset, with experience supporting process automation, system changes or industry initiatives (Desirable)

Perks that Power Your Journey

• Annual Salary up to £28k

• Company annual bonus scheme

• 25 days of annual leave plus bank holidays, a length of service award increasing up to 30 days, plus an extra day off during your birthday month

• Private Medical Insurance with Vitality Health

• Access to The Grid, our employee engagement and rewards platform, giving you exclusive discounts at hundreds of retailers, wellbeing resources, recognition tools, and more

• Life Insurance policy, providing coverage at four times your salary

• Employee Assistance Programme offering confidential support and guidance

• Enjoy an array of complimentary snacks, drinks, and lunch options in our office

• Salary sacrifice pension scheme where we will match contributions up to 5%

• In-house learning and development team devoted to nurturing your talent, unlocking potential and propelling you towards being your best

• Refer a friend scheme (up to £500), monthly team events, annual company events & recognition awards

We are extremely proud to be an equal opportunity employer and actively encourage applications from all backgrounds.