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- Tasks: As a Settlement Analyst, manage critical processes for energy schemes and provide top-notch customer support.
- Company: Join Elexon, a key player in the energy sector, driving low carbon initiatives.
- Benefits: Enjoy 25 days holiday, hybrid working, life assurance, and wellness perks like gym subsidies.
- Why this job: Be part of a dynamic team making a real impact in the energy industry with a focus on sustainability.
- Qualifications: Experience in settlements, strong attention to detail, and proficiency in Excel and SQL required.
- Other info: Elexon values diversity and inclusion, fostering a supportive workplace culture.
The predicted salary is between 36000 - 60000 £ per year.
Elexon was appointed as the Settlement Services Agent for the Contract for Difference (CfD), Capacity Market (CM), and Nuclear RAB (RAB) schemes. This is delivered via EMR Settlement Limited (EMRS), contracted to provide Settlement Services on behalf of the Low Carbon Contracts Company (LCCC for CfD and RAB) and the Electricity Settlements Company (ESC for CM). We work closely with Delivery Partners such as LCCC, ESC, EMR Delivery Body (National Grid ESO), Ofgem, and the Department for Energy Security and Net Zero (DESNZ). Our customers include electricity Suppliers, CfD Generators, Capacity Providers, and Nuclear RAB Generators participating in these schemes.
Job Purpose: Settlement Operations comprises two team leads and several analysts within the Operations function, which also includes Test and Stakeholder Engagement teams. As a Settlement Analyst, you will leverage your skills to ensure operational performance and excellent customer service, managing processes critical to the success of the CFD, CM, and RAB schemes. You will also provide frontline support to stakeholders via the Settlement Services service desk.
Your responsibilities include reviewing operational processes, identifying improvements, updating Local Working Instructions (LWIs), and contributing to projects such as software releases and website updates.
Key Responsibilities:- Complete daily operational tasks for timely and accurate settlement of EMR charges, including data loading, exception management, bank reconciliations, payments, invoices, and debt processing.
- Maintain accurate EMR customer details through the registration process.
- Manage EMR Parties Credit Cover positions by processing payments and Letters of Credit.
- Support annual Pre-qualification Credit Cover collection activities.
- Produce daily and monthly reports, resolving discrepancies or imbalances.
- Assist in incident and problem management, keeping colleagues informed of operational issues.
- Provide excellent customer service via the Service Desk, available during core hours (09:00-17:00).
- Support Metering activities with third-party providers.
- Update EMR Party aggregation rules and process exemption requests, including EII.
- Contribute to audits and accreditation processes such as ISAE3402, ISO9001, and ISO27001.
- Proven experience in a settlements role.
- Understanding of checks and balances importance.
- High accuracy and attention to detail.
- Ability to work independently and responsibly.
- Flexibility to manage a busy workload while maintaining quality.
- Strong communication skills in English.
- Proficiency in Microsoft Office, especially Excel.
- Knowledge of the energy industry and Elexon/EMR Settlements.
- Working knowledge of SQL.
- Experience with accounting software such as Sage X3.
Please note: Elexon cannot sponsor visas. Applicants must have the right to work in the UK.
Career Path / Next Roles: Settlement Operations Manager.Benefits include 25 days annual holiday, discretionary incentive scheme, life assurance, pension, and private medical insurance. Our employee wellbeing initiatives include hybrid working, Employee Assistance Programme, eye care vouchers, gym subsidies, Cycle to Work, holiday trading, CSR days, and season ticket loans. We value diversity and inclusion, supporting various employee networks and initiatives to foster an inclusive culture, which is reflected in our employee surveys. We aim to be a role model for diversity and inclusion in the industry.
Settlement Analyst employer: Elexon Ltd
Contact Detail:
Elexon Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Settlement Analyst
✨Tip Number 1
Familiarise yourself with the key responsibilities of a Settlement Analyst, especially around operational tasks like data loading and bank reconciliations. Understanding these processes will help you speak confidently about your relevant experience during interviews.
✨Tip Number 2
Brush up on your knowledge of the energy industry and Elexon/EMR Settlements. Being well-versed in these areas will not only impress your interviewers but also demonstrate your genuine interest in the role.
✨Tip Number 3
Highlight your proficiency in Microsoft Excel and any experience with SQL during networking opportunities or interviews. These skills are crucial for the role, and showcasing them can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your approach to customer service, particularly how you would handle inquiries via the Service Desk. Providing examples of past experiences where you delivered excellent customer support can strengthen your application.
We think you need these skills to ace Settlement Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in settlements and the energy industry. Emphasise your attention to detail, communication skills, and any specific software knowledge, such as SQL or accounting software.
Craft a Strong Cover Letter: Write a cover letter that directly addresses the responsibilities and competencies listed in the job description. Use specific examples from your past experience to demonstrate how you meet their requirements.
Highlight Relevant Skills: In your application, focus on skills that are crucial for the role, such as operational performance management, customer service, and proficiency in Microsoft Excel. Mention any experience with audits or accreditation processes if applicable.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is essential for the Settlement Analyst role.
How to prepare for a job interview at Elexon Ltd
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Settlement Analyst. Familiarise yourself with the key tasks such as data loading, exception management, and customer service. This will help you demonstrate your knowledge during the interview.
✨Showcase Your Attention to Detail
Given the importance of accuracy in this role, be prepared to discuss examples from your past experience where your attention to detail made a significant impact. Highlight any specific instances where you identified discrepancies or improved processes.
✨Demonstrate Your Communication Skills
As you'll be providing frontline support to stakeholders, it's crucial to showcase your strong communication skills. Practice explaining complex concepts clearly and concisely, as well as how you handle customer inquiries or issues.
✨Familiarise Yourself with Relevant Tools
Brush up on your proficiency in Microsoft Excel and any accounting software like Sage X3. If you have experience with SQL, be ready to discuss how you've used it in previous roles, as this knowledge is beneficial for the position.
