Financial Planning Analyst

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Contract type: 6 Month Fixed Term Contract

Hours: 37.5/week

Location: London

WFH policy: Employees are required to attend the office 2 days/week

Flexible working: Variety of flexible work patterns subject to line manager discretion e.g. Compressed 9-day fortnight.

Reports to: Financial Planning Manager

Role Summary

The Low Carbon Contracts Company (LCCC) and the Electricity Settlements Company (ESC) sit at the heart of the delivery of the UK’s goals for secure, affordable, and sustainable electricity. These two private limited companies, wholly owned by the Secretary of State for Energy and Climate Change, were created to deliver key elements of the government’s Electricity Market Reform Programme.

LCCC is the counterparty to CFDs, a role which involves management of the contracts as well as the Supplier Obligation Levy that funds CFD payments. In all of its operations, LCCC is led by its guiding principle to “maintain investor confidence in the CFD scheme and minimise costs to consumers”. LCCC also runs Capacity Market settlement operations on behalf of the ESC.

Across both schemes around £3.5b flows through LCCC each year between generators and electricity supply companies. Furthermore, LCCC will have similar roles in the emerging Hydrogen (H2) and Carbon Capture and Storage (CCUS) industries, alongside the settlement of the Regulated Asset Base (RAB) model for new nuclear.

The Low Carbon Contracts Company is seeking a Financial Planning Analyst to support a growing FP&A function, responsible for strengthening financial insight, improving forecasting accuracy, and enhancing forecasting processes as LCCC’s schemes continue to scale.

The Financial Planning Analyst, reporting to the Financial Planning Manager, is responsible for ensuring the accuracy, integrity, and timeliness of core FP&A outputs, including forecasting, variance analysis, payroll time allocation, and month-end/outturn reporting.

Key Responsibilities

• Time Allocation for Payroll: Perform monthly time allocation for all employees and ensure payroll percentages are accurately calculated across schemes, maintaining accuracy and transparency.
• Variance Analysis & Forecasting: Capture, document, and interpret key drivers of monthly variances through stakeholder engagement, and use these insights to prepare Reforecast across different dimensions.
• Monthly Outturn Calculation: Prepare monthly outturn by combining YTD actuals with forward-looking forecasts and contingencies.
• EPM Forecast Submission: Prepare & submit approved forecasts/outturns into the DESNZ EPM system, ensuring accuracy, alignment with business goals, and full compliance with monthly deadlines.
• Quarterly Reforecast (Re-FC) to Detailed Excel Conversion: Update Month End Reports with quarterly reforecast figures, ensuring correct mapping across all functional, scheme, and P&L line items.
• Enhance FP&A Processes: Identify and deliver process enhancements and automation opportunities across key FP&A activities, to streamline workflows, improve the link between actuals and forecasts, and drive efficiency.
• Stakeholder Engagement: Organise and participate in monthly meetings with key stakeholders, collaborating closely with functional teams.
• Standardise Process Documentation: Develop complete, version-controlled process documentation in Confluence across all key FP&A activities.
• Ad-hoc Support: Provide flexible support to the Finance and Procurement teams on any ad-hoc requirements or urgent projects.
• Professional Development: Strengthen finance and accounting knowledge, with particular focus on standards and analytical techniques.

Skills Knowledge and Expertise

• Accounting Qualifications & Experience: Part or fully qualified accountant (CIMA, ACCA, ACA, ICAS, CIPFA, or equivalent) with relevant commercial experience.
• Financial Data Management: Proven expertise in managing and analysing financial data, including planning, forecasting, and budgeting.
• Variance Analysis: Ability to connect actual financials with forecasts, conduct variance analysis, and clearly explain any discrepancies.
• Stakeholder Engagement: Strong communication skills, both written and verbal, for effective stakeholder management and fostering collaboration.
• Technical Proficiency: Intermediate to advanced skills in Microsoft Excel, ERP System and FP&A systems for financial processes.
• Adaptability & Relationship Building: Ability to adjust to evolving business needs and build productive relationships to support organizational objectives.
• Automation & Process Optimisation: Exposure to finance automation, process improvement, or systems optimisation.

Employee Benefits

• Annual performance based bonus, up to 10%
• 25 days annual leave, plus eight bank holidays
• Up to 8% pension contribution
• Financial support and time off for study relevant to your role, plus a professional membership subscription
• Employee referral scheme (up to £1500), and colleague recognition scheme
• Family friendly policies, including enhanced maternity leave and shared parental leave
• Free, confidential employee assistance, including financial management, family care, mental health, and on-call GP service
• Three paid volunteering days a year
• Season ticket loan and cycle to work schemes
• Family savings on days out and English Heritage, gym discounts, cash back and discounts at selected retailers
• Employee resource groups

About Low Carbon Contracts Company

The Low Carbon Contracts Company (LCCC) exists to help decarbonise the generation of electricity and make it more affordable for the future. Our work is central to the delivery of the Government’s objective to achieve Net Zero target by 2050.