At a Glance
- Tasks: Manage financial settlements and automate processes in a dynamic environment.
- Company: Join a leading renewable energy organisation making a real impact.
- Benefits: Flexible working hours, competitive salary, and opportunities for professional growth.
- Why this job: Be part of innovative projects that shape the future of renewable energy finance.
- Qualifications: Experience in treasury or banking, with relevant accounting qualifications.
- Other info: Exciting career development in a fast-paced, collaborative team.
The predicted salary is between 36000 - 60000 £ per year.
5 days ago Be among the first 25 applicants
Formal Title: Senior Settlements Accountant
Contract type: Permanent
Hours: 37.5 hours per week
Location: Birmingham or Leeds
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: Lead Settlements Accountant
Deadline Note: We reserve the right to close the advert before the advertised deadline if there are a high volume of applications.
Role Summary
The Senior Settlements Accountant plays a pivotal role in ensuring the efficient and accurate execution of financial settlements for CfD, CM, and all upcoming new schemes. This position demands strict compliance with regulatory requirements and a focus on automating manual processes.
The ideal candidate is a proactive, adaptable, and detail-oriented professional who excels in a fast-paced environment, embraces change, and seeks opportunities for innovation and process enhancements.
In a role expected to drive the accounting for these established (CfD & CM) and emerging schemes settlement operations, the Senior Settlements Accountant will carry out month-end accounting for settlements, monitor the financial performance of the outsourced settlements provider, and maintain a robust control environment.
The Finance & Procurement department is integral to the organisation’s financial operations, responsible for settlement operations, managing the settlement service provider, and delivering monthly reporting to management and Department of Energy Security and Net Zero (DESNZ), the annual report, and accounts in the Treasury. In addition, the Finance department provides regular updated forecasts, forecast cash flows for HM Treasury, an annual budget which is subject to public consultation and is a key contributor into the companies’ long term strategic planning process, and oversees that all procurement activity is compatible with Managing Public Money guidelines.
Key Responsibilities
The key responsibilities of the role are outlined below, covering both LCCC and ESC. However, this is an overview of the role and is not exhaustive. As the size and number of different schemes continue to grow, the dynamic nature of the role may lead to further enhancements, and the expectations for the role will increase. LCCC recognises the evolving nature of the responsibilities and reserves the right to assign other duties commensurate with the role as required. This presents an exciting opportunity for the successful candidate to contribute to a growing and dynamic environment, making a meaningful impact as the role evolves.
Settlement Operations
- Manage daily settlement activities, including payments and reconciliations, ensuring strict adherence to deadlines.
- Approve and oversee high-value transactions, such as credit cover drawdowns and returns, in line with organisational procedures.
- Respond promptly and effectively to settlement-related inquiries from internal and external stakeholders.
- Maintain strong controls over payment processes and notices to ensure accuracy and compliance with LCCC/ESC policies.
- Be familiar with and understand the policies and regulations surrounding the CfD, CM, and upcoming new schemes operations of LCCC. Stay informed about forthcoming changes and provide input on necessary adjustments for settlement services.
Financial Reporting and Analysis
- Prepare and review journal entries, monthly reconciliations, and settlement-related reports from the outsourced provider. Reflect settlements activity internally for new upcoming schemes from our newly developed in-house systems.
- Monitor settlement costs and provide forecasts, budgets, and variance analyses.
- Assist with the preparation of annual financial statements, audit queries and regulatory filings.
- Review, reconcile, and transfer termination/drawdown funds to Treasury.
Credit Cover and Reconciliation Management
- Oversee credit cover processes, including approvals, rejections, drawdowns, and returns for CfD, CM, and emerging schemes.
- Conduct monthly and quarterly reconciliations for CfD Generator/Supplier, CM settlements, and upcoming new schemes.
- Prepare monthly Treasury forecasts and liaise with the Analytics team. Collaborate with Treasury to manage daily and monthly cash flows, as well as credit cover fluctuations during high-volume periods.
Process Improvement and Automation
- Assist in testing and transitioning manual reconciliations to automated ones.
- Work with Data Engineering, Analytics, and Treasury on automation initiatives.
- Take ownership of identifying and implementing process improvements, leveraging assistance from the team, process improvement specialists, and/or other business units as needed.
- Train team members on new systems and integrate changes into BAU operations.
Collaboration and Stakeholder Management
- Ensure effective collaboration with the settlements team on finance-related settlement issues to provide a seamless experience to all stakeholders.
- Serve as the primary point of contact for finance-related settlement issues, queries, and escalations.
- Build strong relationships with Contract Management, Scheme Operations, Legal, Treasury, and outsourced service providers to ensure seamless operations.
- Liaise with appropriate departments to address compliance and reporting requirements.
Adaptability and Problem-Solving
- Manage a diverse workload, adapting to changing priorities and urgent tasks.
- Proactively address operational challenges and resolve settlement discrepancies.
- Contribute to a culture of curiosity and innovation by identifying and implementing best practices.
Administrative Responsibilities
- Ensure proper documentation and tracking of payments, settlements, and financial records, maintaining a comprehensive audit trail for all transactions.
- Provide operational finance team support and cover roles as needed to ensure seamless execution of tasks.
- Assist in bank account management, including setup, approvals, and limits, in collaboration with Treasury & Banks.
- Maintain a tracker for companies in any type of insolvency event, managing the proof of debt submission process and follow-ups.
Skills, Knowledge and Experience
- Essential: Experience in treasury, banking or settlements. Certifications: Part or full qualification in CIMA, ACCA, ACA, ICAS, CIPFA, or equivalent. Education: Bachelor’s degree or equivalent.
- Accounting Skills: Proficient in payments to suppliers, month-end journal preparation, cashflow forecasts, and reconciliations. Ability to work with large figures.
- Technical Skills: Intermediate to advanced proficiency in Microsoft Excel and ERP systems. Data handling: strong capability in handling and analysing large data sets, attention to detail.
- Time Management: Proven ability to work under pressure and meet tight deadlines. Communication: Excellent skills in conveying complex information and collaborating across teams.
- Coaching: Ability to supervise and coach junior staff if required. Mindset: Proactive with a commitment to continuous learning and improvement.
Desirable
- Regulatory Knowledge: Strong grasp of financial regulations and compliance requirements.
- Renewable Energy: Knowledge of CfD, CM, or similar renewable energy support mechanisms.
- Financial Markets: Understanding of financial markets and instruments. Internal Controls: Experience in developing and operating internal controls.
- Advanced IT: Power Query, Advanced Excel (including DAX measures).
- Stakeholder Management: Confident presentation and stakeholder management skills.
- Personal Qualities: Attention to detail, problem-solving attitude, initiative, and effective communication. Adaptability and technical proficiency with financial systems and tools.
Seniority level
- Mid-Senior level
Employment type
- Full-time
Job function
- Accounting/Auditing
- Industries: Services for Renewable Energy
Referrals increase your chances of interviewing at Low Carbon Contracts Company by 2x
Leeds, England, United Kingdom 2 weeks ago
Harrogate, England, United Kingdom 1 week ago
York, England, United Kingdom 2 weeks ago
Leeds, England, United Kingdom 1 week ago
Leeds, England, United Kingdom 5 days ago
Bradford, England, United Kingdom 1 week ago
Leeds, England, United Kingdom 1 month ago
Leeds, England, United Kingdom 3 weeks ago
Leeds, England, United Kingdom 1 week ago
Leeds, England, United Kingdom 3 weeks ago
Skipton, England, United Kingdom 3 weeks ago
Senior Accountant – Financial Analysis (Manufacturing)
Rawdon, England, United Kingdom 7 hours ago
Harrogate, England, United Kingdom 1 week ago
Senior Financial Accountant, Balance Sheet and Control
Leeds, England, United Kingdom 1 month ago
York, England, United Kingdom 3 weeks ago
Harrogate, England, United Kingdom 4 weeks ago
Ripon, England, United Kingdom 3 weeks ago
Leeds, England, United Kingdom 6 days ago
Harrogate, England, United Kingdom 3 weeks ago
Selby, England, United Kingdom 3 weeks ago
Harrogate, England, United Kingdom 3 weeks ago
Thorp Arch, England, United Kingdom 2 days ago
Financial Accountant – Legal Entity Reporting
Leeds, England, United Kingdom 1 week ago
Harrogate, England, United Kingdom 1 week ago
Leeds, England, United Kingdom 3 weeks ago
Skipton, England, United Kingdom 1 week ago
Bradford, England, United Kingdom 2 days ago
Leeds, England, United Kingdom 6 days ago
We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr
Treasury Accountant employer: Low Carbon Contracts Company
Contact Detail:
Low Carbon Contracts Company Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Treasury Accountant
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and accounting sectors. Let them know you're on the lookout for opportunities, especially roles like the Senior Settlements Accountant. You never know who might have the inside scoop on openings!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of financial regulations and compliance requirements. Since this role is all about accuracy and adherence to guidelines, being able to discuss these topics confidently will set you apart from the crowd.
✨Tip Number 3
Showcase your adaptability! In your conversations, highlight examples of how you've embraced change and improved processes in previous roles. This will resonate well with employers looking for proactive candidates who can thrive in a dynamic environment.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining our team and contributing to the exciting work we do in the renewable energy sector.
We think you need these skills to ace Treasury Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Treasury Accountant role. Highlight relevant experience in treasury, banking, or settlements, and don’t forget to showcase your accounting skills and any certifications you have!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the role. Mention your proactive mindset and adaptability, and how you can contribute to our dynamic environment.
Showcase Your Technical Skills: Since this role requires strong technical skills, be sure to mention your proficiency in Microsoft Excel and any ERP systems you've worked with. If you have experience with data handling and analysis, shout about it!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way to ensure your application gets the attention it deserves, so don’t miss out!
How to prepare for a job interview at Low Carbon Contracts Company
✨Know Your Numbers
As a Treasury Accountant, you'll be dealing with large figures and financial data. Brush up on your accounting skills, especially around payments, reconciliations, and cash flow forecasts. Be ready to discuss specific examples from your past experience where you successfully managed financial data.
✨Understand the Regulations
Familiarise yourself with the regulations surrounding CfD and CM schemes. This role requires strict compliance, so showing that you understand these frameworks will impress your interviewers. Prepare to discuss how you've navigated regulatory requirements in previous roles.
✨Showcase Your Problem-Solving Skills
This position demands adaptability and a proactive approach to problem-solving. Think of instances where you've tackled operational challenges or improved processes. Be prepared to share these stories and highlight your innovative mindset.
✨Build Relationships
Collaboration is key in this role. Be ready to talk about how you've built strong relationships with stakeholders in the past. Discuss your communication style and how you ensure seamless operations across teams, as this will demonstrate your fit for the collaborative nature of the job.