Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead a Settlements Team, analyse data, and resolve discrepancies in the energy sector.
- Company: Join one of the UK's largest energy supply companies, making a real impact in the industry.
- Benefits: Enjoy opportunities for career growth, competitive salary, and potential remote work options.
- Why this job: Step into a senior role, drive business change, and enhance your analytical skills in a dynamic environment.
- Qualifications: 3+ years in settlements analysis, strong analytical skills, and advanced SQL proficiency required.
- Other info: Ideal for those passionate about the energy sector and eager to innovate processes.
The predicted salary is between 36000 - 60000 £ per year.
OXBO are pleased to be working alongside one of the UK's largest energy supply companies, searching for an enthusiastic Senior Settlement Analyst, to lead a growing Settlements Team. With a growing portfolio of registered supply points, you’ll bring a strong understanding of the UK energy settlements landscape, with hands-on experience calculating the full range of revenue and cost items a UK energy supplier is exposed to. This role is an excellent opportunity for someone to step into a Senior Analyst Position and develop a suite of processes to drive business change.
Responsibilities:
- Monitor, validate and reconcile settlement data from Elexon, including GSP Group Take, MPAN-level data and line losses across all Settlement Runs.
- Analyse settlement discrepancies and investigate root causes (e.g. data quality issues, meter faults, imbalance volumes).
- Identify metering issues and engage the correct metering counterparty to ensure the issue is resolved (MOP, DA/DC).
- Liaise with internal teams (billing, metering, trading, portfolio management) and external parties (e.g. DNOs, Elexon, agents) to resolve settlement issues.
- Track financial performance of settlement positions and support accruals and forecasting processes.
- Provide regular and ad hoc reporting on settlement performance and financial exposure.
- Lead the development of system and process improvements, including automation of settlement workflows and data analysis tools.
- Ensure compliance with relevant industry codes (e.g. BSC, DCUSA) and support regulatory reporting.
Requirements:
- 3+ years' experience in a settlements analyst role, in the utilities industry.
- Strong analytical skills with exceptional attention to detail.
- Understanding of the UK electricity market structure and settlement processes (particularly the Balancing and Settlement Code).
- Deep understanding of Settlement “D-Flows” and ability to reconcile SAA-I014 down to the MPAN.
- Advanced SQL Analytics.
- Proficiency in Excel (e.g. pivot tables, lookups).
- Experience working with large datasets and reconciling complex data flows.
- Ability to explain technical issues clearly and work collaboratively across teams.
- Energy Industry Knowledge, specifically around SVA D-Flows.
- Prior experience with CDCA Flow Management would be advantageous.
Settlement Analyst employer: OXBO
Contact Detail:
OXBO Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Settlement Analyst
✨Tip Number 1
Familiarise yourself with the UK energy settlements landscape, especially the Balancing and Settlement Code. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Brush up on your SQL and Excel skills, particularly in advanced analytics. Being able to showcase your ability to handle large datasets and perform complex reconciliations will set you apart from other candidates.
✨Tip Number 3
Network with professionals in the energy sector, especially those involved in settlements. Engaging with industry peers can provide insights into current challenges and trends, which you can discuss during your interview.
✨Tip Number 4
Prepare to discuss specific examples of how you've resolved settlement discrepancies or improved processes in your previous roles. Concrete examples will illustrate your problem-solving skills and experience effectively.
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 analysis, particularly within the utilities industry. Emphasise your analytical skills and any specific projects where you've successfully reconciled complex data flows.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss your understanding of the UK energy settlements landscape and how your experience aligns with the responsibilities outlined in the job description.
Showcase Technical Skills: Clearly outline your proficiency in SQL and Excel in your application. Provide examples of how you've used these tools to analyse large datasets or improve processes in previous roles.
Highlight Collaborative Experience: Mention any experience you have working with cross-functional teams. Describe situations where you've liaised with internal and external parties to resolve issues, showcasing your ability to communicate technical matters effectively.
How to prepare for a job interview at OXBO
✨Showcase Your Analytical Skills
As a Settlement Analyst, strong analytical skills are crucial. Be prepared to discuss specific examples of how you've used data analysis to solve problems in your previous roles. Highlight any experience you have with SQL and Excel, as these will be key tools in your new position.
✨Understand the UK Energy Market
Make sure you have a solid grasp of the UK electricity market structure and settlement processes. Familiarise yourself with the Balancing and Settlement Code and be ready to explain how it impacts your work. This knowledge will demonstrate your commitment and understanding of the industry.
✨Prepare for Technical Questions
Expect technical questions related to settlement discrepancies and data reconciliation. Brush up on your understanding of Settlement 'D-Flows' and be ready to discuss how you would approach reconciling complex data flows. This will show that you're not only knowledgeable but also practical in your approach.
✨Emphasise Team Collaboration
This role requires liaising with various internal and external teams. Prepare to discuss your experience working collaboratively across departments. Share examples of how you've resolved issues by engaging with different stakeholders, as this will highlight your communication skills and teamwork.
