Settlements Analyst

Settlements Analyst - 6 months Fixed-term contract Application Deadline: 21 December 2025 Department: Finance & Procurement Employment Type: Contract / Temp Location: London (Canary Wharf, London) Contract type: 6 months FTC Hours: 37.5 Salary: circa £41,000 depending on experience 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. Background to LCCC 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 Department of Energy Security and Net Zero, were created to deliver key elements of the government’s Electricity Market Reform Programme. EMR facilitated this vital investment through the introduction of two schemes: the “Contract for Difference” (or “CfD”) and the “Capacity Market”. LCCC acts as the counterparty to CfDs, managing the contracts and the Supplier Obligation Levy that funds CfD payments. LCCC also runs Capacity Market settlement operations on behalf of the ESC and will extend similar roles to emerging Hydrogen and Carbon Capture and Storage industries, alongside the Regulated Asset Base model for new nuclear. Role Summary The Settlements Analyst plays a critical role in supporting the timely and accurate execution of day‑to‑day financial settlements across CfD, CM, RAB and other upcoming schemes. This position contributes to the transformation of reconciliation processes from manual to automated where appropriate and supports the monitoring of outsourced settlement service providers. Key Responsibilities Settlement Operations Manage daily settlement activities, including payments, reconciliations and operational checks, ensuring strict adherence to deadlines. Verify, approve and record high-value transactions such as credit cover drawdowns and returns, in accordance with established procedures. Respond promptly and professionally to settlement-related queries from internal and external stakeholders. Maintain strong controls over settlement payment processes to ensure accuracy and compliance with LCCC/ESC policies. Apply a sound understanding of scheme policies and regulations across CfD, CM, RAB, and emerging schemes, ensuring settlement activities remain fully compliant. Monitor upcoming scheme changes and make necessary adjustments to settlement processes as directed by senior team members. Financial Reporting And Analysis Prepare and review journal entries, monthly reconciliations, and settlement-related reports from the outsourced provider. Support the accurate reflection of settlement activities within internal reporting and accounting records. Assist with monitoring settlement costs and preparing routine forecasts, commentary, and variance explanations. Support the preparation of annual financial statements, audit queries and regulatory filings as required. Reconcile and process monthly termination/drawdown funds, facilitating the correct transfer to Treasury annually. Credit Cover And Reconciliation Management Carry out credit cover processes, including approvals, rejections, drawdowns, and returns for CfD, CM, RAB and emerging schemes. Conduct monthly and quarterly reconciliations for CfD & RAB Generator/Supplier, CM settlements, and emerging schemes. Prepare monthly routine Treasury forecasts by liaising internally effectively and support Treasury colleagues in managing daily and monthly cash flow requirements. Monitor credit cover fluctuations during high-volume periods and elevate issues appropriately. 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, ensuring issues are resolved promptly or appropriately referred. Build collaborative working relationships with Contract Management, Scheme Operations, Legal, Treasury, and outsourced service providers to support seamless settlement operations. Liaise with appropriate departments to support compliance and reporting requirements. Adaptability And Problem‑Solving Manage a varied and time-sensitive workload, adapting to changing priorities and deadlines. Proactively resolve operational challenges, discrepancies, and settlement anomalies, escalating where required. Maintain a commitment to accuracy, strong controls, and continual adherence to organisational policies and regulatory requirements. Contribute to a culture of curiosity 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 set‑up, approvals, and limits, in collaboration with seniors in the team. Support in maintaining a tracker for companies in any type of insolvency event, managing the proof of debt submission process and follow‑ups. Skills, Knowledge and Expertise Essential Qualification and Experience: Part or full qualification in CIMA, ACCA, ACA, ICAS, CIPFA OR Accountancy degree. Equivalent experience – finance, accounting, treasury, banking, or operational role where accuracy and deadlines are critical. Accounting Skills or Knowledge: Proficient in payments to suppliers, month‑end journal preparation, cash‑flow forecasts, and reconciliations. Ability to work with large figures. Technical Skills: Intermediate to advanced proficiency in Microsoft Excel. Data Handling: Strong attention to detail and ability to handle large data sets. Time Management: Proven ability to work under pressure and meet tight deadlines. Communication: Clear and professional written and verbal communication skills. Mindset: Proactive with curiosity to continuous learning and improvement. Attention to Detail: Meticulous attention to detail and accuracy in tasks in relation to data. Problem‑Solving Attitude: Able to identify basic issues, investigate discrepancies, and elevate where appropriate. Initiative: Self‑motivated and able to take initiative to address discrepancies and enhance overall efficiency with ability to operate independently with limited supervision. Communication Skills: Collaborate effectively with internal teams and external partners to support delivery of business outcomes. Adaptability: Remains flexible when priorities shift and manages workload effectively during peak cycles. Technical Proficiency: Possess a strong understanding of financial systems. Desirable Awareness of financial controls and regulatory environments. Knowledge of CfD, CM, or renewable energy schemes. Familiarity with treasury and cash management processes. Advanced Excel skills (Power Query, DAX measures). Renewable Energy: Knowledge of CfD, CM, or similar renewable energy support mechanisms. 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 Seniority level Entry level Employment type Contract Job function Finance and Sales Industries Services for Renewable Energy #J-18808-Ljbffr