Settlements Analyst - 6 months Fixed-term contract
6 days ago
London
Application Deadline: 21 December 2025 Department: Finance & Procurement Employment Type: Contract / Temp Location: London Description Contract type: 6 months FTC Hours: 37.5 Salary: circa £41,000 depending on experience Location: Canary Wharf, 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: 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 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. ESC’s role is to oversee the settlement of the Capacity Market to ensure that regular payments are made to capacity providers who have agreed to provide capacity at times of system stress. These capacity arrangements help to keep the lights on across Great Britain. Across both schemes around £3.5b flows through LCCC and ESC 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, including significant new development of systems, processes and controls to support settlements in these new areas. The Low Carbon Contracts Company is seeking a Settlements Analyst to join our dynamic team. This role is pivotal in ensuring the smooth operation of financial settlements while contributing to the transformation of our reconciliation processes from manual to automated where appropriate. 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 role is essential in ensuring the smooth running of regular settlement activities, including daily, weekly, and monthly operational tasks that underpin the organisations financial obligations. Working closely with the wider settlements team, the Settlements Analyst will focus on completing core operational duties, maintaining accurate accounting records, performing reconciliation, and supporting the monitoring of outsourced settlement service providers. The role may also provide support to the wider Finance & Procurement team where appropriate, particularly during peak reporting periods and other times of increased operational demand. The successful candidate will demonstrate strong attention to detail, reliability in meeting deadlines, and a commitment to maintaining a robust control environment. They will be adaptable, organised, proactive in managing workload effectively within a fast-paced and dynamic environment where accuracy and consistency are essential. Key Responsibilities The key responsibilities of the role are outlined below, covering both LCCC and ESC. While not exhaustive, they reflect the core operational duties required to support the organisation’s day-to-day settlement activities. As 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, 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 escalate 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 continuance 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 setup, approvals, and limits, in collaboration with seniors in 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 OR;, • 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, cashflow 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 escalate 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., • 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 Benefits As if contributing to and supporting work that makes life better for millions wasn’t rewarding enough, we offer a full range of benefits too. Key benefits that may be available depending on the role include: • 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
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