Operates UK’s Contracts for Difference and Capacity Market to support low‑carbon electricity investment.
Monitor credit cover fluctuations during high-volume periods and escalate issues appropriately.
Maintain a commitment to accuracy, strong controls, and continuance adherence to organisational policies and regulatory requirements.
Build collaborative working relationships with Contract Management, Scheme Operations, Legal, Treasury, and outsourced service providers to support seamless settlement operations.
Proactively resolve operational challenges, discrepancies, and settlement anomalies, escalating where required.
Assist in bank account management, including setup, approvals, and limits, in collaboration with seniors in team.
Support the accurate reflection of settlement activities within internal reporting and accounting records.
Verify, approve and record high-value transactions such as credit cover drawdowns and returns, in accordance with established procedures.
Serve as the primary point of contact for finance-related settlement issues, queries, and escalations, ensuring issues are resolved promptly or appropriately referred.
Support in maintaining a tracker for companies in any type of insolvency event, managing the proof of debt submission process and follow-ups.
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.
Conduct monthly and quarterly reconciliations for CfD & RAB Generator/Supplier, CM settlements, and emerging schemes.
Prepare and review journal entries, monthly reconciliations, and settlement-related reports from the outsourced provider.
Reconcile and process monthly termination/drawdown funds, facilitating the correct transfer to Treasury annually.
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.
Maintain strong controls over settlement payment processes to ensure accuracy and compliance with LCCC/ESC policies.
Carry out credit cover processes, including approvals, rejections, drawdowns, and returns for CfD, CM, RAB and emerging schemes.
Manage daily settlement activities, including payments, reconciliations and operational checks, ensuring strict adherence to deadlines.
Prepare monthly routine Treasury forecasts by liaising internally effectively and support Treasury colleagues in managing daily and monthly cash flow requirements.
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.
Ensure effective collaboration with the settlements team on finance-related settlement issues to provide a seamless experience to all stakeholders.
Manage a varied and time-sensitive workload, adapting to changing priorities and deadlines.
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.
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.
Support the preparation of annual financial statements, audit queries and regulatory filings as required.
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.
Respond promptly and professionally to settlement-related queries from internal and external stakeholders.
Liaise with appropriate departments to support compliance and reporting requirements.
Assist with monitoring settlement costs and preparing routine forecasts, commentary, and variance explanations.
WFH policy: Employees are required to attend the office 2 days/week
Background to LCCC
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.
Flexible working: Variety of flexible work patterns subject to line manager discretion e.g. Compressed 9-day fortnight.
Salary: circa £41,000 depending on experience