Settlements Analyst - 6 months Fixed-term contract

Description

• 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.
• 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.
• 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.
• Support the preparation of annual financial statements, audit queries and regulatory filings as required.
• 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.

Requirements

• Communication Skills: Collaborate effectively with internal teams and external partners to support delivery of business outcomes.
• Mindset: Proactive with curiosity to continuous learning and improvement.
• Data Handling: Strong attention to detail and ability to handle large data sets.
• Advanced Excel skills (Power Query, DAX measures).
• Adaptability: Remains flexible when priorities shift and manages workload effectively during peak cycles.
• Technical Skills: Intermediate to advanced proficiency in Microsoft Excel
• Attention to Detail: Meticulous attention to detail and accuracy in tasks in relation to data.
• Familiarity with treasury and cash management processes.
• Renewable Energy: Knowledge of CfD, CM, or similar renewable energy support mechanisms.
• Technical Proficiency: Possess a strong understanding of financial systems.
• Communication: Clear and professional written and verbal communication skills.
• Problem-Solving Attitude: Able to identify basic issues, investigate discrepancies, and escalate where appropriate.
• Knowledge of CfD, CM, or renewable energy schemes.
• 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.
• Time Management: Proven ability to work under pressure and meet tight deadlines.
• Initiative: Self-motivated and able to take initiative to address discrepancies and enhance overall efficiency with ability to operate independently with limited supervision.
• Awareness of financial controls and regulatory environments.
• Accounting Skills OR Knowledge: Proficient in payments to suppliers, month-end journal preparation, cashflow forecasts, and reconciliations. Ability to work with large figures.

Benefits

• Employee referral scheme (up to £1500), and colleague recognition scheme
• 25 days annual leave, plus eight bank holidays
• Family savings on days out and English Heritage, gym discounts, cash back and discounts at selected retailers
• Free, confidential employee assistance, including financial management, family care, mental health, and on-call GP service
• Family friendly policies, including enhanced maternity leave and shared parental leave
• Season ticket loan and cycle to work schemes
• Annual performance based bonus, up to 10%
• Three paid volunteering days a year
• Up to 8% pension contribution
• Financial support and time off for study relevant to your role, plus a professional membership subscription

Training + Development

Interview process

Visa Sponsorship

Security clearance