The posting
TTEP UK & Ireland Investments are recruiting a Senior Settlements Analyst to lead the day-to-day operation of GB Settlements, combining hands-on delivery of BAU settlement activities with senior operational ownership, coaching and project delivery.
The role will ensure the accurate and timely settlement of TTEP's GB activities across electricity, gas, carbon, Energy Management, tolling arrangements, Battery Energy Storage Systems (BESS) and ancillary services, acting as the key point of escalation for operational settlement matters.
Working closely with Trading, Commercial Finance and internal and external technical development resources, the role will own key settlement processes, calculations and controls; support credit activities; and provide the subject-matter expertise needed to implement new commercial arrangements and continually improve and automate settlement processes.
This role is based at our Thorpe Park office in Leeds on a hybrid basis, with three days per week in the office. Regular travel to our London office will also be required.
Key Responsibilities
Reporting to the Senior Commercial Finance Officer, the key duties and responsibilities will include, but are not limited to:
- Leading the day-to-day GB Settlements operation, prioritising workload, overseeing delivery and acting as the first point of escalation for the GB Settlements Analyst, Finance, Trading and external counterparties.
- Delivering core BAU settlement activity, including trade checks, confirmations, reconciliations, invoicing and month-end processes within required deadlines.
- Acting as the GB Settlements subject-matter lead, developing strong BSC/Elexon expertise and owning key settlement calculations, controls and exception reviews across electricity, gas, carbon, BESS and ancillary services.
- Investigating settlement discrepancies and reconciling items, working with internal teams, counterparties and market operators to resolve or challenge issues promptly.
- Lead on GB Trading credit and collateral activities, including monitoring exposure, postings and requirements for existing and new counterparties.
- Leading settlement implementation for new trading structures and commercial arrangements, including Energy Management, tolling, BESS and intercompany relationships.
- Own the operational use of the ETRM system within GB Settlements, ensuring traded positions are accurately captured, validated and reflected in downstream settlement and notification processes, including Elexon notifications. Work closely with Trading and technical support resources to resolve data or workflow issues and improve associated controls.
- Coaching and developing the GB Settlements Analyst, ensuring knowledge transfer, cross-training and clear documentation of key processes and controls.
- Working closely with internal and external data, systems and development resources to define business rules, calculations, controls and exceptions, and to test and embed automated settlement processes and analytical tools.
- Driving continuous improvement in settlement processes, controls and reporting, taking ownership of projects from design through to implementation.
- Maintaining effective stakeholder and counterparty relationships and supporting relevant regulatory reporting, market registrations and compliance activities.
Skills, Knowledge and Expertise
Knowledge & Experience
- Significant hands-on experience in settlements, trading operations, middle office or a similar process/control environment (essential).
- Experience owning complex operational processes, calculations and controls (essential).
- Experience of reconciliations, invoicing and investigating discrepancies through to resolution (essential).
- Experience providing coaching, day-to-day leadership or acting as a senior subject-matter expert (essential).
- Experience delivering process improvement, change or operational projects (essential).
- Strong stakeholder and counterparty management experience (essential).
- Strong working knowledge of GB energy markets and settlement or trading operations processes (desirable).
- Knowledge of the BSC/Elexon settlement framework, with the ability to develop and maintain subject-matter expertise (desirable).
- Knowledge of BESS and ancillary services, gas/carbon, Energy Management/tolling and credit/collateral (desirable).
Skills & Behaviours
- Strong numerical, analytical and problem-solving skills (essential).
- Able to combine hands-on BAU delivery with day-to-day leadership of a small team (essential).
- Strong communication and stakeholder-management skills (essential).
- Proactive, organised and able to deliver accurately to tight deadlines (essential).
- Strong Excel skills and comfortable working with data; SQL, Python or BI experience (desirable).
- Able to take ownership of process improvement and project delivery (essential).
Qualifications
- Degree or equivalent experience, preferably in a business, numerate or technical discipline (essential).
Further Information
Recruitment Agencies
This role is being advertised directly by TTEP UK & Ireland. At our discretion we will contact select recruitment partners and kindly ask that agencies do not contact us regarding this vacancy.
