Industry Settlements Manager

Description

Reports to: Retail Financial Controller
Location: Nottingham NG8 6PY
Working hours: Monday to Friday, 37.5 hours a week

Yü Group Plc is a leading energy supplier in the United Kingdom, committed to providing reliable and sustainable energy solutions to our customers. As we continue to grow and innovate in the dynamic energy sector, we are seeking a highly skilled and experienced professional to join our team as Industry Settlements Manager.

As an Industry Settlements Manager, you will be responsible for overseeing and managing the industry settlement processes within the UK energy market. This role requires a deep understanding of energy market operations, regulatory compliance, and exceptional analytical and leadership skills.

Passionate and motivated people are the power behind our growth so we’re looking to expand our team and you could be part of our success story.
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What We Need from Yü*

Here’s a taste of what you’ll be doing:
Settlements Management:

• Manage end-to-end industry settlement processes, ensuring accuracy and timeliness in accordance with industry codes and regulations.
• Monitor and analyse settlement data to identify discrepancies, investigate root causes, and implement corrective actions.
• Collaborate with internal teams to streamline processes and optimize settlement performance.
• Lead a team of Settlement advisors to help with settlement performance and reduce our imbalance exposure.
• Manage meter read performance across the whole portfolio (NHH, HH and Gas), minimising our long-term unread meters.
• Responsible for the Gas reconciliation for the Yu Energy Shipper. This includes ensuring all metering and read data is processed with industry timelines, as well as ensuring billing accuracy.
• Be a key part of the transition to Market Wide Half Hourly Settlement, ensuring the set up and implementation of new Settlement processes that related to the programme.

Regulatory Compliance:

• Stay abreast of regulatory changes and industry developments related to settlements and ensure compliance with relevant codes and regulations.
• Provide guidance to the team on regulatory requirements and changes impacting settlement activities

Stakeholder Engagement:

• Build and maintain strong relationships with industry stakeholders, including Ofgem, Elexon, and other market participants.
• Act as the main point of contact for settlement-related queries and escalations.

Reporting and Analysis:

• Generate and present regular reports on settlement performance, highlighting key metrics and areas for improvement.
• Utilise data analytics tools to identify trends, patterns, and opportunities for process enhancements.

About Yü
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If you have what it takes you could be just what we’re looking for…*

• Bachelor's degree in a relevant field (e.g., Business, Finance, Energy Management).
• Proven experience in energy settlements within the UK market.
• In-depth knowledge of industry codes, regulations, and market processes.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to lead and motivate a team.

Yü Come First
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We have a wide range of benefits for our employees including:*

• 24 days annual leave + bank holidays
• Holiday buy – up to 5 additional days
• Day off on your birthday
• Employee Assistance Programme
• Annual salary review • Learning and development opportunities
• Enhanced paternity, maternity and adoption policies
• Yü made a difference Awards
• 3 days additional annual leave if you get married/civil partnership etc.
• Appointment allowance
• Long service recognition
• Refer a friend payment
• Company sick pay (subject to length of service)
• New modern facilities
• Death in service and critical illness cover
• Plus, many more

#YUIndeed
If you need any reasonable adjustments to help you apply for a role, please let us know and we will see what we can do.
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About Yü Group*
Yü Energy are one of the UK’s fastest growing business gas, electricity and water suppliers, supplying thousands of companies across the UK.
On a mission to shake-up the UK business energy market, our winning combination of expert, personal service and competitive prices are specifically tailored to the needs of commercial customers.

Job Types: Full-time, Permanent

Salary: £30,000.00-£55,000.00 per year