Power Markets Settlements Lead

Permanent employee, Full-time · Dublin

Elgin Values
Core behavioural responsibilities for all employees
Agility We Lead with Agility  
Integrity We Act with Integrity
Excellence We Empower Excellence
CareWe Value Care
Integration of our three core values into our employment processes and frameworks allows Elgin to recognise and respect individual employees for their personal contributions to their roles, their colleagues, stakeholders, and ultimately to the renewable energy sector. We see sustainability as every employee’s responsibility and weaving sustainable practices into our values is paramount to the culture we seek to create.
Job Description
In this role you will work exclusively for the Trading and Optimisation Services business and report to the MD of that business. You will also receive support and supervision from the Elgin group Finance team, in particular the Financial Controller. You will develop and manage the day-to-day finance operations of the trading business, as well as supporting the entry of new markets and administration of new products and services. 
 This is an excellent opportunity to work in a collaborative environment where you will have a high level of visibility within the organisation and work with senior stakeholders.
  • Development of the structure and processes supporting day-to-day management of the finance operations
  • Managing the day-to-day management of the finance operations (confirmation, reconciliation, and settlement (including invoicing) of all trading activity and industry costs)
  • Oversee and manage:
  • Preparation of financial and other key performance indicators for internal and external reporting on behalf of the Elgin Trading and Optimisation business 
  • Post-trade analysis and strategy performance monitoring.
  • Day to day operational contact with Clearing Banks to ensure margin requirements are met
  • Assist in preparing cashflow forecasts and business plans for the trading business - based on known and estimated revenue and expenses
  • Ensure all necessary mark-to-market and settlement of bilateral and forward trades are prepared and delivered accurately and in line with the contractual terms 
  • Partner Commercial Team on strategic desk initiatives – new markets, products
  • Contributing to continuous improvement initiatives, to drive efficiency and improved performance (e.g., system enhancements and automation).
  • Support ad hoc commercial analysis and contribute to projects
Your profile
  • Knowledge of energy commodity trading activities, trade life cycle and trading systems
  • Experience of working within an Operations team performing invoicing & settlement processes
  • Proactive in identifying and driving improvements in processes, systems and controls
  • Numerate and highly organised with an excellent attention to detail
  • Strong analytical and problem-solving skills, with the ability to think independently and draw conclusions
  • Excellent communication skills
  • Sound knowledge of accounting and tax fundamentals
About us

Elgin Energy is a full-service, utility scale, solar+storage platform bringing projects from origination through to energisation. Elgin is active across the project lifecycle from project origination through to construction management and operational asset management. The company has over 12GW of solar and storage projects across our three key markets of the UK, Australia, and Ireland.

As of 2022, Elgin Energy agreed to sell the UK’s largest solar PV transaction to date consisting of a portfolio of 12 projects with a combined capacity of 519MW of projects including 70MW of collocated energy storage capacity to Scottish Power Renewables (UK) Limited, a wholly-owned subsidiary of global utility Iberdrola Group.

In 2021, Elgin Energy secured financing with Berenberg Green Energy Fund for the development of solar PV projects totalling 1.36GW in the UK and Ireland and also raised £25 million via Focus Capital Partners to fund its growth strategy across its core markets. In 2020, the company partnered, in separate transactions, with both Foresight Group and Metka-EGN in relation to two portfolios to deliver a total of 276MW of UK solar development projects and was successful with two Irish solar projects in Ireland’s first solar auction, RESS-1 – Renewable Energy Support Scheme (RESS). In addition to the above, Elgin Energy delivered 21 solar projects, totalling 230MW, before the UK Government’s Renewables Obligation (ROCs) scheme ended in 2017.

Elgin Energy works with long-term strategic partners to deliver projects to the energization and provides asset management services through their operational life. The company has expanded internationally over the last 14 years with a professional team of engineers, accountants, and lawyers located in its London, Dublin, and Sydney offices. Elgin has a 98% success rate through planning across all its markets.

We are looking forward to hearing from you!
Thank you for your interest in Elgin Energy. Please fill out the following short form. Should you have difficulties with the upload of your data, please send an email to kathryn.whyte@elgin-energy.com
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