|Job Ref:||119321BSL||Employer:||Morson International||Country:||United Kingdom||City:||England||Address:||Post Date:||04/10/2016 20:14|
Morson International is pleased to be offering this exciting opportunity on behalf of our client, Low Carbon Contracts Company (LCCC), who will play a key role in the delivery of Electricity Market Reform (EMR), the biggest change to the electricity market since privatisation. LCCC require a Commercial Contract Manager based in Central London on a full-time permanent basis.|
The Commercial team within the LCCC will be responsible for both the contract management of CfDs, including nuclear and any future bespoke contracts, as well as commercial advice in relation to existing and future CFDs and other LCCC functions. The team works closely with internal stakeholders including Department for Business, Energy and Industrial Strategy (BEIS), other government departments as well as external stakeholders from across the electricity industry -from generators to consumers. This role reports into the Lead Contract Manager.
Essential Skills, Knowledge and Certifications:
Strong knowledge of relevant legal, regulatory and contractual management issues
Experience drafting and processing contracts for difference would be useful
Strong influencing, analytical and technical contract management skills
Strong written and verbal communication skills
Strong negotiation, control and compliance skills
Strong commercial, financial and corporate finance skills
The key accountabilities of the role are outlined below covering both LCCC and ESC. This is an overview of the role and is not exhaustive. LCCC reserves the right to assign other duties commensurate with the role as required.
Ensuring all Contract Management processes (including with key external agents such as Ofgem and CHPQA) are implemented and followed to ensure Counterparty fulfils its obligations in relation to the issuance and on-going management of CFDs
Day-to-day oversight, appropriate reporting and allocation of CFD Contract Management tasks across team to ensure delivery in line with KPIs & CFD terms
Responsible for ensuring Counterparty monitors and validates Initial and Further Conditions Precedents, other Milestones / on-going Eligibility criteria
Ownership and responsibility for assigned CFDs on behalf of the LCCC
Act as Relationship Manager for key major participants actively identifying/resolving potential disputes
To lead on confirmation of programme and contract delivery for CFD and Electricity Settlement Company activities
Implement processes, policies and procedures for the Contract Management function
Perform financial analysis, modelling and other corporate finance analysis.
Provide commercial analysis and advice in relation to existing and/or new CfDs or other LCCC functions
Participate in negotiations in relation to existing and/or new CfDs
Qualified to degree level in a relevant discipline
Experience working in a contract management role
Experience of corporate finance and complex negotiations preferably in a leading financial institution or corporate an advantage
Experience of operating with or within the Utilities sector, ideally electricity industry an advantage
Experience of working with or within Government an advantage
The Low Carbon Contracts Company (LCCC) and the Electricity Settlements Company (ESC) sit at the heart of the delivery of the UK goals for secure, affordable and sustainable electricity. These two private limited companies, wholly owned by the Secretary of State for Business, Energy and Industrial Strategy (BEIS), were created to deliver key elements of the governments Electricity Market Reform (EMR) programme.
The biggest change to the electricity market since privatisation, the EMR programme is designed to attract the £110 billion investment needed this decade to replace the UK's ageing energy infrastructure with a more diverse and low-carbon energy mix. EMR will facilitate this vital investment through the introduction of two new schemes: the "Contract for Difference"(or CFD); and the "Capacity Market".
LCCC is the counterparty to CFDs, a role which involves management of the contracts as well as the Supplier Obligation Levy that funds CFD payments. LCCC is currently managing over 30 CFDs relating to new generation projects covering technologies including onshore and offshore windfarms, biomass and solar . In all of its operations, LCCC is led by its guiding principle to "maintain investor confidence in the CFD scheme and minimise costs to consumers". LCCC also runs Capacity Market settlement operations on behalf of the ESC.
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
Location: London EC4Y
Salary: Dependant on Experience plus Excellent Benefits including 10% Bonus, 25 days Holidays plus public holiday, x4 Life Assurance, Contributory Group Pension Scheme, Income Protection, Medical Insurance and an extensive Voluntary Benefits package including Bike to Work and Childcare Vouchers.
Please note that you must have the right to work in the UK without restrictions or requirement of sponsorship for this position. It is a requirement of this role to be able to obtain Baseline Referencing and Checks as well as a basic Disclosure Scotland.
Morson International has been awarded Approved Recruitment Partner status through an open tender process.
Due to the number of CVs received, should you not hear back from Morson within 14 days, your application has been unsuccessful on this occasion.