Role details

Contract Manager

London   •   £45,000 - £55,000   •  Permanent

Bullet points

  • Contract Manager
  • Central London

About Our Client

The biggest change to the electricity market since privatisation, the Government's Electricity Market Reform programme (EMR) 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".

XXXXX is the counterparty to CFDs, a role which involves management of the contracts as well as the Supplier Obligation Levy that funds CFD payments. Critical to these functions is power price forecasting and settlement activities. In all of its operations, XXXXX is led by its guiding principle to "maintain investor confidence in the CFD scheme and minimise costs to consumers". XXXXX 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

Job Description

The management of contract management processes employed by XXXXX during business as usual (BAU) operation of the CFD contracts, working closely with internal stakeholders including DECC Legal team, other government departments as well as other CFD Counterparty Company external stakeholders from across the electricity industry - from generators to consumers. This role reports into the Head of Contract Management.

The Successful Applicant

The key accountabilities of the role are outlined below. However, this is an overview of the role and is not exhaustive. XXXXX reserves the right to assign other duties commensurate with the role as required.

Key accountabilities:

  • Ensuring all Contract Management processes (including with key external agents such as Ofgem and CHPQA) are implemented and followed to ensure XXXXX fulfils its obligations in relation to the issuance and on-going management of CFDs
  • Responsible for ensuring Counterparty monitors and validates Initial and Further Conditions Precedents, other Milestones / on-going Eligibility criteria
  • Act as Relationship Manager and actively identifying/resolving potential disputes
  • Implement processes, policies and procedures for the Contract Management function

Skills/experience required for the role:

  • Knowledge of either relevant legal, contracts for difference or contractual management issues. In addition regulatory skills would be useful.
  • Strong written and verbal communication skills
  • Strong negotiation, control and compliance skills

Person specification:

  • Qualified to degree level in a relevant discipline
  • Experience working in a commercial role
  • Ideally experience in utilities sector, specifically the electricity industry;

What's on Offer

Competitive Package

Apply for this job

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