Retail Power Senior Analyst
About this role
Retail Power Senior Analyst
ScottishPower HQ, Glasgow (hybrid)
Salary starting from £55,200 + up to 15% bonus, single cover private medical and other excellent benefits
Fulltime, permanent position
Closing Date: 14th of May 2026
Help us create a better future, quicker!
The role of Retail Power Senior Analyst is an excellent opportunity for an experienced qualified accountant. The role reports to the Retail Margins Manager within Energy Margins and is part of the Liberalised Control Team.
The role is critical in developing and building a close, strong and productive working relationship with Global Energy Management, Retail and the wider Control teams across Scottish Power and globally.
The UK has one of the most advanced deregulated energy markets in the world and the marketplace is always changing. In this role you will play a critical part in the production of the Retail Margins monthly results with the main focus of the role on the accounting for Power energy costs (£1.5bn), government obligations (£0.6bn) and network costs (£0.6bn).
What you'll be doing
Manage the production and reporting of accurate, timely and robust management reporting information for Retail Margins (KPIs, Executive Summary, Detailed Commentaries, other ad hoc outputs)
Prepare commentaries to explain variances to Budget and Forecast and communicate these to senior management. Review and challenge, ensuring consistency of messaging for Reported results and highlighting areas for development, further review or challenge to the business
Responsible for the production of Margins input and analysis on the statutory accounts / disclosures process for all relevant SAP Companies, ensuring that published results are accurate and fully understood, and highlighting any areas for improvement
Responsible for the provision of accurate, timely and robust information on Retail margins on a fully integrated International Accounting Standards (IAS) basis to meet specified deadlines
Liaise with External Auditors and ensure all PBM requirements are delivered in line with timescales such that Management Letter points and financial adjustments are minimised
Oversee the monthly routines within the Integrated Margins Accounting System (IMAS) and the interface with the general ledger (SAP) ensuring processes are maintained and reflect any potential changes in reporting, new products/commodities and any other requirements.
Maintain a strong control environment ensuring all processes and procedures are in line with Group policies and that documentation is kept up to date
Interpret all mandatory regulatory/accounting requirements (from UK and Europe, OFGEM/BEIS) that apply to Retail margins, in order to develop and implement procedures, reporting and compliance in accordance with those regulations
Ensure IT environment continues to meet financial and regulatory requirements in the most efficient fashion
Requirements
- Qualified accountant with experience of working in a reporting role within Control
- Good understanding of retail energy markets is highly desirable
- Understanding and experience of relevant IT applications / systems including SAP
- Demonstrates excellent communication skills at all levels – verbal and written
- Strong management, influencing and commercial expertise and the ability to communicate effectively with staff at different levels of the organisation
- Confidence, ability and presence to constructively challenge at all levels both within Control and the Liberalised Business
- Understanding of requirements of the control environment and ability to apply these to working practices
- Delivery focus and high level of resilience to deal with the continually changing demands and time-pressures of the role
- Commercially aware, delivery focused and self-motivated individual
- Minimum Criteria
- Qualified accountant (with post qualification experience)
- Confident in Excel with advanced excel modelling expertise
- High level of commercial awareness
- Confidence, ability and presence to constructively challenge at all levels
- Sound judgement and professional decision-making ability
- What’s in it for you
- As well as a competitive salary which is reviewed annually, you can also enjoy a number of other benefits. With our pension scheme, we’ll double match your contribution up to a company contribution of 10%.
- At ScottishPower, we believe it’s the little things we do in life that make a big difference. From helping you look after your family’s wellbeing, save for your future and take personal steps for climate action – our benefits are designed to help you do just that - so that you have everything you need to take care of your world – today and tomorrow. That’s why our benefits include:
- 36 days annual leave
- Holiday Purchase – perfect your work/life balance with extra annual leave
- Share Schemes
- Payroll Giving and Charity Matched Funding
- Technology Vouchers – save more and spread the cost of your technology purchases
- Electric Vehicle Schemes – to help you transition to green/clean driving
- Cycle to Work scheme and Public Transport Season Ticket Loans
- Healthcare benefit options including: Dental Insurance, Private Medical Insurance, Health Cash Plan and annual Health Assessments
- Life Assurance (4x salary)
- Access to Savesmart financial wellbeing support
- Plus shopping, leisure, restaurant and gym discounts, and unique employee deals on travel insurance and more
- Why ScottishPower
- ScottishPower is part of the Iberdrola Group, one of the world’s largest integrated utility companies and a world leader in wind energy. With a commitment to generate all of our energy from renewable resources and a drive to create the energy infrastructure of the future, we’re at the forefront of the journey to Net Zero and investing over £6m every working day to make this happen. With diverse opportunities across our businesses and a commitment to invest in our own internal talent, ScottishPower can offer people real career opportunities that meet personal and professional goals, in a global organisation.
- Inclusion, diversity, and a social purpose are at the heart of everything we do. Together with our values, they bring us together into a stronger, more sustainable business with direct links to the communities we serve. It takes all kinds of people to build a large-scale business like ours, so whatever your background, you’ll fit right in.
- ScottishPower is committed to providing reasonable support or adjustments in our recruiting processes for candidates with disabilities, long term conditions, mental health conditions, or who are neurodivergent or require pregnancy-related support. If you need support, please reach out to
- careers@scottishpower.com
- .
- Mobility
- Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country. If/when required, the Company will support the employee with the necessary Immigration requirements.
- I
- MPORTANT
- Advert will close at 23:59 GMT the day before
- Job Posting End Date
- below
- May-14-2026