Nigel Smith – Chief Financial Officer
Nigel is Chief Financial Officer, leading the Professional Services department. Nigel is a qualified accountant of over 25 years, and prior to joining ELEXON held a number of senior finance roles across a broad range of sectors.
He oversees the work of the Professional Services department which supports the business in all of the areas mentioned below. The department also ensures ELEXON drives cost efficiencies and that the company conducts its operations in a secure and controlled manner.
Teams in the Professional Services department
Commercial Management and Procurement
Helps us achieve our aim to provide value for money to the electricity industry by providing commercial and contractual support and procuring high quality services. The team is CIPS accredited and had a lead role in winning an NOA award in 2012.
Manages meeting room services and ensures that the working environment for our staff is as good as possible. This involves health and safety management, travel and accommodation, starter and leaver processes and reception.
Ensures BSC parties are invoiced for their share of our costs as well as managing cash, debts and investments and paying agents and other suppliers. Finance also produces the budget, annual reports and financial statements.
Manages the recruitment of our new staff as well as the welfare and employee relations of current staff. HR is also responsible for the range of benefits that are available to staff and our Careers website.
Assesses and reports on our internal control structure, advising on how to manage and develop solutions, and monitor the implementation of these solutions.
Drafts legal code for BSC modifications, manages risk, drafts and negotiates agreements, advises the business on matters such as procurement and requirements and BSC interpretations as well as ensuring we are legally compliant.