JOB SUMMARY

Ofgem is Great Britain’s independent energy regulator. Our primary responsibility is to protect energy consumers, especially the most vulnerable, while at the same time working with government, industry and consumer groups to deliver a clean, more affordable and secure net-zero energy system at the lowest cost to consumers, and drive economic growth.
What we do matters: making a difference to people’s lives now, and for generations to come. We offer a diverse range of flexible working career opportunities: roles that are stimulating and rewarding. And it’s important to us that we recruit from a wide range of professional and personal backgrounds – bringing different perspectives and experiences to our work.
To promote a financially resilient market, our Financial Advisory teams undertake market monitoring activity and provide financial advice and analysis on a wide range of market issues. Our team plays a vital part in providing expert financial advice on new market entrants, the financial health of established suppliers, trade sales, market and supplier-specific financial risks and critical policy decisions. In this role you will offer expert financial advice on regulated retail and commercial activities.

JOB DESCRIPTION

Working with a wide range of internal and external stakeholders, you will provide input on key finance issues, such as cost of capital, capital structures for regulated entities. More broadly, you will support Ofgem’s corporate and regulatory finance work across all areas of the organisation, providing corporate and regulatory finance advice to policy and other teams. You will also offer technical advice on the cost of debt and equity, gearing, rating agencies and other issues.
It’s a role that will suit someone with Great quantitative and qualitative analytical skills with demonstrable experience of analysis techniques, risk assessments and operational expertise. You’ll enjoy developing, planning and delivering projects, requiring minimal supervision and you should offer good all-round communication skills. You should have a good knowledge of project management and analytics and be confident in detailed financial statement analysis. It’s important that you can build positive relationships with different stakeholders.

TECHNICAL SKILLS

We’ll assess you against these technical skills during the selection process:

• Please refer to the Candidate Pack and Role Profile attached for full details.

NATIONALITY REQUIREMENTS

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements

KEY RESPONSIBILITIES OF THIS ROLE

• Assist in the monitoring of the licensees’ ring fence submissions and financial resilience measures and where required identify efficiencies and improvements to the licence, guidance, reporting framework and review process.
• Support in providing technical finance advice relating to ring fence compliance and financial resilience matters including licence derogation requests and finance advice on new licence applications.
• Engage and collaborate with internal and external stakeholders on matters related to ring fence compliance and financial resilience. External stakeholders include, but are not limited to, HM Government, sector regulators, UK Regulators Network and regulated companies.
• Prepare high quality documentation of all analysis and decisions.
• Work collaboratively with colleagues across Regulatory Finance to support the team’s contribution to the overall Ofgem work plan.