Senior Cost Analyst – Low Carbon Projects

at  Ofgem

JOB SUMMARY

Are you ready to be at the forefront of an energy revolution? Ofgem is not just leading the charge towards a Net Zero future - we are the driving force behind the transformation of the UK’s energy sector. We are currently on the hunt for two Senior Cost Analysts to take on an exciting challenge and play a pivotal role in meeting our decarbonisation goals.
Ofgem is Great Britain’s independent energy regulator. We’re at the forefront of change across the energy sector, driving toward Net Zero whilst protecting energy consumers - especially vulnerable people.
We’re offering two permanent, full-time roles with opportunities to expand your expertise, take on high-profile projects and build a diverse skill set in the energy sector. This varied role allows you to take ownership of key projects that are currently shaping the future of the energy sector, supporting our mission to ensure a sustainable and affordable energy supply for everyone.
You’ll work alongside our talented teams, providing advice and guidance to support evidence-based decisions, promote regulatory compliance and push the boundaries of what’s possible in the journey to Net Zero. This role offers the perfect blend of challenge and opportunity, with the chance to collaborate with industry experts, drive real change and develop professionally along the way.
We’re looking for individuals who are excited by the complexities of the energy sector and have experience in energy, infrastructure or regulatory environments. You’ll need experience in the operation or regulation of infrastructure or utility companies (or similar), and in return you’ll find all the resources and support you need to thrive and make a meaningful impact.
What’s more, we offer fully flexible working, including condensed hours and a hybrid working model, with just one day a week in our stunning, modern offices in London, Glasgow or Cardiff. You’ll enjoy a fantastic range of benefits and rewards, all within a collaborative and supportive environment where your expertise is valued, and teamwork is key.
We have a critical purpose in the fight against climate change and the drive towards a carbon-neutral future, and this is your chance to enhance your professional profile and take on meaningful, high-impact work in the energy sector.
Read on and find out more.

JOB DESCRIPTION

The Low Carbon Regulated Asset Base (RAB) team is a collection of high performing, collaborative, and flexible staff, working across a number of new and exciting policy areas. Our work is excitingly varied from advising the Department for Energy Security and Net Zero (DESNZ), and His Majesty’s Treasury (HMT) on regulatory and strategic issues, developing new approaches to financing large scale energy investment, regulating new energy technologies and services, to developing policy crucial for meeting our decarbonisation goals.
Some of the team’s remit currently includes carbon capture use and storage (CCUS), new nuclear investment, and hydrogen transport.
As part of a cooperative and interdependent team of policy, finance, engineering, legal and regulatory experts, new joiners to the team will have the opportunity to take responsibility for managing aspects of the programmes.
Senior Cost Analyst (G7/2b): We are currently recruiting for two Senior Cost Analysts for policy implementation with an analytical, technical or accounting focus across the LC RAB programmes. The analytical skills and outputs required for the roles are similar, but the roles have slightly different purpose as per below.

Role 1: cost assessment

• Becoming the team’s expert on Track 1 CCUS T&S Networks and proposed H2 Transport projects, with a comprehensive understanding of the project’s design, implementation, cost estimate maturity, risks, and programme progress.
• Being the first point of contact at a working level for prospective licensees, building a strong relationship with Licensee’s and furthering Ofgem’s reputation as a dependable stakeholder.
• Planning, overseeing and delivering work on time and to a high standard through effective organisation and prioritisation of requests for support from multidisciplinary team members.

Role 2: reporting and cost logging

• For the LC RAB programmes, monitoring, reviewing, managing and verifying licensee’s regulatory submissions (RIGs - regulatory instructions and guidance).
• Verifying and managing costs reported by licensees, to protect network users and consumers certain categories of project overspend (cost logging).
• Developing and maintain a structured record management system for cost logging and project delivery. This will include licensee and other stakeholders’ engagement and governance.
• Planning, overseeing and delivering work on time and to a high standard through effective organisation and prioritisation of requests for support from multidisciplinary team members.

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.

Benefits
Alongside your salary of £45,614, OFGEM contributes £12,315 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.
Ofgem can offer you a comprehensive and competitive benefits package which includes; 30 days annual leave after 2 years; Excellent training and development opportunities; The opportunity to join the generous Civil Service pension which also includes a valuable range of benefits; Hybrid working (currently 1 day a week in the office but is in review), flexible working hours and family friendly policies. Plus lots of other benefits including clean and bright offices based centrally, engaged networks and teams and an opportunity to contribute to our ambitious and important targets of establishing a Net Zero energy system by 2050. This exciting blend of professional challenge and personal reward identifies career opportunities at Ofgem as something to get excited about.
Things you need to know

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) (opens in a new window)
• 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 (opens in a new window)

Role 1: cost assessment

• Becoming the team’s expert on Track 1 CCUS T&S Networks and proposed H2 Transport projects, with a comprehensive understanding of the project’s design, implementation, cost estimate maturity, risks, and programme progress.
• Being the first point of contact at a working level for prospective licensees, building a strong relationship with Licensee’s and furthering Ofgem’s reputation as a dependable stakeholder.
• Planning, overseeing and delivering work on time and to a high standard through effective organisation and prioritisation of requests for support from multidisciplinary team members

Role 2: reporting and cost logging

• For the LC RAB programmes, monitoring, reviewing, managing and verifying licensee’s regulatory submissions (RIGs - regulatory instructions and guidance).
• Verifying and managing costs reported by licensees, to protect network users and consumers certain categories of project overspend (cost logging).
• Developing and maintain a structured record management system for cost logging and project delivery. This will include licensee and other stakeholders’ engagement and governance.
• Planning, overseeing and delivering work on time and to a high standard through effective organisation and prioritisation of requests for support from multidisciplinary team members