Senior Financial Advisor - London, United Kingdom - OFGEM

OFGEM

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

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Description

Details:

Reference number:

Salary:

- £43,650 - £59,999

London £46,250£59,999 National £43,650£55,999. Please ensure that you read the Pay and Reward information for civil service and internal colleagues before applying.
A Civil Service Pension with an average employer contribution of 27%
Job grade:

Grade 7

Level 2b
Contract type:
Permanent
Business area:
Financial Resilience & Controls
Type of role:
Corporate Finance
Debt Management
Finance
Working pattern:
Flexible working, Fulltime
Number of jobs available:
1Contents

Location

About the job

Benefits:

Things you need to know

Location

Cardiff, Glasgow, LondonAbout the job

Job summary:

Shape the financing of the energy sector by taking a leading role in debt advisory.

As the UK's regulator for the energy industry, Ofgem works on behalf of energy consumers to ensure that every household and business in the UK can rely on a safe, affordable and environmentally sustainable energy supply.

We take a keen interest in the cost of capital, finance ability and capital structures of the organisations we regulate.

Our Corporate Finance team offers assessment, advice and thought leadership in this critical area.

As a specialist in debt and credit, you will advise policy and other teams on network price controls, the retail sector, and new sectors such as regulated nuclear and carbon capture utilisation and storage.

You will also support the development of competitive regimes for offshore and onshore transmission, and other discrete infrastructure projects.

We'll also look to you for input on key debt and finance ability issues, including Ofgem's financial resilience work across the organisation.

With a background in a regulatory or economic environment or a financial institution, you'll bring extensive debt and financing experience.

Holding a recognised professional qualification (CCAB, CFA, MSc Finance) or able to demonstrate relevant finance or commercial experience, you'll have a strong record of achievement.

Understanding of debt structures such as securitisations, financial covenants and ratings agency methodologies would be an advantage, as would knowledge of financial modelling.

A proven ability to see the big picture and make effective decisions is important, along with strong communication skills and a capacity to deliver at pace.

For more information on this role and to hear from the team please join our recruitment Open Event on Wednesday 14th February at 12.30pm free on the link below.

Job description:

Organisation Purpose
The current energy market environment is unprecedented, with geopolitical issues leading to volatility in global energy prices.

Now more than ever we need to go further and faster in pursuing the country's climate goals and reduce our reliance on fossil fuels to protect ourselves from similar future price shocks.

Such challenging times require bold action.

We are looking for people to meet the challenges we face head-on, and help us deliver a greener, fairer energy system.

Team Purpose

The Financial Advisory sub-profession is a dynamic, friendly, and inclusive team consisting of financial experts with a range of financial skills and backgrounds.

It provides advice to the organisation on corporate and regulatory finance issues, has financial oversight of the retail market, as well as leading on the operation and implementation of Ofgem's RIIO price controls.

It has sub-teams in Corporate Finance, Finance Policy, Strategic Planning and Investor Relations, Regulatory Reporting, Commercial Advisory, Retail Financial Monitoring and Financial Modelling.

From a base within the Corporate Finance team, you will have the opportunity to work on a wide range of cross-Ofgem projects that require your skills and expertise.

Person specification:

Key Responsibilities of this Role

Provide highquality advice and guidance on matters relating to debt financing and finance ability issues across the subsectors that Ofgem regulates.
Contribute to work on allowed debt returns and finance ability within price control frameworks.
Provide tailored support to nascent sectors such as New Nuclear, Carbon Capture and Storage and Hydrogen.
Engage with internal and external stakeholders on matters related to debt financing, structuring and returns. External stakeholders include, but are not limited to, HM Government, sector regulators, UK Regulators Network, regulated companies, investors and credit rating agencies.
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.
Lead training in area of expertise and actively support the development of colleagues.

Essential Criteria