Principal Financial Advisor - London, United Kingdom - OFGEM

OFGEM
OFGEM
Verified Company
London, United Kingdom

2 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

Details:


Reference number:


Salary:

- £56,000 - £99,384
  • A Civil Service Pension with an average employer contribution of 27%
    Job grade:
  • Grade 6
  • Level 3
    Contract type:
  • Permanent
    Business area:
  • OFGEM
  • Analysis and Assurance
    Type of role:
  • Analytical
  • 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:

Influence the financing of the energy sector by offering expert input on equity issues


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 equity finance, 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 equity financeability issues, including the cost of capital for organisations Ofgem regulates.


With a background in a regulatory or economic environment or a financial institution, you'll bring extensive equity finance experience, ideally with some exposure to the energy sector.

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 the requirements of public and private equity investors, including risk/return trade-offs, investment approaches and drivers of value 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:


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 equity financing and financeability issues across the subsectors that Ofgem regulates.
  • Lead work on allowed equity returns and financeability 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 equity financing 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 highquality 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.
Key Stakeholder Relationships

Internal

  • Team, Workstream and Portfolio Managers
  • Experts/Technical Specialists
  • Heads of Professions
  • Professional Development Leads
  • Profession Officers
External

  • Other Government Departments
  • Other Regulators, including UKRN
  • Regulator counterparts, consultants, academia, and think tanks (as appropriate)
  • Energy Sector companies
  • Investor community, including rating agencies
Essential Criteria
-
Have a recognised finance qualification, eg CCAB, CFA, MSc Finance or have relevant finance or commercial experience, that can be demonstrated by proven record of high performance and substantial achievements in past positions.

(LEAD):


  • Excellent written and verbal communication skills to communicate effectively complex issues to nonexpert a
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