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. Record increases and volatility in global prices have put the energy market under severe strain, and pricing is the subject of intense interest from retail consumers, stakeholders and government alike. We are looking for a financial expert with a background in analysis, modelling and forecasting, to provide economic or financial expertise and analysis to other teams on policy, regulatory and strategic decisions lead on the financial oversight of the retail market and in line with Ofgem's Financial Responsibility Principle rules, which is a set of requirements upon energy suppliers to minimise the extent of costs to be mutualised in the event of their failure. Your role will be to benefit consumers by providing financial or economic expertise (such as analytical or modelling support) on retail market decisions. This could include for example assessing suppliers' business models, their growth and recapitalisation strategies or wider market trends to support on a variety of special projects. Further information on Ofgem's financial resilience proposals can be found in our Statutory Consultation on Strengthening Financial Resilience.1 Ofgem has a culture of inclusion that encourages, supports and celebrates the diverse voices and experiences of our colleagues. It fuels our innovation and helps ensure we can best represent the consumers and the communities we serve. Everyone is welcome - as an inclusive workplace, our employees are comfortable bringing their authentic selves to work. Purpose Lead on complex special projects involving bespoke retail market financial and commercial analysis. Operate as Ofgem's internal retail finance expert, providing expert advice on suppliers' business models, financial performance or market trends to internal teams and senior leadership as well as wider Government departments. Be the focal point and expert in a multi-disciplinary Financial Monitoring team as well as being a leader in a wider Financial Resilience function across Ofgem. Plan, oversee and deliver a set of work deliverables on time and to a high standard through effective project management and support of multidisciplinary team members. Provide inclusive leadership, using your expertise to provide comprehensive knowledge sharing, support and development that demonstrate commitment to Ofgem values. Person specification Key Responsibilities: To support the team deliverables, that utilise your expertise to ensure successful outcomes across team members and collaborating teams Use your financial expertise to lead on the monitoring of supplier financial resilience. Use your expertise to understand the complexities of the energy retail market, licence conditions, and reporting frameworks used to collect and analyse financial and operational information from licensees. Advise and oversee colleagues and team members to provide robust analysis and challenge of supplier's compliance with financial resilience rules. Review data relating to the financial position and performance of licensees under different stress-testing scenarios and the financial projections submitted by new licence applicants. Collaborate closely with other teams to manage interdependencies, risks and resourcing to support portfolio delivery. Essential Criteria Have a recognised finance qualification (e.g. CCAB, CFA) and/or relevant financial/commercial experience, that can be demonstrated by proven record of leading multifunction teams or implementing complex work programmes or projects. (LEAD) Extensive experience in financial or economic analysis or data analytics, that can be demonstrated by proven record of high performance and substantial achievements in past positions. (LEAD) Extensive experience in financial performance analysis, credit analysis & scenario modelling. Prior experience in being able to assess, manipulate and meaningfully analyse complex data sets. Extensive experience of managing a range of internal and external stakeholders and working collaboratively with diverse colleagues. The ability to prioritise numerous workstreams to meet challenging deadlines. Behaviours We'll assess you against these behaviours during the selection process: Making Effective Decisions Working Together Delivering at Pace 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 £61,446, OFGEM contributes £17,800 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 Selection process details This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Experience and Technical skills. When you press the 'Apply now' button, you will be asked to complete personal details (not seen by the sift panel), your career history and qualifications. You will then be asked to provide a 1250 word 'personal statement' evidencing how you meet the essential and desirable skills and capabilities listed in the role profile. Please ensure you demonstrate clearly, within your supporting statement, how you meet each of the essential and desirable skills and capabilities. The Civil Service values honesty and integrity and expect all candidates to abide by these principles. Ofgem take any incidences of cheating very seriously. Please ensure all examples provided are of your own experience. Any instances of plagiarism or other forms of cheating will be investigated and, if proven, the relevant applications will be withdrawn from the process. Feedback will only be provided if you attend an interview or assessment. Security Successful candidates must undergo a criminal record check. People working with government assets must complete baseline personnel security standard (opens in new window) checks. 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) Working for the Civil Service The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants. We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window). The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria. The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy. Diversity and Inclusion The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window) .