Join to apply for the Financial Advisor - Financial Resilience Monitoring role at Ofgem
We especially welcome applicants from Glasgow and Cardiff.
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.
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.
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.
* 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.
Essential Criteria
* Have or working towards a recognised finance qualification, e.g. CFA, MSc Finance or have relevant finance or commercial experience.
* Ability to process and communicate complex financial information and data to varied audiences.
* Experience of building internal & external relationships at all levels.
* Knowledge and awareness of Ofgem’s activities, including broad working knowledge of the UK’s political/regulatory landscape and the energy industry.
* Highly proficient with Word, PowerPoint and Excel.
* Confident in problem solving with experience using complex information in order to enable effective decision-making.
Desirable Criteria
* A motivated, self-starter who develops, plans and delivers work outcomes, including setting clear and transparent work objectives, milestones and success metrics.
* Have experience of developing and managing a range of options and decisions that align with your organisation’s priorities.
Behaviours
* Making Effective Decisions
* Working Together
* Communicating and Influencing
* Delivering at Pace
Technical skills
We'll assess you against these technical skills during the selection process.
Job Contact
* Name : Emma Tosh
* Email : recruitment@ofgem.gov.uk
Alongside your salary of £34,123, OFGEM contributes £9,885 towards you being a member of the Civil Service Defined Benefit Pension scheme.
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.
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