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.
After the initial deployment, you will have the opportunity to work flexibly across Ofgem as a member of your Profession, working on cross-Ofgem projects, and/or in teams that require your skills and expertise.
To support the team deliverables, utilising your expertise to ensure successful outcomes across the team and wider profession
- 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.
- 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.
- Identify or set clear and transparent work objectives, milestones, and success metrics and lead on successful outcomes.
- Collaborate closely with other teams to manage interdependencies and risks
- Understanding and modifying the Licence conditions, Price Control Financial Instruments and regulatory reporting templates used to gather data from licensees;
- Lead drafting and preparing of regulatory reporting templates and guidance including reviewing the relevant reported data that feeds into the Price Control Financial Model;
- Provide a view on the operation of the Price Control Financial Model and the data environment surrounding it;
- Be the focal point for financial regulatory reporting and the revenue-setting process;
- Helping develop a systematic approach to handling data to facilitate more efficient and timely processes and higher quality of analysis and decisions
Person specification
- 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
- Have experience in the process of developing and managing a range of options and decisions that aligns with your organisations priorities
- Run complex projects with minimal supervision ensuring that financial analysis and other outputs are delivered to a high standard
- Excellent written and verbal communication skills to communicate effectively complex issues to non-expert audiences.
- Ability to process and communicate complex information and data
Behaviours
We'll assess you against these behaviours during the selection process:
- Seeing the Big Picture
- Changing and Improving
- Communicating and Influencing
- Delivering at Pace