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.
Key Responsibilities and Outputs
- Lead on workstreams to a high standard, ensuring that high-quality outputs are delivered in a timely manner
- Advise on or contribute to retail market interventions, providing financial expertise to other Ofgem or wider HMG teams
- Work with a wide range of internal and external stakeholders, ensuring that expectations are clearly set and managed
- Using your expertise, provide inclusive knowledge sharing, support and development that demonstrate commitment to Ofgem values.
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 (e.g. CCAB, CFA, MSc Finance) and/or relevant financial/commercial experience, that can be demonstrated by proven record of high performance and substantial achievements in past positions
- Experience running and leading complex projects with minimal supervision ensuring that financial analysis and other outputs are delivered to a high standard
- Extensive experience of working collaboratively within a diverse team
- Excellent written and verbal communication skills to communicate effectively complex issues to non-expert audiences
- Ability to build effective relationships and successfully influence and challenge external stakeholders
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
Technical Skills
We'll assess you against these technical skills during the selection process:
- Please see Candidate Pack for details