Details Reference number 349885 Salary £53,531 - £67,400 London: £55,651 - £67,400 / Leeds: £53,531 - £65,281. (Secondment salary to be negotiated with current employer) A Civil Service Pension with an average employer contribution of 27% GBP Job grade Grade 7 Range E Contract type Permanent Loan Secondment Length of employment This post is available on a permanent basis or as a loan or secondment of between 9 - 18 months. Type of role Analytical Commercial Corporate Finance Economist Project Delivery Working pattern Flexible working, Full-time, Part-time Number of jobs available 1 Contents Location About the job Benefits Things you need to know Apply and further information Location Leeds, London About the job Job summary About the National Infrastructure Commission By joining the National Infrastructure Commission (NIC), youll be playing a key role in delivering independent advice to government on the UKs long-term infrastructure needs. We do this to help support sustainable economic growth across the whole of the UK, improve competitiveness and ultimately improve the quality of life of UK citizens. We are a collaborative team of civil servants and industry secondees working to support the Commissioners in offering forward-thinking recommendations based on a rigorous approach to evidence and consultation and to monitor governments progress in implementing those plans. The Commissions core responsibilities include: producing a National Infrastructure Assessment once every five years, setting out the Commissions assessment of long-term infrastructure needs with recommendations to government on how to meet them; carrying out in-depth studies into the UKs most pressing infrastructure challenges, making recommendations to government; and monitoring the governments progress in delivering infrastructure projects and programmes recommended by the NIC. The National Infrastructure Commission is looking for an infrastructure/capital financing expert and/or regulatory specialist to lead its cross-sector advice on economic regulation and infrastructure funding and finance. This is a new role in the NIC and was created to reflect the unprecedented pressure and pace required to enable delivery of the UKs pressing economic infrastructure needs over the coming decades against headwinds of tight public budgets and volatile investor sentiment. It will build on the Commissions reputation for robust and innovative analysis of strategic infrastructure issues, working closely with policy, analysis and strategy professionals within multidisciplinary project teams. The post holders will report to the NICs Chief Economist and will be expected to provide impactful strategic, analytical and policy insights across all economic infrastructure sectors and related funding and financing business models; leveraging industry/expert insights, evidence and cutting-edge thinking to support scoping and direction-setting; be strategic and consider wider political, economic and social solutions; taking charge of rigorous quality assurance processes for their own and others work; and collaborating with regulators, infrastructure delivery and financing organisations and colleagues from other disciplines/backgrounds to ensure evidence is visible, relevant and impactful. The Commissions work is highly varied, and the post holder can expect to develop deep knowledge of economic infrastructure sectors they work across, including: Planning and delivering powerful insights and recommendations on infrastructure financing business models, across public, private, private-public and regulated sectors (eg. project debt, equity and hybrid models; utilising knowledge of project finance markets; economic regulatory models, e.g. RAB; and international best practice) Developing a deep understanding on major cost drivers across infrastructure delivery in all sectors, seek out best practice in reducing these across sectors (e.g. regulatory models, market structures, procurement or financing options) Developing and leveraging relationships with government, industry, academia and international expertise to advise and steer the Commissions work Deepening the Commissions evidence base across recommendations in the second National Infrastructure Assessment Supporting the wider sectoral teams on project finance and regulated sectors insights and advice relevant to all economic infrastructure sectors. Person specification Essential behaviours, experience and skills: Please note that you will need to refer to the below in your application form. Form expert strategic views, appreciating detail but being able to stand back and see the bigger picture, to drive direction and advise policy and analysis. This includes being able to follow closely, understand and quickly adapt to how wider changes in the economy, markets and political landscape and how these impact infrastructure investment and advice of the NIC. Communicate with others in a clear, honest and enthusiastic way. Explain complex issues in a way that is easy to understand and communicate effectively in writing. Form effective partnerships and relationships with people both internally and externally, from a range of diverse backgrounds, sharing information, resources and support. Deliver timely and quality outcomes across sometimes competing priorities through identifying the right resource to do the job, setting realistic plans, reviewing and adjusting plans and performance expectations. Evidence of substantial experience working in a capital/infrastructure financing facing role and/or in a economic regulatory capacity, preferably with some application in a strategic and policy context. You will have the ability to set direction and deliver high quality influential quantitative analysis and be able to distil into strategic insights and recommendations. Qualifications We welcome applications from a range of relevant backgrounds and with experience in infrastructure funding and financing, regulatory economics and/or major capital projects/portfolio analysis. Qualifications will include either a relevant professional finance qualification and/or degree in a relevant subject such as economics, finance and/or equivalent quantitative subject. Behaviours We'll assess you against these behaviours during the selection process: Seeing the Big Picture Communicating and Influencing Working Together Delivering at Pace Benefits Alongside your salary of £53,531, National Infrastructure Commission contributes £14,453 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides. 25 days annual leave (rising to 30 after 5 years), plus 8 public holidays and the Kings birthday (unless you have a legacy arrangement as an existing Civil Servant) Flexible working patterns (part-time, job-share, condensed hours) Access to a generous Defined Benefit pension scheme with an average employer contribution of 27% Access to a cycle-to-work salary sacrifice scheme, season ticket advances and payroll giving Access to a retail discounts and cashback site A Rental Deposit Advance Scheme to help meet the total costs of deposits for privately rented homes Things you need to know Selection process details This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours and Experience. As part of our pre-employment security checks, if you are invited to interview and are not a current NIC member of staff, you will need to bring: Proof of identity, e.g. your passport or drivers licence. Documents must be in date and valid. Proof of address, e.g. a utility bill or bank statement issued within the past 3 months. Proof of your National Insurance (NI) number, e.g. letter from DWP confirming your NI number, or P60. If you do not bring a UK or EU passport, you will need to bring other documentation of your right to work in the UK, e.g. your visa, biometric residence permit or birth certificate. Further details regarding acceptable documents will be provided in the invitation to interview. Please let us know if your contact details change at any time during the selection process. Eligibility Statement Individuals appointed to the Treasury Group will be subject to National Security Vetting. To allow for meaningful checks to be carried out applicants will normally need to have lived in the UK for at least 3 out of the past 5 years. A lack of UK residency in itself is not always a bar to security clearance but the Department will need to consider eligibility on a case by case basis using all information that can be obtained following a successful application. Feedback will only be provided if you attend an interview or assessment. Security Successful candidates must meet the security requirements before they can be appointed. The level of security needed is counter-terrorist check (opens in a new window).See our vetting charter (opens in a new window). 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