Job summary
Ofgem works on behalf of energy consumers to ensure that every household and business in Great Britain can rely on a safe, affordable and environmentally sustainable energy supply.�
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What we do matters: making a difference to people�s lives now, and for generations to come. We offer a diverse range of flexible working career opportunities: roles that are stimulating and rewarding. And it�s important to us that we recruit from a wide range of professional and personal backgrounds � bringing different perspectives and experiences to our work.�
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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. �
Working with a wide range of internal and external stakeholders, you will provide input on key corporate 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. You will also offer technical advice on the cost of debt and equity, gearing, rating agencies and other issues.�
It�s a role that will suit someone with Great quantitative and qualitative analytical skills with demonstrable experience of analysis techniques, risk assessments and operational expertise. You�ll enjoy developing, planning and delivering projects, requiring minimal supervision and you should offer good all-round communication skills. You should have a good knowledge of project management and analytics and be confident in detailed financial statement analysis. It�s important that you can build positive relationships with different stakeholders.�
Within Ofgem you will be part of our Analysis Profession which will support you in all aspects of personal and professional development. Whether it is formal or informal training or further education we are here to support you in your career in Ofgem.�
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Job description
Purpose
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.�
The Retail Financial Monitoring team is a friendly, dynamic and inclusive team made up of colleagues from different financial, commercial and energy industry backgrounds. The team is responsible for financial oversight of the retail market and providing expert financial advice to inform critical retail market decisions.
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.
Within Ofgem this role is known as Financial Advisor.
Key Responsibilities
1. Contribute to complex projects with appropriate supervision or deliver smaller projects with minimal supervision, ensuring that high-quality outputs are delivered in a timely manner.
2. Work with a wide range of internal and external stakeholders.
3. Using your expertise, provide inclusive knowledge sharing, support and development that demonstrate commitment to Ofgem values.
4. Project coordination of key tasks and interdependencies within the team.
Key Outputs and Deliverables
5. Use your expertise to support on monitoring supplier financial resilience.
6. 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.
7. Deliver work objectives, milestones, and achieve success metrics to a high standard.
8. Collaborate closely with other teams and identify interdependencies.
9. Provide and present analysis on one off or special projects.
10. Support on policy decisions.
Person specification
Essential Criteria
11. Finance qualification ( CCAB, CFA) and/or comparable financial/commercial experience. (LEAD)
12. Great quantitative and qualitative analytical skills, along with a proven record of high performance and achievements in past positions. Demonstrated analysis techniques, risk assessments and operational expertise are essential.
13. Contribute to complex projects and financial data-related tasks with appropriate supervision and deliver smaller projects, workstreams with minimal supervision, ensuring all outputs are delivered to a high standard and in a timely manner.
14. Extensive experience of working collaboratively within a diverse team.
15. Excellent written and verbal communication skills to communicate effectively complex data and analysis to non-expert audiences with the ability to build effective relationships and successfully influence and challenge external stakeholders.
Behaviours
We'll assess you against these behaviours during the selection process:
16. Seeing the Big Picture
17. Changing and Improving
18. Communicating and Influencing
19. Delivering at Pace
Technical skills
We'll assess you against these technical skills during the selection process:
20. Please ensure you demonstrate clearly, within your personal statement, how you meet each of the essential and desirable skills and capabilities listed in the Role Profile.
Benefits
Alongside your salary of �32,498, OFGEM contributes �8,774 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. 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.