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There’s never been a more exciting time to join our Regulatory Finance function!
National Grid is at the heart of delivering the transition to Net Zero and meeting the Governments targets. In order to deliver this, we will need to ensure we have the right regulatory frameworks to support this fundamental change to the energy industry.
We’re looking for a passionate Regulatory Finance Lead – ED3 to join our Regulatory team! As a Regulatory Finance Lead, will play a key part in the agreement of the next Electricity Distribution regulatory price control with our regulator, OFGEM. This agreement will set our revenues and financial framework for FY28-FY32 and this role will be key to delivering a positive outcome.
The role will provide a key interface between Ofgem, other external stakeholders and the Electricity Distribution business to develop the financial elements of the regulatory price control arrangements and regulatory submissions. This role will be responsible for the agreement of the financial framework including return and revenue and involve building evidence for the target financial parameters, the financeability assessment and delivering NGEDs finance submission and consultation responses. The role has significant exposure to internal governance up to group exec level.
This role is based out of our Warwick office, with flexibility to work in our London Strand office, and we’d hope to see you at least two days per week but you’re welcome to be in the office more often if that would work best for you. We’re happy to discuss any additional flexibility in working patterns or requirements that you feel could help to make this job work for you!
What You'll Do
* Lead and ownership on all WACC, financeability and risk / reward elements of the price control.
* Responsible for leading the team who will author the Finance section of the final business plan submission and supporting evidence.
* Contracting and liaising with specialist consultants supporting WACC and financeability workstreams.
* Leading strategic thinking on these elements of the plan and leading internal communications and stakeholder management.
* Ensuring internal business planning products reflect latest intelligence from price control and maintain link to Ofgem submissions.
* Principal contact for Ofgem finance lead on cost of capital and financeability.
* Main interface between Price Control team and Group finance teams (FP&A, treasury, investor relations).
* Engaging with NG Stakeholder User group, other energy neworks, government and stakeholder groups on risk / reward topics and customer bill impacts.
What You'll Have
* Fully Qualified Accountant (ACA, ACCA, CIMA etc).
* Experience at regulated infrastructure business within regulatory finance team or experience within corporate finance teams.
* Excellent communicator and influencer with extensive experience of working with a broad range of senior finance and regulation professionals.
* Good stakeholder management and proven leading virtual teams.
* Articulate and able to lay out arguments in clear, succinct and persuasive manner in writing and verbally.
* Understanding WACC/financeability elements and judgements.
Don’t meet every single requirement? Studies have shown that women and people of colour are less likely to apply for jobs unless they meet every single qualification. At National Grid, we are committed to building a diverse, inclusive, and authentic workplace for everyone. So, if you’re excited about this role but your experience or qualifications don’t match the job description exactly, we encourage you to apply anyway. You might just be the right person for our growing business in this role or another one.
What You'll Get
Competitive Base Salary dependent on experience.
Plus:
* Up to 20% Annual Bonus (based on personal and company performance).
* 28 days annual leave, plus eight statutory days in addition.
* A full electric company car or cash alternative.
* Private Medical Insurance.
* The option to buy additional or sell holiday days every year.
* A generous contributory pension scheme - we will double match your contribution to a maximum company contribution of 12%.
* Financial support to help cover the cost of professional membership subscriptions.
* Life Insurance 10 x base salary.
* Access to benefits such as a share incentive plan, salary sacrifice car and technology schemes, support via employee assistance lines and matched charity giving to name a few.
* Family care benefits including a back-up care service for when your usual care arrangements fall through (six paid days each year as standard with the option to purchase further days).
* Access to apps which support health, fitness and wellbeing.
Further Information
This is a hybrid working role from our Warwick office with circa 2 days in the office. The closing date for this vacancy is Midnight 28 May 2025, with interviews due to take place w/c 2 June 2025 onwards. We encourage candidates to submit their applications as early as possible and not to wait until the published closing date. National Grid’s recruitment periods can and may vary. We reserve the right to remove this advert or close it to further applications at any point during the recruitment process.
About Us
Every day we deliver safe and secure energy to homes, communities, and businesses. We are there when people need us the most. We connect people to the energy they need for the lives they live. The pace of change in society and our industry is accelerating and our expertise and track record puts us in an unparalleled position to shape the sustainable future of our industry. To be successful we must anticipate the needs of our customers, reducing the cost of energy delivery today and pioneering the flexible energy systems of tomorrow. This requires us to deliver on our promises and always look for new opportunities to grow, both ourselves and our business
At National Grid, we work towards the highest standards in everything we do, including how we support, value and develop our people. Our aim is to encourage and support employees to thrive and be the best they can be. We celebrate the difference people can bring into our organisation, and welcome and encourage applicants with diverse experiences and backgrounds, and offer flexible and tailored support, at home and in the office. Our goal is to drive, develop and operate our business in a way that results in a more inclusive culture. All employment is decided on the basis of qualifications, the innovation from diverse teams & perspectives and business need. We are committed to building a workforce so we can represent the communities we serve and have a working environment in which each individual feels valued, respected, fairly treated, and able to reach their full potential.
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