The current energy market environment is unprecedented, with geopolitical issues leading to volatility in global energy prices. Now more than ever we need to go further and faster in pursuing the countrys climate goals and reduce our reliance on fossil fuels to protect ourselves from similar future price shocks.
Such challenging times require bold action. We are looking for people to meet the challenges we face head-on, and help us deliver a greener, fairer energy system.
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 Ofgems 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.
From a base within the Corporate Finance team, you will have the opportunity to work on a wide range of cross-Ofgem projects that require your skills and expertise.
Key Responsibilities of this Role
* Provide high-quality advice and guidance on matters relating to debt financing and financeability issues across the sub-sectors that Ofgem regulates.
* Contribute to work on allowed debt returns and financeability within price control frameworks.
* Provide tailored support to nascent sectors such as New Nuclear, Carbon Capture and Storage and Hydrogen.
* Engage with internal and external stakeholders on matters related to debt financing, structuring and returns. External stakeholders include, but are not limited to, HM Government, sector regulators, UK Regulators Network, regulated companies, investors and credit rating agencies.
* Prepare high quality documentation of all analysis and decisions.
* Work collaboratively with colleagues across Regulatory Finance to support the teams contribution to the overall Ofgem work plan.
* Lead training in area of expertise and actively support the development of colleagues.
Key Stakeholder Relationships
Internal
* Team, Workstream and Portfolio Managers
* Experts/Technical Specialists
* Heads of Professions
* Professional Development Leads
* Profession Officers
External
* Other Government Departments
* Other Regulators, including UKRN
* Regulator counterparts, consultants, academia, and think tanks (as appropriate)
* Energy Sector
* Investor community, including rating agencies
Person specification
Please ensure you demonstrate clearly within your personal statement, how you meet each of the criteria below (not more than 1250 words).
In the event of receiving a large number of applications an initial sift may take place on just the identified lead criteria indicated below.
ESSENTIAL CRITERIA:
* Debt financing experience gained primarily through a financial institution or regulatory background, including an understanding of debt products and ratings agency methodologies (Lead criteria).
* Financial or commercial experience, that can be demonstrated by proven record of high performance and substantial achievements in past positions. (Lead criteria).
* Extensive experience working collaboratively with diverse teams.
* Ability to process and communicate complex information and data to a wide range of stakeholders.
Behaviours
We'll assess you against these behaviours during the selection process:
* Making Effective Decisions
* Working Together
* Communicating and Influencing
* Delivering at Pace
Benefits
Alongside your salary of 47,895, OFGEM contributes 13,875 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.
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 butthis is keptunderreview), flexible working hours and family friendly policies.Pluslots 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 ofestablishinga Net Zero energy system by 2050. This exciting blend of professional challenge and personal rewardidentifiescareer opportunities at Ofgem as something to get excited about.
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.
When you press the Apply now button, you will be asked to complete personal details (not seen by the sift panel), your career history and qualifications.
You will then be asked to provide a 1250 word personal statement evidencing how you meet the essential criteria skills and capabilities listed in the role profile. Please ensure you demonstrate clearly, within your supporting statement, how you meet each of the criteria listed in the role profile.
Artificial Intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factuallyaccurateand taken directly from your own experience. Where plagiarism has beenidentified(presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action.Please seeour candidate guidance for more information onappropriateand inappropriate use.
Shortlisted candidates may also be invited to asecond-stageinterviewif required.This stage will focus onaselectionofexperience-based questionsdesigned to explore yourpreviouswork experience and how itdemonstratesthe criteria set out in the role profile.
The personal information we have collected from you will be shared with Cifas who will use it to prevent fraud, other unlawful or dishonest conduct, malpractice, and other seriously improper conduct. If any of these are detected, you could be refused certain services or employment. Your personal information will also be used to verify your identity. Further details of how your information will be used by us and Cifas, and your data protection rights, can be found by [ https://www.cifas.org.uk/fpn ].
Feedback will only be provided if you attend an interview or assessment.
Security
Successful candidates must undergo a criminal record check.
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
Further information on nationality requirements (opens in a new window)
Working for the Civil Service
The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.
We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window) .
The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.
The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.
Diversity and Inclusion
The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window) .
Apply and further information
This vacancy is part of the Great Place to Work for Veterans (opens in a new window) initiative.
The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment (opens in new window) .
Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.
Contact point for applicants
Job contact :
* Name : Lisa Buchanan
* Email : recruitment@ofgem.gov.uk
Recruitment team
* Email : recruitment@ofgem.gov.uk
Attachments Role Profile_Senior Financial Advisor Cost of Capital Opens in new window (pdf, 114kB) Finance Risk and Procurement Candidate Pack 437854 Opens in new window (pdf, 601kB) Terms & Conditions April 2025 Opens in new window (pdf, 323kB)