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Senior licensee finance adviser

Aberdeen
Finance
Posted: 30 July
Offer description

Our goal is that the NSTA continues to be a ‘Great Place to Work’. Offering a flexible 37-hour week working environment with hybrid model (40% office working) and up to 2 accruable flex days per month. Work life balance is very important to us with a workplace culture that fosters collaboration, respect, and professionalism. In addition, we offer a range of benefits including a competitive pension - employer contribution (28.97%). Brief overview of rol e This is an exciting opportunity to play a key role in the team responsible for shaping and actioning the NSTA’s approach to difficult and complex questions about the financial health of our licensees both now and in the future and putting that approach into practic e. This role would require a qualified accountant or corporate finance professional looking for a new challenge. The role offers the experience of working in the public sector and the opportunity to gain exposure to industry leaders in some of the UK’s largest and most technically and commercially complex industries, including both oil & gas and carbon capture and stora ge. In performing their role, the successful candidate will need to employ both financial and commercial knowledge and experience, working closely with other team members, to balance the benefits of attracting and retaining investment against any risks associated with that investment. This will include forensic due diligence of licensees and investors to inform the NSTA’s decision makers as to the level of financial risk associated with a wide variety of decisions associated with operational and M&A activity within the industry. The successful candidate will also assist the other team members in identifying potential longer term financial threats to the basin and have involvement in due diligence of other areas of importance to the NSTA relating to non-financial matters such as the quality of an entity’s governance structures and its ESG disclos ure. The role will require liaison with senior financial officers of licensees and senior colleagues from the Regulation and Operations directorates of the NSTA and across Government. To be successful the post holder will need to be comfortable building strong professional relationships both inside the NSTA and out. Detailed job description and key responsibi lities Reporting to the Senior Financial Manager, the role requires an aptitude for solving complex, contentious and sometimes high-profile problems and independent w orking.The successful candidate’s duties will i nclude:Undertaking financial diligence and analysis that will play a significant role in informing the decision-making activities of th e NSTA.Interrogating complex financial models, using deep knowledge and experience of financial reporting, commercial activities and funding structures to work efficiently by focusing in on key areas of potential risk across a wide variety of sce narios.Interacting with senior individuals within industry to obtain information required to carry out the role, including clearly and robustly articulating why the NSTA requires certain information to carry out its regulatory duties.Developing strong working relationships with colleagues across the NSTA to enable technical and operational factors to be factored into financial an alysis.Making, and effectively documenting, evidence-based judgements as to the financial risks associated with future events, the true outcome of which may be highly uncertain and subject to a myriad of influencing f actors.Articulating these judgements to senior figures in the NSTA to enable them to effectively defend decisions when the NSTA’s position is challenged via a Judicial Review or other legal p rocess.Working independently and prioritising workload to support the wider NSTA decision making p rocess.Assisting senior team members in reviewing and refining the NSTA’s policies and procedures for assessing licensee financial capa bility.Supporting the NSTA’s approach to identifying commercial or transactional trends that increase the level of overall financial risk in the basin over the longer term and in identifying potentially financially vulnerable lic ensees.Supporting the Senior Finance Manager and Head of Licensee Finance in managing relationships with licensees in financial difficulties and working with them, their advisors and other bodies potentially affected to find solutions acceptable to all p arties.Assisting with non-financial related diligence activities that the NSTA undertakes including the adequacy of corporate governance structures, the implementation of fit and proper requirements and reviewing the quality of ESG related discl osures. Specialist Skills, Qualifications, Experience, Licenses, Memberships or Language E ssential:Qualified CCAB (or equivalent) professional quali fication.An ability to prioritise and take a key role in a small team with competing pr iorities.Experience in interrogating complex financial funding and operational models, identifying both potential issues and potential mitigations and presenting conclusions to senior team members.An ability to articulate a position and defend conclusions robustly when under pressure.Understanding of corporate financing across a range of equity and debt instruments and of the underlying priorities and working practices of banks, private and public equity investors and other financial inst itutions.Experience of the oil and gas sector at a level that provides a base understanding of the key commercial relationships and business practices and the principle technical challenges faced by the industry resulting in an ability to interact with industry colleagues from a commercial, operational and legal background to advise on the financial risks associated with a particular s ituation.Experience of building and maintaining robust and effective relationships across a range of stakeholders, both internally and externally to an orga nization. DesirableRisk management e xperience.Auditing, due diligence or forensic accounting e xperience.Experience working in a public sector or regulatory en vironment.

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