Finance Analyst

4 weeks ago

Warwick, United Kingdom National Grid Full time

We’re looking for a passionate Finance Partner  to join our Capex Portfolio team. This team is responsible for NGET’s capital investment plan valuing at c£20bn over the next 10 years. Aimed at a high performing individual who is seeking to understand NGET’s regulatory deal and understand how different capex components of the framework work in practise.  

 

This role involves playing a key role in the development of NGET’s regulatory T3 Price Control business plan, by working closely with the business to ensure an optimal, well justified plan is submitted to the regulator, Ofgem. The role will provide insight into the strategic context underpinning what the NGET business does and the complexities it faces with developing a robust plan.

 

This role is based out of Warwick 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
  • Understand the regulatory framework and be able to articulate and advise on how NGET makes money under the RIIO deal.
  • Coordination and consolidation of business plan submissions from different parts of the NGET business for both internal and external versions of the plan.
  • Assure and challenge business plan submissions to ensure optimal plans are created for the December 2024 final business plan submission to Ofgem.
  • Work with closely with the business to develop, review and challenge robust justification and Cost Benefit Analysis for key projects, ensuring optimal submissions are put forward to Ofgem.
  • Develop analysis and propose solutions for allowance mechanisms such as Real Price Effects, Closely Associated Indirect and other areas of cost based on lessons learnt from the RIIO-T2 framework.
  • Analyse RIIO-T2 funding request submissions i.e., Reopeners in order to obtain optimal allowances from Ofgem for key projects.
    • For example, LOTI – Large Onshore Transmission Investment over £100m and MSIP – Medium Sized Investment projects. Under RIIO-2, these submissions have increased in volume as well as their significance and the majority of the capex work NGET is due to undertake over the next decade requires securing allowances through such submissions, ahead of the RIIO-T3 price control.
  • Responsible for responding to Ofgem queries and ensuring a consumer lens is applied.
What You'll Have
  • A Qualified Accountant, ideally with an external audit or consulting background.
  • Experience working within a financial control environment across Business and financial controls and frameworks (COSO).
  • Good understanding of core financial processes.
  • Proactive self-starter with ability to manage own workload, to time and desired levels of quality.
  • Pragmatic can adapt quickly to a changing environment and can adapt approaches and utilise and align skills to different customer groups.
  • Ability to set and manage customer expectations and manage key stakeholder. 
  • Experience of a regulated utility environment will be plus.
  • Strong stakeholder management, influencing and collaboration skills.
  • Strong results orientation.
What You'll Get

Up to £52,000 dependent on experience.

 

Plus: 

 

  • Annual Bonus (based on personal and company performance) and annual salary review.
  • Competitive contributory pension scheme (we double-match your contribution to a max company contribution of 12%.
  • 26 days holiday (plus the opportunity to buy more each year).
  • Life Insurance at 10 x your basic salary.
  • Financial support to help cover the cost of professional membership subscriptions, course fees, books, exam fees and time off for study leave – relevant to your role.
  • 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.
  • Career development, ongoing training and support, career progression and plenty of opportunity to progress
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 10th June 24, with interviews due to take place w/c 17th June 24 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

 

Inclusion and Diversity is not just about race, ethnicity, gender, or sexual orientation. It is about our employees who wake up every day to serve our 20 million customers. At National Grid, we aim to create an environment where everyone is welcomed for who they are and where our differences are not only accepted but are celebrated. We understand the value that a diverse team can add to our organisation and that is why we model inclusive behaviour starting with senior leadership. National Grid utilises the insights of our employees that come from all different cultures, backgrounds, and beliefs to better serve our customers and communities who are in the fore front of everything we do.

 

 

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