Financial Analyst

2 weeks ago

Cardiff, United Kingdom Ofgem Full time
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
  • 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.
  • Work with a wide range of internal and external stakeholders.
  • Using your expertise, provide inclusive knowledge sharing, support and development that demonstrate commitment to Ofgem values.
  • Project coordination of key tasks and interdependencies within the team.

Key Outputs and Deliverables
  • Use your expertise to support on monitoring supplier financial resilience.
  • 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.
  • Deliver work objectives, milestones, and achieve success metrics to a high standard.
  • Collaborate closely with other teams and identify interdependencies.
  • Provide and present analysis on one off or special projects.
  • Support on policy decisions.

Person specification

Essential Criteria
  • Finance qualification (e.g. CCAB, CFA) and/or comparable financial/commercial experience. (LEAD)
  • 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.
  • 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.
  • Extensive experience of working collaboratively within a diverse team.
  • 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:
  • Seeing the Big Picture
  • Changing and Improving
  • Communicating and Influencing
  • Delivering at Pace

Technical skills

We'll assess you against these technical skills during the selection process:
  • 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. 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 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.

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 Technical skills.

When you press the 'Apply now' button, you will be asked to complete personal details (not seen by the sift panel), and upload a copy of your CV anonymising all details where necessary.

You will then be asked to answer 3 Technical Questions evidencing how you meet the essential and desirable skills and capabilities listed in the role profile. Please ensure you demonstrate clearly, within these answers how you meet each of the essential and desirable skills and capabilities.

The Civil Service values honesty and integrity and expect all candidates to abide by these principles. Ofgem take any incidences of cheating very seriously. Please ensure all examples provided are of your own experience. Any instances of plagiarism or other forms of cheating will be investigated and, if proven, the relevant applications will be withdrawn from the process.

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) .

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