Finance Director

2 months ago

Aberdeen, United Kingdom Department for Energy Security & Net Zero Full time

Job summary

About Great British Energy

Great British Energy will be a publicly owned, operationally independent energy company, designed to drive clean energy deployment, boost energy independence, create jobs and ensure UK taxpayers, billpayers and communities reap the benefits of clean, secure, homegrown energy. Setting up Great British Energy is one of government�s first steps for change and we will do this in a way that means it will have both an early impact and long-term success.

Great British Energy�s mission will be to responsibly accelerate the energy transition - enable and accelerate clean energy deployment, boost energy independence, create jobs and ensure UK taxpayers, billpayers and communities reap the benefits of clean, secure, home-grown energy. Through its five functions (Project development, Project investment and ownership, Local Power Plan, Supply chains and working with Great British Nuclear), Great British Energy will speed up the deployment of mature and new technologies, as well as local energy projects, to support the government�s aim of decarbonising our electricity system by 2030 whilst also ensuring we can meet future demand as we further decarbonise the economy.

To this end and as an example of what it can achieve, we have already agreed a major partnership between Great British Energy and The Crown Estate to accelerate deployment and support UK supply chains. Great British Energy will work collaboratively with industry, local authorities and communities, and other public sector organisations such as the National Wealth Fund, to spread skilled jobs and investment across the country. Great British Energy will be backed by a capitalisation of � billion of new money over this Parliament.

While we go through the process of setting Great British Energy as a publicly owned energy company, these roles will initially be part of the Civil Service, however, will then be transferred to Great British Energy, once the Great British Energy Bill becomes law and the company has the necessary procedures and systems in place to employ people directly so we encourage applications from a wide a diverse range of backgrounds.

In recognition of Scotland�s leading role in the UK�s clean energy revolution, Great British Energy will be headquartered and run from Aberdeen.

More details can be found in the �

Job description

About the Role

The Finance Director will be a pivotal member of the Great British Energy leadership team. Responsible for leading the set up of the organisation�s finance function,implementation of Great British Energy�s funding models, investment, control environment and advancing Great British Energy�s programme of activity whilst maximising value for consumers and taxpayers.

This role will require close working with others in Great British Energy and its partners (such as The Crown Estate) to ensure value from activities is maximised and clear accountabilities are in place, as well as a close working relationships with the DESNZ policy, finance and sponsor teams.

Roles in what will become Great British Energy will initially be undertaken in shadow form within the Department for Energy Security and Net Zero.�They will then be transferred to Great British Energy when the Great British Energy Bill becomes law and the company has the necessary procedures and systems in place to employ people directly."

Key Responsibilities�

As Great British Energy Finance Director your main responsibilities will include:

Work with the Interim CEO and DESNZ Director of Finance and their team to establish and lead a high performing finance function.As part of the Great British Energy leadership team, shape the development of the company�s strategy, culture, values and operating model.Set direction for the financial clarity to Great British Energy�s programme of working, through developing funding models and assessment of financial risks and opportunities, to support sound decision making.Act as a key advisor to the Chair, Board, CEO, and the leadership team on Finance matters. Deliver expert opinion, impartial robust advice and support on all finance related issues in line with expectations of a publicly owned organisation. A close working relationship with Department of Energy Security & Net Zero (DESNZ) will be essential.Build and embed the Finance Function operating model, including creating teams, building capability and developing structures and systems, to provide high quality financial services and support across all operations in conjunction with the DESNZ finance team.Setting the framework and monitor performance against financial targets in line with shareholder expectations and Great British Energy�s strategic objectives and business plan, including returns generated, efficiency, value for money and value for taxpayers, billpayers and communities,Build resilient financial controls and systems, including financial risk management, to support Great British Energy maintain a positive upward trajectory through manging the public funding environment.Lead and maintain effective oversight of provision of services by third-party suppliers relating to Financial services.

Person specification

Skills, experience and qualifications (Essential) -It is important through your CV and Statement of Suitability that you give evidence and examples of proven experience of each of the following:

Essential Criteria

�A proven track record of successful senior leadership of a Finance function in a highly capitalised, fast-paced and changing organisation, ideally within the energy sector or a related industry. The ability to contribute effectively as part of a senior executive leadership team that provides organisational leadership, direction and strategic focus.Provides excellent advice at pace to secure effective delivery and value for money, including where delivery is through corporate finance structures eg JV, equity, loan. Whilst a good understanding of corporate finance instruments (equity, loans etc) is essential, the investment function will be separate from the finance function, and you will collaborate with them.Creates a positive control environment, ensuring funds are used as intended by owners (shareholders / Government depending on your background), and that internal and external financial reporting meets high standardsExperience in establishing and maintaining collaborative relationships and strategic partnerships withmaturity, gravitas, and presence with high levels of emotional intelligence.Passionate about the Company and its policy objectives to deliver clean energy, drive economic growth, create UK jobs and supply chains and provide value for the UK taxpayer. Whilst demonstrating a passion for creating societal impact and value.Ability to lead and operate in a challenging environment with a high degree of public scrutiny, demonstrable experience in responding effectively to rapid change and re balancing priorities, to maximise value for money.

Qualifications

A full financial qualification (CCAB, CIMA or equivalent)�

Qualifications

A full financial qualification (CCAB, CIMA or equivalent)

Benefits

Alongside your salary of �76,000, Department for Energy Security & Net Zero contributes �22,017 towards you being a member of the Civil Service Defined Benefit Pension scheme.

The Department for Energy Security and Net Zero offers a competitive mix of benefits including:

A culture of flexible working, such as job sharing, homeworking and compressed hours.Automatic enrolment into the , with an employer contribution of A minimum of 25 days of paid annual leave, increasing by 1 day per year up to a maximum of 30.An extensive range of learning & professional development opportunities, which all staff are actively encouraged to pursue.Access to a range of retail, travel and lifestyle employee discounts.

Office attendance

The Department operates a discretionary hybrid working policy, which provides for a combination of working hours from your place of work and from your home in the UK. The current expectation for staff is to attend the office or non-home based location for 40-60% of the time over the accounting period. Senior Civil Servant (SCS) staff are expected to aim for closer to 60% of the time at an office or non-home based location over the accounting period.

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