Senior Finance Policy Advisor

6 days ago

London, United Kingdom OFGEM Full time

**Details**:
**Reference number**:

- 232548**Salary**:

- £43,650 - £59,999- £46,250 - £59,999 London / £43,650 - £55,999**Grade**:

- Grade 7- Level 2B**Contract type**:

- Permanent**Business area**:

- OFGEM - Strategy and Decarbonisation**Type of role**:

- Environment and Sustainability
- Policy**Working pattern**:

- Flexible working, Full-time**Number of posts**:

- 1Contents

Location

About the job

**Benefits**:
Things you need to know

Location
- Glasgow, LondonAbout the job

**Summary**:
**Use your financial expertise to help us achieve our decarbonisation goals**

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. Now that record increases and volatility in global gas prices have put the energy market under severe strain, we need to go further and faster in pursuing the country’s climate goals and reduce our reliance on fossil fuels.

The Low Carbon Regulated Asset Base (RAB) team has a number of responsibilities, including Carbon Capture Use and Storage (CCUS), new nuclear investment and monitoring the implications of hydrogen as an energy source. When you join us in this role you’ll lead and advise on significant aspects of the programme, and take responsibility for briefing and responding to senior management and the team. Using advanced quantitative skills and analytical frameworks to inform regulatory design options, you’ll be at an advantage if you have experience in financial/regulatory finance policy and/or actuarial policy.

Providing effective leadership for the delivery of regulatory workstreams, you’ll work with senior colleagues to deliver successful regulatory decisions and advice. This will include monitoring the impact their workstreams have on the overall programme and our organisation. Working in a dynamic and high-performing team, you’ll participate in open policy debates, enthusiastically embrace change and new workstreams, and represent the team and Ofgem with other areas and agencies.

To be a success in this role, you’ll have experience of analysing financial concepts and informing recommendations on finance or regulatory policy, including identifying risks and their mitigations. Capable of meeting challenging deadlines and managing multiple priorities, we’ll expect you to possess the ability to think creatively and work independently. A strong communicator with the ability to synthesise analysis for managers, you’ll be at an advantage if you have knowledge of price controls and the UK’s energy sector, and an understanding of the structure and key components of a price control framework.

**Job description**:
The Low Carbon Regulated Asset Base (RAB) team is a collection of high performing, collaborative, and flexible staff, working across a number of new and exciting policy areas. Our work is excitingly varied, from advising the Department for Business, Energy & Industrial Strategy (BEIS) and Her Majesty's Treasury (HMT) on regulatory and strategic issues, developing new approaches to financing large scale energy investment, regulating new energy technologies and services, to developing policy crucial for meeting our decarbonisation goals.

Some of the team’s remit currently includes carbon capture use and storage (CCUS), new nuclear investment, and monitoring the implications of hydrogen as an emerging energy source.

As part of a cooperative and interdependent team of policy, finance, engineering, legal and regulatory experts, new joiners to the team will have the opportunity to take responsibility for managing aspects of the programme and to undertake detailed development of core components of the regulatory regime for Ofgem’s Low Carbon RAB work.

**Responsibilities**:

- Lead the development - and have ownership - of policy thinking and delivery for the financial aspects of the Low Carbon RAB programme. For these aspects, this will include primary responsibility for senior management briefing materials, development of strong relationships with relevant parties, and strategic planning.
- Provide visible and effective leadership for the delivery of these financial workstreams, working directly and cooperatively with the Lead Finance Policy Advisor, Head of CCUS Policy and/or Head of Nuclear Policy, BEIS, HMT, other workstream leads, and the programme management officer (PMO) to champion and deliver successful and coordinated regulatory decisions and advice. This will include working together with all other policy leads, and teams in Ofgem, to monitor the impact their workstreams can and will have on the overall programme and the organisation more broadly.
- Working in a dynamic, fast-paced, supportive, inclusive and high-performing team. This will include participating in open policy debates, enthusiastically embracing change and new workstreams, sharing views, and repre

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