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Regulatory Revenue Model Manager

2 months ago

Glasgow, Glasgow City, United Kingdom ScottishPower Full time
Regulatory Revenue Model Manager

ScottishPower is seeking a highly skilled Regulatory Revenue Model Manager to join our team. As a key member of our Licence & Revenue team, you will be responsible for leading and managing the revenue modelling process, ensuring compliance with regulatory licence conditions, and providing expert advice on revenue modelling matters.

Key Responsibilities:

  • Manage the maintenance and version control of the revenue model, ensuring accuracy and compliance with regulatory requirements.
  • Provide accurate budget, forecast, and business plan information, supported by analysis, to meet deadlines and communicate with senior management.
  • Manage the annual recalculation of allowed revenues via the Price Control Financial Model (Annual Iteration Process), protecting or enhancing value.
  • Support the annual tariff setting process by determining allowed revenues and providing analysis, including purchase assumptions, delivered to required deadlines.
  • Draft reports, presentations, consultation responses, and other papers as necessary to address regulatory financial matters.
  • Aid in the financial review of re-opener projects, appraising financial implications and communicating with senior management and Iberdrola group stakeholders.
  • Manage the end-to-end preparation and submission of all regulatory financial submissions to the Regulator, ensuring audit reports are available as set out in the Agreed Upon Procedures (AUP's).
  • Manage and review regulatory reporting requests assigned to the Licence & Revenue team, ready for manager sign-off.
  • Observe commitments and meet deadlines concerning departmental governance, including team meetings, performance management, Data Assurance, and NP&R operational excellence.

Requirements:

  • Knowledge of the UK Energy Networks Regulatory Environment and experience of team management and working with senior management in a regulatory finance environment.
  • Ability to make decisions within tight timescales and possess strong interpersonal, motivational, numerical, analytical, communication, time management, written, and planning skills.
  • Ability to devise solutions to revenue modelling requests/challenges and use financial data to extract information, format, and present appropriately.
  • Understanding and experience of regulatory and economic issues related to RIIO price control framework.
  • Strong understanding of financial matters, including debt & equity funding considerations, tax, and pensions accounting.
  • Professional qualification in a relevant discipline, such as Accountancy, Finance, or Economics.

What's in it for you:

As a Regulatory Revenue Model Manager at ScottishPower, you will enjoy a competitive salary, reviewed annually, and a range of benefits, including a pension scheme with double matching, 36 days annual leave, and access to Savesmart financial wellbeing support.

At ScottishPower, we believe in inclusion, diversity, and a social purpose. We are committed to providing reasonable support or adjustments in our recruiting processes for candidates with disabilities, long-term conditions, mental health conditions, or who are neurodivergent or require pregnancy-related support.