About the job

Job summary

Ofgem works on behalf of energy consumers to ensure that every household and business in Great Britain can rely on a safe, affordable and environmentally sustainable energy supply. 
  
What we do matters: making a difference to people’s lives now, and for generations to come. We offer a diverse range of flexible working career opportunities: roles that are stimulating and rewarding. And it’s important to us that we recruit from a wide range of professional and personal backgrounds – bringing different perspectives and experiences to our work. 
  
To promote a financially resilient market, our Financial Advisory teams undertake market monitoring activity and provide financial advice and analysis on a wide range of market issues. Our team plays a vital part in providing expert financial advice on new market entrants, the financial health of established suppliers, trade sales, market and supplier-specific financial risks and critical policy decisions. In this role you will offer expert financial advice on regulated retail and commercial activities.  

Working with a wide range of internal and external stakeholders, you will provide input on key corporate finance issues, such as cost of capital, capital structures for regulated entities. More broadly, you will support Ofgem’s corporate and regulatory finance work across all areas of the organisation, providing corporate and regulatory finance advice to policy and other teams. You will also offer technical advice on the cost of debt and equity, gearing, rating agencies and other issues. 

It’s a role that will suit someone with Great quantitative and qualitative analytical skills with demonstrable experience of analysis techniques, risk assessments and operational expertise. You’ll enjoy developing, planning and delivering projects, requiring minimal supervision and you should offer good all-round communication skills. You should have a good knowledge of project management and analytics and be confident in detailed financial statement analysis. It’s important that you can build positive relationships with different stakeholders. 

Within Ofgem you will be part of our Analysis Profession which will support you in all aspects of personal and professional development. Whether it is formal or informal training or further education we are here to support you in your career in Ofgem. 
  

Job description

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. 

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

• 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. (Lead criteria)  
• 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. 

Desirable Criteria

• Experience of working in energy or other regulated sector; for a consultancy, government, or regulator; on policy, regulatory, or energy sector projects. 
• finance qualification (e.g. CCAB, CFA, and/or comparable financial/commercial experience. 
• Knowledge and use of Power BI – Data View, report building and dashboards etc.  

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.

Things you need to know

Selection process details

This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Experience 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. 

Within Ofgem this role is known as Financial Advisor.

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.