About the job

Job summary

Join Our Team as a Financial Policy Advisor!

Are you passionate about shaping the future of the energy sector? The Financial Advisory sub-profession at Ofgem is seeking a dynamic and enthusiastic Financial Policy Advisor to join our inclusive and friendly team. Our team is made up of financial experts with diverse skills and backgrounds, all dedicated to providing top-notch advice on corporate and regulatory finance issues. We oversee the retail market and lead the operation and implementation of Ofgem’s RIIO price controls, onshore and offshore transmission projects, and the National Energy System Operator (NESO).

As a Financial Policy Advisor, you will be based within the Finance Policy team but will have the opportunity to work on a wide range of cross-Ofgem projects that require your expertise. You will support the determination of various regulatory regimes, including RIIO price controls, the Cap and Floor Regime for Interconnectors, OFTO Tender Rounds Review, and the transition from Electricity System Operator (ESO) to NESO. Your role will involve supporting finance policy development, conducting analysis, and delivering high-quality work on time through individual effort and collaboration with multidisciplinary team members.

You will collaborate closely with other teams to manage interdependencies, risks, and resourcing, ensuring the successful delivery of our portfolio. Demonstrating inclusive ways of working within the team and the wider organisation is key. Continuous communication with policy colleagues across all levels will be essential to ensure a full understanding of Ofgem policies and decisions.

To excel in this role, you should have or be working towards a recognised finance qualification, such as CFA or MSc Finance, or have relevant finance or commercial experience with a proven record of high performance and substantial achievements. You must be able to process and communicate complex financial information and data to varied audiences effectively. Building strong internal and external relationships at all levels is crucial, as is having a broad knowledge of Ofgem’s activities and the UK’s political and regulatory landscape. Proficiency with Word, PowerPoint, and Excel is essential, along with confidence in problem-solving and using complex information to enable effective decision-making.

If you are ready to make a difference in the energy sector and meet the essential criteria, we encourage you to apply and become a part of our dedicated team at Ofgem.

In Ofgem this role is known as Financial Advisor.

Job description

Key Responsibilities of this Role 

• Support the determination of various regulatory regimes across Ofgem such as RIIO price controls, Cap and Floor Regime for Interconnectors, OFTO Tender Rounds Review, and Electricity System Operator (ESO) to National Energy System Operator (NESO) transition. 

• Support the finance policy development, including analysis where required, for the aforementioned regulatory regimes. 

• Plan and deliver a set of work deliverables on time and to a high standard through individual effort and collaboration with multidisciplinary team members. 

• Collaborate closely with other teams to manage interdependencies, risks and resourcing to support portfolio delivery. 

• Demonstrate inclusive ways of working within the team and the wider organisation. 

• Communicate continuously with policy colleagues across all levels to ensure full understanding of Ofgem policies and decisions. 

Key Stakeholder Relationships 

Internal  

• Team, Workstream and Portfolio Managers  

• Experts/Technical Specialists 

External  

• Other Government Departments  

• Other Regulators  

• Regulator counterparts, consultants, academia, and think tanks (as appropriate)  

• Energy Sector  

Person specification

Essential Criteria

• Have or working towards a recognised finance qualification, eg CFA, MSc Finance or have relevant finance or commercial experience, that can be demonstrated by proven record of high performance and substantial achievements in past positions. (Lead criteria) 

• Ability to process and communicate complex financial information and data to varied audiences. (Lead criteria) 

• Experience of building internal & external relationships at all levels.  

• Knowledge and awareness of Ofgem’s activities, including broad working knowledge of the \UK’s political/regulatory landscape and the energy industry. 

• Highly proficient with Word, PowerPoint and Excel. 

• Confident in problem solving with experience using complex information in order to enable effective decision making. 

Desirable Criteria

• A motivated, self-starter who develops, plans and delivers work outcomes, including setting clear and transparent work objectives, milestones and success metric. 

• Have experience of developing and managing a range of options and decisions that align with your organisation’s priorities. 

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), your career history and qualifications.  

You will then be asked to provide a 1250 word ‘personal statement’ evidencing how you meet the essential and desirable skills and capabilities listed in the role profile. Please ensure you demonstrate clearly, within your supporting statement, 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.