GOVTALENT.UK

Principal Economic Modeller

This opening expired 6 months ago.
Location(s):
Cardiff, Glasgow, London
Salary:
£56,000 to £82,820
Job grade:
Grade 6
Business area:
Analytical
Contract type:
Permanent
Working pattern:
Full-time

About the job

Job summary

We're in the process of significantly enhancing our energy system modelling capabilities within the Office of Research and Economics. This exciting development within Ofgem's Analysis profession involves integrating a sophisticated energy system model into our operations and recruiting experts in energy system modelling. In this pivotal role, you'll lead the charge in establishing this new capability, engaging in both energy system modelling and economic analysis. Tailored training will be provided based on the specifics of the model procured, ensuring you're fully equipped to make a meaningful impact.

The role involves supporting team goals, setting and reaching objectives, and enhancing team collaboration to manage resources and risks. You'll also play a key role in advancing diversity and inclusion, and contributing to colleagues' welfare with the Personal Development Lead (PDL)

You will lead efforts to build Ofgem’s energy system modelling capability, from procurement to integration, and undertake rigorous modelling to inform key decisions and support the energy transition. Your work will involve providing analytical advice across the organisation, ensuring high standards of analysis, and collaborating with other experts to align work programmes with analytical best practices.

Professional development is key to this role, encouraging resource management, team support, and ongoing learning. This involves coaching, identifying growth opportunities, supporting qualifications, and performance management. You'll also build important relationships across and beyond Ofgem, including with internal teams, portfolio managers, and external stakeholders in the energy sector and regulatory bodies.

The role requires a background in conducting and spearheading sophisticated energy system modelling, paired with deep-seated expertise and comprehensive understanding of the GB gas and electricity markets. The ideal applicant will hold a Degree or Masters in an analytical or quantitative discipline, or possess equivalent professional experience that underscores their capability in this field.

You should demonstrate an ability to communicate complex ideas effectively, and possess an exceptional grasp of project management principles, showcasing an aptitude for proactively organising, prioritising, and managing a diverse array of tasks and projects with finesse.

As part of this campaign we are holding an open event on 21st February at 12.30pm which is a perfect chance to hear from the team on the roles and what life at Ofgem means to them. Sign up for free here: https://buytickets.at/ofgem/1150911 

Job description

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.  We are playing a vital part in accelerating the transition to Net Zero and a carbon neutral energy system – a goal that everyone wants to achieve. Whatever your role, you’ll be playing your part in creating new energy solutions that are great for customers, and great for the environment.

Ofgem has a culture of inclusion that encourages, supports and celebrates the diverse voices and experiences of our colleagues. It fuels our innovation and helps ensure we can best represent the consumers and the communities we serve. Everyone is welcome - as an inclusive workplace, our employees are comfortable bringing their authentic selves to work.

The Office of Research and Economics at Ofgem is looking to expand our energy system modelling capability. Over the coming months this will involve procuring an existing energy system model[1] and bringing it in-house, alongside recruiting energy system modelling professionals. If successful, you will be involved in building this modelling capability within Ofgem, undertaking energy system modelling, as well as more generic economic analysis, as required. For this role, energy system modelling specific experience is necessary: depending on the energy system model procured, there will be an opportunity for model-specific training. You will be joining Ofgem’s strong economics community working collaboratively with others to lead as well as contribute to high profile projects using your modelling expertise.

Within these roles you will be part of the Analysis profession within Ofgem to support in your career aspirations. 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:

To support the team deliverables, that utilise your expertise to ensure successful outcomes across team members and collaborating teams

  • Provide clear and transparent work objectives, milestones and success metrics in your area of expertise to oversee and co-ordinate successful team outcomes.
  • Collaborate closely with other teams to manage interdependencies, risks and resourcing to support portfolio delivery.
  • Where required, be jointly responsible with the PDL on welfare and pastoral care of all colleagues.
  • Demonstrate effective diversity and inclusive team management within their team and the wider organisation.

Key Outputs and Deliverables

  • Lead a team building Ofgem’s energy system modelling capability including procuring, and bringing in-house, an energy system model.
  • Undertaking high quality energy system modelling to answer important questions for Ofgem and the energy transition.[2]
  • Undertake analysis and provide analytical advice and expertise to individuals and projects across the organisation.
  • Ensure that analysis is delivered to a high standard. Critically assess and interpret the evidence available and the weight that can be attached to it; identify risks and propose mitigations for them.
  • Work in close partnership with the other technical experts to ensure a coherent work programme that supports delivery of stronger analytical best practice, standards and building of expertise.

Support the development of a high-performing team based on effective resource management, ongoing support and professional development

  • Provide expert guidance to help team members deliver, by building supportive, inclusive team environment based on trust-based relationships, transparency and inclusivity.
  • Takes ownership for own continued expert development and other team members’ professional development relating to the role by:
  • Identifying your own continued professional development.
  • Providing ongoing coaching and identification of development opportunities.
  • Provide advice and support for colleagues who are pursuing professional qualifications.

Person specification

  • Experience: Extensive experience of undertaking and leading complex energy system modelling (LEAD)
  • Sector knowledge: Extensive experience and expert knowledge of GB gas and electricity markets
  • Qualifications: A Degree or Masters in an analytical or quantitative field or relevant professional experience
  • Communication: Excellent ability to distil complex subject matter into relevant messages for different audiences – both orally and in writing, combined with excellent drafting skills.
  • Stakeholder engagement: Skilled at developing strategic relationships and working collaboratively across a range of internal and external stakeholders at all levels.
  • Organisational skills: an excellent understanding of project management and the ability to proactively prioritise, plan and schedule complex and diverse tasks.
  • Coaching/Mentoring: Experience of developing people’s skills and capabilities, through knowledge sharing, providing peer review of others’ work and/or input to the policies and procedures

Benefits

Alongside your salary of £56,000, OFGEM contributes £15,120 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.



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.

Added: 7 months ago