About the job

Job summary

At Ofgem we advocate for UK energy consumers to ensure safe, affordable and sustainable energy. We're crucial in the Net Zero transition, fostering eco-friendly energy solutions beneficial for customers and the environment.

We’re seeking an innovative Senior Analyst to lead analytical and modelling workstreams in the financial modelling team, deliver high-quality analysis, enhance and maintain enduring models, and support Ofgem's decision-making.

In this role, your key responsibilities include taking the lead in the development and meticulous maintenance of key Ofgem models. This vital task involves not just ensuring their operational efficiency but also expanding their functionality and enhancing their documentation, all in accordance with industry best practices. You'll be instrumental in responding to analytical questions, necessitating the preparation of comprehensive presentations or detailed briefing notes.

Your role extends to the technical aspects of developing robust data pipelines, repositories, and methods of provisioning data. Alongside this, you will be involved in the creation and implementation of automatic reports, streamlining processes for efficiency and accuracy. Another significant part of your responsibilities is the development of innovative new models that will support and influence policy development across various facets of Ofgem.

As a leader, you'll set a high standard and serve as a role model in both model design and data management. This involves championing best practices and pushing the envelope in terms of quality and innovation. Your role will require close coordination with data and assurance teams, ensuring a cohesive approach to data management and model development within Ofgem. This position is not just about technical expertise but also about leadership and the ability to inspire and guide teams towards achieving the organisation's strategic goals.

At Ofgem, we cherish an inclusive environment that honours the diversity of our team members, driving creativity and strengthening our representation of the consumers and communities we advocate for. We foster a workplace where everyone is encouraged to be their authentic selves.

Become a part of Ofgem and play a pivotal role in defining the future of energy regulation and sustainability. Seize this opportunity to join a vibrant team dedicated to creating meaningful change. Apply today and be a part of our impactful journey!

 

For more information on this role and to hear from the team please join our recruitment Open Event on Wednesday 14th February at 12.30pm free on the link below.

https://buytickets.at/ofgem/1132046

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 financial modelling team develops core models for the RIIO price control including the Price Control Financial Model and models which support the setting and analysis of financial policies, eg cost of capital, depreciation and financeability.  It also supports decision making across the organisation (eg retail, cost assessment) by building or supporting models or data analysis as required. 

Purpose 

• Lead analytical and modelling workstreams in the financial modelling team and deliver high quality analysis, enhance and maintain enduring models, and support Ofgem’s decision making. 

Person specification

Key Responsibilities  

• Lead the development and maintenance of key Ofgem models, including expanding their function and documentation in accordance with best practice. 
• Playing a leading role in answering analytical questions by preparing presentations or briefing notes. 
• Developing data pipelines, repositories, methods of provisioning data, and automatic reports. 
• Developing new models to support policy development across Ofgem. 
• Lead by example and help champion best practice in model design and data management, in coordination with data and assurance teams.

Essential Criteria

• Demonstrated expertise and experience in financial modelling, particularly related to price controls or regulation. (Lead criteria) 
• Degree level qualification in economics, finance, or another quantitative field or equivalent professional experience. 
• In-depth understanding of economic or financial concepts such as the cost of capital or RAB based financial models. 
• Strong technical proficiency in modelling tools, particularly excel, or programming languages and databases. 
• Proven excellence in ability to process, display, and communicate complex information and data. 

Desirable Criteria

• Expertise in one or more of: R, Python, VBA or SQL. 
• Experience with PowerBI or other business intelligence tools. 

Benefits

Alongside your salary of £43,650, OFGEM contributes £11,785 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.