About the job

Job summary

As Great Britain's regulator for the energy industry, Ofgem exists to ensure a safe, secure and sustainable energy supply to British households and businesses. 

We currently have an opportunity for a Senior Analyst to join our team. As part of Ofgem, you will be working to provide cost analysis to inform the company’s future regulatory design decision-making. Working to apply your knowledge of regulation in electricity and gas networks, your role will include leveraging these cost assessment techniques beyond network price control setting. Supporting Leading on the shaping of Ofgem’s ongoing development and implementation of cost modelling, you will identify and develop effective solutions to define and justify suitable benchmarks across the company. Providing oral and written briefings to Ofgem’s boards and committees on key issues, you will work closely with policy, regulation, finance and legal colleagues to deliver desired results 

The ideal candidate will have strong analytical abilities, and both quantitative and qualitative skills. You will be able to demonstrate the ability to think critically and analyse complex data, and have experience using the data in order to drive policy and applying a range of analysis techniques in practice, including but not limited to econometric analysis. This is a multi-disciplined role, where you will work closely with your team to play a key part in ensuring Ofgem’s regulation of the energy networks and beyond to enable a wider transformation in the coming decades. 

As our Senior Analyst, you will be working on high profile projects with the influence to create change, and the opportunity to utilise your skills to contribute to future policies.  This role will allow you to share your expertise, whilst growing in a collaborative workspace which is both dynamic and diverse. 

We are passionate about upskilling and offering opportunities to our teams for professional and personal development across the profession of Analysis. Personal growth is key at Ofgem, and being self-motivated and driven in your role can open opportunities for you. 

If you are a driven individual with an eye for detail and the desire to work in an industry set on positive change, then we want to hear from you.

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.

The renewed urgency in the UK’s decarbonisation goals underlines the need for our energy networks to be ready for new patterns of energy supply and energy use. As we embark on a deeper and faster transformation of our energy system, we need to ensure that networks play a full role in that whilst ensuring we protect consumers by ensuring they benefit from a low-cost energy system. This role will play a key part of that process, ensuring Ofgem’s regulation of the energy networks and beyond enables a wider transformation of the energy in the coming decades, helping to achieve net zero targets for 2035 (a net zero clean power system) and 2050 (a net zero economy).

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.

Purpose

• Provide cost analysis to inform Ofgem’s future regulatory design decision-making. Apply cost assessment techniques in our regulation of the electricity and gas networks, and how to leverage these cost assessment techniques beyond network price control setting.
• Support shaping Ofgem’s ongoing development and implementation of cost modelling and assessment tools and techniques for longer term network price control setting.
• Deliver a set of work deliverables on time and to a high standard through effective project management and support of multidisciplinary team members.

 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:

• Leading on our cost modelling approach for the next set of price controls, including identifying and developing effective solutions to identify and justify suitable benchmarks across all companies and networks, address significant regulatory and/or commercial issues and potential challenges.
• Providing oral and written briefings to Networks’ and Ofgem’s boards and committees on key issues, working closely with policy, regulation finance and legal colleagues.
• Liaise with network companies on a regular basis to help refine and develop our approach.
• Taking a leading role in project management in the team and representing Ofgem at relevant industry events, seminars and working groups.

Key Outputs and Deliverables  

• Take a leadership role in the development and implementation of cost assessment methodologies, presenting recommendations to our Directors and our board (GEMA) on regulatory issues.
• Your recommendations will be supported by analysis of the benefits and costs (to consumers and network companies) of different options.
• Your will lead, motivate and develop members of a team. This includes working closely with team leads and other Senior Managers to develop regulatory expertise and capability in the team.

 

Person specification

• Excellent analytical skills, both quantitative and qualitative, with demonstrated ability to think critically, validate and analyse complex data, and to challenge and sense check results. (LEAD)
• Excellent communication and negotiation skills, with the ability to communicate technical information clearly and concisely and to work collaboratively to solve problems. (LEAD)
• Policy analysis and writing skills with demonstrable application of those skills to support policy development, consultation, decision-making processes and implementation.
• Excellent project management skills and ability to use these to successfully deliver a programme of work in challenging timescales with minimal supervision.

Benefits

Alongside your salary of £45,614, OFGEM contributes £12,315 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 personal 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.