Job Description

Job Title Finance & Modelling Analyst
Location Glasgow
Salary from 44,000 + Benefits
Flexible Working Pattern

Help us create a better future, quicker
The position of Regulatory Finance Analyst is based within the Network Planning & Regulation Directorate, working within the ED3 project team, the role will involve working within a multi-disciplinary team of professionals responsible for the negotiation of all financial related price control parameters in the build-up to the beginning of the new regulatory period.
The role will primarily support the Regulatory Finance lead in creation and ongoing operation of all financial related modelling with a particular focus on statutory financial statements while ensuring all outputs are delivered to a high and accurate standard to underpin SPEN's RIIO-ED3 price control submissions and subsequent internal approvals.

What you'll be doing
You will support the preparation of a price control financial dossier and investment approval by assisting the Regulatory Finance lead in providing financial forecasts at various stage gates of the project. These are to include the latest forecasts of regulatory Totex, statutory accounting performance, RAV growth, revenue forecasts, and regulatory economic parameters and resultant implications (CoE, Equity/Asset Beta, etc.)
Assist in the maintenance and development of a statutory model of company finances to facilitate ED3 early scenario modelling and financeability assessment enabling stress testing for our price control business plan.
Engage with key stakeholders involved in the price control planning process providing regulatory financial insight were required and support the presentation of complex financial/regulatory data to a range of stakeholders throughout the organisation ensuring content is easily understood.
Support the drafting of responses to Ofgem publications, consultations, industry reports and stakeholder questions ensuring all content is completed to a high degree of accuracy within timescales.
Assist the Licence and Revenue team with any business-as-usual modelling, reporting or analysis where required, such as Regulatory Financial Performance Reporting (RFPR), annual iteration process, annual pricing process, RRP revenue returns or internal reporting requirements.
Prepare and lead where appropriate in any ad hoc financial modelling, reporting or analysis to support the price control process, licence and revenue team or wider NP&R department.
Observe commitments and meet deadlines concerning departmental governance. For example, team meetings, performance management, Data Assurance and Risk Register leading to NP&R operational excellence.
Follow all assurance procedures to ensure all submissions and are fully reviewed for accuracy and completeness.

What you'll bringKnowledge of UK Energy Networks Regulatory Environment and understanding of Ofgem's price control mechanisms (e.g., RIIO-ED2, ED3). Familiarity with regulatory reporting standards and compliance frameworks. Proficiency in Excel, ideally including data & financial modelling, ability to build scenario models, sensitivity analysis, and long-term forecasts. Ability to turn data into information and communicate in an effective way such as translating technical financial data into clear narratives for non-financial stakeholders. Strong quantitative skills to interpret complex data sets. Ability to draw insights from financial data by developing and presenting financial scenarios to support strategic decisions Precision in data validation, reconciliation, and reporting ensuring accuracy in submissions to regulators Experience in utilities, infrastructure, or regulated industries is highly valued including prior experience preparing financial reports for regulators (e.g., Ofgem, FCA).

What's in it for you
As well as a competitive salary which is reviewed annually, you can also enjoy a number of other benefits. With our pension scheme, we'll double match your contribution up to a company contribution of 10%.
At ScottishPower, we believe it's the little things we do in life that make a big difference. From helping you look after your family's wellbeing, save for your future and take personal steps for climate action - our benefits are designed to help you do just that - so that you have everything you need to take care of your world - today and tomorrow. That's why our benefits include:36 days annual leave Holiday Purchase - perfect your work/life balance with extra annual leave Share Schemes Payroll Giving and Charity Matched Funding Technology Vouchers - save more and spread the cost of your technology purchases Electric Vehicle Schemes - to help you transition to green/clean driving Cycle to Work scheme and Public Transport Season Ticket Loans Healthcare benefit options including: Dental Insurance, Private Medical Insurance, Health Cash Plan and annual Health Assessments Life Assurance (4x salary) Access to Savesmart financial wellbeing support Plus shopping, leisure, restaurant and gym discounts, and unique employee deals on travel insurance and more

Why SP Energy Networks
SP Energy Networks is part of the Iberdrola Group, one of the world's largest integrated utility companies and a world leader in wind energy. We keep electricity flowing to homes and businesses through Central and Southern Scotland, North Wales and in the North West of England. We operate over 4000km of cables and lines that make-up the transmission network - connecting infrastructure like wind farms into the electricity system. It's a role that puts us right at the heart of Scotland's ambition to be Net Zero by 2044. And we're taking it very seriously.
We're investing >5.5 billion into our transmission network, directly supporting the rapid growth needed in renewable energy. With diverse opportunities across our businesses and a commitment to invest in our own internal talent, ScottishPower can offer people real career opportunities that meet personal and professional goals, in a global organisation.
Inclusion, diversity, and a social purpose are at the heart of everything we do. Together with our values, they bring us together into a stronger, more sustainable business with direct links to the communities we serve. It takes all kinds of people to build a large-scale business like ours, so whatever your background, you'll fit right in.
We are committed to providing reasonable support or adjustments in our recruiting processes for candidates with disabilities, long term conditions, mental health conditions, or who are neurodivergent or require pregnancy-related support. If you need support, please reach out to careers@scottishpower.com.
IMPORTANT
Advert will close at 23:59 GMT the day before Job Posting End Date below
Mobility
Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country. If/when required, the Company will support the employee with the necessary Immigration requirements.
IMPORTANT
Advert will close at 23:59 GMT the day before Job Posting End Date below
October-27-2025