Job Description

Details

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Reference number

437854

Salary

47,895 - 62,699
National: 47,895 - 58,519


London: 50,748 - 62,699


Please ensure that you read the Pay and Reward information for civil service and internal colleagues before applying.
A Civil Service Pension with an employer contribution of 28.97%
GBP

Job grade

Grade 7
2B

Contract type

Permanent

Business area

Financial Resilience & Control

Type of role

Analytical


Corporate Finance

Debt Management

Finance

Working pattern

Flexible working, Full-time, Job share

Number of jobs available

1

Contents

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Location About the job Benefits Things you need to know Apply and further information

Location

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Successful candidates may be based in any of our office locations - Cardiff, Glasgow, or London. We especially welcome applicants from Cardiff and Glasgow.

About the job

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Job summary

Ofgem is Great Britain's independent energy regulator. Our purpose is to protect energy consumers, especially vulnerable people, by ensuring they are treated fairly and benefit from a cleaner, greener environment.


This is an exciting opportunity to join Ofgem as a Senior Financial Advisor - Cost of Capital within our Financial Advisory team. You'll play a key role in shaping the financial frameworks that underpin the UK's energy transition, ensuring that regulated sectors remain financeable while supporting investment in a low-carbon future.


The Financial Advisory team is a dynamic and inclusive group of experts providing advice on corporate and regulatory finance issues. From a base within the Corporate Finance sub-team, you will work on a wide range of projects across Ofgem, contributing to price control frameworks, advising on debt financing and financeability, and supporting emerging sectors such as New Nuclear, Carbon Capture and Storage, and Hydrogen.


In this role, you will provide high-quality advice on debt financing and structuring, engage with stakeholders across government, industry, and the investor community, and prepare robust documentation to support decisions. You will collaborate with colleagues across Regulatory Finance and beyond, ensuring that our financial approach aligns with organisational priorities and delivers value for consumers. As a senior member of the team, you will also lead training in your area of expertise and support the development of colleagues.


We are looking for someone with a recognised finance qualification such as CCAB, CFA, or MSc Finance, or equivalent experience demonstrated through a strong track record of achievement. You will have expertise in debt capital markets, asset origination, debt advisory, or credit analysis, and the ability to process and communicate complex financial information clearly to varied audiences. Strong collaboration skills and experience in managing options and decisions that align with strategic priorities are essential.


This is a chance to make a real impact helping to ensure that the UK's energy system remains resilient and financeable as we move towards Net Zero. You'll join a supportive and forward-thinking team where your expertise will help shape decisions that matter.


Join us and help shape the future of energy in the UK.

Job description

The current energy market environment is unprecedented, with geopolitical issues leading to volatility in global energy prices. Now more than ever we need to go further and faster in pursuing the country's climate goals and reduce our reliance on fossil fuels to protect ourselves from similar future price shocks.


Such challenging times require bold action. We are looking for people to meet the challenges we face head-on, and help us deliver a greener, fairer energy system.


The Financial Advisory sub-profession is a dynamic, friendly, and inclusive team consisting of financial experts with a range of financial skills and backgrounds. It provides advice to the organisation on corporate and regulatory finance issues, has financial oversight of the retail market, as well as leading on the operation and implementation of Ofgem's RIIO price controls. It has sub-teams in Corporate Finance, Finance Policy, Strategic Planning and Investor Relations, Regulatory Reporting, Commercial Advisory, Retail Financial Monitoring and Financial Modelling.


From a base within the Corporate Finance team, you will have the opportunity to work on a wide range of cross-Ofgem projects that require your skills and expertise.

Key Responsibilities of this Role

Provide high-quality advice and guidance on matters relating to debt financing and financeability issues across the sub-sectors that Ofgem regulates. Contribute to work on allowed debt returns and financeability within price control frameworks. Provide tailored support to nascent sectors such as New Nuclear, Carbon Capture and Storage and Hydrogen. Engage with internal and external stakeholders on matters related to debt financing, structuring and returns. External stakeholders include, but are not limited to, HM Government, sector regulators, UK Regulators Network, regulated companies, investors and credit rating agencies. Prepare high quality documentation of all analysis and decisions. Work collaboratively with colleagues across Regulatory Finance to support the team's contribution to the overall Ofgem work plan. Lead training in area of expertise and actively support the development of colleagues.

Key Stakeholder Relationships

Internal

Team, Workstream and Portfolio Managers Experts/Technical Specialists Heads of Professions Professional Development Leads Profession Officers

External

Other Government Departments Other Regulators, including UKRN Regulator counterparts, consultants, academia, and think tanks (as appropriate) Energy Sector Investor community, including rating agencies

Person specification

Please ensure you demonstrate clearly within your personal statement, how you meet each of the criteria below (not more than 1250 words).


In the event of receiving a large number of applications an initial sift may take place on just the identified

lead criteria

indicated below.

ESSENTIAL CRITERIA:

Debt financing experience gained primarily through a financial institution or regulatory background, including an understanding of debt products and ratings agency methodologies (

Lead criteria

). Financial or commercial experience, that can be demonstrated by proven record of high performance and substantial achievements in past positions. (

Lead criteria

). Extensive experience working collaboratively with diverse teams. Ability to process and communicate complex information and data to a wide range of stakeholders.

Behaviours

We'll assess you against these behaviours during the selection process:


Making Effective Decisions Working Together Communicating and Influencing Delivering at Pace

Benefits

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Alongside your salary of 47,895, OFGEM contributes 13,875 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.
Ofgem can offer you a comprehensive and competitive benefits package which includes; 30 days annual leave after 2 years; Excellent training and development opportunities; The opportunity to join the generous Civil Service pension which also includes a valuable range of benefits; hybrid working (currently 1 day a week in the office but this is kept under review), flexible working hours and family friendly policies. Plus lots of other benefits including clean and bright offices based centrally, engaged networks and teams and an opportunity to contribute to our ambitious and important targets of establishing a Net Zero energy system by 2050. This exciting blend of professional challenge and personal reward identifies career opportunities at Ofgem as something to get excited about.

Things you need to know

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Selection process details

This vacancy is using Success Profiles , and will assess your Behaviours and Experience.
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 criteria skills and capabilities listed in the role profile. Please ensure you demonstrate clearly, within your supporting statement, how you meet each of the criteria listed in the role profile.

Artificial Intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance for more information on appropriate and inappropriate use.


Shortlisted candidates may also be invited to a second-stage interview if required. This stage will focus on a selection of experience-based questions designed to explore your previous work experience and how it demonstrates the criteria set out in the role profile.

The personal information we have collected from you will be shared with Cifas who will use it to prevent fraud, other unlawful or dishonest conduct, malpractice, and other seriously improper conduct. If any of these are detected, you could be refused certain services or employment. Your personal information will also be used to verify your identity. Further details of how your information will be used by us and Cifas, and your data protection rights, can be found by [

https://www.cifas.org.uk/fpn

].



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) 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

Working for the Civil Service

The Civil Service Code 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 .
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.

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan and the Civil Service Diversity and Inclusion Strategy .

Apply and further information

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This vacancy is part of the Great Place to Work for Veterans initiative.
The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment (opens in new window).
Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

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Job contact :

Name : Lisa Buchanan Email : recruitment@ofgem.gov.uk
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Recruitment team

* Email : recruitment@ofgem.gov.uk