Senior Regulatory Analyst

Are you looking for a wide-ranging and high-profile role, where you can collaborate with colleagues across the business and the industry and be at the heart of the UK’s move to a net zero carbon future?

As a Senior Regulatory Analyst, you’ll play a key role in providing high quality financial and regulatory data and analysis to tight deadlines. You’ll support the delivery of the regulatory forecasting and performance reporting processes as well as helping to optimise NGED revenues under the RIIO-2 regulatory framework. You’ll provide regulatory advice to Finance, Regulation, and the business to deliver additional value and improve regulatory knowledge and acumen across NGED.

We’d hope to see you in our Warwick or Pegasus office two days per week but you’re welcome to be in the office more often if that would work best for you. We’re happy to discuss any additional flexibility in working patterns or requirements that you feel could help to make this job work for you!
 

• Input into delivering key regulatory reporting obligations, including tables and narrative outputs, along with reviewing and assuring relevant regulatory outputs provided by other business stakeholders. 
• Support the population of the Ofgem Price Control Financial Model (PCFM) to determine NGEDs future allowed revenues.  This includes supporting the Annual Iteration Process and providing complementary narratives and supporting files. 
• Analyse and incorporate the impact of RIIO-ED2 funding request submissions and changes to allowances in internal and external reporting to ensure the impact of these is understood and correctly reflected. 
• Liaise with key colleagues from Finance, Treasury, Tax, Pensions, Income and Regulation teams. 
• Lead improvements in reporting to reflect changes in regulatory financial reporting requirements and internal business processes. Provide regulatory finance outputs for internal analysis and decision making and use in internal forecasting models. 
• Support the preparation of NGED’s internal and external business plans and forecasts. 
• Provide other high quality regulatory information for submissions to Ofgem, including consultation responses, information requests, and answers to supplementary questions. 
• Support the Regulatory Finance team in interpreting and analysing the financial implications of internal and regulatory requests and proposals. 
•  Develop and maintain effective working relationships with senior managers and other teams across National Grid’s businesses. Use these relationships to bring knowledge into regulatory reporting, planning and analysis. 
• Support the dissemination of information and increase knowledge across the business about the RIIO-ED2 price control and Licence framework.

• Qualified Accountant (ACCA, CIMA, or ACA) 
• Knowledge and understanding of the regulatory environment and utility price controls.
• Familiarity and an understanding of accounting and financial policies, procedures, accounting systems, and regulatory reporting and forecasting systems.
• Ability to review and interpret legal documentation and guidance documents, such as regulatory reporting instructions and guidance.
• Strong stakeholder management and influencing skills.
• Ability to work under pressure and to tight deadlines, producing high quality outputs.
• Advanced MS Excel skills.
• Attention to detail, ensuring integrity and accuracy of analysis and reporting.
• Ability to work under your own initiative and solve problems.
• Ability to manage changing and varied requirements and consider a wide range of scenarios or solutions.

Don’t meet every single requirement? Studies have shown that women and people of colour are less likely to apply for jobs unless they meet every single qualification. At National Grid, we are committed to building a diverse, inclusive, and authentic workplace for everyone. So, if you’re excited about this role but your experience or qualifications don’t match the job description exactly, we encourage you to apply anyway. You might just be the right person for our growing business in this role or another one.
 

£45,000 - £52,000 per annum - dependent on experience.

Plus:

• Annual Bonus (based on personal and company performance) and annual salary review.
• Competitive contributory pension scheme (we double-match your contribution to a max company contribution of 12%
• 26 days holiday (plus the opportunity to buy more each year)
• Life Insurance at 10 x your basic salary.
• Financial support to help cover the cost of professional membership subscriptions, course fees, books, exam fees and time off for study leave – relevant to your role.
• Family care benefits including a back-up care service for when your usual care arrangements fall through (six paid days each year as standard with the option to purchase further days).
• Access to apps which support health, fitness, and wellbeing.
• Career development, ongoing training and support, career progression and plenty of opportunity to progress!

This is a hybrid working role from our Pegasus or Warwick office with circa 2 days in the office. The closing date for this vacancy is Midnight 28 Jan ‘24, with interviews due to take place w/c 5 Feb onwards. We encourage candidates to submit their applications as early as possible and not to wait until the published closing date. National Grid’s recruitment periods can and may vary. We reserve the right to remove this advert or close it to further applications at any point during the recruitment process. 

Every day we deliver safe and secure energy to homes, communities, and businesses. We are there when people need us the most. We connect people to the energy they need for the lives they live. The pace of change in society and our industry is accelerating and our expertise and track record puts us in an unparalleled position to shape the sustainable future of our industry. To be successful we must anticipate the needs of our customers, reducing the cost of energy delivery today and pioneering the flexible energy systems of tomorrow. This requires us to deliver on our promises and always look for new opportunities to grow, both ourselves and our business.

Inclusion and Diversity is not just about race, ethnicity, gender, or sexual orientation. It is about our employees who wake up every day to serve our 20 million customers. At National Grid, we aim to create an environment where everyone is welcomed for who they are and where our differences are not only accepted but are celebrated. We understand the value that a diverse team can add to our organisation and that is why we model inclusive behaviour starting with senior leadership. National Grid utilises the insights of our employees that come from all different cultures, backgrounds, and beliefs to better serve our customers and communities who are in the fore front of everything we do.