Ofgem

Location

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

Job Summary

About the job

We are seeking a highly analytical and collaborative finance professional to support Ofgem’s oversight of financial resilience across the retail energy market. In this high-profile role, you will provide clear, evidence-based analysis to inform regulatory decision-making, assessing supplier financial performance, risk reporting and emerging market trends. Working closely with policy, supervision and operational teams, you will evaluate new licence applications, ownership changes and supplier growth, identifying risks and recommending appropriate regulatory responses. You will also deliver targeted analysis for senior stakeholders, support external enquiries and contribute to the continuous improvement of monitoring frameworks, governance and reporting. This is a varied and impactful opportunity for someone who can interpret complex financial information, build strong stakeholder relationships and translate insight into clear, actionable recommendations.

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.

Job Description

Key Role Responsibilities

• Design tailored financial analysis of regulated entities in order to appraise prospective risks to financial resilience (SLC 4A & 4B). When designing analysis, set out a hypothesis and outline your scope, methodology, data dependencies, findings, conclusion and any next steps/further work. Ensure work is clear, organised and referencable.
• The focus of the tailored financial analysis will be dependent on (but not limited to: retail energy market conditions, licensee forecasting assumptions, licensee behaviour, wider energy market risks.
• Describe and explain the relationship between financial information used to conclude on the findings (and severity) of any risks & impacts to SLC4A & 4B.
• Describe, explain and clearly document the limitations and assumptions used in financial analysis, making these abundantly clear to any decision maker who uses your conclusions to inform any subsequent policy decisions.
• Where possible, identify sensitivities to other variables considered in your analysis.
• Take ownership and responsibility for presenting findings of specific analysis to relevant forums (e.g. FRC Stock take / Policy forum). Convey the implications of a market wide picture of the impacts wherever possible. Document any questions/actions, and ensure these are followed up after the event if not resolvable at the time.
• Where data inconsistencies or quality issues are identified in either RFI data sets, or wider RMIS team outputs – escalate these issues to the responsible owner of these records/outputs, escalating via your line management chain where appropriate.
• Consider whether there are any other suitable datasets (whether internal or external) which may assist in supporting/coroborating any conclusions from your financial analysis. Draw on any such examples to strengthen your evidence basis.