Regulatory Accounting Analyst

£50-£60,000 dependant on experience + excellent package
Warwick, with flexible, hybrid working

At National Gas, the work we do matters.

As Britain's national gas network, we help keep the lights on, businesses running, and homes warm by maintaining the critical infrastructure that transports gas across Great Britain. While providing the energy security Britain relies on today, we're also helping transform the network for a clean energy future.

Join us and help secure Britain's energy.

About the role:

Reporting to the Head of Regulatory Finance and in a specialist team of four (wider finance team c170), the Regulatory Accounting Analyst (or Regulatory Partnering Specialist) plays a critical role in ensuring that all data submitted to our regulator, Ofgem, is accurate, complete, and delivered within required timescales. Following submission, they are responsible for maintaining the Price Control Financial Model and ensuring that the calculation of allowed revenue is accurate and fully aligned with licence requirements.

What you'll be doing:

• Engagement with Ofgem to ensure all financial aspects of the RIIO (Revenue = Incentives + Innovation + Outputs) contracts are correctly enacted, including the RIIO-3 licence, Price Control Financial Model, Financial Handbook, Annual Iteration Process, tax allowances and the cost of capital.
• Annual submission of revenue forecast (through Ofgem’s Price Control Financial Model) actively ensuring regulatory compliance, optimises claimed revenue and identifies and manages financial and compliance risks.
• Support the development of forecasting policy for inputs to the revenue forecasting process and integration of the policy with the Regulatory Reporting Process ensuring that the interactions between internal and external forecasting processes and policies are understood by stakeholders.
• Work with colleagues on the completion of the Regulatory Financial Performance Reporting Process which informs Ofgem’s view of our regulatory performance and calculates Return on Regulated Equity, actively ensuring regulatory compliance / strong assurance and understanding of our performance for inclusion in the supporting narrative.
• Responsible for establishing and transferring appropriate knowledge of the RIIO contract and regulatory requirements across Finance and the business to support the business in making value adding decisions.
• Liaising with the National Gas Transmission (NGT) charge setting team to deliver appropriate information for charge setting purposes and delivering consumer bill analysis required under the Responsible Business Charter.