Regulation Manager

The opportunity

We are currently seeking a Regulation Manager to work within the Directorate of Regulation department.  The successful candidate will play a leading role in providing robust evidence-based regulatory reporting to Ofgem, overseeing the regulatory reporting team and preparing well-justified RIIO-ED2 Uncertainty Mechanism claims to receive additional price control funding.

Reporting to the Director of Regulation you'll head up a multi-disciplinary team of accountants, engineers and economists and ensure that reporting to Ofgem (as part of our annual regulatory reporting requirements) are prepared on a consistent, reliable and timely basis.

This is a hybrid working role (2/3 days per week at the office) and can be based in the East Midlands or the South West.
 

What you'll do

•    Liaising across the business to ensure NGED provides detailed explanations for cost, volume and output performance against our RIIO-ED2 allowances and business plan
•    Responsible for monitoring and reporting on price control performance internally against key output measures and incentives
•    Develop benchmarking tools to identify opportunities to improve NGED’s regulatory performance 
•    Providing advice, strategic input and support to the delivery of the RIIO-ED2 price control.
•    Manage and develop the regulatory reporting team: approximately 10 people
•    Manage the annual Regulatory Reporting Pack (RRP) submission to Ofgem
•    Provide insights into business performance based on data analysis 
 

About you

•    An excellent communicator with the ability to communicate technical information clearly and concisely to a range of internal and external stakeholders up to Director level.
•    Excellent analytical skills, both quantitative and qualitative, with the ability to think critically, validate and analyse complex data, and to challenge and sense check results.
•    Demonstrable ability to build high quality, motivated teams who achieve their full potential.
•    A confident negotiator, you will ideally have experience of successfully leading negotiations at cross industry working groups.
•    Ideally you will have detailed knowledge of RIIO-ED2 Final Determinations and associated licence requirements or the ability to build this knowledge quickly
•    The ability to interpret regulatory guidance and translate into practical steps
•    Experience in regulatory reporting, with ability to understand complex regulatory mechanisms
•    The ability to develop robust cost assessment and benchmarking techniques, including but not limited to, econometric analysis.
•    You will need to hold a professional qualification at Level 5 or above in a relevant discipline.
•    There may be some travel involved with the role and therefore a driving licence is desirable.

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.
 

What we can offer you

A competitive salary between £80,000 - £100,000 per annum dependent on experience.

Plus: 
 An electric company car or car cash allowance
•    Up to 20% Annual Bonus (based on personal and company performance)
•    28 days annual leave, plus eight statutory days in addition to the option to buy additional or sell holiday days every year
•    Private medical insurance
•    A generous contributory pension scheme - we will double match your contribution to a maximum company contribution of 12%
•    Life Insurance 10 x base salary
•    Financial support to help cover the cost of professional membership subscriptions.
•    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!
 

Further information

This role closes on 2nd May 2024 at 23:59, however we encourage candidates to submit their application as early as possible and not wait until the published closing date as this can vary.  We may remove this advert or close it to further applications at any point during the recruitment process.   #LI-SC1 #LI-HYBRID

About us

National Grid Electricity Distribution (NGED) is the regional electricity distribution division of National Grid.

We are the largest UK Electricity Distribution company, providing services and energy to over 25 million customers, through 8 million connections in our four regions across South Wales, the South-West, West Midlands, and East Midlands. Over the next five years we need to invest in over £7.5bn of infrastructure to fulfil the UK’s ambition, enabling capacity for more than 1.5 million Electric Vehicles and 600,000 heat pumps and ensuring our customers can connect to our network when they want and how they want.

At National Grid, we work towards the highest standards in everything we do, including how we support, value and develop our people. Our aim is to encourage and support employees to thrive and be the best they can be. We celebrate the difference people can bring into our organisation, and welcome and encourage applicants with diverse experiences and backgrounds, and offer flexible and tailored support, at home and in the office.
 
Our goal is to drive, develop and operate our business in a way that results in a more inclusive culture. All employment is decided on the basis of qualifications, the innovation from diverse teams & perspectives and business need. We are committed to building a workforce so we can represent the communities we serve and have a working environment in which each individual feels valued, respected, fairly treated, and able to reach their full potential.