ED3 Financial Modelling Lead

There’s never been a more exciting time to join our Regulatory Finance function!

This role will play a key part in the agreement of the next Electricity Distribution regulatory price control with our regulator, OFGEM. This agreement will set our revenues and financial framework for FY29-FY33, and this role will be key to delivering a positive outcome.

We’re looking for a passionate ED3 Financial Modelling Lead, to join our Regulatory team! As a Financial Modelling Lead, you will own the detailed analysis of financial goals, scenarios and outcomes through the price control process. Partnering with the business up to Group Exec level with clear, reliable and timely analysis of the price control package is critical to effective decision making and negotiations with OFGEM. Whilst the ability to identify opportunities through the analysis means this role is critical to price control process and presents a unique opportunity to build expertise in ED and RIIO financial analysis.

This role is based out of our Warwick office and we’d hope to see you at least 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!

What You'll Do

• Ownership of the ED3 finance model.
• Scenario modelling and “optioneering” of opportunities and potential outcomes through the ED3 price control process (SSMC, Business Plan submission, Draft/Final Determinations and continuous planning/engagement activities between formal milestones).
• Partnering with evidence build team and the business to analyse and identify opportunities for positive outcomes.
• Ownership of ED3 Business Plan Financial Model (“BPFM”).
• Partnering with the business (including FP&A, Investor relations and treasury) to identify and quantify ED3 assumptions and outcomes required to enable wider Financial processes, including the strategic business plan and quarterly forecasts.
• Ensuring internal business planning products reflect latest intelligence from price control and maintain link to Ofgem submissions
• Supporting strategic thinking, internal communication and stakeholder management on all on all WACC, financeability, investability and risk / reward elements of the price control.
• Collaboration with consultants and the wider business to accelerate and advance price control modelling, planning and optioneering.

What You'll Have

• Fully Qualified Accountant (ACA, ACCA, CIMA etc).
• Bachelor’s degree or equivalent, MBA or applicable advanced degree is preferred.
• Experienced financial modeller, with extensive excel modelling experience.
• Experience working within Finance: including investment appraisal, performance analysis and planning.
• Understanding WACC/financeability elements and judgements.
• Good stakeholder management.
• Articulate and able to lay out arguments in clear, succinct and persuasive manner in writing and verbally.
• Experience in regulation preferable but not essential.

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 You'll Get

Up to £77,000 dependent on experience.

Plus:

• Up to 15% Annual Bonus (based on personal and company performance).
• 28 days annual leave, plus eight statutory days in addition.
• The option to buy additional or sell holiday days every year.
• A generous contributory pension scheme - we will double match your contribution to a maximum company contribution of 12%.
• Financial support to help cover the cost of professional membership subscriptions.
• Life Insurance 10 x base salary.
• 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.

Further Information

This is a hybrid working role from our Warwick office with circa 2 days in the office. The closing date for this vacancy is Midnight 4 June 25, with interviews due to take place w/c 9 June 25 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.

About us

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

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.

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