Finance Business Partner - Regulation

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

National Grid is at the heart of delivering the transition to Net Zero and meeting the Governments targets.  In order to deliver this, we will need to ensure we have the right regulatory frameworks to support this fundamental change to the energy industry.

As a Finance Business Partner - Regulation, you will be responsible for leading the alignment and understanding of the interaction between National Grid's reported revenues and performance measures and Ofgem's allowed revenue and performance measures. You will support National Grid Group Financial Control by providing periodic revenue forecasts and partner with Finance, Regulation, and the Business to deliver regulatory advice that adds value and enhances regulatory knowledge across the organisation. Additionally, you will assist in rolling out training and information regarding current and future price control periods, lead the delivery of key Ofgem licence and financial instrument obligations, and work across National Grid UK Businesses to ensure accurate cost apportionment while preventing cross-subsidisation of business entities, all while maintaining up-to-date governance and controls.

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

• Responsible for translating the Revenue position communicated to Ofgem into National Grid Underlying Revenue reported through Group Financial Control, highlighting key sensitivities and internal planning assumptions.
• Responsible for significant elements of the annual submission of revenue forecast (through completion and submission of Ofgem’s Price Control Financial Model) in a manner which actively ensures regulatory compliance, optimises claimed revenue and identifies and manages financial and compliance risks.
• Support 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 updating governance and controls for managing cost allocations across National Grid Business entities, and ensure no cross entity cost subsidisation occurs.
• Support the completion and review of Regulatory Reporting Pack tables and accompanying narratives.
• Engagement with the regulator to ensure all financial aspects of the RIIO contract are correctly enacted through regulatory instruments including our Licences, Price Control Financial Model, Price Control Financial Handbook and PCFM Guidance.
• As part of a centre of excellence for the financial aspects of the RIIO contract, be responsible for providing quality, timely advice to Finance and the business, in a way that non-specialists can readily understand and provides value adding insight.
• Responsible for establishing and transferring appropriate knowledge of the RIIO contract and regulatory requirements across Finance and the business in order to support the business in making value adding decisions.

What You'll Have

• Qualified Accountant (e.g., CFA, CIMA, ACA, ACCA).
• Reporting financial information – data and narrative.
• In-depth understanding of financial regulations and compliance requirements relevant to the industry
• Financial modelling.
• Ability to explain complex concepts to non-experts.
• Ability to collaborate effectively with cross-functional teams, legal departments, and external stakeholders to address regulatory issues and ensure compliance.
• Financial and investment appraisal.
• Stakeholder engagement and influencing skills.
• Ability to explain complex concepts to non-experts.

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 £70,000 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 20 Feb 25, with interviews due to take place w/c 24 Feb 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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