Strategic Portfolio Finance Analyst - Utilities in Glasgow

SP Energy Networks, Technology Avenue, Hamilton International Technology Park, Blantyre. G72 OHT

Salary from £52,400 with up to 15% Annual Bonus and Single Person Healthcare

Permanent

Closing Date: 31st March 2026

Purpose

SP Transmission (SPT) will be delivering up to £5.4b of investment in the GB electricity grid over the next 5 years. As part of this, SPT Strategic Projects will be delivering a £3b portfolio of new overhead lines and new and upgraded substations, including design, engineering, construction and electrical works.

As Senior Finance Analyst, you will play a key role within the SPT Strategic Projects team, working closely with the Finance Lead supporting effective financial management across the Strategic Portfolio. This role is responsible for maintaining accurate financial records, supporting budgeting and forecasting processes, and producing input for financial and regulatory reports, including Ofgem's annual RRP. As a member of the PMO team, you will help maintain strong financial governance by assisting with financial control processes and conducting data analysis. This role reports to the Strategic Portfolio Finance Lead.

Responsibilities

• Supporting the implementation and continuous improvement of financial management standards, controls and reporting processes across the Strategic Portfolio.
• Provision of accurate month end financial information for inclusion in Strategic Projects dashboards and ability to develop reports from SAP/PPM to meet reporting requirements.
• Preparing relevant Regulatory Reporting tables for Strategic Projects for annual process reporting to Ofgem.
• Liaising with staff within SPT Strategic Projects and across the SP Energy Networks business to ensure accurate annual returns on costs and volumes.
• Preparing quarterly regulatory returns on project costs as required, liaising with key contacts in Network Planning & Regulations.
• Assisting with portfolio-level financial planning, including long-term budgeting and periodic forecasting in collaboration with the Finance Lead, Commercial team and Project teams.
• Reviewing Budgets & Forecasts submissions from Strategic Project teams with the ability to identify unusual trends and movements against key comparators.
• Preparing and maintaining cashflow trackers, monitoring project-level spend against approved budgets and highlighting variances or emerging risks.
• Supporting Accounts Payable processes, enabling timely Contractor payments in accordance with NEC4 processes and internal governance standards.
• Working closely with project teams to provide financial business support, including validating assumptions, tracking costs and assessing financial risks throughout the project lifecycle.
• Generating regular portfolio-wide financial reports and metrics to support data-driven decision-making.
• Maintaining up-to-date financial models, supporting the tracking of financial KPIs to measure portfolio health and performance.
• Ensuring consistency and data integrity across financial systems (e.g. SAP PPM).

What you'll bring

To be successful in this role, you will need to demonstrate, as minimum, your experience in financial analysis, budgeting or reporting within project or portfolio environments, ideally in infrastructure, utilities or capital-intensive sectors.

Proficient with IT systems, particularly Microsoft Excel and the wider Microsoft Office Suite, with familiarity in SAP/PPM and/or Power BI (beneficial).

You will hold a good understanding of financial control principles, including budget tracking, cashflow monitoring and variance analysis.

With strong written and verbal communication skills and an ability to collaborate effectively with colleagues across teams, you will be organised and self-motivated with the ability to manage tasks independently, meeting deadlines and adapting to a dynamic project environment.

As a Qualified Accountant or nearing completion, or possessing a similar degree/qualification, you will hold experience working within a regulated utility, possessing a good understanding of SAP master data for monthly / annual financial and regulatory reporting.

Whats in it for you

As well as a competitive salary which is reviewed annually, you can also enjoy a number of other benefits. With our pension scheme, we'll double match your contribution up to a company contribution of 10%.

At ScottishPower, we believe it's the little things we do in life that make a big difference. From helping you look after your family's wellbeing, save for your future and take personal steps for climate action - our benefits are designed to help you do just that.

• 36 days annual leave
• Holiday purchase
• Share Incentive Plan and Sharesave Scheme
• Payroll giving and charity matched funding
• Technology Vouchers
• Count us in - pledge to reduce carbon emissions
• Electric Vehicle Schemes
• Cycle to Work scheme and public transport season ticket loans
• Options to purchase dental insurance, private medical insurance, health cash plan and annual health assessments
• Life Assurance (4x salary)
• Access to 'nudge' financial wellbeing support
• Plus shopping, leisure, restaurant and gym discounts, and unique employee deals on travel insurance and more

Why SP Energy Networks

SP Energy Networks is part of the Iberdrola Group, one of the world's largest integrated utility companies and a world leader in wind energy. We keep electricity flowing to homes and businesses through Central and Southern Scotland, North Wales and in the North West of England.

We operate over 4000km of cables and lines that make-up the transmission network - connecting infrastructure like wind farms into the electricity system. It's a role that puts us right at the heart of Scotland's ambition to be Net Zero by 2044.

We're investing >£10.6 billion into our transmission network, directly supporting the rapid growth needed in renewable energy. With diverse opportunities across our businesses and a commitment to invest in our own internal talent, ScottishPower can offer people real career opportunities that meet personal and professional goals, in a global organisation.

Inclusion, diversity, and a social purpose are at the heart of everything we do. Together with our values, they bring us together into a stronger, more sustainable business with direct links to the communities we serve.

We are committed to providing reasonable support or adjustments in our recruiting processes for candidates with disabilities, long term conditions, mental health conditions, or who are neurodivergent or require pregnancy-related support.

If you need support, please reach out to careers@scottishpower.com.

Mobility

Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country. If/when required, the Company will support the employee with the necessary Immigration requirements.

IMPORTANT: Advert will close at 23:59 GMT the day before Job Posting End Date below April-1-2026