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- Tasks: Lead the production of regulatory reports and engage with Ofgem for insightful analysis.
- Company: Join a forward-thinking utility company focused on innovation and growth.
- Benefits: Enjoy a competitive salary, performance bonus, and generous holiday allowance.
- Why this job: Make a real impact in finance while developing your skills in a dynamic environment.
- Qualifications: Qualified accountant with strong analytical skills and 3 years PQE.
- Other info: Great opportunities for career advancement and personal development.
The predicted salary is between 46000 - 54000 £ per year.
As the Regulatory Reporting Lead you will manage the production of annual regulatory returns to Ofgem, work to translate them for the business and play a key role in the negotiations of our ED price control settlement through delivery of insightful reporting and analysis.
Along with a competitive salary of between £55,000 - £65,000 we also offer great benefits such as:
- 15% Performance Bonus
- 25 days holiday (rising with service) plus bank holidays
- Excellent opportunities for career growth
Key Responsibilities:
- Manage the programme, production and consolidation of the annual regulatory returns and information to time and quality requirements
- Prepare for interactions with Ofgem in respect to this return including analysis of any proposed changes to reporting requirements.
- Represent Northern Powergrid at related industry/Ofgem working group meetings
- Produce regulatory finance aspects of the annual 10-year plan to BHE
- Produce/consolidate cost and volumes reporting packs for our price control business plan submissions.
- Assist in the review of price control determinations, with a particular focus on benchmarking and cost allowances.
- Assist in the production of financial information for meetings with Ofgem during the price control negotiations
- Improve our process for producing the regulatory information, and our ability to translate to US GAAP and IFRS reporting
- Prepare reports/analysis to routinely track our actual costs against regulatory allowances
- Communicate our regulatory performance to business leaders
- Manage the annual DNO data share process, providing insightful analysis and reports
The ability to communicate with and explain financial concepts to non-finance people, influence key decision-makers and to think long term. Ability to forge strong relationships with all relevant members of the directorate and executive to be able to communicate key messages clearly and concisely. Ability to understand complex financial models and convert these into a clear, coherent position. Ability to balance workload priorities to deliver business requirements. Driven individual with a focus on developing self and others to achieve targets and goals, continuously improving performance. Strong attention to detail ensuring consistency is applied through all aspects of responsibility. Highly organised with ability to prioritise and plan work activities, along with ability to move quickly between tasks. Ability to manage change and drive performance standards.
Skills & Experience Required:
- A qualified accountant, with 3 years PQE
- Strong analytical & numerical skills.
- Strong IT skills (Excel, Word, Visio, MS Project and Power Point).
- Excellent planning, organisation prioritisation and attention to detail skills.
- Time management and delivery of tasks to deadlines.
- Good interpersonal skills and able to cross collaborate working with senior managers.
- Strong team player with the ability to work across multiple functions and disciplines.
This role is subject to a Credit check.
Finance Reporting Lead in North East employer: Northern Powergrid
Contact Detail:
Northern Powergrid Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Reporting Lead in North East
✨Tip Number 1
Network like a pro! Reach out to people in the finance sector, especially those who work with regulatory reporting. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Ofgem and regulatory frameworks. Show us you know your stuff and can translate complex financial concepts into simple terms for non-finance folks.
✨Tip Number 3
Don’t just apply and wait! Follow up on your applications. A quick email to express your enthusiasm can keep you on their radar and show that you’re genuinely interested in the role.
✨Tip Number 4
Check out our website for the latest job openings. We regularly update our listings, and applying directly through us can give you a better chance of standing out!
We think you need these skills to ace Finance Reporting Lead in North East
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Finance Reporting Lead role. Highlight your relevant experience, especially in regulatory reporting and financial analysis. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that relate to the key responsibilities listed in the job description. Let us know why you’re excited about joining StudySmarter!
Showcase Your Analytical Skills: Since this role requires strong analytical skills, make sure to include examples of how you've used these in past roles. Whether it's producing reports or analysing financial data, we want to see your expertise in action!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it makes the process smoother for everyone involved!
How to prepare for a job interview at Northern Powergrid
✨Know Your Numbers
As a Finance Reporting Lead, you'll need to demonstrate your strong analytical and numerical skills. Brush up on key financial concepts and be ready to discuss how you've used data to influence decisions in previous roles. Prepare examples that showcase your ability to analyse complex financial models.
✨Master the Regulatory Landscape
Familiarise yourself with Ofgem's reporting requirements and any recent changes in regulations. Being able to speak knowledgeably about these topics will show that you're proactive and understand the industry's landscape. Consider preparing a few insights or questions about how the company navigates these challenges.
✨Showcase Your Communication Skills
You'll need to explain financial concepts to non-finance people, so practice articulating complex ideas in simple terms. Think of examples where you've successfully communicated financial information to stakeholders. This will highlight your interpersonal skills and ability to influence decision-makers.
✨Demonstrate Organisational Skills
With the need to balance multiple tasks and priorities, it's crucial to show how you manage your workload effectively. Prepare to discuss your time management strategies and provide examples of how you've successfully delivered projects under tight deadlines. This will illustrate your ability to stay organised and focused.
