Finance Operations Lead (Major Projects)

Successful candidates may be based in any of our office locations – Cardiff, Glasgow or London. We especially welcome applicants from Cardiff and Glasgow.

Major infrastructure projects are central to the UK’s transition to Net Zero, and at Ofgem, we’re seeking a Finance Operations Lead to help shape how these projects are funded, managed and delivered. Ofgem is Great Britain’s independent energy regulator. We’re at the forefront of change across the sector, driving toward Net Zero whilst protecting consumers, especially vulnerable people.

We’re offering a permanent opportunity on a full or part-time basis (working at least 0.75 FTE) to join our Low Carbon RAB team within the Major Projects directorate. You will focus on a range of new-build, Regulated Asset Base (RAB) financed projects, including Sizewell C, Carbon Capture and Storage and Hydrogen Transport, supporting how these complex programmes are brought forward and delivered. These projects rely on robust financial frameworks and oversight, and you’ll contribute to how costs, risk and value are understood, helping ensure projects are delivered efficiently and in the interests of consumers.

Operating at a senior level, you’ll lead how financial modelling and reporting underpin decision-making across major projects. You’ll also contribute to how financial approaches evolve over time, supporting wider policy development and ensuring consistency across programmes. You’ll work closely with colleagues across policy, finance and technical disciplines, helping ensure complex programmes are delivered effectively. Alongside this, you’ll play a key role in supporting and developing others, contributing to a high-performing and inclusive team environment.

To be considered, you’ll need strong finance or commercial experience, a track record of leading the development and operation of complex financial models, and an understanding of regulatory and economic environments. You’ll also be able to apply your expertise in a way that supports clear decision-making and collaborative working.

In return, you’ll have the opportunity to work on projects that are central to the UK’s energy transition, applying your expertise to complex and high-profile programmes. You’ll be part of a supportive and inclusive team, with the opportunity to further develop your leadership and contribute to work that has national significance. We have a critical purpose to ensure the energy system works in the interests of consumers, now and in the future. Join us and help shape how major energy infrastructure projects are delivered.

Key Responsibilities

• Delivering of team deliverables, and managing and co‑ordinating successful outcomes across team members and collaborating teams.
• Setting clear and transparent work objectives, milestones and success metrics at team and individual level to oversee and co‑ordinate successful team outcomes.
• Collaborating closely with other teams to manage interdependencies, risks and resourcing to support portfolio delivery.
• Jointly responsible for the welfare and pastoral care of all colleagues.
• Contributing towards diversity and inclusion efforts within their team and the wider organisation.

Key Outputs and Deliverables

• Managing the processes to set Low Carbon RAB licensee’s annual allowed revenue, namely the ARSP, which involves reviewing & correcting numerous company submissions through each dry run to enable the correct calculation and publication of Allowed Revenue.
• Managing new reporting processes/templates and policies relating to regulatory financial reporting.
• Ensuring all reporting deliverables (new RIGs, associated documents, licence conditions and any models/templates) required for new sectors or price controls are developed, consulted on and delivered in time to be populated by licensees in a timely manner.
• This includes improving and changing existing processes and templates as well as introducing new ones to enact new policy decisions.
• Ensuring the companies’ on‑going reporting obligations are met with respect to financial reporting processes.
• Contribute towards regulatory financial policy‑making on both existing and emerging regulatory regimes.
• Support the effective management of the workflow to ensure timely delivery of milestones and support wider Low Carbon RAB team objectives.
• As well as ensuring the well‑being and professional development/progression of team members, this also includes training new members of staff, ensuring knowledge and processes are documented to increase capacity for the reporting function and wider reg finance team.
• Ad‑hoc support to the wider Low Carbon RAB team and wider Ofgem where necessary.

Support high‑performing colleagues based on effective resource management, ongoing support and professional development. Support effective and inclusive team resourcing and staff onboarding through close engagement with relevant Deputy Director and Team Leaders to ensure best talent match to work needs. Helps team members deliver by building supportive, inclusive team environment based on trust‑based relationships, transparency and inclusivity. Takes ownership for own and colleagues’ professional development by:

• Providing ongoing coaching and identification of development opportunities in regular performance conversations.
• Supporting team member’s performance evaluation through honest, fair, high quality 360‑degree feedback to PDLs (Professional Development Leads).

Relevant finance or commercial experience, that can be demonstrated by proven record of high performance and substantial achievements in past positions [Lead Criteria]. Experience providing outstanding financial modelling expertise to lead the development and operation of complex financial models [Lead Criteria]. Experience of the regulatory and economic environment. Experience developing regulatory financial policy in sectors subject to economic regulation. Possess a recognised finance qualification, e.g. CCAB, CIMA, CFA, MSc Finance or similar.