Manager, Offshore Cost Analyst

A cleaner, more secure energy future depends on the decisions we make today and the foundations we build. Ofgem is looking for a Manager, Offshore Cost Analyst to bring insight and independent thinking to major onshore and offshore electricity transmission projects.

Ofgem is Great Britain’s independent energy regulator. We’re at the forefront of change across the energy sector, driving toward Net Zero whilst protecting energy consumers, especially vulnerable people.

This is a permanent opportunity to work on major projects that will play a vital part in our future energy system. You’ll get beneath the numbers, challenge assumptions and use your expertise to help ensure significant spending delivers genuine value for consumers.

You’ll join our offshore cost assessment team within the Major Projects division at a fascinating time for the energy sector. With major projects moving forward and new approaches such as Multi-Purpose Interconnectors emerging, there’s a lot happening – and you’ll be right in the middle of it.

What’s more, you’ll have plenty of chances to grow and develop your skills, gaining new perspectives, tackling increasingly complex challenges, and broadening your existing knowledge base.

We’re looking for someone with a proven ability to quickly assimilate, analyse and simplify a wide range of information, using their findings to identify trends and draw clear conclusions. You’ll be a fantastic communicator with strong IT proficiency and the ability to present complex and technical analysis in a clear, concise way to different audiences. As confident presenting as engaging at a senior level, you’ll be comfortable defending your analysis, debating and negotiating.

In return, you’ll discover an outstanding rewards package, plenty of flexibility and a supportive environment that gives you the space to do your best work, whilst making a real impact in the future of energy in this country.

We have a critical purpose to protect consumers whilst supporting the development of a secure, sustainable energy system. Join us and use your analytical expertise to help make major projects count.

Key Outputs and Deliverables

The scope of work ranges from technical analysis and statistical/econometric modelling to report drafting and engaging with industry. Typical responsibilities include:

• Leading on cost assessments specific infrastructure projects such as electricity interconnectors, onshore transmission assets and the transmission assets connecting offshore windfarms and supporting on the assessment of large infrastructure projects.
• Detailed and robust analysis of submissions to help determine the economic and efficient costs associated with the development and delivery of these projects. This will include comparing costs across different projects, undertaking detailed analysis to inform and support our assessments, and helping to set appropriate incentives on project developers to manage their costs efficiently.
• Presentation and discussion of analysis and resulting proposals to internal and external stakeholders, such as other team members, senior managers and project developers. In doing so you will support our objective to be fair, open and transparent.
• Ensuring smooth and efficient assessments through clear project-planning, organisation of internal and external meetings, tracking key issues, management of external consultants and their contracts, and management of work packages and analysis allocated to other team members.
• The ability to quickly review and draw conclusions from detailed cost and technical submissions.
• Oversight and management of the team’s internal cost models and associated analysis, including reviewing and updating the models, as appropriate (dependent on candidate’s experience and/or skills).
• A willingness to work flexibly within the Division is essential as role holders will be required to contribute where resources are most needed to achieve deliverables.

Key Responsibilities

• Accountable to wider OFTO and Interconnector project teams for delivering cost valuations of the transmission assets at the agreed time for each project
• Accountable to other teams for providing numerical/cost analysis as and when required
• Budget accountability if managing an external contractor
• May be responsible for line managing junior staff (e.g. graduate placement)

Responsible for 1-2 team management tasks such as resource planning or budget tracking.

Person specification

• Proven ability to assimilate, analyse and simplify a wide variety of information quickly and effectively. Creating and using this analysis to highlight relevant trends and to draw policy conclusions. (Lead)
• Effective written and verbal communication skills, able to apply these in delivering internal and external documents and presentations. Ability to present and defend analysis, to the companies we regulate, in a confident and assertive manner. (LEAD)
• Ability to present analysis in a clear, concise format and translate technical details to diverse stakeholders, and a proficiency in Microsoft Excel/Word/PowerPoint
• Able to engage confidently at a senior level, to present and defend analysis and engage in debate and negotiation, with both internal and external stakeholders.

Behaviours

We’ll assess you against these behaviours during the selection process:

• Changing and Improving
• Making Effective Decisions
• Communicating and Influencing
• Delivering at Pace

Alongside your salary of £35,232, OFGEM contributes £10,206 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides (opens in a new window).

Ofgem can offer you a comprehensive and competitive benefits package which includes; 30 days annual leave after 2 years; Excellent training and development opportunities; The opportunity to join the generous Civil Service pension which also includes a valuable range of benefits; hybrid working (currently 1 day a week in the office but this is kept under review), flexible working hours and family friendly policies. Plus lots of other benefits including clean and bright offices based centrally, engaged networks and teams and an opportunity to contribute to our ambitious and important targets of establishing a Net Zero energy system by 2050. This exciting blend of professional challenge and personal reward identifies career opportunities at Ofgem as something to get excited about.

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