At a Glance
- Tasks: Analyse regulations and support cost efficiency in high voltage energy projects.
- Company: Join a global leader in energy solutions with a focus on innovation.
- Benefits: Flexible work, medical benefits, paid holidays, and continuous learning opportunities.
- Other info: Collaborative environment with diverse projects and career growth potential.
- Why this job: Make a real impact in the energy sector while developing your analytical skills.
- Qualifications: Degree in relevant field and understanding of Ofgem regulations required.
The predicted salary is between 40000 - 50000 £ per year.
A Snapshot of Your Day
As the demand for energy sector infrastructure is rapidly increasing, we are seeking a knowledgeable and proactive Regulatory & Cost Efficiency Analyst to support our Substations UK&I Business delivering a portfolio of complex High Voltage Substation and FACTS Projects.
How You’ll Make An Impact
- Interpret and report on relevant Ofgem regulatory requirements, guidance, pricing policy, licence conditions and consultation documents.
- Support TSOs in demonstrating efficiency, economic justification and value for money in line with regulatory expectations.
- Produce structured cost‑benefit analyses, variance assessments, benchmarking and regulatory justification summaries to demonstrate cost effectiveness.
- Draft high‑quality “demonstrating efficiency” reports for internal leadership, TSOs and regulatory stakeholders.
- Develop effective procurement strategy, providing responses to regulatory queries to the required deadlines.
- Support operational teams with Customer Open Book Pricing Policies and associated KPIs; act as lead for OBP audits during tender and execution phases, providing timely evidence‑based substantiation and responding to published audit reports while protecting commercially sensitive information.
- Support proposals team with business responses to pre‑qualification questionnaires related to cost mitigation, cost efficiency, regulatory requirements, value engineering and value add.
What You Bring
- A relevant bachelor’s degree or equivalent, with professional qualification.
- Strong understanding of Ofgem regulation obligations, reporting expectations, commercial drivers & incentives and price control governance; awareness of energy policies and RIIO/ASTI frameworks within the UK energy sector.
- Experience working with or alongside TSOs, DNOs, regulators, or major energy infrastructure organisations.
- Familiarity with high‑voltage substation design & construction.
- Excellent analytical skills with ability to interpret financial and operational project data.
- Outstanding written communication skills, especially in drafting well‑structured regulatory or technical reports.
- Knowledge and competence in analysing cost data, financial models, benchmarking, performance metrics, commercial trends and pricing & tax regulations.
- Background in finance, regulatory affairs, economics, engineering or commercial management.
- Experience contributing to Ofgem submissions or other regulatory bodies.
- Demonstrable proficiency in IT, adoption of digital tools and presentation abilities.
- Strong problem‑solving abilities and commitment to high‑quality documentation and evidence‑based decision making.
Benefits
- Opportunities to work with a global team.
- Opportunities to work on and lead a variety of innovative projects.
- Medical benefits.
- Remote / Flexible work.
- Time off / Paid holidays and parental leave.
- Continual learning through the Learn@Siemens‑Energy platform.
- Access to a variety of employee resource groups.
Regulatory & Cost Efficiency Analyst in Glasgow employer: Siemens Energy
At Siemens Energy, we pride ourselves on being an excellent employer, offering a dynamic work culture that fosters innovation and collaboration. As a Regulatory & Cost Efficiency Analyst, you will have the opportunity to work on cutting-edge projects within the energy sector while benefiting from flexible working arrangements, comprehensive medical benefits, and continuous learning opportunities through our Learn@Siemens-Energy platform. Join us in making a meaningful impact in the energy landscape, supported by a global team dedicated to your professional growth.
StudySmarter Expert Advice🤫
We think this is how you could land Regulatory & Cost Efficiency Analyst in Glasgow
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Siemens Energy looking for candidates who are engaged and informed.
We think you need these skills to ace Regulatory & Cost Efficiency Analyst in Glasgow
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Siemens Energy. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Siemens Energy
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Siemens Energy’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
