We’re champions of the North West and we’re proud that it’s our electricity network that connects communities and helps keep the electricity flowing every minute of every day, from when you wake up to when you fall asleep and all the hours in between.
A key part of the UK’s journey to net zero carbon is the revolution of our electricity industry to enable clean, green economic growth. As the North West’s electricity network operator, it’s our responsibility to lead the way, help the region decarbonise and pave the way for the growth of renewable energy and a sustainable energy future for all.
We’re proud that in December 2024 we were named Utility of the Year by Utility Week magazine who said we punched above our weight and used innovation to solve some of the industry’s most difficult challenges. Come and be part of our team and make a difference.
Together we have the energy to transform our communities. We are switched on. We are adaptable. We take pride.
The Finance team has an opportunity for a Finance Analyst in either Preston or Salford.
About The Opportunity
The Finance Analyst works with the Senior Finance Analyst to understand the requirements of the regulatory framework in different price controls and to develop the models, analysis, reporting and forecasting to drive the most financial value from this framework. The Analyst works with the Senior Finance Analyst and Head of FP&A to produce regular Ofgem reporting including the Business Plan Commitment report and Strategic Performance Overview as well as regular Group reporting for Scottish Power including the Long-Term plan, Budget and Quarterly forecasts.
Principal Responsibilities
- Understand all the requirements of the regulated framework and related uncertainty mechanisms and incentive regime. Work with the Finance Business partners and wider Senior Leadership Team (SLT) so that they understand the impact of these mechanisms and incentive regime and can provide latest forecasts of performance/use of these mechanisms which can then feed into the Long-Term plan, Budget and reforecasting process.
- Close involvement throughout the Long-term plan, annual Budget and quarterly re-forecasting process which is led by the FP&A team. This will include supporting the wider business to provide regular forecasts for these processes including uncertainty mechanisms, incentives, and business plan commitment performance. The role will need to analyse the forecasts provided by the business and understand variances to targets so we can report our forecast scorecard and explain our expected performance to the Executive Leadership Team (ELT) and the wider Scottish Power Group.
- Work with the Senior Finance Analyst and Regulatory Reporting Manager to develop models to translate our statutory performance into regulatory performance and vice versa to then be used for the ED3 bid process and ensure this incorporates any changes in Ofgem requirements for the next regulatory period.
- Work with the FP&A team members and the wider ED3 project team to populate, check and review the different versions of the ED3 submission Business Plan Data Template and associated commentary document.
- Work alongside the Regulation team, Finance Business partners and wider business to support re-opener applications. This will involve understanding the opportunity that each re-opener presents and helping to analyse and present the data to support the application to Ofgem as part of a cross-business project team.
- Support the Senior Finance Analyst to produce the annual Business Plan Commitments report which is submitted to Ofgem. This will involve liaising with SLT commitment owners across the wider business throughout the year to populate regular internal reporting on progress and issues as well as producing status reporting for our stakeholder panels.
- Work alongside the Regulatory Reporting Manager and Senior Finance Analyst to help produce the annual Regulatory Reporting Pack (RRP) and associated Strategic Performance Overview commentary.
- Have an awareness of Company Health & Safety initiatives and messages and report any near misses or incidents in line with policy.
Who We Are Looking For
- Qualified accountant
- Educated to degree level
- Strong excel skills with ability to build financial models and analyse and interpret large volumes of data
- Strong power-point and word skills to produce high quality reports and presentations, with ability to adapt material to the needs and knowledge level of the audience
- Power BI skills (Desirable)
- Understanding and experience of the Regulatory framework and reporting requirements in the Electricity industry. Ability to build models and analysis based on these rules and regulations making sensible planning assumptions as required (Desirable)
- Organisational skills with the ability to work to tight deadlines
- Self-motivated. Ability to work under pressure balancing competing resource needs
- Demonstrates a sense of ownership and commitment to deliver objectives despite barriers and challenges, making well-reasoned judgements where necessary to progress.
What We’re Offering
As a vital team member and in return for your expertise, inclusive approach and commitment, we'll provide a favourable salary and the chance to join a passionate and welcoming team. We are committed to ensuring our people are supported and are proud of our reward and benefits offer, which includes:
An annual bonus scheme
Private Health Care
25 days annual leave increasing with length of service
An employee rewards portal offering discounts on several well-known brands
A market-leading contributory pension scheme
Employee assistance programme
Opportunity for professional development through our L&D function.
We’re champions of the North West and we’re proud that it’s our electricity network that connects communities and helps keep the electricity flowing every minute of every day, from when you wake up to when you fall asleep and all the hours in between.
A key part of the UK’s journey to net zero carbon is the revolution of our electricity industry and as the regions network operator, it’s our responsibility to lead the way, help the North West to decarbonise and pave the way for the growth of renewable energy.
Together we have the energy to transform our communities. We are switched on. We are adaptable. We take pride.
Our people important to us and we’re passionate about creating a great place to work where we can all be ourselves, reach our full potential and build long lasting careers. We’re striving to increase diversity of thought and talent in our people and to recruit highly skilled workforce that’s representative of the communities we serve. For us, embracing our differences is what makes us stronger.
Should you require any additional support with your application, or any adjustments please contact our Recruitment team at
[email protected] or on 0845 366 0092 (option 2)
Any offer made will remain conditional until pre-employment checks are complete to a level deemed satisfactory by Electricity North West. Due to the of this role, the following pre-employment checks will be required; references from previous employers, a Medical Appointment, Disclosure and Barring Service (DBS)BS7858 checks) and a Drug & Alcohol test.
We reserve the right to close this vacancy early.
We don't accept speculative CVs from agencies. Any received we will assert ownership of the candidate and no fee will be payable
