Regulatory Analyst

Job Introduction

An opportunity has arisen for a Regulatory Analyst in NGED’s ED2 Regulation team, reporting to the Lead Regulatory Finance Analyst. You will specifically focus on Opex RRP reporting and have ownership of NGED’s Hyperion Opex and Avon (RRP consolidation) models.

As part of the ED2 Regulation team, you will play a key role in providing high quality regulatory data and information to tight deadlines, for both internal and external stakeholders, using and enhancing a variety of models, systems and processes.

Preferably this role will be based out of our Bristol, Castle Donington or Tipton offices, but we can discuss other NGED locations with the successful candidate.

Depending on experience, you may initially be appointed at a lower salary until all relevant courses and training are complete.

Main Responsibilities

• Responsible for controlling and maintaining regulatory cost reporting within the Hyperion environment for Opex and Avon. Work closely with the IT development team to develop, test and deliver new models/dashboards as required and future developments of existing models.
• Undertake monthly runs of the Hyperion Opex and Avon models for monthly reporting and pursue issue resolution ahead of year end reporting.
• Responsible for preparation and submission of allocated sections of the annual Regulatory Reporting Pack (RRP) reporting to Ofgem, providing data input, table population and commentary for range of cost, volume and memo reporting requirements. Liaise across the business to ensure NGED provides detailed explanations for performance.
• Ensure all areas of responsibility have adequate controls and governance in operation, and comply with DAG (data assurance guidance)
• Maintain a detailed knowledge of regulatory instructions and guidance (RIGs), identify issues and input into Ofgem annual RIGs consultations.
• Provide other high quality regulatory information for submission to OFGEM, including reopener submissions, consultation responses and information requests. Assist in the analysis, interpretation and implications of regulatory requests and proposals.
• Attend Ofgem and industry working groups as required, representing NGED.
• Support the RIIO-ED2 Regulation Manager, Lead Regulatory Finance Analyst and other team members on any ad-hoc requests from both internal and external sources.

Ideal Candidate

The successful candidate will have an accounting background and have a good understanding of accounting and financial policies, procedures and systems. You will also be familiar with regulatory reporting and be able to review and interpret regulatory reporting instructions and guidance (RIGs).

It is essential that you have a full understanding of (or the capability to learn quickly) NGED’s Hyperion reporting models and good knowledge of NGED’s regulatory environment and utility price controls.

We are looking for someone who has the ability to communicate effectively, both verbally and in writing and to work under pressure to tight deadlines, producing high quality outputs. You will need excellent interpersonal skills, representing the team and NGED in a professional manner at all times.

To hit the ground running, you will need excellent computer skills (especially advanced Excel skills), excellent attention to detail, analytical and problem-solving skills and the proven ability to work on your own initiative

Flexible working options may be available and this will be discussed with the successful candidate. We expect to see you in the office 2 days per week.

Travel to other locations on an occasional basis forms part of the role and therefore holding a UK driving licence will be beneficial.