Financial Advisor

• Job grade: Higher Executive Officer
• Contract type: Permanent
• Business area: Markets - Financial Resilience and Controls
• Type of role: Analytical, Finance
• Working pattern: Flexible working, Full-time
• Number of jobs available: 1

Location

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

About the job

Job summary

We are seeking a highly analytical and collaborative finance professional to support Ofgem’s oversight of financial resilience across the retail energy market. In this high-profile role, you will provide clear, evidence-based analysis to inform regulatory decision-making, assessing supplier financial performance, risk reporting and emerging market trends. Working closely with policy, supervision and operational teams, you will evaluate new licence applications, ownership changes and supplier growth, identifying risks and recommending appropriate regulatory responses. You will also deliver targeted analysis for senior stakeholders, support external enquiries and contribute to the continuous improvement of monitoring frameworks, governance and reporting. This is a varied and impactful opportunity for someone who can interpret complex financial information, build strong stakeholder relationships and translate insight into clear, actionable recommendations.

Ofgem has a culture of inclusion that encourages, supports and celebrates the diverse voices and experiences of our colleagues. It fuels our innovation and helps ensure we can best represent the consumers and the communities we serve. Everyone is welcome - as an inclusive workplace, our employees are comfortable bringing their authentic selves to work.

Please note that this position aligns to the internal generic role Lead Financial Advisor.

Job description

Key Role Responsibilities

• Design tailored financial analysis of regulated entities in order to appraise prospective risks to financial resiliance (SLC 4A & 4B). When designing analysis, set out a hypothesis and outline your scope, methodology, data dependencies, findings, conclusion and any next steps/further work. Ensure work is clear, organised and referencable.
• The focus of the tailored financial analysis will be dependent on (but not limited to: retail energy market conditions, licensee forecasting assumptions, licensee behaviour, wider energy market risks.
• Describe and explain the relationship between financial information used to conclude on the findings (and severity) of any risks & impacts to SLC4A & 4B.
• Describe, explain and clearly document the limitations and assumptions used in financial analysis, making these abundantly clear to any decision maker who uses your conclusions to inform any subsequent policy decisions.
• Where possible, identify sensitivities to other variables considered in your analysis.
• Take ownership and responsibility for presenting findings of specific analysis to relevant forums (e.g. FRC Stock take / Policy forum). Convey the implications of a market wide picture of the impacts whereever possible. Document any questions/actions, and ensure these are followed up after the event if not resolvable at the time.
• Where data inconsistencies or quality issues are identified in either RFI data sets, or wider RMIS team outputs – escalate these issues to the resonspible owner of these records/outputs, escalating via your line management chain where appropriate.
• Consider whether there are any other suitable datasets (whether internal or external) which may assist in supporting/coroborating any conclusions from your financial analysis. Draw on any such examples to strengthen your evidence basis.

Key Outputs and Deliverables

• Support analysis of qualitative or quantitative data for the purposes of producing evidence for policy advice.
• Assess the reliability and relevance of evidence and give objective advice.
• Support on the review of analytical / financial models, challenge input data and assumptions and interpret output data.
• Ensure that all assumptions are transparently presented with results and that key risks and sensitivities are assessed (caveats/limitations associated with conclusions up front).
• Contribute to producing both internal and external documents specifically presenting or communicating analysis in ways which non-financial colleagues can readily understand.
• Work to mutually agreeable SLAs on a project specific basis, informing the project lead/PMO of any delays in deliverables.

Person specification

Essential Criteria:

• Part Qualified CCAB accounting qualification OR other equivalent finance qualification e.g. CFA OR Financial/Economic related further education qualification (Lead)
• Great quantitative and qualitative analytical skills, along with a proven record of high performance and achievements in past positions.
• Contribute to complex projects and financial data tasks under appropriate supervision, while independently delivering smaller projects or workstreams with minimal oversight, ensuring all outputs are completed to a high standard and on time.
• Excellent written and verbal communication skills to communicate effectively complex data and analysis to non-expert audiences with the ability to build effective relationships and successfully influence and challenge external stakeholders.

Desirable Criteria:

• Evidence of continuous improvement in your work and approach to financial analysis.
• Previous knowledge/experience of the UK energy market.

Qualifications

Part Qualified CCAB accounting qualification OR other equivalent finance qualification e.g. CFA OR Financial/Economic related further education qualification

Behaviours

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

• Delivering at Pace

• Changing and Improving

• Making Effective Decisions

Technical skills

We'll assess you against these technical skills during the selection process:

• You'll be asked to complete a technical case study assessment at interview stage

Benefits

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.

Things you need to know

Artificial intelligence

Artificial intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance (opens in a new window) for more information on appropriate and inappropriate use.

Selection process details

This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Experience and Technical skills.

When you press the ‘Apply now’ button, you will be asked to complete personal details (not seen by the sift panel), your career history and qualifications.

You will also be asked to answer 3 application questions evidencing how your experience meets the criteria on the attached role profile

The Civil Service values honesty and integrity and expects all candidates to abide by these principles. You must ensure that any evidence submitted as part of your application or used during interview, including your CV and any statements or examples, are truthful and factually accurate. Ofgem takes any incidences of cheating very seriously. Please ensure all examples provided are of your own experience. Any instances of plagiarism or other forms of cheating will be investigated and, if proven, the relevant applications will be withdrawn from the process. Please note that plagiarism can include presenting the ideas and experiences of others, or generated by artificial intelligence, as your own.

Please refer to Civil Service candidate advice on the acceptable use of artificial intelligence within the recruitment and selection process - Artificial intelligence and recruitment , Civil Service Careers

The personal information we have collected from you will be shared with Cifas who will use it to prevent fraud, other unlawful or dishonest conduct, malpractice, and other seriously improper conduct. If any of these are detected, you could be refused certain services or employment. Your personal information will also be used to verify your identity. Further details of how your information will be used by us and Cifas, and your data protection rights, can be found by [ ].

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must undergo a basic (or equivalent) criminal record check.

People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

• UK nationals

• nationals of the Republic of Ireland

• nationals of Commonwealth countries who have the right to work in the UK

• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)

• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)

• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020

• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements (opens in a new window)

Working for the Civil Service

The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window).

The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.

The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the

Civil Service People Plan (opens in a new window)
and the

Civil Service Diversity and Inclusion Strategy (opens in a new window).

Apply and further information

This vacancy is part of the Great Place to Work for Veterans (opens in a new window) initiative.

The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment (opens in new window).

Once this job has closed, the job advert will no longer be available.
You may want to save a copy for your records.

Contact point for applicants

Job contact :

• Name : Lucy Dowding
• Email : recruitment@ofgem.gov.uk

Recruitment team

• Email : recruitment@ofgem.gov.uk

Further information

Appointment to the Civil Service is governed by the Civil Service Commission’s Recruitment Principles. You have the right to complain if you feel there has been a breach of these Recruitment Principles.

In the first instance, you should raise the matter directly via recruitment@ofgem.gov.uk. If you are not satisfied with the response, you may bring your complaint to the Commission. For further information on bringing a complaint to the Civil Service Commission, please visit their website.

Attachments

Role Profile_486723 Financial Advisor Opens in new window (pdf, 113kB) Candidate Pack_486723 Financial Advisor Opens in new window (pdf, 731kB) Terms and Conditions Apr25 Opens in new window (pdf, 335kB)

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