Are you ready to be at the forefront of an energy revolution? Ofgem is not just leading the charge towards a Net Zero future - we are the driving force behind the transformation of the UK’s energy sector. We are currently on the hunt for two Senior Cost Analysts to take on an exciting challenge and play a pivotal role in meeting our decarbonisation goals.
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.
We’re offering two permanent, full-time roles with opportunities to expand your expertise, take on high-profile projects and build a diverse skill set in the energy sector. This varied role allows you to take ownership of key projects that are currently shaping the future of the energy sector, supporting our mission to ensure a sustainable and affordable energy supply for everyone.
You’ll work alongside our talented teams, providing advice and guidance to support evidence-based decisions, promote regulatory compliance and push the boundaries of what’s possible in the journey to Net Zero. This role offers the perfect blend of challenge and opportunity, with the chance to collaborate with industry experts, drive real change and develop professionally along the way.
We’re looking for individuals who are excited by the complexities of the energy sector and have experience in energy, infrastructure or regulatory environments. You’ll need experience in the operation or regulation of infrastructure or utility companies (or similar), and in return you’ll find all the resources and support you need to thrive and make a meaningful impact.
What’s more, we offer fully flexible working, including condensed hours and a hybrid working model, with just one day a week in our stunning, modern offices in London, Glasgow or Cardiff. You’ll enjoy a fantastic range of benefits and rewards, all within a collaborative and supportive environment where your expertise is valued, and teamwork is key.
We have a critical purpose in the fight against climate change and the drive towards a carbon-neutral future, and this is your chance to enhance your professional profile and take on meaningful, high-impact work in the energy sector.
Job description
The Low Carbon Regulated Asset Base (RAB) team is a collection of high performing, collaborative, and flexible staff, working across a number of new and exciting policy areas. Our work is excitingly varied from advising the Department for Energy Security and Net Zero (DESNZ), and His Majesty's Treasury (HMT) on regulatory and strategic issues, developing new approaches to financing large scale energy investment, regulating new energy technologies and services, to developing policy crucial for meeting our decarbonisation goals.
Some of the team’s remit currently includes carbon capture use and storage (CCUS), new nuclear investment, and hydrogen transport.
As part of a cooperative and interdependent team of policy, finance, engineering, legal and regulatory experts, new joiners to the team will have the opportunity to take responsibility for managing aspects of the programmes.
Senior Cost Analyst (G7/2b): We are currently recruiting for two Senior Cost Analysts for policy implementation with an analytical, technical or accounting focus across the LC RAB programmes. The analytical skills and outputs required for the roles are similar, but the roles have slightly different purpose as per below.
Role 1: cost assessment
- Becoming the team’s expert on Track 1 CCUS T&S Networks and proposed H2 Transport projects, with a comprehensive understanding of the project’s design, implementation, cost estimate maturity, risks, and programme progress.
- Being the first point of contact at a working level for prospective licensees, building a strong relationship with Licensee’s and furthering Ofgem’s reputation as a dependable stakeholder.
- Planning, overseeing and delivering work on time and to a high standard through effective organisation and prioritisation of requests for support from multidisciplinary team members.
Role 2: reporting and cost logging
- For the LC RAB programmes, monitoring, reviewing, managing and verifying licensee’s regulatory submissions (RIGs - regulatory instructions and guidance).
- Verifying and managing costs reported by licensees, to protect network users and consumers certain categories of project overspend (cost logging).
- Developing and maintain a structured record management system for cost logging and project delivery. This will include licensee and other stakeholders’ engagement and governance.
- Planning, overseeing and delivering work on time and to a high standard through effective organisation and prioritisation of requests for support from multidisciplinary team members.
Key Outputs and Deliverables
Use your expertise to:
- Advise colleagues and senior management on project status and key technical/commercial risks to the relevant project.
- Provide general support and guidance to Licensees as the first point of contact; triaging more complex requests as appropriate and/or,
- Review and verify accounts provided by the Licensee to identify errors or incorrectly categorised costs.
- Provide expertise in the following areas:
- Cost Estimate maturity and contingency allocation.
- Earned Value Analysis.
- Project delivery, including Planning, Permitting, and Governance.
- Cost logging.
- Develop a structured record management system to track project progress to enhance Ofgem’s long-term organisational capacity and build a strong evidence base to rely on when making Regulatory Determinations.
- Build strong relationships with stakeholders within Ofgem, with Licensees, and across HMG to provide guidance to help colleagues members make evidence-based decisions and help Licensees to efficiently comply with their Regulatory obligations.
Person specification
Essential Criteria
- Experience in the operation or regulation of infrastructure / utility companies (or similar infrastructure developers or large complex corporations). (Lead criteria)
- Experience in the developing of business cases, cost estimates, value-for-money assessments, or regulatory impact assessments; reporting, quality assurance, safety and governance of major infrastructure or similarly complex projects. (Lead criteria)
- Experience working within an engineering/technical/cost advising or consultancy environment.
- Experience working in a complex environment, providing expertise and advice on strategic or operational performance related matters.
- Example of delivering large projects/work outcomes to a deadline at a high standard.
Desirable Criteria
- Advanced Excel and modelling skills.
Behaviours
We'll assess you against these behaviours during the selection process:
- Making Effective Decisions
- Working Together
- Delivering at Pace
Apply before 11:55 pm on Monday 23rd September 2024
