Finance Business Partner

Press Tab to Move to Skip to Content Link Select how often (in days) to receive an alert: There’s never been a more exciting time to join our Regulatory Finance function National Grid is at the heart of delivering the transition to Net Zero and meeting the Governments targets. In order to deliver this, we will need to ensure we have the right regulatory frameworks to support this fundamental change to the energy industry. As a

Finance Business Partner (Regulation) , you will be partnering with Regulation teams, other Finance teams, and the wider business, providing regulatory advice to deliver additional value and improve regulatory knowledge and acumen across National Grid Electricity Distribution (NGED) and other parts of the wider National Grid organisation. Additionally, you will be engaging with Ofgem to ensure compliance with the RIIO-2 regulatory framework and that it correctly delivers revenues for National Grid Electricity Distribution (NGED). This role is be based out of our Warwick office, and we’d hope to see you at least two days per week but you’re welcome to be in the office more often if that would work best for you. Additionally, we are open for this role to be based out of our Pegasus or Bristol office. We’re happy to discuss any additional flexibility in working patterns or requirements that you feel could help to make this job work for you What You'll Do

Engagement with the regulator to ensure all financial aspects of the RIIO-2 contract are correctly enacted through adhering to rules and guidance laid out in regulatory instruments including the NGED RIIO-2 licence, Price Control Financial Model (PCFM), Price Control Financial Handbook and PCFM Guidance. Develop responses to Ofgem consultations relevant to regulatory instruments. Proactively seek to amend regulatory instruments and propose solutions when needed through engagement across National Grid, with other Network owners, and Ofgem. Development of forecasting policy for inputs to the revenue forecasting process and integration of the policy with the Regulatory Reporting Process ensuring that the interactions between internal and external forecasting processes and policies are understood by stakeholders. Development of revenue forecast (through completion and submission of Ofgem’s Price Control Financial Model) in a manner which actively ensures regulatory compliance, optimises claimed revenue and identifies and manages financial and compliance risks. Responsible for significant elements of the annual submission of revenue forecast (through completion and submission of Ofgem’s Price Control Financial Model) in a manner which actively ensures regulatory compliance, optimises calculated revenue and identifies and manages financial and compliance risks. Responsible for the Regulatory Financial Performance Reporting (RFPR) Process which informs Ofgem’s view of our regulatory performance and calculates Return on Regulated Equity, actively ensuring regulatory compliance / strong assurance and understanding of our performance for inclusion in the supporting narrative. Draft key elements of the performance narrative. As part of a centre of excellence for the financial aspects of the RIIO contract for NGED, be responsible for providing quality, timely advice to Finance and the business, in a way that non-specialists can readily understand and provides value adding insight. Responsible for establishing and transferring appropriate knowledge of the RIIO contract and regulatory requirements across Finance and the business in order to support the business in making value adding decisions. Work collaboratively across the team to share best practise and experience to optimise overall team efficiency and effectiveness. What You'll Have

Reporting financial information – data and narrative. In-depth understanding of financial regulations and compliance requirements relevant to the industry Ability to collaborate effectively with cross-functional teams, legal departments, and external stakeholders to address regulatory issues and ensure compliance. Financial and investment appraisal. Stakeholder engagement and influencing skills. Ability to explain complex concepts to non-experts. Don’t meet every single requirement? Studies have shown that women and people of colour are less likely to apply for jobs unless they meet every single qualification. At National Grid, we are committed to building a diverse, inclusive, and authentic workplace for everyone. So, if you’re excited about this role but your experience or qualifications don’t match the job description exactly, we encourage you to apply anyway. You might just be the right person for our growing business in this role or another one. What You'll Get

Up to

£70,000

dependent on experience. Plus: Up to 15% Annual Bonus (based on personal and company performance). 28 days annual leave, plus eight statutory days in addition. The option to buy additional or sell holiday days every year. A generous contributory pension scheme - we will double match your contribution to a maximum company contribution of 12% Financial support to help cover the cost of professional membership subscriptions. Life Insurance 10 x base salary. Family care benefits including a back-up care service for when your usual care arrangements fall through (six paid days each year as standard with the option to purchase further days). Access to apps which support health, fitness, and wellbeing. Further Information

This is a hybrid working role from our Warwick, Pegasus, or Bristol office with

circa 2 days in the office

. The closing date for this vacancy is Midnight 22nd June 24, with interviews due to take place w/c 24th June ‘24 onwards. We encourage candidates to submit their applications as early as possible and not to wait until the published closing date. National Grid’s recruitment periods can and may vary. We reserve the right to remove this advert or close it to further applications at any point during the recruitment process. About us

Every day we deliver safe and secure energy to homes, communities, and businesses. We are there when people need us the most. We connect people to the energy they need for the lives they live. The pace of change in society and our industry is accelerating and our expertise and track record puts us in an unparalleled position to shape the sustainable future of our industry. To be successful we must anticipate the needs of our customers, reducing the cost of energy delivery today and pioneering the flexible energy systems of tomorrow. This requires us to deliver on our promises and always look for new opportunities to grow, both ourselves and our business. Inclusion and Diversity is not just about race, ethnicity, gender, or sexual orientation. It is about our employees who wake up every day to serve our 20 million customers. At National Grid, we aim to create an environment where everyone is welcomed for who they are and where our differences are not only accepted but are celebrated. We understand the value that a diverse team can add to our organisation and that is why we model inclusive behaviour starting with senior leadership. National Grid utilises the insights of our employees that come from all different cultures, backgrounds, and beliefs to better serve our customers and communities who are in the fore front of everything we do.

#J-18808-Ljbffr