Finance Business Partner - Regulatory Finance

National Grid • Permanent • Warwick, GB • £65k / year • 12m ago

We’re looking for two passionate Finance Business Partner – Regulatory Finance roles to join our Regulation team! These roles will play a key part in the agreement of the next regulatory price control for both our Electricity Transmission and Electricity Distribution businesses, helping to build the plan for National Grid Electricity Distribution (NGED), as well as to defend the plan that has been submitted by National Grid Electricity Transmission (NGET). These agreements will set our revenues and financial framework for FY29-FY33 and FY27-FY31 respectively and these roles will be key to delivering a positive outcome.

In this role for our Electricity Transmission business, you will focus on evidencing and defending the plan submitted as we navigate the draft and final determinations from Ofgem, working closely with business and functional stakeholders as well as our Regulation team to influence decisions. For our Electricity Distribution business, you will collaborate with stakeholders to build a financially sound plan that is strategically justified and well-evidenced. Acting as a key voice of Ofgem within the business, you will challenge proposals to strengthen the evidence base and ensure that the narrative accurately reflects future workload, efficiency targets, and the energy scenario. You will critically assess cost drivers and liaise with other Finance Business Partners, Business Leads, and the Regulation team to justify future plan dynamics, aiming to influence optimal outcomes. This role will serve as a vital interface between Ofgem, external stakeholders, and business and global functional stakeholders to develop the business plan submission that will establish our revenues and investment plans through the end of the decade, enabling the energy transition.

These roles are 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. 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

You will be a core part of the defence of the ET3 business plan upon receipt of Ofgem’s Draft Determinations, helping to write the response and gather evidence from the business & external sources to support the response
Following Final Determinations, you will be responsible for explaining the outcome to the NGET Business and Finance teams and setting budget guiderails based on the plan.
You will be one of the FBPs responsible for the creation of the business plan which will form the ED3 price control submission to Ofgem. This plan will be used to agree revenues and investment for NG Electricity Distribution FY29-FY33.
You will be one of the voices of Ofgem into the business, challenge business and support function proposals to strengthen evidence base, ensure top-down narrative reasonably reflects future workload, delivery considerations, bottom-up engineering justification reports and cost benefit analysis.
You will be responsible for working with the ED & Support Functions FBPs, Business and Regulation teams to create the inputs that are consolidated into the draft and final plans, as well as creating presentations for Governance reviews and feeds into the Business Plan document.
You will maintain engagement with Senior ED & Support Functions FBPs and relevant stakeholders in ED business and support functions to ensure alignment and input into key decisions (aligned to RAPIDs).
You will support on costing of the plan including internal analysis and market benchmarking to supports/challenge cost.
Support on the business plan narrative
Support on the production of data table cost tables for draft and final plans – accountable for ensuring accurate translation of agreed numbers.

What You'll Have

A Qualified Accountant with post qualification experience.
Planning, forecasting and budgeting.
Reporting financial information.
Cost Benefit Analysis and appraisal.
Evidence building including benchmarking and analysis of cost drivers.
Excellent communication skills as will have interfaces with a variety of stakeholders.
Self-starter and driven; analytical capability with ability to problem solve.
Clear leadership skills.
Commercial acumen and technical accounting knowledge.
Commerciality - demonstrable experience in driving performance within a business division
Stakeholder Engagement - influencing stakeholders to make optimal decisions through the insight and challenge you bring.
Continuous Improvement – evidence of how you have implemented improvements that are effective and sustainable, with stakeholder buy in.

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 £75,000 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 office with circa 2 days in the office. The closing date for this vacancy is Midnight 17 April 25, with interviews due to take place w/c 28 April 25 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

We’ve recently announced plans to invest around £60 billion across the next five years – a near doubling in investment compared to the prior period. This significant scale of investment in our energy networks will unlock economic growth and enable the increasingly digital, electrified, and decarbonised economies of the future. This makes us one of the biggest green investors in the sector, allowing us to revolutionise and decarbonise the energy future across electricity, gas and renewables for the benefit of everyone.

A large part of this investment will be across the UK within the Electricity Transmission business where we maintain the high-voltage electricity transmission network in England and Wales. We take electricity generated from windfarms and other power sources and transport it through our network of pylons, overhead lines, cables, and substations. It then goes on to separate lower voltage local distribution networks, which connect directly to homes and businesses.

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.

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