Successful candidates may be based in any of our office locations – Cardiff, Glasgow, or London. We especially welcome applicants from Cardiff and Glasgow.
Job Summary
Ofgem is Great Britain’s independent energy regulator. Our purpose is to protect energy consumers, especially vulnerable people, by ensuring they are treated fairly and benefit from a cleaner, greener environment.
This is an exciting opportunity to join Ofgem as a Senior Financial Advisor – Cost of Capital within our Financial Advisory team. You’ll play a key role in shaping the financial frameworks that underpin the UK’s energy transition, ensuring that regulated sectors remain financeable while supporting investment in a low-carbon future.
The Financial Advisory team is a dynamic and inclusive group of experts providing advice on corporate and regulatory finance issues. From a base within the Corporate Finance sub-team, you will work on a wide range of projects across Ofgem, contributing to price control frameworks, advising on debt financing and financeability, and supporting emerging sectors such as New Nuclear, Carbon Capture and Storage, and Hydrogen.
In this role, you will provide high-quality advice on debt financing and structuring, engage with stakeholders across government, industry, and the investor community, and prepare robust documentation to support decisions. You will collaborate with colleagues across Regulatory Finance and beyond, ensuring that our financial approach aligns with organisational priorities and delivers value for consumers. As a senior member of the team, you will also lead training in your area of expertise and support the development of colleagues.
We are looking for someone with a recognised finance qualification such as CCAB, CFA, or MSc Finance, or equivalent experience demonstrated through a strong track record of achievement. You will have expertise in debt capital markets, asset origination, debt advisory, or credit analysis, and the ability to process and communicate complex financial information clearly to varied audiences. Strong collaboration skills and experience in managing options and decisions that align with strategic priorities are essential.
This is a chance to make a real impact helping to ensure that the UK’s energy system remains resilient and financeable as we move towards Net Zero. You’ll join a supportive and forward-thinking team where your expertise will help shape decisions that matter.
Join us and help shape the future of energy in the UK.
Job description
The current energy market environment is unprecedented, with geopolitical issues leading to volatility in global energy prices. Now more than ever we need to go further and faster in pursuing the country’s climate goals and reduce our reliance on fossil fuels to protect ourselves from similar future price shocks.
Such challenging times require bold action. We are looking for people to meet the challenges we face head-on, and help us deliver a greener, fairer energy system.
The Financial Advisory sub-profession is a dynamic, friendly, and inclusive team consisting of financial experts with a range of financial skills and backgrounds. It provides advice to the organisation on corporate and regulatory finance issues, has financial oversight of the retail market, as well as leading on the operation and implementation of Ofgem’s RIIO price controls. It has sub-teams in Corporate Finance, Finance Policy, Strategic Planning and Investor Relations, Regulatory Reporting, Commercial Advisory, Retail Financial Monitoring and Financial Modelling.
From a base within the Corporate Finance team, you will have the opportunity to work on a wide range of cross-Ofgem projects that require your skills and expertise.
Key Responsibilities of this Role
- Provide high-quality advice and guidance on matters relating to debt financing and financeability issues across the sub-sectors that Ofgem regulates.
- Contribute to work on allowed debt returns and financeability within price control frameworks.
- Provide tailored support to nascent sectors such as New Nuclear, Carbon Capture and Storage and Hydrogen.
- Engage with internal and external stakeholders on matters related to debt financing, structuring and returns. External stakeholders include, but are not limited to, HM Government, sector regulators, UK Regulators Network, regulated companies, investors and credit rating agencies.
- Prepare high quality documentation of all analysis and decisions.
- Work collaboratively with colleagues across Regulatory Finance to support the team’s contribution to the overall Ofgem work plan.
- Lead training in area of expertise and actively support the development of colleagues.
Key Stakeholder Relationships
Internal
- Team, Workstream and Portfolio Managers
- Experts/Technical Specialists
- Heads of Professions
- Professional Development Leads
- Profession Officers
External
- Other Government Departments
- Other Regulators, including UKRN
- Regulator counterparts, consultants, academia, and think tanks (as appropriate)
- Energy Sector
- Investor community, including rating agencies
Person specification
Please ensure you demonstrate clearly within your personal statement, how you meet each of the criteria below (not more than 1250 words).
In the event of receiving a large number of applications an initial sift may take place on just the identified lead criteria indicated below.
ESSENTIAL CRITERIA:
- Debt financing experience gained primarily through a financial institution or regulatory background, including an understanding of debt products and ratings agency methodologies (Lead criteria).
- Financial or commercial experience, that can be demonstrated by proven record of high performance and substantial achievements in past positions. (Lead criteria).
- Extensive experience working collaboratively with diverse teams.
- Ability to process and communicate complex information and data to a wide range of stakeholders.
Benefits
Alongside your salary of £47,895, OFGEM contributes £13,875 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.
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.
Selection process details
This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours and Experience.
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 then be asked to provide a 1250 word ‘personal statement’ evidencing how you meet the essential criteria skills and capabilities listed in the role profile. Please ensure you demonstrate clearly, within your supporting statement, how you meet each of the criteria listed in the role profile.
Apply before 11:55 pm on Monday 1st December 2025
