Are you ready to join the mission to secure vital investment in our energy system while protecting the interests of consumers across Great Britain? Ofgem is looking for a Chief Financial Advisor to join us and help lead our regulatory finance strategy, influencing multibillion-pound decisions that will shape the energy sector for decades to come.
Ofgem is Great Britain’s independent energy regulator. We’re at the forefront of change across the energy sector, driving toward Net Zero and supporting growth whilst protecting energy consumers, especially vulnerable people.
We’re offering a permanent senior leadership role that gives you the opportunity to directly shape the regulatory and investment landscape of the UK’s energy infrastructure. Working at the intersection of corporate finance, energy policy and regulation, this is your chance to steer one of the most high-profile areas of Ofgem’s work. Together with the Deputy Director for Regulatory Finance, you’ll jointly lead a diverse team of multidisciplinary professionals and play a key role in securing fair, robust, and investable outcomes for consumers and markets alike.
This is a pivotal position where your leadership will influence decisions at the highest levels, including Ofgem’s Board (GEMA) and Executive Committee. From overseeing investor relations to advising on price controls and funding models, your input will help determine how Great Britain attracts and manages investment into regulated energy sectors. Your financial advice will also support innovation in emerging areas such as hydrogen, long-duration energy storage, and financing low-carbon infrastructure.
We’re looking for someone with inspiring leadership credentials, coupled with deep knowledge of corporate finance, capital markets and price control frameworks. You’ll bring the authority to advise board-level stakeholders, the credibility to engage with industry and investors, and the analytical depth to shape complex financial policy.
In return, you’ll join a high-impact organisation that values professional excellence and public purpose. You’ll benefit from a collaborative executive environment, office locations across the country, as well as remote working options, and the chance to influence one of the most important transitions in UK economic and environmental history.
We have a critical purpose to enable the investment required for our energy future, at a cost that is fair for investors and consumers. This is your opportunity to help shape the regulatory environment that makes that possible, with lasting impact on people, policy and planet.
Job description
The Regulatory Finance team provides Ofgem with the analysis, expert financial and economic advice that enables GEMA and senior leadership to make robust decisions that protect the consumer, whilst enabling vital investment across the energy sector. We are looking to recruit a Chief Financial Advisor to jointly lead Ofgem’s Regulatory Finance portfolio. We are looking to fill this role with a highly experienced finance professional.
The role of Chief Financial Advisor is an integral role providing expert leadership, analysis and guidance to Ofgem and GEMA on all matters of regulatory finance. In this role, you’ll be playing your part in creating regulatory policy that is great for customers, great for the environment, and great for investors in our energy system. You will lead a diverse team of around 15-20 multi-disciplinary professionals under the Regulatory Finance portfolio, advising on the financial and investable aspects of the licensees we oversee.
You will oversee and advise on Ofgem’s investor relations strategy. You will be an active member of the FRC leadership team and work closely alongside the Deputy Director for Regulatory Finance.
We are keen to hear from a wide range of applicants from diverse backgrounds to underpin our commitment to a workforce that is representative of the communities we serve and the consumers we protect.
Person specification
Essential Criteria
- Track record of successful leadership of a finance team in the public or private sector with extensive experience of managing and developing diverse teams and ways of working. (Lead)
- Previous leadership experience in economic Regulation, specifically corporate finance (equity and debt)– for example in the financial sector, asa managing consultant/partner, strategic or financial analyst, and/or economist; likely with high quality post graduate finance qualifications. (Lead)
- Strong knowledge and experience of regulatory finance, including setting and operating price controls, cost of capital, regulatory funding models, treatment of tax, depreciation and capital adequacy requirements
- Strong quantitative and qualitative financial analytical skills, analysis of complex situations and policy decisions;
- Proven experience of providing high quality strategic and technical financial advice at board level
- The assessment and management of risk in complex projects against demanding deadlines; and creating and influencing diverse networks of people
More information about the role and recruitment process can be found in the attached Role Profile and candidate pack.
Behaviours
We'll assess you against these behaviours during the selection process:
- Communicating and Influencing
- Leadership
- Seeing the Big Picture
Benefits
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, 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.
