An exciting opportunity is available for a Regulatory Outputs Analyst to play a key role within the RIIO-ED2 Regulation team to develop, provide and report high quality regulatory data and analysis for both internal and external stakeholders.
Reporting to the Lead Regulatory Outputs Analyst, you’ll bring engineering insights to reporting and regulatory developments, and be confident showcasing your strong data analysis skills.
As this is a new role, you’ll play an integral part supporting the establishment of new ways of working for Regulation as National Grid Electricity Distribution (NGED) evolves its organisational structure. Utilising your effective relationship building abilities, you’ll form close working relationships with teams within other NGED directorates.
You’ll be preferably based at one of our offices in Castle Donington, Bristol or Tipton, however other locations will be considered. Hybrid working is available with approximately 2 days a week in the office and the remainder from home.
About UsWe’re National Grid Electricity Distribution (NGED), the owner and operator behind the electricity distribution systems for the Midlands, the Southwest of England and South Wales. Serving communities of more than 8 million people, our expert teams deliver heat, light and power for homes and businesses.
National Grid employs over 29,000 people worldwide. We are building an inclusive workplace, a place to actively celebrate the cultures, personalities and preferences of our colleagues – who in turn help to build the success of our business and reflect the diversity of the communities we serve. Our vision is to be at the heart of a clean, fair and affordable energy future and we are doing this in a fast-moving industry with an increasing focus on tackling climate change, exploring new energy sources that are renewable, low carbon, and improve efficiency to meet demand.
Main Responsibilities
Be responsible for preparation and submission of allocated sections of the annual Regulatory Reporting Pack (RRP) reporting to Ofgem, providing data input, table population and commentary for a range of cost, volume and memorandum reporting requirements, with a focus on asset and activity volume reporting, and especially on non-load capex and network operating costs reporting.
Liaise across the business to ensure NGED provides detailed explanations for price control performance.
Provide regulatory expertise and input for internal monitoring, reporting and forecasting processes, including for dashboard development
Review changes to regulatory reporting requirements, including reviewing changes to the RIGs (Regulatory Instructions and Guidance), understanding the business implication of such changes and provide regulatory expertise on this.
Monitor and review all associated processes and information sources so as to identify changes to systems required to match changes in regulatory focus and reporting; and address these with relevant NGED teams. From these systems, effectively and efficiently produce all required data to a high standard of accuracy, continuously identifying any areas of enhancement required.
Provide a variety of high quality regulatory information for submission to OFGEM, including re-opener submissions, close-out submissions, consultation responses and information requests. Assist in the analysis, interpretation and implications of a variety of regulatory requests and proposals and subsequent decisions from Ofgem.
Attend Ofgem and industry working groups as required, representing NGED in a professional manner.
The Ideal CandidateThe successful candidate will be able to communicate insights and recommendations clearly and effectively at multiple levels, both in writing and orally. You will be able to work independently and proactively under pressure to tight deadlines, producing high quality outputs.
You should be adaptable and able to respond to the changing nature of tasks in a regulatory environment.
Skills needed include:
Excellent data management and analytical skills
Excellent interpersonal skills
Excellent computer skills, including spreadsheet modelling
Excellent attention to detail, ensuring integrity and accuracy of analysis and reporting
Ideally you will have a relevant qualification at Level 5 or higher in a related discipline or equivalent experience.
Knowledge of distribution network design and operations and an understanding of NGED’s regulatory environment and utility price controls would be an advantage. If not held, you would need a demonstrable ability to build this knowledge quickly.
Travel to other locations on an occasional basis forms part of the role and therefore holding a UK driving licence is beneficial.
National Grid Electricity Distribution is committed to safeguarding the interests of the Company, colleagues and customers. This role is subject to a satisfactory Barring Service (DBS) check. Depending on the role, different levels of screening and vetting are required. Some roles require a triannual check.
About The CompanyJoining the UK’s leading electricity distribution business means plenty of career opportunities and well-deserved recognition. We reward hard work and encourage ambition. So, as well as a competitive salary, you will also benefit from:
26 days paid leave plus 8 bank holidays, up to 28 days with continuous service
Competitive contributory pension scheme (we double match your contributions up to a maximum of 12%)
Annual Share Save plan
Private healthcare scheme for you, and contributory healthcare for your family
Support via our Employee Assistance Programme, including musculoskeletal and physiotherapy services
Free on-site parking at all our main sites
Things you need to know
As an equal opportunities employer who is committed to Diversity, Equity and Inclusion, we celebrate individual difference and are actively bringing in more employees from diverse backgrounds to build on our inclusive culture. We anonymise all applications in our recruitment system so we can eliminate unconscious bias and be a workplace that reflects the community we serve. Hiring managers only have access to necessary information at interview stage. If you require additional support to complete your online application, please email nged.recruitment@nationalgrid.co.uk
Recruitment correspondence is usually sent by email, please check your email account including spam/junk folders regularly after the closing date.
We reserve the right to close the vacancy early should sufficient numbers of suitable applications be received, so it would be best to apply as soon as you can.
