Banking & Financial Services

Regulatory Finance Analyst

Full Time

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About the Role

Base Location: Perth/Glasgow

Salary: £32,500 – £43,000 + performance-related bonus + a range of other benefits to support your family, finances and wellbeing.

Working Pattern: Permanent | Full Time | options available

This role will be responsible for financial planning and analysis for the SSE Networks (SSEN) division at a critical time of change and scrutiny in the industry, reporting to the Head of Corporate & Regulatory Finance. You will be primarily responsible for long-term forecast models, which are vital to the Networks companies due to the long-term nature of their price controls. This will involve interaction with the business to understand regulatory aims and priorities as well as a sound understanding of the regulatory mechanism. The role is corporate finance focussed and will be key in both supporting and evaluating business decisions.

You will deal with a wide reach of stakeholders in addition to the business including the Regulator, investors, analysts, credit rating agencies and internal corporate functions.

This is a varied and challenging role with primary responsibilities as follows:

-Financial modelling of long-term forecasts for the Distribution and Transmission companies, including the provision of financial insight and communicating the forecasts to key business stakeholders;

-Execution of Networks price control financial modelling to support business decisions and forecasting responsibilities;

-Reporting of regulatory performance to the Regulator;

-Providing regulatory finance support for the RIIO-2 price controls for both Distribution and Transmission;

-Key point of contact for interactions with our Regulation, Corporate Finance and Investor Relations colleagues with reference to both internal and external modelling;

-Establishing and maintaining a working relationship with the Regulator, specifically relating to price control queries.

Key Accountabilities

-Supporting the Head of Corporate & Regulatory Finance by preparation of long-term forecasts, covering both RIIO-2 and RIIO-3

-Maintenance and improvement of long-term forecasting models

-Responsibility for both specific and day-to-day modelling requests;

-Reporting of regulatory performance to the Regulator, including involvement with Business Assurance and Compliance;

-Representing SSEN at external meetings with the Regulator and other Network Operators when required, ensuring SSEN’s position is asserted accordingly;

-Building strong working relationships with key stakeholders.

What do I need?

Essential

-Fully qualified accountant or with a suitable alternative financial qualification.

-Ability to work to tight timescales, under pressure and deliver to a high standard whilst being pro-active and uses initiative to develop financial models and outputs.

-Comfortable reviewing finance related elements of legal/regulatory documentation.

-Willingness to undertake challenging tasks often beyond your ‘comfort zone.

Desirable

-Financial modelling experience

-Understanding of financial systems, data management and general application of estimation and calculation methodologies would be highly advantageous.

About our Business

Our SSE Finance function has a key part to play in fulfilling SSE’s obligations as a UK-listed company, providing expertise and services that can be shared across the SSE Group, and working in partnership with all businesses to provide services tailored to their specific needs. SSE operates in a highly regulated and increasingly competitive environment, and our role is to ensure that we gather, compile, analyse and recommend on the financial strategy for our businesses, identifying opportunities to drive efficiencies and create value for SSE now, and in the future.

Life at SSE

If you’re considering a career with us, you’re probably wondering what’s in it for you? From health and wellness to finances and family, we’re proud of our which includes 34 days holiday (plus the option to buy additional days), enhanced maternity and paternity leave, discounted healthcare and a wide range of offers via our SSE Advantage scheme.

At SSE we’re proud to celebrate difference. We all have different skills, experience and backgrounds and we strive to have a friendly and inclusive culture where you can be yourself. We take pride in a job well done and share the belief that an inclusive culture is key to our success and vision for the future. Above all, safety is at the heart of everything we do at SSE and we live by the mantra ‘if it’s not safe, we don’t do it’.

SSE is an equal opportunity employer. We encourage diversity and are committed to creating an for all employees. We actively encourage applicants from all protected characteristics and commit to providing any reasonable adjustments required during the application and assessment process, and upon joining SSE.

Next Steps

All applications should be submitted online, and I’ll be back in touch after the vacancy closing date to let you know the outcome.

If you would like to discuss any working differently requirements or adjustments you may require throughout the recruitment and selection process, please contact / (phone number removed).

EXTERNAL: Before commencing employment with SSE, you’ll be required to fully complete our pre-employment screening process consisting of a basic criminal records and credit check.

INTERNAL: As a courtesy, please let your current line manager know you are applying.

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