Equity Finance Expert

Influence the financing of the energy sector by offering expert input on equity issues

As the UK’s regulator for the energy industry, Ofgem works on behalf of energy consumers to ensure that every household and business in the UK can rely on a safe, affordable and environmentally sustainable energy supply. We take a keen interest in the cost of capital, finance ability and capital structures of the organisations we regulate. Our Corporate Finance team offers assessment, advice and thought leadership in this critical area.

As a specialist in equity finance, you will advise policy and other teams on network price controls, the retail sector, and new sectors such as regulated nuclear and carbon capture utilisation and storage. You will also support the development of competitive regimes for offshore and onshore transmission, and other discrete infrastructure projects. We’ll also look to you for input on key equity financeability issues, including the cost of capital for organisations Ofgem regulates.

With a background in a regulatory or economic environment or a financial institution, you’ll bring extensive equity finance experience, ideally with some exposure to the energy sector. Holding a recognised professional qualification (CCAB, CFA, MSc Finance) or able to demonstrate relevant finance or commercial experience, you’ll have a strong record of achievement.

Understanding of the requirements of public and private equity investors, including risk/return trade-offs, investment approaches and drivers of value would be an advantage, as would knowledge of financial modelling. A proven ability to see the big picture and make effective decisions is important, along with strong communication skills and a capacity to deliver at pace.

Ofgem relies on having a workforce that reflects the society we serve, so we welcome candidates from all backgrounds, and especially those from underrepresented groups. While this is a full-time role, flexible working patterns and job shares are welcome. We will also support you with excellent training and development opportunities, plus a competitive benefits package.

Key Responsibilities of this Role 

• Provide high-quality advice and guidance on matters relating to equity financing and financeability issues across the sub-sectors that Ofgem regulates.

• Lead work on allowed equity 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 equity financing 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.