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Principal Corporate Finance Advisor - Debt

Ofgem ECO Reporting Working Group

Cardiff

On-site

GBP 61,000 - 71,000

Full time

30+ days ago

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Job summary

A leading energy regulatory body in the UK is seeking a Principal Corporate Finance Advisor to manage debt advisory initiatives. The role involves providing financial advice across various sectors, including utilities and carbon capture, with a focus on enhancing the UK's energy sector's transition to Net Zero. Candidates should have extensive experience in finance, particularly in debt products, and be comfortable working in diverse teams. This position offers a hybrid working model with competitive benefits.

Benefits

30 days annual leave

Civil Service pension scheme

Excellent training and development opportunities

Flexible working hours

Family friendly policies

Qualifications

Extensive debt and financing experience gained through a financial institution or regulatory background.
Ability to analyse complex information and communicate it to various stakeholders.
Significant finance or commercial experience with a proven record of high performance.

Responsibilities

Lead debt advisory work across Ofgem and provide finance and credit risk advice.
Collaborate closely with multidisciplinary teams to manage risks and resources.
Support investor relations and external regulator communications.

Skills

Debt advisory experience

Financial analysis

Strategic decision-making

Collaborative teamwork

Education

Experience from financial institutions or regulatory background

Principal Corporate Finance Advisor - Debt

1 week ago Be among the first 25 applicants

Successful candidates may be based in any of our office locations – Cardiff, Glasgow, or London, we are especially welcoming applications from people based in the Cardiff and Glasgow.

Hybrid working – on average, currently one day per week in the office, or approximately 20% of the month.

About the role

Do you want to play a leading role in safeguarding the financial stability of the UK’s energy system? Ofgem is looking for a Principal Corporate Financial Advisor – Debt to join us and help shape the investment and financing strategies that underpin the energy sector’s transition to Net Zero.

We’re offering a 12-month fixed-term contract (maternity cover) position with the chance to lead some of the most significant and high‑profile financial work in the energy sector. This is an opportunity to use your expertise in a role offering a unique view of the energy industry as we drive regulatory change for decarbonisation, resilience and consumer protection. You’ll be based in one of our core offices (London, Glasgow or Cardiff) with hybrid working and flexible arrangements, such as job‑shares, available.

In this pivotal role, you’ll lead debt advisory across all areas of Ofgem, from the regulation of networks and the retail sector to newer areas like nuclear and carbon capture and storage (CCUS). You’ll support major strategic initiatives, providing expert advice on financing models, engaging with rating agencies and City analysts, and playing a central role in credit risk assessments and financial resilience policy.

This is your chance to support major infrastructure development, including offshore and onshore transmission and other complex investment challenges. You’ll help refine the Price Control Financial Model, lead external advisory projects, and shape high‑level strategy through policy advice to senior leaders and our board.

We’re looking for someone with extensive debt and financing experience, ideally from a financial institution or regulatory background, and a deep understanding of debt products, credit ratings and capital structures. You’ll be confident operating at a strategic level, capable of analysing complex information and communicating it clearly to technical and non‑technical audiences.

At Ofgem, you’ll join a friendly and inclusive team of financial specialists working collaboratively across the organisation. You’ll enjoy the intellectual challenge of advising on issues that affect the whole of the GB energy sector, whilst being part of a workplace that values diversity, inclusion, and flexible working.

We have a critical purpose to ensure the financial resilience and long‑term viability of the UK’s energy market. Through expert debt and financing advice, you will be central to our mission to safeguard consumer interests, enable investment in infrastructure, and support the UK’s path to a low‑carbon future.

Purpose

Lead Ofgem’s debt advisory work across all areas of the organisation, providing outstanding finance and credit risk advice to policy and other teams.
Provide thought leadership on key debt and finance ability issues for Ofgem, including input into Ofgem’s financial resilience work across the organisation.
Be the focal point and expert in a multi‑disciplinary team in a specific work area in the context of operating in a Professions and Flexible Resourcing model.
Plan, oversee and deliver a set of work deliverables on time and to a high standard through effective project management and support of multidisciplinary team members.
Using your expertise, provide inclusive knowledge sharing, support and development that demonstrate commitment to Ofgem values.

Key Responsibilities

To support the team deliverables, that utilise your expertise to ensure successful outcomes across team members and collaborating teams

Provide clear and transparent work objectives, milestones and success metrics in your area of expertise to oversee and co‑ordinate successful team outcomes.
Collaborate closely with other teams to manage interdependencies, risks and resourcing to support portfolio delivery.
Where required, be jointly responsible with the PDL on welfare and pastoral care of all colleagues.
Demonstrate effective diversity and inclusive team management within their team and the wider organisation.

Key Outputs and Deliverables

Lead on debt advisory across Ofgem, including on network price controls, the retail sector, and new sectors such as regulated nuclear and CCUS. Lead regular engagement with rating agencies and City analysts.
Provide expert analysis relating to financing required to support the development of competitive regimes for offshore and onshore transmission and other discrete infrastructure projects and for new retail financing models.
Be the focal point for technical advice in Ofgem relating to cost of debt, derivatives, gearing, rating agencies, finance ability;
Support Regulatory Finance in its work on financial resilience and credit assessments of all companies in the GB energy sector.
Support investor relations team, external regulator liaison and the CEO Private Office as appropriate in their communications with external stakeholders.
Work with modelling team to refine Price Control Financial Model and other models to correctly implement policies and to answer stakeholder queries;
Procure and manage projects delivered by external advisors and consultants;
Write policy documents on debt and financing issues and general Regulatory Finance issues to inform senior management, GEMA committee and other parties as necessary.

Support the development of a high‑performing team based on effective resource management, ongoing support and professional development

Provide expert debt and financing guidance to help team members deliver, by building supportive, inclusive team environment based on trust‑based relationships, transparency and inclusivity.
Take ownership for own continued expert development and other team members’ professional development relating to cost of capital by:
Identifying your own continued professional development.
Providing ongoing coaching and identification of development opportunities. Provide advice and support for those Regulatory Finance colleagues who are pursuing the Chartered Financial Analyst qualification.

Person specification

Please ensure you demonstrate clearly within your personal statement, how you meet each of the essential and desirable 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

Have extensive debt and financing experience gained primarily through a financial institution or regulatory background, including a strong understanding of debt products, knowledge of credit market pricing and ratings agency methodologies Lead criteria.
Have significant finance 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.

DESIRABLE

Understanding of economic regulation, particularly in the utilities sector.
Understanding of financial modelling.

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 and desirable 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.

Alongside your salary of £61,446, OFGEM contributes £17,800 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.

Apply before 11:55 pm on Monday 24th November 2025

Seniority level