Senior Financial Advisor (Cost of Capital)

Ofgem ECO Reporting Working Group; Cardiff; Hybrid; GBP 40,000 - 48,000; Full time

Job summary

A regulatory body in the energy sector seeks a Senior Financial Advisor to provide high-quality advice on debt financing and structuring, engage with various stakeholders, and lead training within the Financial Advisory team. The ideal candidate will have strong debt financing experience, a proven record of success in finance, and excellent collaborative skills. This role is based in Cardiff and offers a competitive salary and hybrid working options.

Benefits

Salary: £47,895

Pension contributions of £13,875

30 days annual leave after 2 years

Excellent training and development opportunities

Hybrid working

Flexible working hours

Qualifications

• Experience gained through a financial institution or regulatory background.
• Original understanding of debt products and methodologies.
• Proven record of high performance and achievements.

Responsibilities

• Provide advice on debt financing and financeability.
• Contribute to allowed debt returns and financeability work.
• Engage with stakeholders on debt financing and structuring.
• Prepare documentation for analysis and decisions.
• Support team’s contribution to the overall work plan.
• Lead training and support development of colleagues.

Skills

Debt financing experience

Financial/commercial experience

Collaborative teamwork

Complex information communication

Job description

Senior Financial Advisor (Cost of Capital)

Ofgem is Great Britain’s independent energy regulator. Our purpose is to protect energy consumers, especially vulnerable people, by ensuring they are treated fairly and benefit from a cleaner, greener environment.

Candidates may be based in Cardiff, Glasgow or London – we especially welcome applicants from Cardiff and Glasgow.

Job Summary

As a Senior Financial Advisor – Cost of Capital within the Financial Advisory team, you will provide high‑quality advice on debt financing and structuring, engage with government, industry and investor stakeholders, and prepare robust documentation to support decisions. You will collaborate with Regulatory Finance and other teams, align financial approaches with organisational priorities, and lead training in your area of expertise.

Key Responsibilities

• Provide high‑quality advice and guidance on matters relating to debt financing and financeability across Ofgem’s regulated sub‑sectors.
• Contribute to work on allowed debt 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 debt financing, structuring and returns, including 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 Regulatory Finance to support the team’s contribution to the overall Ofgem work plan.
• Lead training in your area of expertise and actively support the development of colleagues.

Key Stakeholder Relationships

Internal

• Team, Workstream and Portfolio Managers
• Experts/Technical Specialists
• Heads of Professions
• Professional Development Leads
• Profession Officers

External

• Other Government Departments
• Other Regulators, including UKRN
• Regulator counterparts, consultants, academia and think tanks (as appropriate)
• Investor community, including rating agencies

Person Specification – Essential Criteria

• Debt financing experience gained primarily through a financial institution or regulatory background, including an understanding of debt products and ratings agency methodologies (Lead criteria).
• Financial or commercial experience, demonstrated by a 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.

Benefits

• Salary: £47,895
• OFGEM contributes £13,875 towards membership of the Civil Service Defined Benefit Pension scheme.
• 30 days annual leave after 2 years
• Excellent training and development opportunities
• Hybrid working (currently 1 day a week in the office, with review)
• Flexible working hours and family‑friendly policies
• Access to clean and bright offices based centrally, engaged networks and teams, and contribution to the Net Zero energy system by 2050

Employment Details

Senior level, full‑time, finance function, utilities industry.

Apply before 11:55 PM on Monday 1st December 2025.