Assistant Manager - Power & Utilities - Finance WACC

KPMG United Kingdom; City Of London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading consulting firm in the UK is seeking an Assistant Manager in Power and Utilities Finance. This role involves developing regulatory finance solutions, implementing WACC and CAPM analysis, and contributing to various projects. Ideal candidates possess strong analytical skills and a background in economics or finance. The firm offers flexibility in work arrangements in London.

Benefits

Flexible working hours

Part-time options

Qualifications

• Strong working knowledge of economic and financial theory.
• Practical experience in WACC and CAPM analysis.
• Ability to think independently and develop innovative solutions.

Responsibilities

• Develop a good understanding of regulatory finance issues.
• Own the implementation of WACC and CAPM analysis.
• Contribute to delivery of multiple projects simultaneously.

Skills

Economic and financial theory

Quantitative economic analysis

WACC and CAPM analysis

Corporate finance understanding

Analytical skills

Strong communication skills

Proficiency in quantitative tools

Excel and PowerPoint skills

Education

Undergraduate or higher Graduate Degree in Economics, Finance, Mathematics or similar

At least 3 A levels or equivalent

Tools

Stata

R

Bloomberg

LSEG Workspace

Capital IQ

Job description

Overview

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Assistant Manager - Power and Utilities Finance WACC

Base Location: London CSQ. Our other offices nationally are listed below.

Our Infrastructure Group in the UK consists of around 400 professionals and is widely recognised as one of the world’s leading independent advisers in infrastructure. We provide in-depth advice on strategic, financial, regulatory and commercial issues driving investments in infrastructure across Transport, Power & Utilities, and Social Infrastructure in the UK and globally. Our work includes market and policy design, economic and regulatory analysis, deal structuring and execution, and strategic and transaction advice to enable private and public capital to fund infrastructure. We work closely with other functions within KPMG to advise clients on mergers and acquisitions, valuations, tax, accounting, and due diligence.

Roles & Responsibilities

• Developing a good understanding of regulatory finance issues in the regulated sectors e.g. on setting the cost of capital or assessing financeability, as well as how regulatory mechanisms interact with or impact the actual financing of regulated businesses
• Developing market intelligence and sector knowledge
• Own the implementation of WACC and CAPM analysis, including the development, calibration, and maintenance of financial models to assess the cost of equity, cost of debt, and overall WACC within the framework of regulatory guidelines
• Contributing to the delivery of specific engagements on a day to day basis
• Supporting pitching for new business with ideas
• Contributing to specific business development initiatives, particularly proposals and pitches; Contributing to delivery of multiple projects simultaneously
• Specifying, producing and evaluating financial models
• Contributing to the effective planning, delivery and closure of projects; maintaining a good understanding of the regulatory frameworks and financial implications in the water and energy sectors; as well as any other duties commensurate with the role

What you will need to do it

• Strong working knowledge of economic and financial theory and its real-world application
• Skilled in quantitative economic and financial analysis, with hands-on experience in financial econometrics and statistics
• Practical experience applying WACC and CAPM analysis, ideally in regulatory or infrastructure contexts such as water, energy, or transport
• Solid understanding of corporate finance, for example risk-return trade-offs, capital structure, asset pricing, and beta estimation
• Familiarity with credit spreads, yield curve analysis, and the characteristics of index-linked versus nominal debt structures
• Awareness of how credit ratings, interest rate movements, and broader debt market conditions influence the WACC
• Strong analytical skills, coupled with intellectual curiosity and a proactive approach to solving complex problems
• Ability to think independently, identify challenges, and develop innovative, well-evidenced solutions
• Capable of providing compelling and well-reasoned answers to complex economic and financial questions, articulating ideas clearly and confidently
• Skilled at translating complex financial analysis into clear, concise messages for non-technical audiences, including regulators and clients
• Flexible and adaptable, with the ability to work across a diverse range of projects and sectors, often under time pressure and with varying client needs
• Proficiency in quantitative tools such as Stata or R
• Strong Excel and PowerPoint skills, including building and presenting financial models and analysis
• Strong written communication skills, with the ability to produce clear, concise, and well-structured reports
• Familiarity with Bloomberg, LSEG Workspace, Capital IQ

Ideally experience in the utilities sector, water and energy networks sectors in particular, preferably in the industry (either with a company or the regulator)

At least 3 A levels or equivalent; Undergraduate or higher Graduate Degree in Economics, Finance, Mathematics or similar (candidates with other degrees will be considered depending on their experience).

Our Locations

We are open to talk to professionals across the country but our core hubs for this role are:

London Canary Wharf

With 20 sites across the UK, we can potentially facilitate office work, working from home, flexible hours, and part-time options. If you have a need for flexibility, please register and discuss this with our team.

Find out more

Within Infrastructure Advisory Group we have a range of divisions and specialisms. The following provide more detail about the team and the firm:

• Infrastructure Advisory Group at KPMG: Infrastructure advisory group - KPMG UK
• About our firm: www.kpmgcareers.co.uk/people-culture/about-our-firm/
• KPMG Culture. Being Inclusive: www.kpmgcareers.co.uk/people-culture/being-inclusive/
• KPMG Workability and Disability confidence: www.kpmgcareers.co.uk/experienced-professional/applying-to-kpmg/need-sup

For any additional support in applying, please see the following resources:

• Applying to KPMG: www.kpmgcareers.co.uk/experienced-professional/applying-to-kpmg/
• Tips for interview: www.kpmgcareers.co.uk/experienced-professional/applying-to-kpmg/applicant
• KPMG values: www.kpmgcareers.co.uk/experienced-professional/applying-to-kpmg/our-values/
• KPMG Competencies: www.kpmgcareers.co.uk/experienced-professional/applying-to-kpmg/kpmg-competencies
• KPMG Locations and FAQ: www.kpmgcareers.co.uk/faq/?category=Experienced+professionals