Finance + Modelling Analyst

Iberdrola Renewables; Glasgow; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading renewable energy company is seeking a Finance & Modelling Analyst in Glasgow. The role involves financial modelling and regulatory support for price control processes. Ideal candidates have strong Excel skills and understanding of the UK Energy Networks regulatory environment. Benefits include competitive salary, flexible working, and extensive leave options.

Benefits

36 days annual leave

Healthcare benefit options

Electric Vehicle Schemes

Qualifications

• Understanding of Ofgem's price control mechanisms (e.g., RIIO-ED2, ED3).
• Ability to translate technical financial data into clear narratives.
• Experience preparing financial reports for regulators (e.g., Ofgem, FCA).

Responsibilities

• Support preparation of price control financial dossier.
• Assist in the maintenance of a statutory model of company finances.
• Engage with stakeholders providing regulatory financial insight.
• Support drafting responses to regulator publications and consultations.

Skills

Knowledge of UK Energy Networks Regulatory Environment

Proficiency in Excel

Strong quantitative skills

Experience in utilities

Job description

Job Title: Finance & Modelling Analyst

Location: Glasgow

Salary: from £44,000 + Benefits

Flexible Working Pattern

Help us create a better future, quicker

The position of Regulatory Finance Analyst is based within the Network Planning & Regulation Directorate, working within the ED3 project team, the role will involve working within a multi-disciplinary team of professionals responsible for the negotiation of all financial related price control parameters in the build-up to the beginning of the new regulatory period.

The role will primarily support the Regulatory Finance lead in creation and ongoing operation of all financial related modelling with a particular focus on statutory financial statements while ensuring all outputs are delivered to a high and accurate standard to underpin SPEN’s RIIO-ED3 price control submissions and subsequent internal approvals.

What you’ll be doing

• Support the preparation of a price control financial dossier and investment approval by assisting the Regulatory Finance lead in providing financial forecasts at various stage gates of the project.
• Assist in the maintenance and development of a statutory model of company finances to facilitate ED3 early scenario modelling and financeability assessment enabling stress testing for our price control business plan.
• Engage with key stakeholders involved in the price control planning process providing regulatory financial insight where required and support the presentation of complex financial/regulatory data to a range of stakeholders throughout the organisation ensuring content is easily understood.
• Support the drafting of responses to Ofgem publications, consultations, industry reports and stakeholder questions ensuring all content is completed to a high degree of accuracy within timescales.
• Assist the Licence and Revenue team with any business-as-usual modelling, reporting or analysis where required, such as Regulatory Financial Performance Reporting (RFPR), annual iteration process, annual pricing process, RRP revenue returns or internal reporting requirements.
• Prepare and lead where appropriate in any ad hoc financial modelling, reporting or analysis to support the price control process, licence and revenue team or wider NP&R department.
• Observe commitments and meet deadlines concerning departmental governance.
• Follow all assurance procedures to ensure all submissions and are fully reviewed for accuracy and completeness.

What you’ll bring

• Knowledge of UK Energy Networks Regulatory Environment and understanding of Ofgem’s price control mechanisms (e.g., RIIO-ED2, ED3).
• Proficiency in Excel, ideally including data & financial modelling, ability to build scenario models, sensitivity analysis, and long-term forecasts.
• Ability to turn data into information and communicate in an effective way such as translating technical financial data into clear narratives for non-financial stakeholders.
• Strong quantitative skills to interpret complex data sets.
• Precision in data validation, reconciliation, and reporting ensuring accuracy in submissions to regulators.
• Experience in utilities, infrastructure, or regulated industries is highly valued including prior experience preparing financial reports for regulators (e.g., Ofgem, FCA).

What’s in it for you

As well as a competitive salary which is reviewed annually, you can also enjoy a number of other benefits.

• 36 days annual leave
• Holiday Purchase – perfect your work/life balance with extra annual leave
• Share Schemes
• Payroll Giving and Charity Matched Funding
• Technology Vouchers – save more and spread the cost of your technology purchases
• Electric Vehicle Schemes – to help you transition to green/clean driving
• Cycle to Work scheme and Public Transport Season Ticket Loans
• Healthcare benefit options including: Dental Insurance, Private Medical Insurance, Health Cash Plan and annual Health Assessments
• Life Assurance (4x salary)
• Access to Savesmart financial wellbeing support
• Plus shopping, leisure, restaurant and gym discounts, and unique employee deals on travel insurance and more

Why SP Energy Networks

SP Energy Networks is part of the Iberdrola Group, one of the world’s largest integrated utility companies and a world leader in wind energy.

We keep electricity flowing to homes and businesses through Central and Southern Scotland, North Wales and in the North West of England.

We operate over 4000km of cables and lines that make-up the transmission network – connecting infrastructure like wind farms into the electricity system.

We’re investing >£5.5 billion into our transmission network, directly supporting the rapid growth needed in renewable energy.

We are committed to providing reasonable support or adjustments in our recruiting processes for candidates with disabilities, long term conditions, mental health conditions, or who are neurodivergent or require related support.