Regulatory Accounting Analyst

National Gas Transmission PLC; United Kingdom; Hybrid; GBP 50,000 - 60,000; Full time

Benefits offered by this job

Market-leading pension

Annual performance bonus

26 days holiday, plus 8 holidays

Life assurance (10x salary)

Private healthcare

Salary sacrifice benefits

Professional development opportunities

Job summary

National Gas Transmission PLC in Warwick, with flexible, hybrid working, is seeking a Regulatory Accounting Analyst to ensure accurate data submitted to Ofgem and to maintain the Price Control Financial Model. Reporting to the Head of Regulatory Finance, you will turn complex financial data into clear insight for senior stakeholders and support revenue forecasting and regulatory reporting.

You will also contribute to regulatory performance reporting and ensure compliance with RIIO framework

Qualifications

• Fully-qualified ACA/CIMA/ACCA accountant; ability to turn complex financial data into insight.
• Experience with large, complex datasets to drive insight-led decisions.
• Regulatory finance experience, ideally within Energy or Utilities.
• Understanding of the RIIO framework is desirable.

Responsibilities

• Engage with Ofgem to ensure financial aspects of RIIO contracts are correctly enacted, including licence, Price Control Financial Model, Financial Handbook, Annual Iteration Process, tax allowances and cost of capital.
• Annual submission of revenue forecast via Ofgem’s Price Control Financial Model, ensuring regulatory compliance and optimising revenue.
• Develop forecasting policy for inputs to revenue forecasting and integrate with Regulatory Reporting Process.
• Complete Regulatory Financial Performance Reporting to support Ofgem's view and calculate Return on Regulated Equity.
• Transfer knowledge of RIIO contract and regulatory requirements across Finance and the business.
• Liaise with the National Gas Transmission charge setting team to provide information for charge setting and consumer bill analysis.

Skills

Stakeholder management

Data analysis

Regulatory finance

RIIO framework

Education

ACCA/ACA/CIMA qualified

Job description

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Warwick, with flexible, hybrid working

At National Gas, the work we do matters.

As Britain's national gas network, we help keep the lights on, businesses running, and homes warm bymaintainingthe critical infrastructure that transports gas across Great Britain. While providing the energy security Britain relies on today,we'realso helping transform the network for a clean energy future.

Join us and help secure Britain's energy.

About the role:

Reporting to the Head of Regulatory Finance and in a specialist team of four (wider finance team c170), the Regulatory Accounting Analyst (or Regulatory Partnering Specialist) plays a critical role in ensuring that all data submitted to our regulator, Ofgem, is accurate, complete, and delivered within required timescales. Following submission, they are responsible for maintaining the Price Control Financial Model and ensuring that the calculation of allowed revenue is accurate and fully aligned with licence requirements.

What you'll be doing:

• Engagement with Ofgem to ensure all financial aspects of the RIIO (Revenue = Incentives + Innovation + Outputs) contracts are correctly enacted, including the RIIO-3 licence, Price Control Financial Model, Financial Handbook, Annual Iteration Process, tax allowances and the cost of capital.
• Annual submission of revenue forecast (through Ofgem’s Price Control Financial Model) actively ensuring regulatory compliance, optimises claimed revenue and identifies and manages financial and compliance risks.
• Support the development of forecasting policy for inputs to the revenue forecasting process and integration of the policy with the Regulatory Reporting Process ensuring that the interactions between internal and external forecasting processes and policies are understood by stakeholders.
• Work with colleagues on the completion of the Regulatory Financial Performance Reporting Process which informs Ofgem’s view of our regulatory performance and calculates Return on Regulated Equity, actively ensuring regulatory compliance / strong assurance and understanding of our performance for inclusion in the supporting narrative.
• Responsible for establishing and transferring appropriate knowledge of the RIIO contract and regulatory requirements across Finance and the business to support the business in making value adding decisions.
• Liaising with the National Gas Transmission (NGT) charge setting team to deliver appropriate information for charge setting purposes and delivering consumer bill analysis required under the Responsible Business Charter.

About you:

This position requires a fully-qualified Accountant (or near to completion!) – ACA/ CIMA/ ACCA. You’ll be skilled at turning complex financial data into clear, actionable insight for both technical and non-technical audiences, with strong commercial acumen, and confidence to challenge, influence and support decision-making.

• Excellent stakeholder management skills, with the credibility to operate at senior levels.
• Experience working with large, complex datasets to drive insight-led decisions.
• Proven regulatory finance experience, ideally within Energy or Utilities.
• To have an understand the RIIO framework is desirable.

What we can offer you:

• Salary £50-£60,000 (dependant on experience)
• Market-leading double-match pension (for every £1 you add, we add £2)
• Annual performance bonus
• 26 days holiday (plus 8 statutory holidays) and option to buy 5 additional days
• 10x salary life assurance and income protection
• Flexible opt-in salary sacrifice benefits including private healthcare, car, dental, and technology schemes
• Family-friendly policies, wellbeing support, and professional development opportunities.

Inclusive recruitment:

We'rebuilding a workforce that reflects the communities we serve, championing diversity, and creating an inclusive workplace where everyone is valued for their unique contribution. We support reasonable adjustments throughout the recruitment process and beyond.

National Gas is a Disability Confident employer and signatory of the Armed Forces Covenant.