Regulatory Accounting Analyst

National Gas; Warwick; Hybrid; GBP 50,000 - 60,000; Full time

Benefits offered by this job

Pension (double-match)

Annual performance bonus

26 days holiday

Life assurance

Salary sacrifice benefits

Wellbeing support

Job summary

National Gas in Warwick offers a hybrid role as Regulatory Accounting Analyst. You will work under the Head of Regulatory Finance in a team of four within the wider finance function.

The role focuses on regulatory submissions to Ofgem, maintaining the Price Control Financial Model, and ensuring license-compliant revenue calculations. You will influence forecasting policy, support regulatory performance reporting, and share RIIO knowledge across Finance and the business.

Qualifications

• Fully-qualified Accountant (ACA/CIMA/ACCA) or near completion.
• Ability to turn complex financial data into clear, actionable insight.

Responsibilities

• Engage with Ofgem on RIIO contracts and ensure compliance of revenue standards.
• Maintain the Price Control Financial Model and ensure accurate revenue calculations.
• Develop forecasting policy and integrate with Regulatory Reporting processes.
• Support Regulatory Financial Performance Reporting and narrative.
• Share RIIO knowledge across Finance and the business.
• Collaborate with the National Gas Transmission charge setting team for billing analysis.

Education

ACA/CIMA/ACCA

Job description

£50- £60,000 dependant on experience + excellent package

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 by maintaining the critical infrastructure that transports gas across Great Britain. While providing the energy security Britain relies on today, we're also 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.

Essential:

• 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 understanding of 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're building 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.