Regulatory Accounting Analyst

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

Benefits offered by this job

Salary 50-60k

Pension scheme

Annual bonus

Holiday allowance

Job summary

National Gas Transmission PLC in Warwick invites applications for a Regulatory Accounting Analyst in a specialist finance team. You will report to the Head of Regulatory Finance and manage Ofgem submissions, maintain the Price Control Financial Model, and ensure revenue is calculated in line with licence requirements.

The role requires a fully qualified accountant and strong data-to-insight skills, with experience in regulatory finance and RIIO.

Qualifications

• Qualified accountant with ACA/CIMA/ACCA or nearing completion.
• Ability to translate complex financial data into clear insights for technical and non-technical audiences.
• Strong commercial acumen and confidence to challenge and influence decisions.
• Understanding of the RIIO framework is desirable.

Responsibilities

• Engage with Ofgem to ensure RIIO contracts and licence requirements are enacted.
• Submit annual revenue forecasts via the Price Control Financial Model and manage risks.
• Forecast policy development and integrate it with Regulatory Reporting procedures.
• Contribute to Regulatory Financial Performance Reporting and Return on Regulated Equity calculations.
• Transfer knowledge of RIIO contracts across Finance and the business.
• Liaise with the charge setting team to provide information and bill analysis.

Skills

Stakeholder management

Data analysis

Regulatory finance

RIIO framework

Financial modelling

Compliance awareness

Education

ACA/CIMA/ACCA qualification

Tools

Ofgem regulatory tools

Price Control Financial Model

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.