SSE has big ambitions to be a leading energy company in a low carbon world. Following our commitment to invest £18 billion in low carbon projects to 2027, we have significant growth plans and are well on our way to achieving our ambition to build a world that's more sustainable and inclusive for you, your family, the community you live in and for generations to come.
About the Role
Base Location: Perth/Glasgow
Salary: £51,600 - £77,400 + performance-related bonus + a range of benefits to support your finances, wellbeing and family.
Working Pattern: Permanent | Full Time | Flexible First options available
This role is an exciting and challenging opportunity which plays a key part in driving engagement with cross functional directorate business teams and Operational Directors to create greater awareness and ownership of the financial processes, regulatory funding complexities and outcomes for Distribution. It is very much seen as a key regulatory, financial and strategic role, that will support the Head of Finance – Regulation and Strategy and Finance Director for Distribution with recommendations and solutions to complex problems, whilst building relationships and trust across all business teams.
The successful candidate will be required to work on their own initiative, understand complex issues, and convey this succinctly and clearly to aid decisions on both financial control process issues and medium to long term goals.
The Senior Regulation Finance Manager (Distribution) will be part of our Finance team supporting the Electricity Distribution business. We are at a time of significant growth and transformation both internally and in the external environment we operate. As a natural monopoly, our Distribution business is subject to regulatory oversight by the industry regulator, Ofgem. As such we have a ‘Regulatory Contract’ (referred often to as a Regulatory Licence) in which we are required to comply with a number of obligations and underpins our financial and business performance drivers. On a regular basis we agree with Ofgem our output targets and associated funding, referred to as the Price Control.
We are in our new 5 year price control, RIIO-ED2 (2023-2028), and finance will play a key role in supporting the business in maximising our current settlement and setting financial strategies for future price controls. This role will have a broad and technical remit, covering a range of activities including:
- Primary lead on the annual and regular regulatory reporting including the Ofgem defined Regulatory Reporting Packs (RRPs) working with the wider business.
- Benchmarking analysis and provide key recommendations for senior leadership. Working with external consultants to build knowledge, which informs our strategy and possibly the industry as well.