Assistant Manager, Power & Utilities - Regulatory Finance

Job description

The Team

KPMG’s Infrastructure Group in the UK consists of c400 professionals and is widely recognised as one of the world’s leading independent business, financial and regulatory advisers in infrastructure.

We provide in-depth advice on strategic, financial, regulatory and commercial issues driving investments in infrastructure across Transport, Power & Utilities, and Social Infrastructure in the UK and globally. Our work includes market and policy design, economic and regulatory analysis, deal structuring and execution, as well as strategic and transaction advice to enable private and public capital to fund infrastructure. We work closely with other functions within KPMG to advise clients on mergers and acquisitions, valuations, tax, accounting, and due diligence.

The utilities sector is the largest business area for the Infrastructure Group and encompasses work for large clients in the sector, including all of the leading UK energy and water companies as well as some of the largest utilities in Europe and beyond. We provide in-depth strategic and technical advice on corporate finance and corporate financial management, regulatory finance, regulatory policy, business and financial planning, cost assessment and benchmarking as well as other drivers affecting value. Our work combines elements of policy, finance, strategy and economics to assist our clients in structuring investments, securing financing, supporting regulatory regimes and maximising shareholder value. We are widely recognised by many industry stakeholders as market leaders influencing the future of the utilities sector.

Our business is continuously expanding and we are looking for high quality candidates to support our Power & Utilities business with a particular focus on financial and economic analysis, including cost of capital estimation, financeability assessments, risk and scenario analysis, financial modelling, investment appraisal & valuation.

The Role

Developing a good understanding of regulatory finance issues in the regulated sectors e.g. on setting the cost of capital or assessing financeability, as well as how regulatory mechanisms interact with or impact the actual financing of regulated businesses;

Developing market intelligence and sector knowledge;

Contributing to the delivery of specific engagements on a day to day basis;
Supporting pitching for new business with ideas;
Contributing to specific business development initiatives, particularly proposals and pitches;
Contributing to delivery of multiple projects simultaneously;
Specifying, producing and evaluating financial models;
Contributing to the effective planning, delivery and closure of projects; maintaining a good understanding of the regulatory frameworks and financial implications in the water and energy sectors; as well as any other duties commensurate with the role.

The Person

An analytical approach to problem solving and intellectual curiosity;

Be an independent thinker with the ability to identify problems and contribute to the development of solutions, helping us to remain at the cutting edge of innovative thinking in the sector;

Demonstrate strong working knowledge of economic and financial theory and its application;

Provide compelling and well-thought out solutions to complex economic and financial problems, being able to provide persuasive and self-assured responses in a credible manner;
Be skilled in quantitative economic and financial analysis. The ideal candidate have detailed knowledge and experience of financial econometrics and statistics;
A willingness and adaptability to work on a diverse range of projects;
Ideally experience in the utilities sector, water and energy networks sectors in particular, preferably in the industry (either with a company or the regulator) ;

Bring excellent report writing, quantitative analysis (Stata or equivalent), Excel and PowerPoint skills;
Familiarity with Bloomberg, Eikon or other financial databases would be a positive;
At least 3 A levels or equivalent; Undergraduate or higher Graduate Degree in Economics, Finance, Mathematics or similar (candidates with other degrees will be considered depending on their experience)