Assistant Manager - Power & Utilities - Finance WACC

Job description

Assistant Manager - Power and Utilities Finance WACC

Base Location: Our base location consists of London CSQ. Our other offices nationally are:

www.kpmg88careers.co.uk/experienced-professional/#LeBlender.OfficeLocations

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 Infrastructure Advisory Team

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.

Roles & Responsibilities

• 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;
• Own the implementation of WACC and CAPM analysis, including the development, calibration, and maintenance of financial models to assess the cost of equity, cost of debt, and overall WACC within the framework of regulatory guidelines.
• 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.

What will you need to do it?

• Strong working knowledge of economic and financial theory and its real-world application;
• Skilled in quantitative economic and financial analysis, with hands-on experience in financial econometrics and statistics;
• Practical experience applying WACC and CAPM analysis, ideally in regulatory or infrastructure contexts such as water, energy, or transport;
• Solid understanding of corporate finance, for example risk–return trade-offs, capital structure, asset pricing, and beta estimation;
• Familiarity with credit spreads, yield curve analysis, and the characteristics of index-linked versus nominal debt structures;
• Awareness of how credit ratings, interest rate movements, and broader debt market conditions influence the WACC.
• Strong analytical skills, coupled with intellectual curiosity and a proactive approach to solving complex problems;
• Ability to think independently, identify challenges, and develop innovative, well-evidenced solutions;
• Capable of providing compelling and well-reasoned answers to complex economic and financial questions, articulating ideas clearly and confidently;
• Skilled at translating complex financial analysis into clear, concise messages for non-technical audiences, including regulators and clients;
• Flexible and adaptable, with the ability to work across a diverse range of projects and sectors, often under time pressure and with varying client needs.
• Proficiency in quantitative tools such as Stata or R;
• Strong Excel and PowerPoint skills, including building and presenting financial models and analysis;
• Strong written communication skills, with the ability to produce clear, concise, and well-structured reports;
• Familiarity with Bloomberg, LSEG Workspace, Capital IQ.

Ideally experience in the utilities sector, water and energy networks sectors in particular, preferably in the industry (either with a company or the regulator);

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).

Our Locations:

We are open to talk to professionals across the country but our core hubs for this role are:

London Canary Wharf

With 20 sites across the UK, we can potentially facilitate office work, working from home, flexible hours, and part-time options. If you have a need for flexibility, please register and discuss this with our team.

Find out more:

Within Infrastructure Advisory Group we have a range of divisions and specialisms. Click the links to find out more below:

• Infrastructure Advisory Group at KPMG: Infrastructure advisory group - KPMG UK
• About our firm: www.kpmgcareers.co.uk/people-culture/about-our-firm/
• KPMG Culture. Being Inclusive: www.kpmgcareers.co.uk/people-culture/being-inclusive/
• KPMG Workability and Disability confidence: www.kpmgcareers.co.uk/experienced-professional/applying-to-kpmg/need-support-let-us-know/

For any additional support in applying, please click the links to find out more:

• Applying to KPMG: www.kpmgcareers.co.uk/experienced-professional/applying-to-kpmg/
• Tips for interview: www.kpmgcareers.co.uk/experienced-professional/applying-to-kpmg/application-advice/
• KPMG values: www.kpmgcareers.co.uk/experienced-professional/applying-to-kpmg/our-values/ KPMG Competencies: www.kpmgcareers.co.uk/experienced-professional/applying-to-kpmg/kpmg-competencies/
• KPMG Locations and FAQ: www.kpmgcareers.co.uk/faq/?category=Experienced+professionals