Assistant Manager - Power & Utilities Regulatory Finance

Job description

The Team
KPMG’s Infrastructure Group in the UK consists of c200 professionals and is widely recognised as one of the world’s leading independent financial and business advisers in infrastructure.

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

The utilities sector is a key business area for the Infrastructure Group and encompasses work for the large clients in the sector including all of the leading UK energy and water companies. We provide in depth strategic and technical advice on corporate finance issues, corporate financial management; regulatory finance, regulatory policy, business, and financial planning, as well as other issues affecting value. We are widely recognised by many industry stakeholders as one of the most innovative advisers influencing the future of the sector. 

Our business is continuously expanding, and we are looking for high quality candidates to support our Power & Utilities business.
 

The Role

• You would be joining the leading provider of regulatory finance consultancy services in the regulated utilities sector.
• While you will have specific responsibilities for contributing towards the delivery and growth of the team’s regulatory finance business, there will also be opportunities to work on projects related to corporate financial management, capital structuring and ratings advisory business in utilities.
• You will work on the delivery of several engagements on a day-to-day basis and ensure that the deliverables produced and advice provided (written or verbal) are of high quality.
• You will proactively contribute to business development, including preparation for proposals and pitches as well as identification of new opportunities
• You will build relationships with key clients across the sector, as well as with other advisers.
• The projects that you will advise on will be varied. These could include advising on financing strategy, financial modelling, financeability, risk analysis, cost of capital, major transactions and much more.
• There is no ‘typical project’. You will need to apply a structured strategic approach to problem solving, drawing on established economic and corporate finance principles, while having the capacity to think creatively.
• You will contribute to the development of developing market intelligence and sector knowledge. You will maintain a good technical understanding of the regulated sectors, including components of the regulated revenue, regulated asset base, cost of capital, financeability, as well as how regulatory mechanisms impact the actual financing of regulated businesses, their cash flows, financial profiles, value creation and capital structures.

The Person

• Have at least 2-3 years of experience in the regulated utilities sector as a regulatory policy maker (gained at a regulatory office or industry) or as a consultant specialising in regulatory or corporate finance.
• Educated to a degree level in a quantitative field such as Finance, Economics, Mathematics or similar will be preferred, although candidates with highly relevant, equivalent experience, will also be considered.
• Have detailed knowledge of the current UK regulatory regimes and regulatory finance mechanics for utilities, their application and impact on notional and actual capital structures and business performance.
• Understand the wider UK utilities sector, its structure, composition, stakeholders and relevant policy debates
• Demonstrate good working knowledge of economic and financial theory and its application, preferably with experience in applying corporate finance concepts in the regulated networks space. 
• Be highly skilled in quantitative economic and financial analysis. The ideal candidate will have experience working on / managing projects with extensive financial modelling elements, and /or have detailed knowledge and experience of financial econometrics and statistics, ideally applied in the utilities sectors
• Have good problem-solving skills i.e. being able to provide compelling and well thought-out solutions to complex economic and financial problems and being able to provide persuasive and self-assured responses in a credible manner
• Bring excellent report writing, quantitative analysis (Stata or equivalent), Excel and PowerPoint skills 
• 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. 
• Be highly motivated and ambitious, willing to take advantages of the opportunities this position offers
• Be a proven team player who can gain the trust and support of internal colleagues.
• Language skills and experience in other markets and jurisdictions are a bonus
• 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)
• All UK staff who have not passed a Financial Services Authority (FSA) approved exam will be required to do so.