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The Team

KPMG’s Infrastructure Group in the UK consists of c150 professionals and is widely recognised as one of the world’s leading independent business, financial and regulatory advisers in infrastructure. The group has won many awards, including Financial Advisor of the Year (Infrastructure Journal) for several years. The group has locations in London, Birmingham, Edinburgh, Leeds and Manchester, but is organised on a national basis, operating under a single national cost centre.

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 analysis, including financeability assessments, risk and scenario analysis, financial modelling, investment appraisal & valuation and assessment of required rates of return. This is to support the development of new service lines, particularly in corporate financial management, building on the work already undertaken in the Group.

The Role

- Contributing to the delivery of specific engagements on a day to day basis;
- Supporting pitching for new business with ideas;
- Developing market intelligence and sector knowledge;
- Contributing to specific business development initiatives, particularly proposals and pitches;
- Building and maintaining relationships with clients and target clients and key market constituents to support personal effectiveness and business development opportunities;
- Contributing to delivery of multiple projects simultaneously;
- Specifying, producing and evaluating financial models; developing a good working understanding of economic regulation;
- 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.

Skills, qualifications and experience required

- Degree in Economics, Finance, Mathematics or similarly analytical;
- Familiarity with Bloomberg, Eikon or other financial databases;
- A working knowledge of economic and financial theory, and ability to apply this to regulatory finance;
- Experience in the utilities sector, water and energy networks sectors in particular, preferably in the industry (either with a company or the regulator) or as a consultant specialising in these sectors
- An understanding of current UK economic regulation as well as its application
- Excellent report writing, Excel and Powerpoint skills—strong writing and quantitative skills;
- An analytical approach to problem solving and intellectual curiosity;
- A willingness and adaptability to work on a diverse range of projects

Opening Date: Friday 9th October 2020
Closing Date: Friday 6th November 2020

Competitive salary plus negotiable benefits

Are you looking for an exciting career in a growing team within KPMG? Do you want to work in a lively and energetic environment where you will have the opportunity to advise on some of the biggest structural shifts the energy market has ever seen, with the decarbonisation agenda at its core. If you’d like to apply your skills to solving problems for clients ranging from small tech start-ups to international energy incumbents across the sector, then consider joining us in our growing Energy & Natural Resources (ENR) Deal Strategy practice. Led by Wafa Jafri and Amy Marshall, our team includes experienced utility professionals, bankers, strategists and engineers, to ensure an exemplary output for our clients.

We are offering a unique opportunity to gain experience of the energy sector in a multi-functional team working across a range of policy, strategic, commercial and transactional mandates. In addition to this, you will be aspire to become an energy sector expert who can support other KPMG functions such as M&A, TS, Restructuring and Valuations, so the ability to be collaborative is key.

The successful candidate will work across multiple engagements and functions at any given time, driving the ENR Deal Advisory practice through high quality deliverables.

We require someone who naturally takes on responsibility and accountability for key deliverables within projects. The ideal candidate will be able to provide direction for our Associates and Analysts whilst at the same time demonstrating the mentality to challenge senior members of the team when appropriate to do so.

Key Responsibilities
Managing and delivering on Energy Deal Strategy engagements:
• Taking on Project Management responsibility for the delivery of multiple small to medium size projects or work streams simultaneously.
• Effective management, coaching and mentoring of junior staff on specific engagements.
• Building and maintaining relationships with target clients and key energy market stakeholders.
• Developing market intelligence and sector knowledge.
• Driving proposals for new business opportunities in the Energy sector.
• Ownership of internal KPMG Risk and Finance processes relevant to projects.
• Any other duties commensurate with the role.

The successful candidate will be expected to demonstrate the following:
- Ideally (but not essential) minimum 3-5 years’ experience in the Energy sector
- Strong project management skills and demonstrable ability to deliver high quality work
- Strong written and oral communication skills
- Excellent attention to detail with an ability to deliver high quality presentations and analysis
- Strong quantitative and Excel / modelling skills

The Team

KPMG’s Infrastructure Group in the UK consists of c150 professionals and is widely recognised as one of the world’s leading independent business, financial and regulatory advisers in infrastructure. The group has won many awards, including Financial Advisor of the Year (Infrastructure Journal) for several years. The group has locations in London, Birmingham, Edinburgh, Leeds and Manchester, but is organised on a national basis, operating under a single national cost centre.

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 cost assessment, modelling and benchmarking as well as financial analysis. This is to support the development of new service lines, building on the work already undertaken in the Group.

The Role

- Building relationships with clients and developing wider networks with clients and other advisors
- Running coverage of clients, supporting our reputation as a leading advisor in the utilities sector
- Developing market intelligence and sector knowledge
- Maintaining 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
- Proactive business development to identify new opportunities
- Leading the development of proposals and supporting pitching for new business with ideas
- Managing delivery of several medium to large size engagements on a day to day basis
- Ensuring quality of economic and financial analysis as well as written and verbal advice
- Being responsible for the quality of deliverables produced for clients
- Providing effective management, coaching and mentoring of junior staff on specific engagements
- Managing junior members of the team and as part of the wider business
- Developing the team, inspiring and empowering team members
- Ensuring compliance procedures are adhered to
- Recognising and addressing potential risks
- Any other duties commensurate with the role

The Person

- Have significant experience in the 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 a 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
- Demonstrate strong 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 leading 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 a sound knowledge of finances and financial structures of regulated utilities (we will consider candidates with deep expertise in financial analysis even if they do not have econometrics experience)
- 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
- Bring excellent report writing, quantitative analysis (Stata or equivalent), Excel and Powerpoint skills
- Be comfortable and experienced in an external facing role and in presenting to clients
- 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
- Relish the opportunity for interaction and dialogue with companies, investors, regulators and other stakeholders, and with a host of functions across KPMG
- Have experience of managing medium size project teams, with a focus on mentoring and coaching junior staff (with or without a finance background)
- Be a proven team player who can demonstrate a clear desire to manage teams, who can gain the trust and support of internal colleagues
- Demonstrable credentials of leading the delivery activities on major consulting projects
- Be highly motivated and ambitious, willing to take advantages of the opportunities this position offers
- Understand the wider UK utilities sector, its structure, composition, stakeholders and relevant policy debates
- Language skills and experience in other markets outside the UK 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.

At KPMG, our values define who we are and the way we do business. As a leading professional services firm, we know that our strength and capability come from our people – their different perspectives, experiences and backgrounds. From our inclusive leadership strategy to our diversity and inclusion targets – we’re making bold changes to who we are and what we do. Be part of it.

The Team

Our Corporate Treasury Services team is focused on serving the world's leading Corporate Treasuries with their most complex business challenges, and is currently experiencing an exceptional rate of growth. The team offer deep treasury expertise in financial products and markets, risk management, systems, governance, valuation and accounting, and work closely with other high impact functions within KPMG such as Audit, Risk Consulting and Management Consulting to provide a wide range of treasury advisory and audit services, including:

- Undertaking reviews and implementations of Treasury strategies, policies, target operating models, cash management processes, and technology and systems
- Risk management assessments including foreign exchange, interest rate, credit and commodities
- Providing specialist support to external audit teams, including derivative valuations, hedge accounting, and financial instrument classifications
- Internal audits on treasury functions ranging from FTSE100 to Housing Associations and Charities, including benchmarking
- Technical support on accounting and regulatory change projects such as IFRS 9 Financial Instruments, new UK GAAP, EMIR and Basel III


Role and Responsibilities

- Assist with delivering Treasury advisory and audit projects ranging from strategy reviews, target operating models, and audit support, including providing input to larger, multi-disciplinary teams
- Assist senior management in providing clients with advice on technical treasury and accounting issues
- Assist in the preparation of presentations, thought leadership collateral and marketing material
- Support the business development of KPMG’s IFRS 9 client proposition/offering, and assisting in the responses to IFRS 9 client proposals, with a primary focus on Corporates

There will also be opportunities to be involved in other accounting areas, as well as regulatory areas, e.g. EMIR, Basel.


Qualifications and Skills

- Must possess professional qualification - ACA, ACCA or CPA. Individuals on track to be exam and time qualified this year may also be considered
- Sound technical knowledge of IAS 39 and IFRS 9 standards, and their practical application
- Strong analytical skills and ability to complete client deliverables/solutions
- Very good project management skills, demonstrated by a record of project delivery
- Excellent communication skills, including delivering presentations and communicating well with clients in writing and verbally, as well as advising and building relationships with senior client personnel
- Enthusiasm and energy to contribute to the team and help it grow


Experience and Background

- Prior work experience in a Corporate Treasury function with good technical knowledge of financial instruments, risk management, treasury strategies, systems, governance and controls
- Strong knowledge of accounting for financial instruments under IFRS, UK GAAP or US GAAP
- Experience with evaluating technical issues, analysing facts, consulting and delivering solutions to clients
- Understanding of accounting developments and key current issues facing clients
- Proven ability to identify and pursue business opportunities whilst maintaining a solution mindset, as well as drive and resilience to deliver in a pressured environment
- Proven track record in working with teams to bring high quality deliverables to a range of stakeholders

At KPMG, our values define who we are and the way we do business. As a leading professional services firm, we know that our strength and capability come from our people – their different perspectives, experiences and backgrounds. From our inclusive leadership strategy to our diversity and inclusion targets – we’re making bold changes to who we are and what we do. Be part of it.

The Team

Our Corporate Treasury Services team is focused on serving the world's leading Corporate Treasuries with their most complex business challenges, and is currently experiencing an exceptional rate of growth. The team offer deep treasury expertise in financial products and markets, risk management, systems, governance, valuation and accounting, and work closely with other high impact functions within KPMG such as Audit, Risk Consulting and Management Consulting to provide a wide range of treasury advisory and audit services, including:

- Undertaking reviews and implementations of Treasury strategies, policies, target operating models, cash management processes, and technology and systems
- Risk management assessments including foreign exchange, interest rate, credit and commodities
- Providing specialist support to external audit teams, including derivative valuations, hedge accounting, and financial instrument classifications
- Internal audits on treasury functions ranging from FTSE100 to Housing Associations and Charities, including benchmarking
- Technical support on accounting and regulatory change projects such as IFRS 9 Financial Instruments, new UK GAAP, EMIR and Basel III


Role and Responsibilities

- Assist with delivering Treasury advisory and audit projects ranging from strategy reviews, target operating models, and audit support, including providing input to larger, multi-disciplinary teams
- Assist senior management in providing clients with advice on technical treasury and accounting issues
- Assist in the preparation of presentations, thought leadership collateral and marketing material
- Support the business development of KPMG’s IFRS 9 client proposition/offering, and assisting in the responses to IFRS 9 client proposals, with a primary focus on Corporates

There will also be opportunities to be involved in other accounting areas, as well as regulatory areas, e.g. EMIR, Basel.


Qualifications and Skills

- Must possess professional qualification - ACA, ACCA or CPA. Individuals on track to be exam and time qualified this year may also be considered
- Sound technical knowledge of IAS 39 and IFRS 9 standards, and their practical application
- Strong analytical skills and ability to complete client deliverables/solutions
- Very good project management skills, demonstrated by a record of project delivery
- Excellent communication skills, including delivering presentations and communicating well with clients in writing and verbally, as well as advising and building relationships with senior client personnel
- Enthusiasm and energy to contribute to the team and help it grow


Experience and Background

- Prior work experience in a Corporate Treasury function with good technical knowledge of financial instruments, risk management, treasury strategies, systems, governance and controls
- Strong knowledge of accounting for financial instruments under IFRS, UK GAAP or US GAAP
- Experience with evaluating technical issues, analysing facts, consulting and delivering solutions to clients
- Understanding of accounting developments and key current issues facing clients
- Proven ability to identify and pursue business opportunities whilst maintaining a solution mindset, as well as drive and resilience to deliver in a pressured environment
- Proven track record in working with teams to bring high quality deliverables to a range of stakeholders