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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

- 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 cost and 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.




The Person

- An analytical approach to problem solving and intellectual curiosity;
- A working knowledge of economic and financial theory;
- A willingness and adaptability to work on a diverse range of projects
- Excellent report writing, Stata (or equivalent), Excel and PowerPoint skills—strong writing and quantitative skills are a must;
- 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;
- Familiarity with Bloomberg, Eikon or other financial databases would also be a positive.
- Degree in Economics, Finance, Mathematics or similarly analytical

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 other advisors
- Supporting coverage of clients and our reputation as a leading advisor in the utilities sector
- Developing market intelligence and sector knowledge
- Maintaining a good understanding of the regulatory frameworks and their financial implications
- Being involved in business development to identify new opportunities
- Contributing to specific business development initiatives, particularly proposals and pitches
- Managing delivery of several small and medium size engagements on a day to day basis
- Ensuring quality of economic and financial analysis as well as written and verbal advice
- Taking responsibility for the quality of deliverables produced for clients
- Providing effective management, coaching and mentoring of junior staff on specific engagements
- Ensuring compliance procedures are adhered to
- Recognising and addressing potential risks
- Any other duties commensurate with the role


The Person


- Have several years of experience in the utilities sector, in the industry, as a regulatory, policy maker or as a consultant specialising in these sectors
- Have a detailed knowledge of the current UK regulatory regimes and regulatory mechanics for utilities as well as their application
- Understand operations of the wider utilities sector, its structure, composition, stakeholders and relevant policy debates
- Be skilled in quantitative economic analysis, cost assessment in particular, have detailed working knowledge and experience of statistics and econometrics, ideally applied in the utilities sectors
- Have a sound knowledge of finances and financial structures of regulated utilities (we will consider candidates with expertise in financial analysis even if they do not have econometrics or cost assessment experience, or vice versa)
- Demonstrate good working knowledge of economic and financial theory and its application
- Propose compelling and well-thought out solutions to complex economic, statistical and/or 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 as well as familiarity with Bloomberg, Eikon or other financial databases
- 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 small teams; 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
- Language skills and experience in other markets and jurisdictions are a bonus


Qualifications


- 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.

Job Description:

KPMG is one of the leading Audit and Assurance practices in the UK whose success and reputation depends upon the quality and integrity of our services, and our people. As a member of our team you will benefit from relevant training and education to keep you up to speed with current changes in this specialist area of our practice.

Our Securitisation team is made up of client facing staff delivering a range of engagements across a broad spectrum of clients. These clients include investment banks, who arrange securitisation transactions, and the clients who undertake them, including: national and ‘challenger’ banks; foreign banks; building societies; leasing and other lending companies. As a manager, you will be expected to manage a rolling portfolio of engagements from planning through to completion. Your role will include executive level client interaction and provide you with the exposure to multiple clients on a regular basis. Our current activity levels support the growth and expansion of the existing team.

As part of a high performing team you will be offered extensive professional development and support. You will be allocated a senior member of staff to assist with your career development and performance management to help you in meeting your professional goals.

The Role:

Project management and oversight of all work streams* that KPMG provides to clients undertaking securitisations and other similar transactions:

* The main work streams involved in typical securitisation transactions, which the manager would be responsible for are

• Supporting the senior team in proposal preparation and responses to tender requests, and conference attendance
• Oversight of loan/asset file due diligence (mainly residential mortgages, commercial loans, auto loans, personal loans or credit cards), managing delivery via the in-charge
• Oversight of Excel modelling work to enable checking of stratification tables and weighted average lives calculations produced by clients, managing delivery via the in-charge
• Oversight of the in-charge checking that such data (and other financial or market data information) is correctly extracted and set out in the offering circular/prospectus
• Managing the performance checks of asset and portfolio eligibility criteria and credit events
• Working with audit teams to check the accuracy of financial information included in corporate bond documentation
• Monitoring engagement financial performance, identifying potential overruns and raising invoices

The ‘practicalities’ of the job:

Client behaviours/work profile – the work load and timing of assignments is unpredictable and volatile – we are frequently advised of transactions with little notice and often have to accommodate several changes to our work plans and schedules for when specific work activities are to be carried out. Managers do have to be flexible and adaptable to meet client requirements – but also where possible be firm with clients to try and reach realistic and reasonable deadlines

Staffing/support resources – to supplement our dedicated securitisation assistants, additional junior resource is often drawn from audit and other departments to support the in-charge and manager on teams, who may have little previous experience or knowledge of the work. However, the securitisation work in itself can be performed successfully if appropriate instruction and coaching is provided. Managers will be expected to coach and develop in-charges and new securitisation assistants as part of our growth plans.

Locations/logistics – the client sites where assignments are undertaken are spread around the country – with concentrations of work regularly required in the South West, Greater London, Yorkshire, North East, Scotland and the Midlands. Covering transactions across the EU and Middle East, we work in liaison with our local offices. Managers will be expected to visit client sites during engagements, whilst fieldwork is controlled on a day-to-day basis by the in-charge.

Qualifications and Skills:

The ideal candidate will meet the following criteria

• Professionally qualified with a recognised accountancy body, ACA, ACCA, CIMA or CPA or a similar qualification. We are prepared to consider candidates without such qualifications if their other skills merit this.
• Whilst exposure to Financial Services audits is preferred, this is not a requirement.
• You are required to possess well developed leadership and supervisory skills and have the ability to effectively communicate with a wide range of individuals both internally and externally.
• Drive and resilience and ability to thrive in a pressured environment.
• Strong project management techniques including decision-making ability, analytical skills, time management, organisation and evaluative skills
• Capable of working under the pressure of multiple deadlines and competing priorities across various projects concurrently.
• IT literacy with sound knowledge and experience of Excel and Word
• Managers should be able to delegate tasks to junior team members whilst maintaining oversight of key issues and findings,

The team:


The Data & Analytics Team (or Strategic Profitability Insights, SPI team) works with KPMG Deal Advisory (Corporate Finance, Transaction Services and Value Creation) teams to deliver value-add insights on the fundamentals of a Target business.

Our team uses a combination of Alteryx, Tableau, and proprietary software to produce the aforementioned analyses in an efficient and effective manner. The deal teams and Targets we serve are routinely impressed with the speed at which we can create robust analysis. For example, we can understand, at a transactional level, what is driving businesses, often in 1-2 weeks, working with datasets in the tens of millions.

The role:


You will be joining a fast-growing team within Deal Advisory that is driving value for our clients using data-enabled solutions. So what does that actually mean?

Our team works on a variety of engagements across industries, and the analytics required will vary by engagement. The list of analyses below, therefore, is just a sample of what we produce, and our product offering is ever-expanding.

Using transactional, public, and private datasets, our team delivers insights on customers, products, and other categories regarding:

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Sustainability

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Pricing

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Turnover

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Profitability drivers

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Customer/Product lifetime value

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Concentration risk

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Effectiveness and impact of strategic decisions

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Wallet share

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Feasibility of meeting financial goals

Given the small, entrepreneurial nature of the team, you will also help on ad hoc tasks for the team. These requests vary widely in nature and may include developing and leading internal trainings, assisting the risk management process, staffing and resourcing, client pitches, and networking events.

Responsibilities:


Uncover insights quickly and accurately by collecting, processing and analysing raw data obtained from a target to give transaction and strategic deliverables a boost
Utilise a hypothesis-driven problem-solving approach to design, construct, and rapidly test/iterate exploratory analyses that will reveal insight and opportunities for the client
Assess, capture, and translate complex business issues and requirements into a structured analytics use case, including rapid learning of industry/domain/client dynamics and development of effective work stream plans
Prioritize and effectively manage several deal deliverables across multiple deals
Manage staff on your engagements to provide real time feedback and guidance to client and diligence providers to help ensure timely and efficient product delivery
Train staff on relevant engagement analyses and industry KPIs
Develop operational protocol for offshore teams and work closely with research team to support analysis
Utilise non-chargeable time to network, attend trainings, and develop and implement new analytical approaches (by industry where applicable)
Qualifications:


Five years of experience in public accounting, advisory, financial audit, mergers & acquisitions, transaction services, strategy consulting or equivalent
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Bachelor's degree from an accredited college/university (MBA from an accredited college/university preferred)

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Experience in project management including: planning, organizing, coordinating and managing staff, clients and/or partners towards the successful completion of a project

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Exceptional attention to detail

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Strong critical thinking skills, including “investigative” mind-set

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Proficiency with Microsoft Excel skills, especially pivot tables, ideally shortcuts and macros

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Knowledge of database systems, research tools, and accounting analysis

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Excellent written and verbal communication skills with the ability to thoroughly yet concisely explain:

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Technical concepts and analytics-driven findings

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Business processes, concepts, challenges, and issues to non-technical resources

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Desire to work in fast-paced, team-oriented, loosely-structured environment

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Desire to learn new technologies and skills

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Travel may be up to 10-20%