Ofcom

About Ofcom

Based from any of our UK offices £Competitive Team Overview We are looking for analytical candidates who would enjoy working in a dynamic sector on varied and interesting financial issues to help people across the UK. Ofcom exists to make communications work for everyone. We regulate the TV, radio and video-on-demand sectors, fixed and mobile telecoms, postal services, plus the airwaves over which wireless devices operate. In 2017 we took over regulation of the BBC and we are also expecting to take on a role in protecting against online harms. In terms of the way we work, at Ofcom our culture is shaped by four important corporate values: excellence, agility, collaboration and empowerment. The Financial Economics team provides forensic accounting, modelling expertise and financial advice to policy projects across Ofcom. Our colleagues provide support on issues as part of Competition, Consumer, Strategy and Research and Content Policy projects covering all sectors. Purpose of the Role As a Finance Analyst, you will work on projects across several sectors delivering financial analysis to support the development of Ofcom’s policy decisions and to understand the implications for consumers and Ofcom. The role will also work to develop and maintain an appropriate regulatory reporting regime for Royal Mail, BT and the BBC. Our Finance Analysts take ownership of tasks within project workstreams, collaborating with colleagues across different disciplines and across the organisation. Recent examples of the team’s work include: Providing the financial analysis to support Ofcom’s work to help transform the business case for investment in ultrafast broadband while protecting customers, as the UK transitions to new fibre networks Developing requirements on the BBC to ensure that its commercial activities do not get an unfair advantage over their competitors as a result of their relationship with the BBC Public Service Monitoring the financial performance of Royal Mail, in line with our duty to secure a universal postal service, having regard to financial sustainability and efficiency Designing a new regulatory financial reporting framework for BT Requirements of the Role Ofcom offers a supportive environment where you can consider issues with colleagues and develop proposals. As your team’s proposals develop, you will also need to be comfortable having your solution challenged, requiring you to explain with the logic and evidence that supports your recommendations. As a Finance Analyst in our team, you will get an opportunity to: Deliver financial modelling to a high standard to further Ofcom’s thinking in relation to a variety of financial questions including price controls, profitability and cost allocations Use forensic accounting techniques to monitor, review and challenge the financial information produced by our stakeholders Ensure that all outputs are delivered in a clear and concise manner and are accessible to non-technical readers Develop appropriate regulatory reporting solutions and legal requirements within our statements Investigate any concerns in relation to the financial information we receive from our stakeholders Contribute to maintaining a productive relationship with our stakeholders Skills, knowledge and experience We have roles to suit candidates that are interested in building financial expertise and are wishing to study for an accountancy qualification. For successful candidates wishing to study for a professional qualification, such as the CIMA qualification with the Chartered Institute of Management Accountants, we will provide the necessary training and funding. We will support our new colleague’s professional development and help them to build the skills and expertise necessary for this role. In return, we are looking for candidates to demonstrate the following: Intellectual curiosity to apply analytical approaches necessary to identify, investigate and resolve financial issues Ability to present complex analysis in a clear, straightforward manner into a focused document Positive approach to collaboration, showing an interest in the views and perspectives of others, both within project teams and with internal and external stakeholders Ability to work independently, planning time effectively and prioritising multiple tasks Qualifications For successful candidates wishing to study for the CIMA professional qualification, a degree level qualification or equivalent experience is required. Competences The Ofcom competences that are particularly relevant for this role are: Develops a logical process of research to analyse and understand key issues Determines appropriate data sources, using available research resources creatively Communicates technical/professional information clearly to a range of audiences Delivers high quality, proofread documents to agreed timescales Makes sure people understand the rationale behind their thinking, decisions, and actions Seeks and respects feedback and input from others Works on specific elements of projects and/or activities in individual area of specialism To apply for the role of Financial Analyst, please apply via the button shown. This vacancy is being advertised by Webrecruit. The services advertised by Webrecruit are those of an Employment Agency. Other organisations may call this role Finance Analyst, Analyst, Accountant, Financial Accountant, Forensic Accountant, or Financial Associate.

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Company Type: Non-profit Organisation

Company Size: 501 - 1000

Revenue: 100 - 500 million (USD)

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