Regulatory Finance Consultant

Job Title: Regulatory Finance / Regulatory Reporting Consultant (Contract)
Salary: Competitive, dependent on experience (Day rate, outside IR35)
Location: Edinburgh (Hybrid)

Overview
An exciting opportunity has arisen for a Regulatory Finance / Regulatory Reporting Consultant to join a specialist consultancy working with clients across the regulated utilities sector, primarily within water and energy.  The role will focus on helping regulated businesses ensure their regulated and non-regulated activities are properly separated, both financially and operationally, while meeting regulatory requirements and licence conditions.  You’ll work closely with the CFO and senior stakeholders, helping to review existing processes, design improvements and put the appropriate systems, controls and reporting in place.  The role would suit someone from either a consulting or industry background with experience in regulatory finance, regulatory accounting, financial separation or a similar regulated environment.

Key Responsibilities:
Financial Separation & Regulatory Finance
Advise clients on the financial and operational separation of regulated and non-regulated activities
Review existing finance structures, processes and controls and identify areas for improvement
Develop and implement cost allocation methodologies for shared costs, overheads, services and capital
Support financial ring-fencing and ensure compliance with relevant licence conditions
Develop and review transfer pricing and related-party transaction frameworks
Support the preparation of regulatory accounts, reconciliations and financial submissions
Assist with Annual Performance Reports and other regulatory reporting requirements
Review finance systems, chart of accounts and reporting structures to support effective financial separation
Develop policies, procedures and controls to ensure separation requirements are maintained
Work with external auditors and regulators on regulatory and financial separation matters
Prepare clear reports and presentations for senior management, Boards and Audit & Risk Committees
Keep clients up to date with regulatory changes and advise on the impact on finance processes and controls
Person Specification
ICAS, ACCA, CIMA or equivalent professional qualification
Strong financial accounting, regulatory finance or related background
Experience in regulatory finance, regulatory accounting, financial separation or a similar area
Experience working within a regulated industry or consulting/advisory environment
Strong understanding of financial reporting, controls and accounting processes
Experience with cost allocation, regulatory reporting, financial controls or related-party transactions
Experience working with senior finance stakeholders, auditors or regulatorsDesirable
Experience within a regulated sector
Experience with financial ring-fencing or accounting separation
Experience supporting regulatory submissions or licence compliance
Previous consulting or professional services experience
Knowledge & Skills
Strong understanding of regulatory and financial accounting
Knowledge of cost allocation and activity-based costing
Understanding of financial separation and ring-fencing
Knowledge of transfer pricing and related-party transactions
Understanding of statutory versus regulatory reporting
Strong analytical and problem-solving skills
Excellent stakeholder management and communication skills
Ability to translate complex regulatory requirements into practical finance processes
Good understanding of finance systems and reporting structures
Analytical and detail-focused with a strong understanding of financial controls
Confident communicator who can work with both finance and non-finance stakeholders
Comfortable managing multiple client projects and working to deadlines
Pragmatic approach to problem solving and process improvement
Strong relationship-building and stakeholder management skills
Able to work independently while contributing effectively to a wider consulting team
Additional Information
This is a strong opportunity for someone looking to build their career within regulatory finance, financial separation and finance transformation, with exposure to complex client projects and senior stakeholders.

Please send your CV to Rosie Hutcheon, or call (phone number removed) via the ‘Apply Now’ option to be considered for the role