Head of Commercial

Website Department for Business, Energy and Industrial Strategy (BEIS)

Job Description:

An exciting opportunity has arisen in the Energy System Governance team – to lead the commercial workstream of the Future System Operator (FSO) project.

Government is creating a public sector body, the FSO, to perform critical roles for the delivery of the UK’s net zero strategy. The core roles of the FSO currently form part of National Grid plc, principally the Electricity System Operator (ESO). The ESO is responsible for balancing the supply and demand in the electricity system. It also plans the energy network and the FSO will also take on long-term gas network planning roles.

The Government has introduced an Energy Bill which will enable the new body to be established. The acquisition of the ESO is a critical part of the project.

Strategic acquisitions by Government are rare, and therefore this is a unique opportunity to plan and execute a high-profile corporate finance transaction.

Job Responsibilities:

  • Coordinating the due diligence on the target business and advise on strategies to manage risk
  • Procuring external advisors, including corporate finance and legal advisors, and due diligence providers
  • Developing and executing the project’s commercial strategy
  • Providing qualitative advice and financial analysis on options, including structuring and valuation
  • Advise on and participate in the negotiations with counterparties and of key transaction documents
  • Leading on the commercial and financial aspects of internal decision-making documents, including approvals needed from Ministers and HMT
  • Advise on ongoing funding and other corporate finance and commercial matters for the FSO after it has been established
  • Working collaboratively with the other project leads and workstreams, BEIS policy teams, UK Government Investments, Ofgem and external advisers to deliver the overall project
  • Liaising with senior stakeholders, including Ministers

Job Requirements:

  • Prior experience in the energy sector is desirable but not essential.
  • Experience of managing M&A and/or other complex corporate finance transactions
  • Broad knowledge of corporate finance, valuation, legal and accounting aspects of transactions
  • Good project management skills, with proven ability to manage workloads and deliver to deadlines

Job Details:

Company: Department for Business, Energy and Industrial Strategy (BEIS)

Vacancy Type: Full Time

Job Location: Darlington, England, UK

Application Deadline: N/A

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