Assistant Manager, Funding & Investment

Support the delivery of National Grid’s liquidity strategy to ensure National Grid has sufficient cash available to meet the company’s operational and regulatory requirements whilst driving value for the group by optimising the Group’s financing costs, and manging financial risk.

As an Assistant Manager, you will be responsible for:

• Executing the group strategy for liquidity to ensure National Grid always has sufficient cash when required, whilst minimising the cost to achieve.
• Managing the Group’s financial risks arising from procurement, revenue and investment in businesses overseas, and also from its financing portfolio using derivatives.
• Invest surplus cash in a range of assets such as deposits and money market funds.
• Monitor and assist with managing the financial risk exposures of the Group (including re-financing, liquidity, interest rate, foreign exchange and inflation risk) and lead the execution of the Group’s risk management strategy. Present analysis and recommendations for deals.
• Lead the project management of routine financing transactions by managing multiple stakeholders both internally and externally.
• Help develop and run our ESG financing and investment strategy.
• Discuss hedging solutions with our businesses, covering foreign exchange, and other market related exposures.
• Support the management of the relationships with the Group’s banks, ensuring the Group has the appropriate levels of bank back-up facilities and managing, measuring and ensuring the right facilities are in place and rewarded appropriately. Ensure that National Grid manages liquidity and optimises its financing costs.
• Contribute to the Group business plan, liaising with Corporate Finance departments and provide relevant financial information to support the decision-making process for the regulatory finance and business development teams.
• Prepare reports to the Finance Committee of the Board and subsidiary Board papers on performance and transactions, ensuring accuracy and completeness of information on National Grid’s Treasury performance.

• Keen interest in financial markets and the economy. Strong understanding of how macro-economic data will affect treasury transactions. Know how to adapt execution strategy and recommendations to changing circumstances, both external and internal.
• Experience in transacting loans, commercial paper, and investment products, including putting in place all the infrastructure before such instruments can be dealt.
• Some experience dealing in foreign exchange, foreign exchange derivatives and interest rate derivatives to hedge the financial risks of debt, procurement of goods, business cashflows and the group’s balance sheet.
• Excellent oral and written communications skills, in particular the ability to summarise complex transactions, weighing up all of the relevant factors, such as how transactions impact other areas of the business to senior management and in formal papers to the Finance Committee of the Board.
• Innovative – think up alternative solutions and see them through.
• Self-motivated, proactive.
• Excellent attention to detail in all aspects of the job.
• Proven track record of maintaining excellent business relationships with for example, banks, auditors, external lawyers and business leaders.
• Takes ownership of tasks, with a strong drive for results.
• Strong financial mathematical modelling skills along with a thorough understanding and intuitive feel of the drivers of pricing for financial instruments.
• Good working knowledge of the impact of treasury transactions on tax, accounting, regulatory and legal. Must be able to understand complex legal documentation.
• A good level of professionalism and maturity to present to key stakeholders.
• Bachelor’s Degree and preferably one further business qualification e.g. Qualified accountant, MBA, CFA or ACT.

A competitive salary circa £62,000 – dependent on capability.

As well as your base salary, you will receive a bonus of up to 15% of your salary for stretch performance and a competitive contributory pension scheme where we will double match your contribution to a maximum company contribution of 12%. You will also have access to a number of flexible benefits such as a share incentive plan, salary sacrifice car and technology schemes, support via employee assistance lines and matched charity giving to name a few.

National Grid lies at the heart of a transforming energy system, spanning the UK and the US. Our businesses supply gas and electricity, safely, reliably and efficiently to millions of customers and communities. But we also drive change through engineering innovation and by incubating new ideas with the power to revolutionise our industry.

As the world changes to embrace cleaner energy and businesses shift to operate in a more responsible way, we are leading that charge. We are focused on finding ways to decarbonise the energy system; from building interconnectors to allow the UK to share clean energy with our neighbours in Europe, to investing in renewable energy generation in the US.

We connect people to the energy they need to live their lives. We continually strive to find a better way. We Bring Energy to Life.

The closing date for this vacancy is 9th August 2021. However, we encourage candidates to submit their applications as early as possible and not to wait until the published closing date. National Grid’s recruitment periods can and may vary. We reserve the right to remove this advert or close it to further applications at any point during the recruitment process.

At National Grid, we work towards the highest standards in everything we do, including how we support, value and develop our people. Our aim is to encourage and support employees to thrive and be the best they can be. We celebrate the difference people can bring into our organisation, and welcome and encourage applicants with diverse experiences and backgrounds, and offer flexible and tailored support, at home and in the office.

Our goal is to drive, develop and operate our business in a way that results in a more inclusive culture. All employment is decided on the basis of qualifications, the innovation from diverse teams & perspectives and business need. We are committed to building a workforce so we can represent the communities we serve and have a working environment in which each individual feels valued, respected, fairly treated, and able to reach their full potential.

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