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Manager – Econometric Benchmarking

Date: Oct 8, 2021

Location: London, United Kingdom

Company: KPMG UK

The Team

KPMG’s Infrastructure Group in the UK consists of c200 professionals and is widely recognised as one of the world’s leading independent financial and business advisers in infrastructure.

We provide in-depth advice on the strategic, financial, regulatory and commercial issues driving investments in infrastructure across Transport, Power & Utilities, and Social Infrastructure in the UK and internationally. Our work includes market and policy design, economic analysis, deal structuring and execution, as well as strategic and transaction advice to enable private and public capital to fund infrastructure. We also work closely with other functions within KPMG to advise clients on mergers and acquisitions, valuations, tax, accounting, and due diligence.
The utilities sector is a key business area for the Infrastructure Group and encompasses work for the large clients in the sector including all of the leading UK energy and water companies. We provide in depth strategic and technical advice on corporate finance issues, corporate financial management; regulatory finance, regulatory policy, business and financial planning, as well as other issues affecting value. We are widely recognised by many industry stakeholders as one of the most innovative advisors influencing the future of the sector.

Our business is expanding rapidly and is looking for a high-quality candidate to support our Power & Utilities business.

The Role

You will be working on a range of projects in the water and energy network sectors. Your work will focus on cost benchmarking but you will also provide support more broadly to the Power & Utilities team on economic regulation and policy development.
Our clients seek expert advice relating to cost benchmarking and cost assessment more broadly (for example cost benefit analysis of major projects). Our approach to benchmarking typically involves econometric models comparing costs across companies.
There is no ‘typical project’. You will need to apply a structured strategic approach to problem solving, drawing on established economic principles, while having the capacity to think creatively.
The projects that you will advise on will be high profile and varied. For example, in recent years we have advised nearly every water and energy network company on their price control reviews, been the lead advisor on several CMA appeals in both the water and gas distribution sectors, and advised on major transactions within the sectors. We have the skills and capabilities to be involved in every major development within the sector.
The work will include a combination of report drafting, engaging with client, and delivering and/or interpreting econometric analysis. You will be expected to be involved in the management of projects and to take a lead in developing proposals and other business development activities.You will also take a key role in developing the consulting skills of more junior staff.

The Person

We are looking for someone who is passionate to learn and develop in the role.
You will bring excellent report writing, Excel and PowerPoint skills—strong writing and management skills are a must. Apart from experience managing elements of projects you should also have been involved with client liaison, business development etc.
Ideally you will have experience in the utilities sector, in the industry, at a regulator, or as a consultant. More broadly you will have some knowledge either of the regulatory frameworks for utility companies, micro-economics, or finance (ideally all three), or at least a strong understanding of micro economic principles.
Ideally you will be experienced in quantitative economic analysis, with particular knowledge and experience of statistics and econometrics, ideally applied in the utilities sectors. This will include at least some exposure to STATA and possibly other packages.

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