Associate Director - Power & Utilities - Transactions & Energy transition

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Job description

The Team

The Infrastructure Advisory Group (IAG) at KPMG UK (ca. 400 FTEs) provide in-depth advice on strategic, financial, regulatory and commercial issues driving investments in infrastructure across Transport, Power & Utilities, and Social Infrastructure in the UK and Europe. Our work includes market and policy design, economic and regulatory analysis, deal structuring and execution, as well as strategic and transaction advice to enable private and public capital to fund infrastructure. We work closely with other functions within KPMG to advise clients on due diligence, transactions and valuations.

Power & Utilities (P&U), led by Dr Matt Firla-Cuchra, counts c85 FTEs is the largest business area of IAG and encompasses work for major clients in the sector, including all UK utilities as well as some of the largest energy and water companies in Europe and beyond. We provide in-depth strategy, market, regulatory, cost assessment, corporate finance, transaction and energy transition advice to players and investors in the utilities sector. Our work combines elements of policy, finance, strategy and economics to assist our clients in structuring investments, securing financing, supporting regulatory regimes for the benefit of customers as well as maximising shareholder value. We are widely recognised by many industry stakeholders as market leaders influencing the future of the utilities sector.

Our P&U business is currently divided into six practices: Water Regulation, Energy Regulation, Finance, Projects, Transactions & Energy transition, and Cost Assessment, and is continuously expanding with double digit growth over the last 10 years. As such we are looking for high quality candidates to support our growth and development of existing and new service lines, while building on the work already undertaken in the Group.

The Role

You would be joining the Transactions & Energy transition sub-team of P&U. The team has delivered strong growth in recent years, and is over-delivering on its recent budgets. It counts 11 FTEs currently, and has the ambition of doubling its revenues and size over the next five years.

The Transaction & Energy Transition Associate Director (AD) role will comprise:

• Providing regulatory due diligence on transactions in the regulated utility sector, leveraging the specialist skills across the P&U team (regulation/finance/cost assessment etc)
• Providing financial advice to clients on energy transition sectors (such as energy efficiency, connections, metering, nuclear and renewable generation etc.), jointly with KPMG Corporate Finance team
• Providing strategic, regulatory and market advice, to corporate and infra fund clients, on energy transition sub-segments
• Supporting the general origination effort of the Transaction & Energy transition and the wider Power & Utilities team
• Managing delivery of several engagements of different size on a day-to-day basis. Being responsible for the quality of deliverables produced for clients
• Working closely with our colleagues in other parts of KPMG Deal Advisory to develop and maintain business relationships with clients, in particular infrastructure investors
• Ensuring KPMG's quality and risk management procedures are adhered to
• Providing effective management, coaching and mentoring of junior staff on specific engagements
• Developing, inspiring and empowering team members in line with the firm's values

The projects that you will advise on will be high profile and varied focusing on regulated utilities in the UK and energy transition in Europe. For example, the team has recently provided:

• Completed regulatory due diligence on large UK water utility
• Regulatory & commercial due diligence on a large OFTO
• Completed a sell-side M&A advisory on a C&I solar platform in Eastern Europe
• Completed a strategic review of an energy efficiency company in Europe
• Regulatory & commercial due diligence for the acquisition of an electricity distribution network
• Advised on the gas market prospects in the context of a takeover of a large gas distribution company in the UK

The Person

• You will either have developed regulatory expertise on UK regulated utilities (water, electricity, gas, etc.) in a consulting firm, or M&A advisory experience in the Power & Utilities sector
• Have experience and understanding of key elements of energy policy and economic regulation of utilities
• Experience of working on and managing transactions in utilities and infrastructure
• Good understanding of transaction process and execution
• Experience of working in regulated utilities, and / or energy transition sectors such as energy efficiency, C&I solar, C&I decarbonisation, connections, metering, renewable generation
• Ability to work at pace and during intense periods of live transactions
• Excellent presentation and communications skills
• Strong commercial awareness
• Have a go get attitude and a will to succeed, with experience of opening up opportunities
• Be an independent thinker with the ability to identify and solve problems