Financial Analyst

Financial Analyst I Rate: 55/hr on w2 Job Purpose: Analyze data and activities to provide relevant and up-to-date information to support decision-making and the effective working of the Company. At the higher levels, this role will also design and implement procedures and policies within their area of work to improve the working of the National Grid. Key Accountabilities: Proactively research, produce, monitor, and analyze cost, policy, or other information to enable analysis of key themes and trends. Manage the day-to-day relationship with relevant internal parties or employees to understand their requirements, deliver appropriate, customized solutions and advice, and build cross-functional working in line with company policies and processes. Develop and maintain effective relationships with key stakeholders to share best practices, provide technical advice, and build bases of influence. Manage the day-to-day relationship with contract or external service providers, including negotiation, interpretation, and application of established and service-level agreements to ensure adherence to standards and best outcomes for the company. Assist and coordinate work on projects by contributing to developing project standards and processes to improve project delivery within the relevant function. Keep up to date with market/regulatory developments within your profession/discipline to ensure the optimization of best practices for the company. Develop and maintain analytical systems, models, and procedures to support design solutions and enhance time/consistency/safety/efficiency and operability. Challenge existing ways of working and continuously seek ways to do things better to drive greater efficiencies within assigned areas. Additional Accountabilities for Band D: Band D employees are expected to deliver on the key accountabilities listed above as well as those listed below. Develop process and policy specifications criteria and options and evaluate those options to support senior management decision-making in the relevant field. Research and analyze key themes from a wide range of data sources to identify how different scenarios may impact the business. Design and implement new processes or policies to ensure all working practices (and where relevant, health and safety standards) are compliant with company policies and regulatory requirements. Translate business objectives into clearly defined business cases, annual plans, and goals to support the achievement of departmental/operational areas. Negotiate and agree on contracts with outside vendors including standards of work/levels of service to ensure the best value for the company. Contribute to the identification and formulation of strategic objectives specific to the area of work/business unit, to drive change and innovation within the company. Lead, motivate, and develop a professional team, prioritize work, and allocate resources to ensure results are delivered in line with expectations and customer/business objectives. Develop and utilize peer group network to absorb and apply technical/professional best practices within own area of specialism. Monitor and control allocated human and material resources, maintaining financial and progress forecasting to ensure projects are delivered according to schedule and within budget. Manage key external relationships concerning local unions, regulators, and any data provided for business decision making Knowledge & Experience Requirements: A Bachelor's degree in a related area and up to 5 years of related experience, or equivalent work experience. An advanced degree/credits is preferred. Experience in managing a team.* In-depth experience in a field or multiple fields of work processes. Knowledge of relevant industry practice and legislation. Knowledge of current trends within the industry and developments in legislation or regulation. Knowledge of the company's business operations, company policies, and practices. Proficient in relevant software e.g. Microsoft Office products (Excel, Word, PowerPoint). Experience and proficiency in relevant company-related IT systems Knowledge & Experience Requirements for Band D: Band D employees are expected to have the knowledge & experience listed below. A Bachelor's degree in a related area and up to 7 years of related experience, or equivalent work experience. An advanced degree/credits is preferred. Experience in managing a team.* Expert within their field. Extensive and significant knowledge of one field of work or broad technical depth in multiple, related fields sufficient to lead programs or projects. Knowledge of relevant industry practice and legislation. Knowledge of current trends within the industry and developments in legislation or regulation. Knowledge of the company's business operations, company policies, and practices. Knowledge of division policies, processes, and fields of work. Proficient in relevant software e.g. Microsoft Office products (Excel, Word, PowerPoint). Experience in managing project teams and projects independently. Knowledge of budgeting and operational planning. Experience and proficiency in relevant company-related IT systems Capability Requirements: Analytical Thinking (3): Sees multiple relationships between different sources of data, identifying several likely causes or consequences of a situation Conceptual Thinking (2): Sees patterns or trends in data or situations, notices when something is similar to a past situation Impact and Influence (1): Uses direct persuasion to influence others, using basic data, logic, or a solid business case Customer Orientation (2): Takes personal responsibility for correcting problems promptly and undefensively and communicates customer expectations to monitor delivery and satisfaction Attention to Detail (3): Monitors quality of others' work, and checks to ensure procedures are followed Capability Requirements for Band D: Band D employees should be evaluated against the capabilities listed below. Analytical Thinking (3): After analyzing data, the see multiple relationships, identifying several likely causes or consequences of a situation Conceptual Thinking (2): Sees patterns or trends in data or situations, notices when something is similar to a past situation Information Seeking (3): Establishes the facts by digging deeper, asking probing questions, and challenging initial responses from different sources. Impact and Influence (1): Uses direct persuasion to influence others, using basic data, logic, or a solid business case Team Leadership (2): Promotes team effectiveness by soliciting input from team members, communicating expectations of the team, and delegating responsibilities while providing support and structure Equal Opportunity Employer/Veterans/Disabled Our associates' benefits include medical, dental, vision, life insurance, short-term disability, additional voluntary benefits, an EAP program, commuter benefits, and a 401K plan. Our benefit offerings allow employees to choose the type of coverage that meets their individual needs. In addition, our associates may be eligible for paid leave including Paid Sick Leave or any other paid leave required by Federal, State, or local law, as well as Holiday pay where applicable. To read our Candidate Privacy Information Statement, which explains how we will use your information, please visit

Created: 2024-11-12