Senior Associate, Financial Analysis

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Please note that this role will close at 00:01 on Sunday 27 September, and therefore we advise getting your application in by no later than midnight on Saturday 26 September.
 

About Ofcom

As the UK’s communications regulator, we’re delivering vital work to make communications work for everyone.

Our work covers everything from phones and broadband, through to online safety, TV and radio, the postal service, and wireless devices. We need people of all backgrounds, skill sets, and experiences to help us achieve our ambitions on behalf of the British public.

About the team you'll be part of

Ofcom's Economics and Analytics Group (EAG) is a dynamic, international team of around 120 applied microeconomists, data analysts, behavioural economists and finance experts. As experts in evidence, we provide thought leadership, technical and sector expertise, and financial and economic insights to shape policy and regulatory decisions.

Within EAG, the Financial Analytics team provides financial analysis, forensic accounting and modelling expertise across all sectors regulated by Ofcom, including telecoms, post, broadcasting and online safety. This role will primarily support the Online Safety Group (OSG), helping to ensure regulatory and enforcement activities are underpinned by robust financial evidence, sound judgement and effective financial governance. There may also be opportunities to support other areas of Ofcom, subject to business need.

The purpose and scope of the role

As a Senior Associate Financial Analyst within EAG supporting the OSG, you will play a key role in supporting the development and operation of Ofcom's Online Safety fees regime and providing financial analysis to support enforcement and regulatory activities.

The role combines financial analysis, stakeholder engagement, financial and economic modelling, and regulatory oversight, requiring strong analytical skills and the ability to communicate complex financial matters clearly to both technical and non-technical audiences.

At Ofcom, you will have the opportunity to:

Contribute to one of the UK's most significant new regulatory regimes, applying your financial expertise to complex regulatory challenges while working alongside specialists from a range of disciplines and influencing decisions that help make the online world safer.

Your Key Responsibilities

You will collaborate with economists, policy professionals, lawyers, technologists, operational teams and enforcement specialists across Ofcom.

• Support the operation and ongoing development of Ofcom's Online Safety fees regime, including reviewing financial submissions, assessing reported revenues and supporting fee calculations, invoicing and cost recovery activities.

• Perform financial analysis and reconciliations using statutory accounts, management information and other supporting evidence, identifying anomalies, inconsistencies and potential risks within submitted financial information.

• Produce management information, revenue reporting and financial insights to support monitoring of fee regime performance and industry revenues.

• Conduct financial analysis to support compliance assessments, investigations and enforcement activity, including reviewing financial records, corporate structures and revenue streams.

• Prepare and present robust financial evidence and analytical outputs to support regulatory decision-making, appeals, challenges and information requests.

• Work closely with legal, policy and enforcement teams to ensure financial evidence is accurate, defensible and clearly documented.

• Develop and maintain financial models to support revenue assessments, forecasting, scenario analysis and business planning activities.

• Gather, analyse and interpret complex financial and operational datasets, delivering accurate, transparent and evidence-based insights.

• Act as a financial subject matter expert, supporting internal and external stakeholders and explaining complex financial matters clearly and effectively.

• Build productive working relationships with multidisciplinary teams, regulated services and external organisations.

• Identify opportunities to improve processes, reporting, analytical methodologies and quality assurance frameworks, contributing to the continuous development of Ofcom's financial analytical capability.

The Skills, Knowledge and Experience You'll Need for Success

Job-Based Skills

Essential

• Strong financial analysis, accounting or financial reporting experience.

• Experience reviewing statutory accounts, financial statements and corporate disclosures.

• Experience developing and maintaining financial models and analytical tools.

• Strong Excel skills and experience working with large datasets.

• Experience preparing concise, evidence-based recommendations for senior stakeholders.

• Excellent written and verbal communication skills.

• High attention to detail and commitment to analytical rigour.

Desirable

• Experience working within a regulator, government department, professional services firm or regulated industry.

• Experience in forensic accounting, audit, investigations or compliance-related work.

• Understanding of digital platforms, online services and technology markets.

• Experience using Power BI, R, Python or other analytical tools.

• Professional accounting qualification (ACA, ACCA, CIMA, CIPFA) or equivalent experience.

Grade-Based Skills

• Articulating Ideas: Communicate complex financial concepts clearly and effectively to a range of audiences.

• Building Solutions: Analyse evidence, identify issues and develop practical, data-driven recommendations.

• Harmonising Work: Collaborate effectively across teams, sharing expertise and building strong working relationships.

• Owning Accountabilities: Take ownership of work and deliver high-quality outcomes that support Ofcom's regulatory objectives.

• Executing Plans: Manage competing priorities and deliver high-quality outputs to tight deadlines.

• Scanning Horizons: Analyse complex financial information and identify key risks, trends and insights.

Inclusive hiring at Ofcom

At Ofcom, our mission is clear: to make communications work for everyone. To achieve that, our people must reflect the diversity of the UK, in background, identity and experience. 

We believe innovation thrives when difference is valued and everyone feels empowered to contribute their ideas and perspectives. That’s why we welcome colleagues of all ethnicities and races, sexes, genders and gender identities, sexual orientations, ages, faiths and beliefs, and those with apparent and non‑apparent disabilities. We value socio‑economic diversity, life experience and neurodiversity too. Whether you’re a carer, a parent, a veteran, or re‑entering work after time away, your voice and perspective matter here. 

Flexibility is at the heart of how we work because we want you to thrive in a way that suits you best. Most roles can therefore be adapted for part‑time hours, job shares, or other flexible arrangements. Learn more about our Rewards, Benefits and Wellbeing on our careers page. 

Our recruitment process is intentionally designed to be open and accessible. If you need adjustments, information in a different format or an alternative way to apply, contact us at [email protected] or 0330 912 1378. 

As a proud Disability Confident Leader, we guarantee interviews for disabled applicants who meet the essential criteria for a role. You can read more about this commitment here. 

Whoever you are, whatever your story, you belong at Ofcom.