Current vacancies

Commercial Adviser

Job details

No. of posts: 1
Vacancy Reference Number: OGA 027
Grade HEO
Salary: £36,776
Location: London or Aberdeen
Travel to other locations with UK? Yes
occasional travel within the UK
Appointment Type Permanent
Appointment Term Full time
Level of Security clearance Basic
Medical required? No

Unless otherwise stated consideration will be given to requests to work on a part time or job share basis. Flexible working hours can also be considered.

Application details

Closing date for applications: 06 Oct 2017

Brief overview of role

This role is within the Commercial Team that sits in the OGA’s Regulation Directorate. The team is involved throughout the life cycle of a UKCS licence looking at all the financial elements necessary for an E&P company to meet their licensing obligations.

The OGA is looking for a high-calibre candidate to fill this post. This is an exciting opportunity to be involved at the forefront of the work the Authority does, and use your analytical skills and industry knowledge to play a role in shaping the investment that we will see on the basin in years to come.

Detailed job description and key responsibilities

The team works in a fast paced environment, which sometimes means responding to new priorities, however, the key aspects of the role will include:

  • Resilience – Support the OGA work in examining UK onshore and offshore licensee financial robustness. This will involve analysis of company financials through the use of the in-house financial modelling programme, managing the Financial Resilience Survey which is sent to industry, and conducting horizon scanning work to identify companies in distress. 
  • Financial briefing and analysis – Provide financial briefing for Senior Leadership Team meetings with E&P companies and investors, as part of the OGA’s Asset Stewardship Reviews and day to day engagement with the sector. Prepare financial analysis of the UKCS that can be used by the OGA at external events to promote the UKCS as an investment destination, and internally to inform decisions and work undertaken by the Authority. 
  • Investor Relations – Promote the UKCS as an attractive investment destination to existing and new investors. This will involve developing relationships with the different types of investors interested in the UKCS to understand their views and perceptions of the basin, and whether there are any barriers to investment. As part of this work analysis will be required on key themes and trends so that the OGA can better understand who it engages with and the relevant messaging required.
  • International Engagements – Conduct analysis of where current UKCS investment comes from and identify new target markets in order to influence OGA work internationally. Once key markets are identified support work to maintain relationships with FCO, DIT and SDI staff in country to ensure they have up to date data and information about the UKCS to share with their contacts, and support the planning and briefing for business development trips. 
  • Licensing – Provide support to the wider team on the financial and commercial due diligence which is undertaken at key times in the life of a licence; this will predominately be licence assignments and changes of control. The support on the financial side will include, but is not limited to, understanding and being able to interrogate a company’s cash flows projections and all elements contained within, and understanding different funding models and what these mean for a company’s licensing obligations.The post holder will need: 
  • good analytical and evidence-based policy development skills and the ability to grasp complex and unfamiliar issues quickly and identify implications and risks; 
  • to be a strong self-starter, confident in working independently but knowing when to seek support; 
  • excellent written communication skills and strong oral communication skills with the ability to adjust their style to explain complex issues clearly to a variety of audiences; 
  • an excellent eye for detail but also the ability to move between complex detail and the bigger picture and think strategically; and
  • the ability to develop and maintain strong relationships across a wide variety of teams across the whole OGA, in both London and Aberdeen, and with stakeholders in E&P companies, the investor community and Government.

Person specification

  • Competence 1: Making Effective Decisions - Effectiveness in this area is about being objective; using sound judgement, evidence and knowledge to provide accurate, expert and professional advice. For all staff, it means showing clarity of thought, setting priorities, analysing and using evidence to evaluate options before arriving at well-reasoned, justifiable decisions.
  • Competence 2: Collaborating and Partnering - People skilled in this area create and maintain positive, professional and trusting working relationships with a wide range of people within and outside the OGA to help get business done. At all levels, it requires working collaboratively, sharing information and building supportive, responsive relationships with colleagues and stakeholders, whilst having the confidence to challenge assumptions.
  • Competence 3: Seeing the bigger picture - Seeing the big picture is about having an in-depth understanding and knowledge of how your role fits with and supports organisational objectives and the wider public needs. For all staff, it is about focusing your contribution on the activities which will meet OGA goals and deliver the greatest value.
  • Competence 4: Delivering at Pace - Effectiveness in this area means focusing on delivering timely performance with energy and taking responsibility and accountability for quality outcomes. For all staff, it is about working to agreed goals and activities and dealing with challenges in a responsive and constructive way.

Specialist Skills, Qualifications, Experience, Licenses, Memberships or Language

Essential Desirable
• Understanding of how the OGA works.
• A degree – ideally in either law or a business related subject.
• Proficient use of WoodMac, Thomson Reuters and other similar databases.
• Good analytical skills.
• Understanding of oil and gas investment and funding models.
• Working with banks and funds in the oil and gas sector.
• Knowledge of M&A in the oil and gas sector.
• Working within a Regulatory environment and engaging with Government.
• Commercial experience in the oil and gas industry

Application Process and Further Information

Unfortunately you do not meet minimum nationality and educational requirements of this position.

Completed applications will only be accepted via the online application process below, however, if you do require the application form in a different format please contact us at  OGArecruitment@ogauthority.co.uk quoting the recruitment reference number and job title.

You should provide examples in your covering letter that best demonstrate your skills and abilities against the competencies and specialist skills. The maximum word count against each competence example is 250 words. The information you provide will be assessed during the short listing stage and if you are invited to attend an interview, the indicated competence areas will discussed further.

When completing your application, you should use the STAR format (Situation, Task, Action and Result) methodology for each competence. All appointments are subject to successful completion of pre-employment checks

For further information please see the Information to Candidates pack (PDF)

Additional information on what you can expect as an Oil and Gas Authority employee

Apply online

Equality and diversity statement

The OGA is committed to embedding equality and diversity into all our policies and processes. We will aim to recruit, retain and promote staff on the basis of competence and regardless of characteristics including those listed under the Equality Act 2010. These protected characteristics are; age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion and belief, sex and sexual orientation