Commercial Finance Analyst

Gas Networks Ireland operates and maintains Ireland’s €3bn, 14,725km national gas network, which is considered one of the safest and most modern renewables-ready gas networks in the world.

Almost 725,000 Irish homes and businesses trust Ireland’s gas network to provide efficient and reliable energy to meet their heating, cooking, manufacturing and transport needs.

The gas network is the cornerstone of Ireland’s energy system, securely supplying more than 30% of Ireland’s total energy, including 40% of all heating and almost 50% of the country’s electricity generation.

Gas Networks Ireland is aiming to deliver a repurposed, resized and fully decarbonised gas network by 2045. Its “Pathway to a Net Zero Carbon Network” envisions transforming the existing gas network into two separate systems carrying 100% renewable gas, one dedicated to biomethane and the other to green hydrogen, with the potential to carry approximately 30% biomethane and 70% green hydrogen, as well as offering significant long term energy export opportunities.

The Role:

The Commercial Finance function within Gas Networks Ireland Finance is responsible for ensuring the business remains commercially focused through its large customer accounts, managing the relationship with the CRU and other parties, Trading and Settlements, Demand Planning, Tariff setting and Price Control Reviews. Reporting to the Senior Commercial Analyst, the role will involve applying financial models to produce revenue and tariff information, preparing reports, papers and presentations for approval.

Duties and Responsibilities:

• Develop detailed understanding of and monitoring compliance with the ROI regulatory contracts.
• Preparing the annual ROI Regulated revenue & tariff submission for the Commission for Regulation of Utilities (CRU), the national independent energy regulator.
• Supporting the regulatory tariff reporting process.
• Building tariff and revenue models and undertaking financial analysis as part of Price Control Reviews, Corporate/Business Plan and Budget processes, and EU gas market developments.
• Evaluating and presenting commercial initiatives and their financial impact on tariffs, and on both the GNI and GNI(UK) businesses.
• Participating in ENTSOG tariff work groups and analysing impact of EU directives on tariffs structures in ROI.
• Analysing and preparing responses to gas industry consultations at National and European level.
• Develop different transportation tariff structures for the Irish gas market, including Biomethane, Hydrogen and CNG tariff development.
• Evaluating, drafting and presenting of various proposals to the CRU (e.g. connection policy issues, tariff structure, and revenue recovery etc.)
• Preparing revenue projections for both regulated and unregulated revenue streams, including the GNI(UK) and Northern Ireland business.
• Calculating revenues to be invoiced in accordance with unregulated contracts, including the GNI(UK), PTL, Corrib, IOM, EPS etc. businesses.
• Providing commercial analysis and support on periodic updates of the GNI Siteworks Charging Document
• Providing financial analysis to facilitate decision making.
• Monitoring monthly Transportation revenue invoices.
• Monitoring compliance with the Northern Ireland regulatory contract.
• Ensuring that the regulatory and commercial intent of contracts are implemented appropriately.
• Any other duties that may be assigned from time to time.

Knowledge, Skills and Experience:

• Third level degree in Business/Finance/Economics and/or a professional accounting qualification essential.
• 3 - 5 years’ experience, ideally in the energy industry with an understanding of the regulatory environment in Ireland.
• Proven financial/numerical modelling skills in Microsoft Excel is essential e.g. ability to build macros.

• You will be a natural collaborator seeking out opportunities to share knowledge and improve results.
• You will have a clear communication style and will be able to influence others effectively.
• You are comfortable with change and have a demonstrated ability to identify opportunities for improvements and efficiency.
• You have demonstrated a commitment to developing new skills in yourself and others.
• You are results focused and have a track record of getting results through others.
• You are comfortable with making and taking appropriate decisions.
• You are committed to providing excellent customer service and have a track record of delivering excellence through others.

 

Applications, including current Curriculum Vitae, should be emailed to the following address stating the job title and reference number in the subject line of your email: recruit@gasnetworks.ie

 

The closing date for receipt of applications for this vacancy is the 6^th of January 2025.

Please note that applications submitted after this closing date will not be accepted.

 

Gas Networks Ireland is an equal opportunities employer

 

We are committed to providing a diverse and inclusive place of work and have a robust strategy and framework called ibelong to enable this. We are an equal opportunity employer and through our recruitment process we welcome and encourage applications from interested and suitably qualified individuals regardless of gender, age, racial or ethnic origin, membership of the traveller community, religion or beliefs, family or civil status, sexual orientation/gender identity or disability.

 

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