Chair and Members

Closed
Body: The Nuclear Liabilities Financing Assurance Board
Appointing Department: Department of Business, Energy and Industrial Strategy
Sectors: Business, Finance & Skills, Energy
Location: London
Number of Vacancies: 5
Remuneration: The Chair will receive a £750 per day. The members will receive £550 per day.
Time Requirements: The time commitment for the roles will be up to 25 days per year but could change if the project were to demand it.

Campaign Timeline

  • Competition Launched

    31/08/2018

  • Closed for Applications

    07/10/2018

  • Panel Sift

    25/10/2018

  • Final Interview Date

    18/12/2018

  • Announcement

    TBC

 

Assessment Panel

Vacancy Description

The Nuclear Liabilities Financing Assurance Board’s (NLFAB) role is to provide advice on and scrutinise the financing plans of decommissioning and waste management for the UK’s new nuclear power plants. The NLFAB will play an important role in the deployment of new nuclear development in the UK.

The NLFAB’s responsibilities will be to:

  1. Provide independent advice to the Secretary of State for BEIS on the suitability of the Funding Arrangements Plan (“FAP”) element of an operator’s FDP.
  2. Provide advice to BEIS at the following times:
  • Submission of the final version of the FDP by the Operator – to inform the Secretary of State’s decision on whether to approve or modify the FDP submitted;
  • Quinquennial reviews of an operator’s approved FDP;
  • Where changes have been proposed to an approved FAP, including advice on modifications proposed by the Secretary of State; and
  • As and when requested by BEIS.

 

Person Specification

The Chair:

Your application should demonstrate the following:

Essential criteria:

  • Prior experience within a non-executive Director role;
  • An ability to develop a Board and provide leadership through periods of significant time pressure;
  • Previous experience of financial analysis at a senior level;
  • Ability to assess the efficacy of proposals for the funding of future liabilities;
  • An ability to quickly absorb and understand complex issues relating to finance and energy policy;
  • Capacity to commit to the flexible working commitments required by the negotiation process; and
  • Effective communication and written skills.

Desirable criteria:

  • An understanding of decommissioning funding requirements (not necessarily in relation to nuclear);
  • An understanding of how the Funded Decommissioning Programme (FDP) fits in with the wider negotiations for the construction of new nuclear power stations in the UK; and
  • Interest in nuclear development in the UK and internationally.

Members:

Essential criteria:

  • A good understanding and experience of financial analysis at a senior level and/or an understanding of nuclear engineering or decommissioning;
  • Ability to assess the efficacy of proposals for the funding of future liabilities;
  • An ability to quickly absorb and understand complex issues relating to e.g. finance and energy policy;
  • Capacity to commit to the flexible working commitments required by the negotiation process; and
  • Effective communication and written skills.

Desirable criteria:

  • An understanding of decommissioning funding requirements (not necessarily in relation to nuclear);
  • An understanding of how the Funded Decommissioning Programme (FDP) fits in with the wider negotiations for the construction of new nuclear power stations in the UK;
  • Interest in nuclear development in the UK and internationally; and
  • Members are not required to have prior non-executive Director experience but will be expected to demonstrate experience within their field.

 

Additional Information

BEIS is committed to providing equal opportunities for all, irrespective of race, age, disability, gender, marital status, religion, sexual orientation, transgender and working patterns and to the principle of public appointments on merit with independent assessments, openness and transparency of process.

BEIS offers professional training courses on public sector finance and governance for those new to the public sector.

Attachments
NLFAB - Diversity monitoring form
NLFAB - Applicant Pack
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