Chair and 4 Members
Chair £750 per day
Members £550 per day
Time commitment upto 25 days per year (but could change if the project were to demand it)
The UK is the home of civil nuclear technology and we want to ensure we remain the world leader. Nuclear energy not only fuels our power supply, it fuels local jobs, wages, economic prosperity and drives UK innovation. The Government has recently made a number of supportive statements on the role of the nuclear sector. While nuclear has an important role to play in the UK's energy future as we transition to the low carbon economy, we have always been clear that no technology will be pursued at any price: new nuclear must provide value for money for consumers and taxpayers. Ensuring that new nuclear power stations have well structured, properly financed and fit for purpose decommissioning plans is a critical element of ensuring that the delivery of new nuclear energy is viable and continues to receive the support of government and the public.
The Nuclear Liabilities Financing Assurance Boards (NLFAB) role is to provide advice on, and scrutinise the financing plans of decommissioning and waste management for proposed nuclear power plants. They provide impartial scrutiny and advice on the suitability of the Funded Decommissioning Programme (FDP), submitted by Nuclear Operators. The board advises the Secretary of State on the financial arrangements the operator submit for approval, and on the regular review of funding.
The Department for Business, Energy & Industrial Strategy (BEIS) wishes to recruit a Chair and 4 Members to form a new Board who will play an important role in the deployment of new nuclear development in the UK. The board will provide ongoing advice to the BEIS negotiations team on the relevant sections of the FDP during the negotiation process to ensure policy and legal requirements are being met.
The Chair will need to have prior experience within a Non Executive Director role and be able to develop a board and provide leadership through periods of significant time pressure, with experience of financial analysis at a senior level and the ability to assess efficacy of proposals for the funding of future liabilities.
The members will need experience of financial analysis at a senior level and/or an understanding of nuclear engineering or decommissioning, alongside the ability to assess the efficacy of proposals for the funding of future liabilities.
Ideally you will have experience in at least one of the areas of expertise; fund management, actuarial, pensions, project finance or nuclear policy/engineering/project development. It is not necessary that you have a background within the nuclear industry, however you must have the ability to quickly absorb and understand complex issues relating to finance and energy policy.
We are also looking to appoint a diverse Board. We particularly welcome disabled, female and minority ethnic applicants.
For more information please click apply and download the candidate information pack.