This opportunity has now been filled

Finance Executive

About the role

The Nuclear Liabilities Fund (NLF) is a Scottish registered company holding investments valued at just under £15bn, for the purpose of providing funding to meet the waste management costs and decommissioning liabilities of the 8 power stations owned and operated by EDF Energy Nuclear Generation Limited. NLF is a Public Trust under Scottish Law and its 5 Trustees are also Directors of the Fund. The affairs of NLF are managed by the Executive Secretary with the support of a range of outsourced arrangements and advisors, together with the Trustees.

New funding arrangements agreed in June 2020 mean that the Fund has increased significantly and the executive activities of NLF will only continue to intensify as the period of decommissioning approaches. The need for significantly increased investment performance accounting and reporting, liquidity management and financial modelling have created the opportunity to appoint a Finance Executive to join the Fund. This person will work closely with and report to the Executive Secretary, providing management and oversight of all NLF’s finance operations and investment activities.

The responsibilities of the Finance Executive will include:

  • Liaising with NLF’s accounting service providers, auditors, investment and fiduciary advisers, custodians, fund managers, tax advisers and all other third parties.
  • Managing budgets, investment performance reporting, liquidity management and complex financial modelling.
  • Preparing management accounts and ownership of all financial processes, risk and statutory reporting requirements.
  • Working closely with service providers and stakeholders on asset and liability modelling and managing the annual fund review process.
  • Supporting the Executive Secretary on NLF’s forward agenda for committee and board issues, ensuring actions agreed are duly completed.
  • Regular attendance at investment and audit committee meetings.

Suitable candidates will be qualified accountants, with relevant sectoral experience in investment management and a strong understanding of financial models used to measure future liabilities and projected investment returns. A practical understanding of trustee responsibilities, compliance, investment governance and regulation around institutional asset management will also be important.

The role is home based, may suit flexible working and will involve regular meetings in London and elsewhere around the UK, when circumstances allow.

For more information, or an informal initial discussion, please contact Graham Burns on 07738 182813

To apply please send your CV to