Associate Director – Power & Utilities Projects (KPMG, Infrastructure Advisory Group)

KPMG’s Infrastructure Advisory Group (IAG) is a 300+ strong UK-based team providing leading business, financial, and regulatory advice across infrastructure sectors including Transport, Power & Utilities, and Social Infrastructure, both in the UK and globally.

The group advises on strategy, policy, finance, deal structuring, regulatory analysis, and new market delivery models, working closely with other KPMG functions (e.g. tax, M&A, due diligence).

The Power & Utilities (P&U) team is the largest within IAG, serving major UK and European utility companies. It delivers expert advice in areas such as project finance, regulatory policy, business planning, and corporate financial management—helping clients attract investment, optimise regulatory outcomes, and create value for customers and shareholders.

Recognised as a market leader, the P&U division is structured into six growing practice areas—Finance, Projects, Strategy, Regulation, Transactions, and Benchmarking—and is experiencing double-digit growth, driving demand for high-calibre candidates to support its continued expansion.

We are looking for a candidate with a Project Finance background to support the fast-growing P&U Projects team.

Our clients, include companies, developers, bidders and regulators. Some of our projects include Hydrogen Transport Business Model, Hinkley Point C, potential investor in Sizewell C, Thames Tideway Tunnel (TTT), multiple Direct Procurement for Customers (DPC) and Special Infrastructure Projects Regime (SIPR) projects, Offshore Transmission Owners (OFTO), Cap and Floor Interconnectors, Competitively Appointed Transmission Owners (CATOs), new nuclear projects (NNPs) and Small Modular Reactors (SMRs). Our clients are typically based in the UK and across Europe.

Key Responsibilities:

• Provide commercial, procurement, regulatory and financial advice on large and complex projects; Leading client engagements on a day-to-day basis;
• Managing our advice on engagements typically involving multiple workstreams and specialist teams;
• Operating at the senior management and higher levels with developers, investors and regulators;
• Build strong client relationships and contribute to business development and thought leadership.
• Mentor and coach junior team members, contributing to team growth.

Required Experience & Technical Skills:

• Relevant experience in project finance, infrastructure advisory, or financial consulting.
• The person must have in-depth knowledge and good working experience in at least two of the following areas:
  • Experience in building new financial models and/ or review of financial models (for example PFI or RAB based models)
  • Understanding of alternative funding models (CfD, RAB, PPA, etc)
  • Financing structures and financing terms for infrastructure projects (for example, PF2)
  • Construction contract terms and conditions (for example NEC4)
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• Understanding of the regulatory arrangements in the UK water and energy networks sectors or nuclear sector.
• Experience of investment appraisal;
• Proficient in Excel, PowerPoint, and report writing.
• Identify and pursue new business opportunities in the utilities infrastructure space.
• Build and maintain relationships with key clients, investors, and regulators. Proposal development, bid writing, and stakeholder targeting.
• Collaborate with other KPMG teams to grow the firm’s market presence.

Qualifications:

• Degree in Finance, Economics, Engineering, or Business.
• Professional qualification (ACA, CFA, CIMA) or equivalent experience preferred.

Additional skills

• Strong communication and stakeholder engagement skills.
• Ability to manage and deliver under pressure and tight timelines.
• Collaborative team player with leadership potential.
• Analytical thinker with strong problem-solving abilities.
• Proactive, commercially aware, and client-focused.
• Comfortable managing staff and stakeholders across disciplines (finance, legal, engineering, etc.).

Along with your CV, please submit a written response (max 300 words) to the following question: Based on your experience, how have you applied the core principles of project finance in practice?

Location

• London