Principal Economist, Chief Economist Team
2 weeks ago
**Details**:
**Reference number**:
- 264349**Salary**:
- £52,661 - £80,550-
**Job grade**:
- Other- Principal**Contract type**:
- Permanent**Business area**:
- OFWAT - Regulatory Enablers - Chief Economist Team**Type of role**:
- Economist**Working pattern**:
- Flexible working, Full-time, Part-time**Number of jobs available**:
- 1Contents
Location
About the job
**Benefits**:
Things you need to know
Location
- Birmingham, West Midlands (England), B5 4UA : London, London (region), E14 4HDAbout the job
**Job summary**:
Ofwat (The Water Services Regulation Authority) is a non-ministerial government department. We regulate the water sector in England and Wales.
Our role is to help build trust and confidence with customers, the environment and wider society. Ofwat has an ambitious -**Time to act, together** strategy and as a regulator we are setting ourselves up to achieve and equal the ambition of this strategy. It matters to us that things on the ground really change so that our impact on customers, the environment and the future of water is tangible and meaningful.
Our work is high-profile and fast-moving, within a dynamic and agile environment. The work that you’ll be involved in every day will be about helping us to deliver our strategy, and helping the sector to deliver outcomes that matter to customers and society.
We are forward-thinking, creative, innovative and ambitious. We actively encourage autonomy, collaboration and innovation and there’s a real adult culture fostered by trust, flexibility and respect. We strive to ensure our people feel connected and valued, where their voice matters. You will be provided with the space and support to shape your future while taking greater control of your own growth and development.
**Job description**:
We are looking to recruit a Principal Economist to work in the Chief Economist Team (CET). The CET reports directly to the Chief Executive of Ofwat and plays an important role across all areas of Ofwat's work. It leads on the economic input into on strategic work, such as developing our future regulatory strategy, mergers and competition work, as well as research pieces and our approach to impact assessments and evaluation. It also supports other teams across Ofwat, for example by scrutinising the decisions on price reviews, supporting teams focused on developing markets and other thematic policy areas such as the environment, customers and innovation.
**Key deliverables**
- Leading on the delivery of economic and/or quantitative analysis projects
- Providing economic advice on economic and/or quantitative issues across areas at Ofwat
- Developing economic frameworks to assess policy options
- Making recommendations to improve our regulatory approach
- Assessing the impact of our policies and interventions
- Presenting economic analysis to colleagues internally and stakeholders externally
- Drafting reports and publications to a high standard
- Managing and developing senior associate economists and graduate economists
**Person specification**:
**Essential Experience, Skills and Knowledge**:
- An undergraduate degree in economics or a discipline with significant economic content
- Excellent analytical skills
- Excellent written and oral communication skills, including the ability to understand and concisely explain complex issues in non-technical language
- Significant knowledge of microeconomics and regulatory economics
- Experience managing the design, development and delivery of economic projects
- Experience working in multidisciplinary teams
- Experience engaging with senior staff and external stakeholders
**Essential Attributes and Behaviours**:
- Delivering outcomes
- Creating clarity
- Making relationships count
- Committed learned
You can read more about Attributes and Behaviours in the attached Framework for Success
**Benefits**:
- A generous Civil Service pension with an average employer contribution of 27%
- Access to our package of benefits via our ‘Edenred’ scheme. This is a voluntary benefits scheme where staff have access to exclusive discounts on a range of goods and services such as retail outlets, theatre tickets, holidays, insurance and gym membership;
- Cycle-to-work scheme;
- Season ticket loan for travel between home and office;
- Flexible working arrangements;
- Fees paid for membership of relevant professional bodies;
- Regular professional development;
- A culture encouraging inclusion and diversity
- Health and well-being initiatives
Things you need to know
**Selection process details**:
**Selection timetable**
Closing date
11:55 pm 7th February 2023
Sifting
8th - 10th February 2023
Interview date(s)
W/C 13th and 20th February 2023
**Assessment Process**
- ** Sift Stage**
- ** Interview Stage**
We will test against attributes, as well as skills, experience, and knowledge (set out in the professional requirements section) during the interview process. You can read more on attributes in the atta
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