Regulatory Finance Specialist

1 month ago


Bath, Bath and North East Somerset, United Kingdom Wessex Water Services Full time

We are one of the top-performing water and sewerage companies in England and Wales, serving 2 million customers. As a Regulatory Finance Specialist at Wessex Water Services, you will play a key role in managing and delivering key aspects of our regulatory finance, including annual regulatory reporting and business planning/price controls.

The position is accountable for providing analysis and advice to the company leadership team for all areas of regulatory finance, contributing to the company's approach to regulatory price reviews, ensuring the outcomes secure a financeable and sustainable business in the medium term that are good for consumers and Wessex Water. You will also be responsible for effective engagement with the economic regulator, via formal consultation responses and other means, which positively influences future regulatory policy.

As part of your duties, you will ensure ongoing compliance with our statutory and licence obligations regarding the economic regulator, contribute to setting expenditure targets for the business that keep the company near the efficiency frontier for the industry, prepare regulatory finance for annual reporting, maintain an up-to-date WWSL regulatory financial model that allows an understanding of the interactions between the company's models, assesses current performance against final determination, replicates the Ofwat determination model for future price reviews and forecasts future financial performance. Additionally, you will liaise with external stakeholders on issues related to economic regulation, including WaterUK and CCW, ensuring positive working relationships with colleagues at other companies and with other stakeholders.

What you'll need
  • A minimum of 5 years of proven experience within a regulated sector, including dealing with regulators and wider stakeholders.
  • Experience providing strong intellectual leadership on regulatory issues based on sound knowledge of relevant economic theory and commercial concepts.
  • Detailed understanding of techniques applied to economic regulation.
  • A degree-level qualification or equivalent experience with significant regulatory economics content.
  • Focus on a numerate technical discipline (economics, accountancy, finance, mathematics, engineering or similar).
  • Excellent communication skills and the ability to take a complex topic and explain it in simple terms.
  • Highly numerate, strategic thinking, logical, analytical and problem-solving.
  • Self-motivated and able to plan own workload.
What you'll receive
  • Total pension contributions up to 20%.
  • Career progression and professional development opportunities.
  • 25 days' holiday rising to 28 with length of service.
  • The opportunity to buy up to ten days' holiday and sell up to five every year.
  • A healthcare package that allows you to claim back healthcare costs.
  • Life assurance of up to eight times your salary.
  • A new electric car in exchange for part of your gross salary, subject to conditions.
  • Cashback and discounts from more than 3,000 retailers.
  • Enhanced family leave and pay arrangements.


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