What is the purpose of the role?
You will operate as a key player in the strategic & regulatory modelling team, providing high quality economic regulatory advice and analysis to senior management (executive/board). This role works across the business to protect and enhance our long-term interest.
What makes this role unique?
As the UK's largest Water and Wastewater Company, we provide the essential service at the heart of daily life, health and enjoyment to 15 million customers across London, the Thames Valley and surrounding area. Investment has averaged over £1 billion per annum in recent years to improve our network and infrastructure - our pipes, sewage treatment and clean water treatment plants, which are some of the biggest and most advanced in Europe. You will be joining at a time when the entire industry is transforming towards a more competitive market - the biggest change since privatisation.
What will this role involve?
Leading projects by using detailed quantitative and econometric techniques to provide high quality specialist economic and regulatory advice and analysis on a wide range of economic regulatory issues.
Provide a source of economic expertise to assist the business in analysis of areas of complexity to ensure the business makes decisions based on robust quantitative analysis of the issues.
Communicate key findings from complex analysis to a wide range of audiences including senior managers and the executive team in a manner suitable for the audience.
Draft and manage responses to Ofwat consultations on economic and regulatory issues, particularly related to Ofwat's approach to retail cost assessment, and to engage actively across the industry on regulatory issues.
Provide particular economic expertise in areas of efficiency modelling, interpretation of willingness-to-pay data and development of outcome delivery.
Provide expert economic and quantitative advice and analysis on a range of issues to support the annual business planning cycle and to develop strategy and tactics for the quinquennial review of price controls.
What are we looking for?
We are seeking an individual with a thorough understanding and practical experience of economic analysis with a degree level qualification in an analytical subject, preferably economics or maths.
A background in water, energy, or another regulated industry would be beneficial.
You will need strong commercial awareness and mindset, with the ability to make logical and well thought out decisions.
You will have excellent IT and first class communication and presentational skills - including an ability to communicate complex regulatory issues to non-specialists.
Ideally you will be a highly organised and analytical individual with project management skills and a strategic thinker.
Thames Water information and salary details
This mobile role is based in central Reading, minutes from Reading train station. We are offering a salary up to £65k depending on experience and proven track record. Our excellent salary package includes a competitive bonus, car allowance, private healthcare, an industry leading pension scheme and a wider benefits scheme which includes an annual pay review, child care vouchers, season ticket loans and loyalty awards for continuous service plus many more.
About Thames Water
Thames Water is the largest water and waste-water services company in the UK. We provide the essential service at the heart of daily life, health and enjoyment to 15 million customers across London and the Thames Valley and we are going through a period of exciting change. On a typical day we supply 2.6 billion litres of top quality drinking water and our 350 sewage treatment works treat more than 4.2bn litres of waste-water. Our 85,000 miles of water mains and sewers would wrap around the world three-and-a-half times.
We are focusing like never before on delivering brilliant services and providing our customers with a great experience. We are in the process of transforming our business in order to achieve this. To help us succeed, we need a range of new skills and capabilities and will be recruiting for these in the coming months. We are on the lookout for talented people across our entire region who are interested in helping us to become the best water and waste-water company in the UK.
Thames Water is an equal opportunity, Disability Confident, and Stonewall diversity champion employer.
Closing Date: The closing date for applications is 19/12/2017.