Regulatory Manager - Econometrician

Reading - Clearwater Court

About the role:

We are currently seeking a Regulatory Manager - Econometrician to join our regulations department, and grow the econometric skill set as we prepare for the next price reviews. We are looking for individuals who have a strong background in econometric modelling, combined with a critical thinking approach to analysis. The team’s role is to provide insight and understanding into the delivery, operations and efficiency of our services, through the use of econometrics and statistical tools. You will report and present your finding to key stakeholders within Thames Water who have varying levels of technical understanding.

Key Accountabilities:

  • Provide high quality economic and econometric advice and analysis on a wide range of economic regulatory issues and communicate key findings to a wide range of audiences including senior managers and Executive Team.
  • Provide a source of economic expertise to assist the business in the analysis of areas of complexity to ensure the business makes the right decisions based on robust quantitative analysis of the issues.
  • Develop external networks to influence the development of regulation on economic regulatory issues for the benefit of the business, its customers and the environment. 
  • Develop internal networks within the business to collect, understand and develop suitable datasets for analytical purposes that help the business to allocate resources efficiently.
  • Provide analytical inputs for responses to Ofwat consultations on economic and regulatory issues.
  • Provide expert economic and quantitative advice and analysis on a range of issues to support the annual business planning cycle and to develop a strategy for the quinquennial review of price controls.

What skills are we looking for?

  • A thorough understanding of economics or econometrics or a related discipline.
  • A strong academic background in economics, maths, or related subjects or a strong track record of providing insight from analysis of data.
  • Experience of cost functions, efficiency benchmarking or financial econometrics and the ability and passion to undertake the logical and well thought out analysis.
  • Highly organised and analytical individual with experience in applied econometrics and management/analysis of large datasets and experience in at least one statistical software (preferably Stata or R, Python).
  • Excellent IT and first-class communication and presentational skills – including the ability to communicate complex technical models to non-specialists.
  • Knowledge of modern statistical techniques such as machine learning to apply on large datasets would be beneficial but not essential.  
  • Strong influencing and communication skills (written and oral), ability to think outside the box, high-level competencies in analytical, conceptual and strategic thinking.

What’s in it for you:

Working in a small team, but operating across the whole business and all operations, these new roles will be stimulating, challenging and hugely influential in how we develop as a business, support our customers and achieve a successful outcome at the next price review as the first step in achieving our long term vision.  

Our competitive salary and package include a competitive bonus, car allowance, private healthcare, an excellent contributory pension, 26 days holiday. There is also a wider benefits scheme which includes an annual pay review, season ticket loans and loyalty awards for continuous service plus discounts at a wide range of retailers via Benefits on Taps.  We also have a referral scheme, where you can receive £750 for helping someone get a permanent position within the company. 

We’re proud to be here for our local community, offering everyone two days paid volunteer to leave a year, as well as proudly supporting a lot of local events and charities.  

Click here to find out more about working at Thames Water

About us: 

Thames Water is the UK’s largest water and wastewater company. We make a daily difference to millions of customers by supplying 2.7 billion litres of world-class water to around 10 million homes.  

As our world changes, the need to take care of our most precious resource is greater than ever, both locally and globally. That’s why, at Thames Water, every one of our actions, big and small, matters every day. Water is essential to daily life, and that means our business is always open. We’re passionate about providing world-class tap water, now and for the future.

We’re also turning waste into power, self-generating 20% of the energy we use and, in turn, doing our bit for the planet. We’re reducing plastic waste by celebrating our tap water and rolling out an ambitious water fountain project. We’re using our voice to lobby for change and partnering with WaterAid to provide clean water to the world’s poorest communities.

Together, we’re building a better future for our customers, our region and our planet.

Thames Water is a unique, rewarding and diverse place to work. If you join our team, you’ll enjoy fast-tracked career opportunities, flexible working arrangements and unparalleled benefits. We’re also proud to be an equal opportunity employer, Stonewall Diversity Champion and Disability Confident Leader, welcoming individuals from all walks of life and leading the way with award-winning mental health and well-being strategy.

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