Ofwat is the economic regulator for water and wastewater companies in England and Wales. Safe, reliable and sustainable water and wastewater services are essential for our day-to-day lives, our wellbeing, and our natural world. The water sector faces significant challenges including pressure from population growth, changing customer expectations and climate change. Customers are increasingly concerned about environmental harm, including the impacts of carbon emissions and pollution in rivers. At the same time, it’s still vital to manage the affordability of this essential service for customers. At Ofwat, our ambition is for water companies to provide the very best service for customers, improving the environment and improving life through water, both now and in the future.
The Company Performance and Price Reviews Cluster is responsible for driving companies to deliver for customers and the environment using a range of tools, including the Price Review. We are currently developing the methodology for the next price control in 2024. The development of a price review goes beyond setting the revenue limits and outcomes that we expect from companies, and also includes examining how we can make greater use of markets and incentives to deliver better outcomes for customers and the environment.
Ofwat is looking for a Director to lead key elements of the next price review, PR24, and will help shape the design and delivery of this and future price reviews. It’s an exciting time to join Ofwat – you will be involved in finalising the methodology for the price review, which will help to deliver the long-term goals for the sector. You will be joining an experienced leadership team, and there will be flexibility to finalise the specific responsibilities of the role in consultation with the successful candidate.
Reporting to the Senior Director of Company Performance and Price Controls, the successful candidate will lead some of the following areas of work:
•*the outcomes/performance regime and associated incentives;
•*focusing companies on the long term, including through work on industry strategic planning frameworks;
•*the requirements for company business plans, including associated business planning incentives;
•*engagement with companies throughout the price review; and
•*delivery of the price review, including programme coordination and setting and ensuring the delivery of key milestones.
The successful candidate will possess the following essential criteria:
•*knowledge and experience of setting or applying economic and incentive regulation, likely from a background in economics, engineering, regulatory policy, and/or project management;
•*the ability to manage a complex portfolio of work with a high degree of autonomy and deliver an ambitious agenda;
•*a proven ability to lead a highly-motivated, multi-disciplinary team with passion, enthusiasm and a clear strategic vision;
•*strong stakeholder management experience, influencing and communication skills;
•*the ability to identify opportunities and take the initiative to deliver Ofwat’s strategic objectives, leveraging analytic skills and resources inside and outside the organisation; and
•*the ability to demonstrate having led teams and relationships in a way that is aligned with our values of support, ambition, integrity, continuous learning, ownership and respect.
Come and take a look, we offer a substantial benefits package including 25 days holiday plus 10 ½ bank holiday and privilege leave days per annum, a fantastic & highly competitive civil service pension scheme, among many other benefits.
A truly flexible, autonomous and trust based working culture is on offer to help you succeed within Ofwat.
Please apply online here at Civil Service Jobs.
Please ensure that you have outlined how your skills and experience meet the criteria set out in the professional requirements section of the role profile.
Apply before 11:55 pm on Friday 27th May 2022.