(12 Month Fixed term contract – Maternity cover)
Ofwat (the Water Services Regulation Authority) is pursuing an ambitious strategy, making sure we have the skills, processes, systems, governance and organisational culture needed to enable us to deliver our new vision for the water and sewerage sectors. What we do makes a real difference to water customers across the country.
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, helping to us to be the regulator we want to be and helping the sector to deliver outcomes that matter to customers and society. Our strategy sets out the role Ofwat will play. We will adapt, be confident, act with purpose and integrity and continuously improve so that we make the greatest contribution possible to improving life through water. We are a small organisation of c250 people with a big role and national impact which is requiring systems thinking and adaptive leadership.
Resilience is crucial in the water sector – and we define this as including corporate, financial, and operational resilience. The Financial Resilience work-stream, within the Performance and Outcomes Cluster looks at the corporate and financial resilience of companies in the sector.
As a member of the financial resilience team you will use your skills to contribute to our work to monitor the financial performance and corporate structures of the regulated water companies and to ensure they are complying with the requirements of their licences. You will undertake financial analysis to support our wider policy development including incentives for companies to maintain long term financial resilience.
We use financial information provided by the companies and by other stakeholders to monitor the financial performance of the regulated companies and the returns they make. We also look in detail at the corporate structures that companies have in place along with their financing arrangements.
We do this to ensure that companies are delivering what customers need and reporting their financial position clearly and transparently and we will challenge them to make improvements where they are not.
Company management are responsible for ensuring that they are financial resilient and we look to see that the structures and arrangements they have in place are in line with licence requirements, they have sufficient financial headroom to enable them to deal with cost shocks or business interruptions and that the choices that they are making take account of the needs to customers and will not put their long term resilience at risk.
This role will suit someone who is analytical and inquisitive by nature and likes to work as part of a team and to use information to identify solutions to problems.
The applicant will need have a flexible approach and to enjoy the challenge of dealing with a wide range of financial and compliance issues; the work we do can be quite varied and at times we need to be reactive to issues that arise.
To thrive in this role the successful candidate will apply their knowledge and experience as outlined below (full details can be obtained from the Candidate Information Pack on Ofwat’s careers page):
- Highly numerate with strong analytical skills.
- Experience of analysing, interpreting and challenging financial information presented by companies.
- Developing and using financial indicators and other information to monitor the performance and financial stability of companies
- Understanding of financial reporting and the application of relevant accounting standards
- Strong analytical skills and the ability to draw well-reasoned conclusions from your analysis
- Able to produce high quality analysis to tight timescales, while managing competing priorities.
- Experience with using Excel as a tool for financial analysis
- Exceptional oral and written communication skills. Including the ability to write high quality documents and to communicate complex analysis and issues to non-technical audiences
- Excellent organisational skills, able to manage your own workload.
Successful candidates may have worked within the following areas; Corporate Finance, Financial Due Diligence or Transaction Services, Finance Analyst, Financial / Regulatory Policy Development, Finance Business Partner, Treasury. The role might also suit someone looking to make a move out of an accounting practice or management accounts role who wants to develop their corporate finance skills.
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 plus a fantastic civil service pension and commitment to learning and development, among many other benefits.
A truly flexible, agile, autonomous and trust based working culture is on offer to help you succeed within Ofwat.
Please forward a CV and cover letter, including the relevant experience required for this post. Please ensure that you have outlined how your skills and experience meet the criteria set out in the requirements section of the role profile. All applications require a CV Supplement form (mandatory) and a Diversity form (optional) to be completed as part of the process.
More information is available in our candidate information pack.
Please email your CV and supporting documents to [email protected] with the name of the vacancy in the subject along with the reference number. The closing date is 27 January 2021 at 5pm.