Digital Budget & Efficiency Analyst

Thames Water Utilities Limited; Reading; Hybrid; GBP 43,000 - 48,000; Full time

Job summary

A leading UK water company is seeking a Digital Budget & Efficiency Analyst. You will manage financial processes, track cost-saving initiatives, and implement digital tools to streamline operations. Candidates should have extensive experience in financial analysis, strong analytical skills, and proficiency in MS tools. This role offers a competitive salary, flexible working arrangements, and various wellness benefits.

Benefits

Annual Leave - 26 days holiday, increasing to 30 with service

Performance-related pay plan

Generous pension scheme

Health and wellbeing benefits

Qualifications

• Extensive experience in financial analysis and reporting.
• Experience with managing and tracking cost saving initiatives.
• Strong understanding of digital services and products.

Responsibilities

• Identify and manage cost savings across Digital functions.
• Evaluate existing financial processes for inefficiencies.
• Utilize data analytics to assess financial performance.

Skills

Financial analysis/reporting

Cost saving initiatives

Analytical skills

MS Excel

Problem-solving skills

Education

Business Administration

Tools

MS Teams

SharePoint

PowerPoint

Word

Job description

Job title Digital Budget & Efficiency Analyst Ref 42048 Division Digital Location Hybrid - Clearwater Court - RG1 8DB Contract type Permanent Full/Part-time Full-time Salary Between £43,000 and £48,000 per annum, depending on experience. Job grade B Closing date 22/08/2025

We are seeking a highly motivated and detail-oriented Digital Financial Efficiency Analyst to join our dynamic team.

The role requires developing and managing the relationships between many teams (internal and external) and ensuring stakeholders, third parties, and governance areas are fully informed and engaged in the financial processes and tracking activities you will oversee.

What you’ll be doing as a Digital Budget & Efficiency Analyst

• Identify, capture, and manage cost savings and optimisation opportunities and processes across Digital functions. Track and report on all initiatives with regular meetings with Digital teams and initiative owners.
• Evaluate existing financial processes, reports, and systems to identify inefficiencies and areas for improvement including with positioning and allocating costs.
• Lead initiatives to implement digital tools and technologies that streamline financial operations and improve accuracy.
• Run cost from projects: Work with Project Managers and Cost Centre Managers to identify and capture incoming costs from projects whilst working within the current project approval process framework and timescales.
• Utilize data analytics to assess financial performance, identify trends, and provide actionable insights.
• Prepare monthly and ad-hoc detailed reports and presentations for senior management, highlighting key findings and recommendations.
• For tracking and updating Opex cost centre budget forecasts in a proactive and accurate manner.

Working pattern – 36 hours Monday to Friday

What you should bring to the role

The essential criteria to help you succeed in this role is:

• Extensive experience in financial analysis / reporting, Business Administration, Budgeting, Process Improvement, or a related field.
• Experience with managing, and tracking cost saving initiatives.
• A good understanding of Digital services and products.
• Strong analytical and problem-solving skills.
• Strong proficiency in the use of MS tools - MS Excel, SharePoint, Teams, PowerPoint, Word.

Extra qualities that would be a great fit for our team:

• Proficiency in financial modelling / reporting digital transformation technologies.
• Previous Digital or water / utility industry experience.

What’s in it for you?

• Competitive salary from £43,000 to £48,000 per annum depending on experience.
• Annual Leave - 26 days holiday per year increasing to 30 with the length of service (plus bank holidays).
• Performance-related pay plan directly linked to company performance measures and targets.
• Generous Pension Scheme through AON.
• Access to lots of benefits to help you take care of you and your family’s health and wellbeing, and your finances – from annual health MOTs and access to physiotherapy and counselling, to Cycle to Work schemes, shopping vouchers and life assurance.

We’re the UK’s largest water and wastewater company, with more than 16 million customers relying on us every day to supply water for their taps and toilets. We want to build a better future for all, helping our customers, communities, people, and the planet to thrive. It’s a big job and we’ve got a long way to go, so we need help from passionate and skilled people, committed to making a difference and getting us to where we want to be in the years and decades to come.

Thames Water is a unique, rewarding, and diverse place to work, where every day you can make a difference, yet no day is the same. As part of our family, you’ll enjoy fast-tracked career opportunities, flexible working arrangements and excellent benefits.

Whether you’re interested in a role in one of our call centres or science labs, we’re looking for people like you with real passion and a burning desire to make things better.

So, if you’re looking for a sustainable and successful career where you can make a daily difference to millions of people’s lives while helping to protect the world of water for future generations, we’ll be here to support you every step of the way. Together, we can build a better future for our customers, our region and our planet.

Real purpose, real support, real opportunities. Come and join the Thames Water family. Why choose us? Learn more.

Our overarching aim is to ensure that Thames Water is great, diverse, and inclusive place to work. We welcome applications from everyone and offer extra support for those who need it throughout the recruitment process . Our aim is to remove any real or perceived barriers to success, so if you need assistance, we’re here to help and support .

When a crisis happens, we all rally around to support our customers. As part of Team Thames, you’ll have the opportunity to sign up to support our customers on the frontline as an ambassador. Full training will be given for what is undoubtedly an incredibly rewarding experience. It’s also a great opportunity to learn more about our business and meet colleagues.

Disclaimer: due to the high volume of applications we receive, we may close the advert earlier than the advertised date, so we encourage you to apply as soon as possible to avoid disappointment.