Regulatory Analyst (Temporary)

Portsmouth Water; Havant; On-site; GBP 40,000 - 60,000; Full time

Job summary

Portsmouth Water is seeking a Regulatory Analyst for a 6-month fixed-term role in their Regulation Department. The successful candidate will conduct detailed analyses of Ofwat’s PR24 rulebook, develop internal reporting practices, and ensure compliance with regulatory standards. This opportunity provides a chance to be involved in the water sector's economic regulation while offering a supportive and inclusive work environment, complete with attractive benefits and flexible working arrangements.

Benefits

27 days of annual leave plus bank holidays

Generous pension scheme contributing up to 15%

Potential for a bonus of up to 6% of salary

Enhanced maternity, paternity, and adoption leave

Life assurance scheme providing a 4x salary benefit

Private Medical Insurance

Employee Assistance Programme by Bupa

Exclusive discounts at thousands of retailers

Qualifications

• Experience in developing financial models in Excel.
• Strong communication skills and team-oriented mindset.
• Good understanding of economic regulation and the periodic review process.

Responsibilities

• Conduct detailed analysis of Ofwat’s PR24 rulebook.
• Develop internal reporting processes and maintain financial models.
• Ensure compliance with Ofwat’s charging rules and regulatory reporting.

Skills

Financial modeling in Excel

Organization

Innovative approach to regulation

Communication

Team-oriented mindset

Education

Qualified accountant, economist, or equivalent

Job description

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We’re making a difference: Together, we can ensure that there is enough water for everyone, now and in the future.

Portsmouth Water is delighted to announce a temporary opportunity for a Regulatory Analyst to join our highly regarded Regulation Department on a 6-month fixed-term basis. We seek an experienced professional to lead the analysis of Ofwat’s PR24 rulebook by responding to consultations, engaging in workshops, and developing our internal reporting processes.

What will you be doing?

Key Responsibilities

• Conduct detailed analysis of Ofwat’s PR24 rulebook and associated models.
• Respond to the Ofwat rulebook consultation, identifying errors or unintended consequences in the published models.
• Assist colleagues and stakeholders in understanding the impacts of Ofwat’s PR24 rulebook.
• Identify key internal data sources and develop approaches to incorporate forecast impacts into quarterly performance reviews.
• Draft methodology statements for populating models with internal data for handover to the Finance team.
• Support development of charges models, impact analysis for new charges, and updates to NAV charges for 2026-27.
• Ensure charges are cost-reflective and compliant with Ofwat’s charging rules.
• Maintain financial and reconciliation models to track performance against Ofwat’s final determination.
• Ensure regulatory reporting aligns with Ofwat guidance.
• Verify tariffs’ compliance with price controls and underlying cost models.
• Support broader activities within the Regulation team as needed.

What do you need?

Skills, Qualifications & Competencies

• Experience in developing financial models in Excel.
• Highly organized self-starter capable of managing own workload.
• Ability to develop innovative approaches to meet complex Ofwat requirements.
• Good understanding of economic regulation and the periodic review process.
• Strong communication skills and team-oriented mindset.
• Qualified accountant, economist, or equivalent.
• Experience in the water sector or regulated industries is preferred.

We value flexible working arrangements and encourage applicants to discuss their needs during the interview process. Portsmouth Water is committed to equality, diversity, and inclusion, welcoming applications from all sections of society.

Please note, the company requires all employees to be eligible to live and work in the UK. Due to high application volumes, we may not respond to every applicant individually. If your application is shortlisted, we will contact you within 4 weeks.

What can Portsmouth Water offer you?

At Portsmouth Water, we believe in rewarding our people. Here’s what’s waiting for you:

• 27 days of annual leave plus bank holidays to relax and recharge.
• A generous pension scheme contributing up to 15%.
• Potential for a bonus of up to 6% of your salary, linked to company performance.
• Enhanced maternity, paternity, and adoption leave and pay.
• Life assurance scheme providing a 4x salary lump sum benefit.
• Private Medical Insurance and Employee Assistance Programme by Bupa for healthcare and support.
• Exclusive discounts at thousands of retailers and other benefits through PW Perks.