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For Companies At a Glance
- Tasks: Analyse financial data and support decision-making in the water sector.
- Company: Ofwat regulates the water industry, ensuring fair pricing and accountability.
- Benefits: Enjoy hybrid working, competitive salary, and a meaningful impact on society.
- Why this job: Join a unique team making a real difference in everyday life.
- Qualifications: A background in economics or finance is essential; analytical skills are a plus.
- Other info: Office locations in Birmingham or London with flexible working options.
The predicted salary is between 28800 - 48000 £ per year.
Join Ofwat's Risk and Return Team as a Financial Economist.
Office Location: Birmingham (B5 4UA) or London (E14 4HD) with hybrid working.
About Us
We are Ofwat, the Water Services Regulation Authority, a non-ministerial government department responsible for regulating the water sector in England and Wales. Our work has genuine significance; no other organisation does the work we do. It's unique and meaningful: keeping our water flowing; ensuring water bills don't cost a penny more than needed; holding water companies to account. Come and work at the source of everyday life.
The Role
We are looking for a Financial Economist to join our Risk and Return team. You will initially join the Allowed return on capital workstream, supporting work concerning the allowed return on equity.
In February several companies asked us to refer our PR24 determinations to the Competition and Markets Authority (CMA) for a redetermination, a process that could potentially last until March 202...
Financial Economist employer: Click To Hired
Contact Detail:
Click To Hired Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Economist
✨Tip Number 1
Familiarise yourself with Ofwat's recent reports and publications. Understanding their current projects and priorities will help you demonstrate your knowledge during any discussions or interviews.
✨Tip Number 2
Network with professionals in the water regulation sector. Attend industry events or webinars to connect with current employees or others in similar roles, as they can provide valuable insights and potentially refer you.
✨Tip Number 3
Stay updated on economic trends affecting the water sector. Being able to discuss how these trends impact financial decisions will show your expertise and interest in the role.
✨Tip Number 4
Prepare thoughtful questions about Ofwat's approach to risk and return. This not only shows your enthusiasm for the position but also your critical thinking skills regarding the challenges they face.
We think you need these skills to ace Financial Economist
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to grasp the responsibilities and requirements of the Financial Economist position. Tailor your application to highlight how your skills and experiences align with the specific tasks mentioned.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience in financial analysis, economic modelling, or regulatory frameworks. Use specific examples that demonstrate your expertise in these areas.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your passion for the water sector and the importance of regulation. Make sure to convey why you want to work for Ofwat specifically.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for a role in financial economics.
How to prepare for a job interview at Click To Hired
✨Understand Ofwat's Role
Make sure you have a solid grasp of Ofwat's responsibilities and how they impact the water sector. Familiarise yourself with their recent initiatives and challenges, especially regarding the allowed return on capital and equity.
✨Showcase Your Analytical Skills
As a Financial Economist, your analytical abilities are crucial. Be prepared to discuss specific examples of how you've used data analysis to inform financial decisions or economic assessments in previous roles.
✨Prepare for Technical Questions
Expect technical questions related to financial economics, regulatory frameworks, and risk assessment. Brush up on relevant theories and be ready to apply them to real-world scenarios that Ofwat might face.
✨Demonstrate Your Communication Skills
Effective communication is key in this role. Practice explaining complex financial concepts in simple terms, as you may need to present findings to stakeholders who aren't experts in economics.
