At a Glance
- Tasks: Contribute to modelling processes and ensure accurate delivery of regulatory commitments.
- Company: Join Ofwat, the Water Services Regulation Authority, shaping the future of water.
- Benefits: Flexible hybrid working, competitive salary, generous leave, and professional development opportunities.
- Other info: Enjoy a supportive culture with opportunities for growth and collaboration.
- Why this job: Make a real impact on water regulation and customer outcomes in a dynamic environment.
- Qualifications: Experience with Excel data models and understanding of price review processes required.
The predicted salary is between 40024 - 50000 £ per year.
Read all the information about this opportunity carefully, then use the application button below to send your CV and application.
Position type: Fixed Term
Job reference: 470738
Location: Birmingham (B5 4UA) or London (E14 4HD) based with hybrid working
Salary: £40,024 - £50,000
Closing date: Sunday 26th July 2026 at 23:55
Join Ofwat's Price Review Directorate as an In period ODI and Price Review Modelling Senior Associate. We have 1 Fixed Term contract until the end of December 2027 available.
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. The water sector is entering a new chapter. The government has set out a bold new direction, bringing together expertise from across the sector to deliver better outcomes for customers and the environment. We are collaborating with fellow regulators to respond to recommendations in The Independent Water Commission Report, the Welsh Government's response to the Green Paper, Shaping the Future of Water Governance in Wales, and the Government's White Paper, A new vision for water. Ofwat is working with the government and other regulators to help create a new body for England, bringing together our strengths with those of the Drinking Water Inspectorate, the Environment Agency and Natural England. We are also continuing to work with the Welsh Government to support decisions on the future arrangements for Wales. While these changes take shape, our mission remains the same: to hold water companies to account, drive performance, and ensure the sector delivers real value for customers, communities, and the environment. If you're passionate about making a difference, this is a unique moment to join us and help shape the future of water, and together we can continue to make a positive impact.
The Role
The senior associate in-period outcome delivery incentives (ODI) and price review modelling will make an important and valuable contribution to enable us to deliver on our goals and regulatory commitments. This is a multi-faceted role. The postholder will be expected to make a significant contribution performing modelling processes across the in-period ODIs, cost change and PR24 reconciliation policy areas. Where required, the postholder may be expected to assist with modelling in areas of the price review.
Key deliverables:
- You will work closely with the principal, in-period ODIs PR24 to ensure that the in-period ODI determinations, cost change determinations and PR24 reconciliations are delivered accurately, effectively and on time.
- Your responsibilities will include:
- Building / amending, running and quality assuring reconciliation models;
- Ensuring that agreed policy interventions are accurately reflected in our models;
- Assisting with planning and preparation as well as monitoring and tracking the delivery of modelling processes;
- Contributing to the drafting of in-period determination publications;
- Leading on specific areas of policy within the in-period ODIs modelling area;
- Liaising with teams to obtain the inputs needed to run the in-period adjustments models including the cost change team, C-MeX, D-MeX and BR-MeX teams and risk and return team (for inflation and tax assumptions);
- Designing and carrying out appropriate quality assurance processes for modelling;
- Working with the data management team to ensure models are linked to the Ocean Fabric database;
- Preparing models for publication in accordance with the required publication checklist and liaising with publications team to ensure they are published on time;
- Deputising for the principal, in-period ODIs PR24 when they are on leave to support continued modelling work;
- Contribute to drafting slides for project and Ofwat governance meetings;
- Presenting findings and recommendations to senior stakeholders on assigned areas to obtain the required modelling decisions.
Another key part of your role will be to support the principal, in-period ODIs PR24 in ensuring that the Water Company Performance Report Team (WCPR) uses consistent ODI data and to help develop policy and processes for the PR29 and 2029-30 blind year reconciliations.
About You
Below are some of the key essential experience, skills & knowledge required for this post:
- Lead criterion: Experience of designing, building and working with Excel data models, as well as a good understanding of Microsoft applications including PowerBi and Fabric.
- Graduate qualification and/or equivalent professional experience relevant to the role discipline.
- Proven experience of a process/es that involve(s) the coordination and delivery of multiple complex models, with appropriate quality assurance and to tight timescales.
- A good understanding of how outcomes frameworks, performance commitments and ODI are used to incentivize companies to deliver more for customers and the environment.
- Experience of price reviews and a good understanding of price review modelling processes.
Why You Should Join Us
- People Centric: Our people are at the heart of Ofwat and everything we do - we ensure all voices are heard and treat each other with respect; you'll be given the autonomy and the support to do your role in the best way.
- Innovative Work Environment: We embrace agile and new ways of working and have a culture built on trust, flexibility, and collaboration.
- Development Opportunities: Gain valuable experience and develop your skills in a supportive and dynamic setting.
- Work-Life Balance: Enjoy the flexibility of working from home combined with the benefits of in person collaboration in our Birmingham and London offices.
- Good employer pension contributions.
- 25 days' annual leave, increasing to 30 with each year of service, plus bank holidays and an extra 2.5 days of privilege leave.
- Access to exclusive discounts on a variety of goods and services, including retail outlets, theatre tickets, holidays, insurance, and a gym membership.
- Fees paid for membership of relevant professional bodies.
- Up to 3 volunteering days per year.
- Recognition vouchers scheme rewarding your hard work.
- Generous shared parental leave and pay supporting your family life.
Follow the link to apply for full details about the role. Please ensure you have submitted your application in full before the below deadline.
Closing date: 23.55 on 26 July 2026
In period ODI and Price Review Modelling Senior Associate employer: MindMatch
Selwood Housing is an exceptional employer that prioritises the growth and development of its employees, offering a supportive team environment where collaboration and knowledge sharing are key. With a commitment to inclusivity and a range of benefits including competitive salaries, flexible working opportunities, and ongoing training, you will not only gain hands-on experience as an Apprentice Electrician but also build a rewarding career in a respected trade within a growing not-for-profit organisation dedicated to providing affordable housing in the Southwest.
StudySmarter Expert Advice🤫
We think this is how you could land In period ODI and Price Review Modelling Senior Associate
✨Tap into Consulting Networks
Get active in local management consulting networks and organisations. Attend meetups, workshops, or webinars specific to consulting where you can connect with professionals who may know of temporary roles opening up at places like MindMatch. Don’t underestimate word-of-mouth – it’s massive in our field!
✨Show Off Your Skills in Real-Time
As a temporary hire, you need to demonstrate your value quickly. Consider creating a mini-case study or analysis relevant to the industry and share it on platforms like LinkedIn or even during networking events. This can be an impressive way to showcase your analytical skills and problem-solving prowess – just what consulting firms are looking for!
✨Check for Temporary Roles on Niche Job Boards
Look for temporary roles on specialised job boards for consulting gigs rather than just generic platforms. Websites like Consultancy.uk or even the Careers pages of major firms could have short-term projects or roles that are perfect for you to jump in at MindMatch.
✨Leverage University and Alumni Resources
If you’re fresh out of uni or connected with a local institution, take advantage of their career services and alumni networks. Many universities have exclusive connections to consulting firms seeking temporary help. Plus, it’s a great way to meet other aspiring consultants who might share leads about opportunities at MindMatch.
We think you need these skills to ace In period ODI and Price Review Modelling Senior Associate
Some tips for your application 🫡
Showcase Your Analytical Skills:In management consulting, employers love to see your problem-solving abilities right from the get-go. Be sure to highlight any relevant analytical projects you've worked on, particularly those that show how you tackled complex problems. If you’ve done any case studies or analysis during your studies, throw those in your CV!
Tailor Your Experience for the Role:Since this is a temporary position, your application should reflect your adaptability and relevant experience quite clearly. Focus on showcasing experiences that demonstrate your ability to hit the ground running, like previous projects, internships, or freelance gigs in consulting or project management.
Craft a Targeted Cover Letter:Your cover letter is your chance to sparkle! Use it to explain why you're interested in this temporary role at MindMatch and how your skills suit the specific project needs. Remember to mention how you can provide immediate value based on your past experiences.
Include Certifications or Relevant Training:If you've got any certifications like PMP, Six Sigma, or even coursework that’s super relevant, make sure to list those in your application. Management consulting can be competitive, and these extra qualifications can help you stand out in the recruitment process.
How to prepare for a job interview at MindMatch
✨Prepare for Case Studies
In management consulting, case study interviews are a big deal. Expect to tackle real-world business problems on the spot. We should practise structuring our thoughts, developing hypotheses, and presenting our solutions clearly, as this is what firms like MindMatch will want to see.
✨Show Off Your Problem-Solving Skills
You’ll need to demonstrate strong analytical skills and logical reasoning. Brush up on frameworks like SWOT or Porter's Five Forces, as these can come in handy. Think of instances from your experience where you tackled a complex issue—this could set you apart when speaking to MindMatch.
✨Highlight Your Adaptability
Since this is a temporary role, it's crucial we showcase our ability to hit the ground running. Have examples ready that illustrate how we've adapted quickly in past positions or projects. This shows that we can contribute effectively from day one at MindMatch.
✨Be Ready to Discuss Cultural Fit
Temporary roles often come with a focus on team dynamics. Prepare to discuss how we align with the values and culture at MindMatch. We want to highlight our teamwork experiences and how we can mesh with their consulting teams, making it clear that we're not just looking to fill a spot but to add value.
