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For Companies At a Glance
- Tasks: Lead economic analysis and provide strategic insights for the water sector.
- Company: Join Ofwat, a key player in regulating England and Wales' water services.
- Benefits: Hybrid working, competitive salary, and opportunities for loans or secondments.
- Other info: Dynamic team with a focus on innovation and sustainability.
- Why this job: Make a real difference in the water industry while shaping economic policies.
- Qualifications: Strong background in economics and experience in regulatory environments.
The predicted salary is between 43200 - 72000 £ per year.
Join Ofwat’s RAPID & Environmental Planning Directorate as Principal Economist
*Office Location: London (E14 4HD) or Birmingham (B5 4UA) 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.
The water sector is entering a new chapter. Following the Independent Water Commission’s Final Report and subsequent White Paper – ‘New Vision for Water’, the UK government has set out a bold new direction – one that brings together expertise from across the sector to deliver better outcomes for customers and the environment.
Ofwat is working in collaboration with the government and other regulators to help establish a new body for England, combining our strengths with those of the Drinking Water Inspectorate, the Environment Agency, and Natural England. We’re also continuing to engage with the Welsh Government to support future decisions for Wales.
While these changes take shape, our mission remains the same: to hold water companies to
Principal Economist employer: Ofwat
Contact Detail:
Ofwat Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Principal Economist
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Ofwat on LinkedIn. A friendly chat can give us insights into the company culture and what they really value in a Principal Economist.
✨Tip Number 2
Prepare for the interview by brushing up on current economic trends affecting the water sector. We want to show that we’re not just knowledgeable but also passionate about making a difference in the industry.
✨Tip Number 3
Practice your STAR technique for answering behavioural questions. We need to demonstrate our problem-solving skills and how we’ve tackled challenges in previous roles, especially in economics.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Principal Economist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Principal Economist role. Highlight relevant experience and skills that match the job description. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how you can contribute to Ofwat. Keep it engaging and personal – we love to see your personality come through.
Showcase Your Analytical Skills: As a Principal Economist, analytical skills are key. In your application, provide examples of how you've used data analysis to drive decisions or solve problems. We want to see your thought process in action!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way to ensure your application gets to us directly. Plus, you'll find all the details you need about the role and our team there.
How to prepare for a job interview at Ofwat
✨Know Your Economics
As a Principal Economist, you'll need to demonstrate a solid understanding of economic principles and their application in the water sector. Brush up on relevant theories and be prepared to discuss how they relate to Ofwat's regulatory role.
✨Research Ofwat Thoroughly
Familiarise yourself with Ofwat's mission, recent initiatives, and challenges in the water industry. This will not only show your genuine interest but also help you tailor your answers to align with the organisation's goals.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your analytical skills and decision-making process. Think of examples from your past experience where you've successfully tackled complex economic issues or regulatory challenges.
✨Showcase Your Communication Skills
As a Principal Economist, you'll need to convey complex information clearly. Practice explaining economic concepts in simple terms, as you may need to present findings to non-economists within the organisation or stakeholders.