Senior Pricing Associate - Maternity Cover

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.

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. 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.

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. 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.

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. Responsibilities 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.
• 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.
• Contributing to drafting slides for project and Ofwat governance meetings.

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.

Experience required includes:

• Designing, building and working with Excel data models, as well as a good understanding of Microsoft applications including PowerBi and Fabric.
• 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.

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.

Benefits include:

• 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.
• Recognition vouchers scheme rewarding your hard work.
• Generous shared parental leave and pay supporting your family life.