Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Manage and develop regulatory financial models to ensure compliance and efficiency.
- Company: Join Portsmouth Water, dedicated to providing sustainable water solutions for everyone.
- Benefits: Enjoy flexible working arrangements and a commitment to equality and diversity.
- Why this job: Make a real impact on water sustainability while developing your financial expertise.
- Qualifications: Experience in financial modeling, strong communication skills, and relevant qualifications required.
- Other info: We welcome applicants from all backgrounds and encourage you to discuss your flexibility needs.
The predicted salary is between 36000 - 60000 £ per year.
We’re making a difference: Together, we can ensure that there is enough water for everyone, now and in the future.
Portsmouth Water is seeking a dedicated Regulatory Finance Analyst to play a key role in managing and developing its regulatory financial framework. This role offers the opportunity to own, develop, and maintain the company’s regulatory financial model, ensuring compliance and efficiency. The successful candidate will be responsible for managing Ofwat incentive and reconciliation models, tracking performance against the PR24 regulatory settlement, and overseeing the financial aspects of the PR29 business plan. Additionally, they will support the production of Regulatory Accounts and Tariff Development, contributing to the company’s long-term financial strategy.
What will you be doing?
Key Responsibilities
- Development of the model to reflect the PR24 regulatory determination.
- Quarterly updates of the PWL regulatory financial model to align with the quarterly budget cycle.
- Ad hoc analysis to support regulatory submissions, shareholder requirements, and financing events.
- Develop an expert understanding of Ofwat’s suite of reconciliation and incentive models for the 2025-2030 regulatory period.
- Update all reconciliation models quarterly to align with the budget cycle.
- Develop and maintain a dashboard for management reporting of the impacts.
- Produce regulatory financial statements with appropriate adjustments from statutory accounts.
- Complete relevant financial tables for the Annual Performance Report (APR) in compliance with Ofwat guidelines.
- Lead on key financial aspects of the five-year business plan, including population of the Ofwat financial model.
- Complete the expenditure tables for the business plan, controlling allocation/recharges between price controls.
What do you need?
Skills, Qualifications & Competencies
- Experience of developing financial models in Excel.
- Highly organised self-starter able to manage own workload.
- Ability to develop new approaches to meet complex and evolving Ofwat requirements.
- Good understanding of economic regulation and the periodic review process.
- Good communication skills and a team player able who can work across the organisation.
- Qualified accountant, economist or equivalent.
- Relevant qualification to degree level or equivalent.
- Experience of the water sector and/or regulated businesses.
We recognise people want to work in a variety of different ways, this means we are happy to consider flexible working arrangements. Please talk to us at the interview about the flexibility you may want.
We support equality, diversity and inclusion and encourage applications from all sections of society. The Company has a responsibility to ensure that all employees are eligible to work and live in the UK.
Due to the high volume of applications received we are unable to respond to unsuccessful candidates. If your application is of interest to us, we will normally contact you within 4 weeks of receiving your application.
#J-18808-Ljbffr
Regulatory Finance Analyst employer: Portsmouth Water
Contact Detail:
Portsmouth Water Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regulatory Finance Analyst
✨Tip Number 1
Familiarize yourself with Ofwat's regulatory framework and the specific requirements for the PR24 and PR29 periods. Understanding these regulations will help you demonstrate your expertise during the interview.
✨Tip Number 2
Showcase your experience in developing financial models, particularly in Excel. Be prepared to discuss specific examples of how you've created or updated financial models in previous roles.
✨Tip Number 3
Highlight your ability to work collaboratively across teams. Since this role involves communication with various departments, be ready to share instances where you've successfully worked in a team environment.
✨Tip Number 4
Prepare to discuss your understanding of economic regulation and the periodic review process. This knowledge will be crucial in demonstrating your fit for the role and your ability to contribute to the company's long-term financial strategy.
We think you need these skills to ace Regulatory Finance Analyst
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Regulatory Finance Analyst position. Understand the key responsibilities and required skills, especially those related to financial modeling and regulatory compliance.
Tailor Your CV: Customize your CV to highlight relevant experience in developing financial models, working with regulatory frameworks, and any previous roles in the water sector or regulated businesses. Use specific examples that demonstrate your skills.
Craft a Strong Cover Letter: Write a cover letter that connects your background and skills to the specific requirements of the role. Emphasize your understanding of Ofwat's regulations and your ability to manage complex financial models.
Proofread Your Application: Before submitting, carefully proofread your application materials for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at Portsmouth Water
✨Showcase Your Financial Modelling Skills
Be prepared to discuss your experience with developing financial models in Excel. Bring examples of past projects where you successfully created or updated financial models, especially in a regulatory context.
✨Understand Ofwat's Requirements
Familiarize yourself with Ofwat’s reconciliation and incentive models. Demonstrating a solid understanding of these frameworks will show that you are ready to tackle the challenges of the role.
✨Highlight Your Organisational Skills
As a highly organised self-starter, be ready to explain how you manage your workload effectively. Share specific strategies or tools you use to stay on top of multiple tasks and deadlines.
✨Communicate Your Team Player Attitude
Since this role requires collaboration across the organisation, prepare to discuss examples of how you've worked successfully in teams. Highlight your communication skills and how they contribute to achieving common goals.
