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.