Join Ofwat’s Financial Resilience Team as a Regulatory Accountant / Financial Resilience Principal
*OfficeLocation: Birmingham (B5 4UA) or London (E14 4HD) 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. Our work has genuine significance – no other organisation does the work we do. It’s unique and meaningful: keeping our water flowing; ensuring water bills don’t cost a penny more than needed; holding water companies to account. Come and work at the source of everyday life.
The Role
We are looking for an experienced Regulatory Accountant to join our growing Financial Resilience team. You will use your experience and knowledge to contribute to our work to monitor the financial performance of the companies which we regulate, to ensure that they are complying with requirements of their licences and to challenge companies to ensure that they provide financial data in a clear and transparent way.
You will lead an area of work within the team, ensuring that we’re delivering on our strategic objectives to time and to budget, and in line with our ways of working. You will also make an important contribution to understanding and managing strategic risks and opportunities.
As a Principal, you will also have a seat at the leadership table, forming part of our wider leadership team, and will take responsibility for cracking our toughest problems to deliver our objectives. You will have a broad portfolio of issues and will take ownership of a range of specific policies and procedures, taking responsibility and accountability for their success. You will be expected to have good judgement and to exercise it across complex issues responsibly in line with our strategy and ways of working.
This role is suited to candidates with experience in regulatory accounting. However, we will also consider applicants with a more traditional accounting background who are looking to develop their skills and step into a regulatory role.
About You
Below are some of the key essential experience, skills & knowledge required for this post:
1. Strong understanding of corporate financial reporting requirements and the application of relevant accounting standards.
2. Experience of analysing and interpreting financial information presented by companies.
3. Educated to degree level, accounting qualification or equivalent experience.
4. Knowledge of corporate and group structures, how companies raise finance, the types of finance that are available to them and the relevant commercial issues.
5. Experience of leading work streams or projects within a complex programme, including planning, prioritisation, tracking and reporting progress.
6. Ability to draw conclusions from financial data and to present options and recommendations to senior management.
7. Experience of building effective relationships with senior staff and external stakeholders and identifying and facilitating linkages between projects and work streams.
8. Excellent oral and written communication skills, including the ability to write high quality documents and to communicate complex analysis and issues to non-technical audiences.
9. Able to produce high quality analysis to tight timescales, while managing competing priorities.
Why You Should Join Us:
* Meaningful Impact: You will be joining a team with a sense of mission at its core aiming to build a lasting legacy for future generations by securing our long-term water resilience.
* 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 London or Birmingham offices.
* Fantastic employer pension contribution of nearly 30%.
* 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.
Closing date: 23.55 on 13 April 2025
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