Join Ofwat’s Risk and Return Team as a Financial Economist
*Office Location: 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 a Financial Economist to join our Risk and Return team. You will initially join the Allowed return on capital workstream, supporting work concerning the allowed return on equity.
In February several companies asked us to refer our PR24 determinations to the Competition and Markets Authority (CMA) for a redetermination, a process that could potentially last until March 2026. All companies have challenged our approach to setting the allowed return on equity. The successful candidate will therefore initially support Ofwat in making representations to the CMA to support our position, responding to its enquiries, and in considering its redetermined proposals.
The role will be impactful. The allowed return is responsible for ...