Regulatory Strategy Consultant - Senior Manager
PwC’s UK Economics team is looking for an experienced regulatory strategist at Senior Manager grade to join the firm’s expanding Power & Utilities Economics and Regulation practice.
Who We Are And What We Do
We are one of the UK’s leading economics consultancies, and part of PwC's global network of economists. Our team of c.60 economists and policy specialists works alongside a wide range of clients, using economic insights to inform strategic choices, guide the development of policy and assess the impact of major investments. In the boardroom, in front of regulators and with policy makers, we develop big, distinctive ideas and important insights that are grounded in robust economic analysis. We are known for our leading‑edge analysis and thought leadership, such as our annual Women in Work Index and UK and Global Economic Outlook, which regularly feature in the UK and international media. This provides our people the chance to prepare analysis that matters and influences CEOs, governments and regulators alike.
About
We work as a core part of the firm’s strategy consulting practice. Our team combines excellent strategic understanding, strong technical skills, deep sector insights, and exceptional client management. We use the practical application of economics to develop real‑world solutions to important problems – aligned to the purpose and mission of PwC. We work on stand‑alone projects and in collaboration with our colleagues across a range of disciplines and sectors, meaning we offer a huge variety of opportunities for our people to apply their expertise in a range of exciting and different contexts. For example, in the last twelve months our team has:
* Assisted Ofwat to protect water consumers, as the regulator’s PR24 Price Review delivery partner, examining and assessing a £100bn investment programme for the current AMP8 period;
* Supported several energy networks to ensure they receive adequate funding from the regulator to deliver the continued safe and secure provision of electricity and gas to consumers;
* Led work for a large energy network to develop its regulatory strategy for the next 10 years;
* Assisted an energy system planner in ensuring its strategic planning frameworks and analytical methodologies aligned with best practice;
* Supported a large utility company in ensuring its delivery plan fully accounted for the key value levers of its regulatory regime;
* Led work for an energy retailer to assess the impacts of energy policies on customer charges.
As well as taking pride in the breadth of the work we deliver and opportunities we offer, we enjoy working as part of a diverse team. Our Economics team comprises people from 12 different countries, speaking 22 languages. As a firm, PwC is committed to building a culture that empowers all of our people to thrive and feel a sense of belonging.
Who we are looking for
We are looking for candidates with a strong background of professional experience, gained in an economic regulator, regulated company or in a consultancy. The successful applicants will need to demonstrate an ability to apply strategic thinking and economic theory in real‑world contexts. You would ideally also possess a Masters in Economics or equivalent professional experience.
The successful candidates will need to be at ease with applying a strategic and economic lens to assess business, policy and regulatory issues in the Energy and Regulated Utilities sectors, and be able to demonstrate knowledge and experience of delivering successful projects in one or more of the following areas:
* Experience in developing regulatory strategy and running regulatory negotiations;
* End‑to‑end understanding of the price review cycle;
* Design and implementation of regulatory mechanisms;
* Regulatory reporting and assurance;
* Policy development and implementation;
* Regulatory due diligence.
The ideal candidates will also be able to demonstrate an ability – with appropriate support – to play a role in the expansion of PwC’s Power & Utilities Economics and Regulation work. Similarly, candidates should also be experienced in client management and bridging the gap between technical and strategic client teams.
Whilst the successful candidates will work across a range of industrial sectors, we would be especially interested in candidates with experience in one or more of the following industries: gas and electricity networks; energy retail; renewables; and water.
Responsibilities
* Managing projects in the Power & Utilities Economics and Regulation space, including regulatory strategy development, Business Plan development and review;
* Leading key business development activity including proposal drafting and production of targeted Thought Leadership;
* Managing junior staff on projects;
* Coaching and mentoring junior staff and upskilling them to aid their progression;
* Authoring or supporting the production of reports based on client commissions;
* Providing expert advice and assistance on regulatory matters in large consultancy assignments;
* Running and supporting team tutorials on regulatory economics and strategy to benefit the whole team;
* Reviewing team work in line with PwC standards to ensure quality delivery for clients.
Essential Requirements
* Demonstrable professional experience in regulatory strategy and economics, gained from working in economic regulators, regulated companies, or in a consultancy;
* Previous relevant experience focusing on projects in one or more of the following industries: gas and electricity networks; energy retail; renewables; and water;
* Fluency in spoken and written English.
Desirable Requirements
* Masters in Economics or equivalent professional experience.
Location: London, England, United Kingdom
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