Department:
Strategy & Regulation Salary (£): £, Graduate Strategy & Regulation- Economist
LET’S CUT STRAIGHT TO IT
At Severn Trent, we believe everyone deserves more. More care for the environment, more sustainable initiatives, and more support for the communities we serve. That's why we're on a mission to deliver bigger and better things, and we need passionate graduates like you to help us achieve our goals.
Our people and culture are the heart of our success. We're proud to be in the top % of utility companies worldwide for employee engagement and ranked as a Top UK Employer on Glassdoor. With nearly, dedicated colleagues, we're looking for more brilliant people who are eager to turn challenges into opportunities for a better future.
If you're excited to learn, and ready to make a real impact, we want you on our team.
LET’S TELL YOU MORE
Our Graduate Programme offers the perfect blend of personal and professional development, exposing you to both the mechanics of how a regulated business works, but also its future strategic direction and how we can think innovatively to develop compelling strategies.
The programme comprises of x -month placements across Economic Regulation and related teams, which you will have the opportunity to shape. Each placement will give you a real insight into our business and provide you the opportunity to learn about our strategic and regulatory agendas. You will work on a range of projects, which will help address real life challenges and projects and help drive tangible change.
You will learn how we:
1. Develop, manage, and deliver our five‑year business plans within the regulatory framework
2. Assess regulatory impacts, and advise on policy decisions that shape the future of the water industry
3. Influence business strategy and long‑term planning
The programme aims to give you the necessary skills to become future leaders within Economic Regulation and related teams. Furthermore, the programme is designed to enhance your critical thinking, leadership, and strategic thinking, as well as giving you the opportunity to showcase your creativity and really add value in shaping our future direction. You’ll also gain experience across our whole group, including our regulated and non-regulated businesses.
We welcome all graduates from diverse backgrounds, as we know diverse minds bring new ideas and a different way of thinking. We are looking for someone who wants to build their career with us and grasp new opportunities, and in return we will support you with varied experiences, training and development to provide a grounding for your future career.
HOW WILL THE PROGRAMME WORK?
You will be based at Severn Trent Headquarters in Coventry, the heart of our patch. The programme requires you to complete placements throughout your time in the role, gaining exposure in different areas of the department so that you are equipped with the right skills to build your career here at Severn Trent.
In this exciting programme, you will have the chance to discuss your development and career ambitions in your - meetings with business leads, mentors, a study buddy, the cohort leader, and the New Talent Team.
WHAT YOU WILL LEARN
You will expand your knowledge of project and people management, including learning how to effectively manage and influence stakeholders. You’ll also gain a strong business and commercial acumen, developing your ability to plan strategically with time, cost, and quality in mind, and how to deliver this message successfully to a range of stakeholders.
You’ll gain a deeper understanding of why we deliver with our customers at the heart of what we do and how we make sure we communicate this message across our communities.
You will learn the following either directly from placements, or through supplementary training or project work:
People:
4. Engagement with many different stakeholders across our departments from technical experts through to senior leaders, such as programme sponsors and directors
5. Working with multi-disciplinary teams across our business, gaining an understanding of and contributing to cultural and behavioural change.
6. Management of people through project management and direct line management.
Customer:
7. An important role on projects with a customer experience focus
8. Customer insight/market research skills
9. Customer engagement methods including the ability to communicate complex concepts effectively to customers
Project:
10. Project lifecycle exposure
11. Informal project management that demonstrates PM skills required
12. Understanding of stakeholder management within projects and understanding of project tools
Commercial:
13. Understanding of the regulatory environment in water and Severn Trent’s funding model
14. Understanding of wider macroeconomic, environmental and political factors impacting the water industry
15. Business planning and strategic planning skills to influence outcomes that balance efficiency, sustainability, and customer interests.
Regulatory Economics and Policy
16. Practical application of micro, macro and regulatory economics
17. Gaining expertise in markets and competition policy
18. Practical application of econometrics and regulatory financial and tariff modelling
19. Cost benefit analysis techniques
20. Working knowledge of programmes such as STATA/Excel
21. Research and analytical skills
WHAT WE ARE LOOKING FOR
We want our employees to care and to have a genuine passion for what we do as a business. We need people who want to make a difference in providing a vital service to our customers, now and for the long-term.
If you have the passion to succeed that we see in our graduates every day, you’ll be a great match for our programme. We’d love you to be someone with:
22. A ‘can do’ attitude – willing to get stuck in, take accountability for decisions and actions and who takes pride in their work
23. A love of variety in a role and ability to adapt to a dynamic, fast-paced working environment
24. Ability to quickly prioritise tasks and the initiative to dive head-first into problem solving.
25. Excellent communication and collaboration skills and enjoy working with multiple teams
26. Ability to analyse and interpret information and effectively communicate this to different team members and audiences
27. Curiosity to learn quickly in a reactive and dynamic working environment
ABOUT THE PROGRAMME
Our New Talent Team will guide you and support you every step of the way. Furthermore, your line manager, mentor and graduate buddy will be there to help you in making sure you reach your full potential here at Severn Trent.
Location: Severn Trent Headquarters, Coventry, CV LZ
Programme Duration: months
Starting Salary: £,
Entry Criteria: We are looking for individuals with a strong analytical mindset and a genuine interest in economics, econometrics and economic regulation. However, a degree in Economics is not essential and we welcome applications from a broad range of relevant academic backgrounds.
Driving Requirements: There are no driving requirements for this role.
HOW WE’LL REWARD AND CARE FOR YOU IN RETURN
It’s not just a job you’ll get here; you’ll get a career too. We have a range of benefits that reward and recognise great work and award-winning training to ensure you reach your potential. And we’ll also help you play your part in looking after the environment and the community in which we live.
Here are some of our favourites:
28. days holiday + bank holidays (and the ability to buy/ sell up to days per year)
29. Annual bonus scheme (of up to £, which is subject to eligibility)
30. Leading pension scheme – we will double your contribution (up to % when you contribute ;
31. Sharesave – the chance to buy Severn Trent Plc shares at a discounted rate
32. Dedicated training and development with our Academy
33. Electric vehicle scheme and retail offers
34. Family friendly policies
35. Two paid volunteering days per year
As if that isn’t enough, you’ll receive an annual salary increase whilst you’re on programme and you’ll also get an increase when you move into your first job.
DIVERSITY AND INCLUSION
At Severn Trent we are passionate about our people. We want to make sure that we continue to foster a more diverse, inclusive, and cohesive culture that represents the communities and customers we serve. We’re making sure we keep up the progress with our wonderful working groups – LGBTQ+, Women in Operations & STEM, Disability and Ethnicity, who help us with our commitments. Find out more about at Severn Trent.
LET’S GO
Apply now to build an amazing career and be part of a brilliant team. We can’t wait to hear from you.
36. Roles close on th January at Midday (pm)
37. Check your diary – face to face assessments will run from through February and March
38. Estimated start date- September
To find out more about working with us, search LifeatSevernTrent on social media.
In accordance with Home Office guidance successful candidates will be required to evidence their right to work in the UK before commencement of employment. We have assessed this programme and do not consider that we would be able to sponsor a successful candidate under the Skilled Worker route as the role does not meet the relevant Home Office criteria; the successful candidate must be able therefore to demonstrate right to work without Severn Trent sponsorship.