Regulatory Finance Manager
South West Water
Lead regulatory finance reporting and advisory for water utilities.
23 days ago ago
£48,000 - £55,000
Expert & Leadership (13+ years), Experienced (8-12 years)
Full Time
Exeter, England, United Kingdom
Hybrid
Company Size
2,000 Employees
Service Specialisms
Building and development
Water supply
Sewerage services
New connections
Developer Services
Self‑Lay Provider support
Pre‑development services
Standpipe hire
Sector Specialisms
Drinking Water Services
Wastewater Services
Role
What you would be doing
regulatory reporting
performance reporting
price review
model updating
data management
financial modelling
- Communicate and act upon regulatory developments from Ofwat, regulators in the infrastructure space and peer Company performance and strategy to ensure the Company can respond proactively and in a timely manner
- Lead on the delivery of annual performance report (including but not limited to the APR document and tables) to a high standard, reporting financial and operational outcomes
- Operate as a key member of the Price Review Programme contributing to regulatory and finance strategies designed to influence Ofwat policy and yield the best outcome for the company from price control decisions
- Produce the regulatory Group’s RoRE and RCV metric quarterly and for the APR
- Develop an expert understanding of Ofwat’s suite of reconciliation and incentive models for the 2025-2030 regulatory period
- Lead on the update of reconciliation models quarterly to align with the budget cycle
- Support the Financial and regulatory modelling lead in the development of the Ofwat Financial model to reflect the PR24 regulatory determination
- Managing the delivery of our Price Review tables (for the three regions, South West, Bristol and Sutton and East Surrey), including but not limited to, the data hosting platform SharePoint, the approval software DocuSign, and c.120 data table owners/senior manager/directors for c.250k data points
- Work closely with the key business streams to ensure robust and well-informed approaches are taken to decision making and how this is reflected across price controls, adapting to changes in Ofwat regulatory policy or accounting guidelines as necessary
- Managing the collation, monitoring and audit of Financial Control Operating Requirements across the business
- Stakeholder engagement and management for reporting requirements, including but not limited to External auditors, Regulators, key Senior Management and Director and Designers
- To assist the strategic planning team with budgets to make sure that the budgets align with the final determinations and be able to advise on the impact of under/overspend of different funding streams and expenditure type.
- 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 the support of the population of the Ofwat financial model and drafting responses to relevant consultations
What you bring
water regulatory
aca
senior regulatory
financial reporting
analytical
stakeholder communication
- Strong written and verbal communication skills, with the ability to influence senior stakeholders and present compelling business cases
- Being an expert in the Water Regulatory subject matter to be able to provide technical advice to the business (Regulatory Accounting Guidelines, economic regulatory issues)
- Effective contributor within cross-functional management teams
- To be able to communicate the impact to the business of overspending/not completing project on time, including the impact on revenue, performance, and customer bills
- ACA, ACCA, CIMA qualified (or equivalent)
- Sound financial reporting and budgeting knowledge, with well-developed analytical and critical thinking skills
- Proven ability to lead through significant change, improving financial controls, procedures, and management information
- Senior-level experience in regulatory environments (corporate, regulator, or advisory), with the ability to translate complex financial or regulatory information for non-specialists
- Enjoy access to thousands of deals and discounts on supermarkets, online retailer, travel, eating out, cinema, gyms and more through Perkbox
- Enjoy free eye tests and discounts on frames and lenses at Specsavers
- In return, we offer an excellent range of benefits including:
- Competitive Contributory Pension
- Take up to 26 weeks’ additional maternity leave
- A discretionary company bonus
- Invest in Pennon through our employee Sharesave scheme
- Shared parental leave
- Look after your wellbeing through our Champion Health support platform
- We know that the support and commitment of our staff is key to our success so you will receive the opportunity for ongoing support and development for a long-term career with us. We’re one of the largest companies in the South West and are proud to have been awarded Investors in People recognition
- Generous holiday allowance plus bank holidays, with an option to buy / sell leave offering you extra flexibility
Information not given or found
Interview process
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Visa SponsorshipInformation not given or found
Security clearanceInformation not given or found
Company
Overview
30 Years
Experience in Water Services
The company has extensive experience providing water services to the region.
2,000 Employees
Dedicated Staff
The company employs a large team to deliver vital water services.
1.6M People
Serving the Community
The company plays a vital role in managing the water supply for over 1.6 million people across multiple regions.
- South West Water is a leading provider of water and wastewater services, covering Cornwall, Devon, and parts of Dorset.
- The company is known for pioneering innovation in water treatment and sustainability efforts across its service regions.
- Specializes in providing clean, safe water and efficient wastewater treatment to both residential and commercial customers.
- Committed to ensuring the highest standards of water quality and environmental stewardship in all its operations.
- One of the standout projects includes the upgrade of wastewater treatment facilities to meet growing demand and environmental standards.
- South West Water's operations span a variety of sectors, including residential, commercial, and industrial water services.
- Trusted
- Collaborative
- Responsible
- Progressive
100k tonnes CO₂
Operational carbon emissions target
The company aims to achieve net zero by 2030 by reducing operational carbon emissions by up to 100,000 tonnes of CO₂.
100%
Electric vehicle fleet
The company operates a 100% electric car and van fleet, contributing to reduced emissions.
250k trees
Tree planting initiative
The company plans to plant 250,000 trees by 2025 to support reforestation and carbon sequestration.
£2.5B investment
Sustainability investment
The company has committed £2.5 billion from 2025–2030 for storm overflow reduction, nutrient pollution prevention, and biodiversity conservation.
- Biogas capture from wastewater treatment and use for vehicle fuel or grid injection
- Hydro-electric generation at Mary Tavy, solar PV and wind on-site
- Reducing leaks by 15%
- Restoring peatland to store carbon and enhance biodiversity
- Since 2019, nature-based solutions include managing 126,733 ha land, restoring 3,907 ha peatland
30%
Gender Diversity Target
Committed to increasing gender diversity in boardrooms and business leadership.
10k Interns
Black Internship Initiative
Supporting the 10,000 Black Interns initiative to expand career opportunities.
- Disability Confident employer
- Women’s Network, LGBTQ+ Network, and other employee networks influencing business direction
- Mental Health Awareness Month, Black History Month, and guest‑speaker events hosted
- Company‑wide statement: “Be Rock Solid – Build trust and be trusted”; “Be You – bring your best… make your mark”; “Be the Future – Embrace change. Drive Progress. Own the challenge.”
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