Economic Regulation Analyst

Tideway

London, SE1

Ref: REQ00049

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Tideway is a new company, launched in August 2015, with one task: delivering a new tunnel to protect the tidal River Thames from the tens of millions of tonnes of sewage pollution discharged into it every year, via overflow points built into the capital’s overstretched, largely Victorian sewerage network. The Thames Tideway Tunnel is one of the largest construction projects of its type in Europe. But it’s not just an engineering project, it’s about building a London that meets the needs of generations to come. We want to reconnect London with its river. Together we can clean up the Thames and so much more.

We currently have an exciting opportunity for a Economic Regulation Analyst to join the Strategy and Regulation team. The team plays a key role in the business. We manage the company’s relationship with Ofwat and Government, lead the process of calculating and collecting Tideway’s revenue, oversee the approach to regulatory reports such as the annual accounts and performance report, and ensure compliance with our licence. We also manage Tideway’s business planning and performance review process and manage monthly reporting to the Board.

The Economic Regulation Analyst will be involved in a wide range of the team’s activities including:

- engagement with Ofwat, Government and other stakeholders;

- monitoring external developments;

- reviewing regulatory policy;

- calculating allowed revenue and managing revenue collection; and

- ensuring compliance with Tideway’s obligations.

This role involves taking the lead in some of these areas, providing the opportunity to gain or extend experience in managing workstreams. Every team member has significant exposure to Tideway’s executive team, as well as the opportunity to use and develop a range of research, analysis and communication skills.

As a large project, Tideway constantly faces new challenges, meaning that our approach must evolve to meet them. This post will provide the right candidate with experience of all aspects of a company with a unique regulatory set up, together with the chance to help shape and deliver Tideway’s regulatory strategy.

The vacancy is for a fixed period of 12 months.

The Role

Responsibilities for this role will include:

Revenue

  • Project managing monthly revenue collection process.
  • Project managing annual update of Allowed Revenue model and submission to Ofwat.

Reviewing regulatory policy

  • Monitoring and reviewing aspects of the regulatory and political environment and producing internal briefings as required.
  • Drafting consultation responses.

Stakeholder liaison

  • Day-to-day management of contract with Tideway’s Independent Technical Assessor (ITA).
  • Secretariat for Liaison Committee (senior-level project governance body including Tideway, Thames Water, Ofwat, Environment Agency, Defra and the Infrastructure Projects Authority).

Shaping and delivering Tideway’s regulatory strategy

  • Contributing to discussions on regulatory strategy.
  • Preparing presentations and briefings to communicate our approach to internal and external stakeholders.
  • Helping to support, manage and improve the team’s regular processes (for example in relation to management of regulatory costs and compliance with Tideway’s licence).
  • Supporting reporting activities including those in relation to Tideway’s Annual Report.

The candidate

The ideal candidate will have the following skills and experience:

  • Experience of working in a regulated industry, or a well-developed understanding of such industries;
  • An understanding of economic regulation;
  • Experience of carrying out research and presenting findings clearly;
  • The ability to produce well-written and well-structured reports;
  • Experienced in juggling competing priorities and working to deadlines;
  • Team player – enjoys working collaboratively within the team and across the organisation, including shaping and developing the team’s activities;
  • A proactive working style and willingness to challenge established practices; and
  • Experience of developing and using complex models using excel

Education and qualifications

  • Bachelor’s or Master’s degree in an analytical subject, for example (but not limited to) economics, business studies or law, or significant relevant work experience.

What we will offer you

  • Private Medical Insurance
  • Bonu
  • Matched Pension Scheme
  • 30 days leave
  • 5 days of paid volunteering
  • Life Insurance
  • Season Ticket Loan
  • Health checks

How to apply

To apply for this role, please upload a CV and short covering letter (1 side of A4).

Closing date: Tuesday 22nd October


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