Job Description

We are seeking a highly motivated and detail-oriented Digital Financial Efficiency Analyst to join our dynamic team.



The role requires developing and managing the relationships between many teams (internal and external) and ensuring stakeholders, third parties, and governance areas are fully informed and engaged in the financial processes and tracking activities you will oversee.

What you'll be doing as a Digital Budget & Efficiency Analyst

Identify, capture, and manage cost savings and optimisation opportunities and processes across Digital functions. Track and report on all initiatives with regular meetings with Digital teams and initiative owners. Evaluate existing financial processes, reports, and systems to identify inefficiencies and areas for improvement including with positioning and allocating costs. Lead initiatives to implement digital tools and technologies that streamline financial operations and improve accuracy. Run cost from projects: Work with Project Managers and Cost Centre Managers to identify and capture incoming costs from projects whilst working within the current project approval process framework and timescales. Utilize data analytics to assess financial performance, identify trends, and provide actionable insights. Prepare monthly and ad-hoc detailed reports and presentations for senior management, highlighting key findings and recommendations. For tracking and updating Opex cost centre budget forecasts in a proactive and accurate manner.

Base location - Hybrid - Clear Water Court Reading



Working pattern - 36 hours Monday to Friday

What you should bring to the role

The essential criteria to help you succeed in this role is:


Extensive experience in financial analysis / reporting, Business Administration, Budgeting, Process Improvement, or a related field. Experience with managing, and tracking cost saving initiatives. A good understanding of Digital services and products. Strong analytical and problem-solving skills. Strong proficiency in the use of MS tools - MS Excel, SharePoint, Teams, PowerPoint, Word.

Extra qualities that would be a great fit for our team:


Proficiency in financial modelling / reporting digital transformation technologies. Previous Digital or water / utility industry experience. Accountancy qualification.

What's in it for you?

Competitive salary from 43,000 to 48,000 per annum depending on experience. Annual Leave - 26 days holiday per year increasing to 30 with the length of service (plus bank holidays). Performance-related pay plan directly linked to company performance measures and targets. Generous Pension Scheme through AON. Access to lots of benefits to help you take care of you and your family's health and wellbeing, and your finances - from annual health MOTs and access to physiotherapy and counselling, to Cycle to Work schemes, shopping vouchers and life assurance.

Find out more about our benefits and perks

Who are we?

We're the UK's largest water and wastewater company, with more than 16 million customers relying on us every day to supply water for their taps and toilets. We want to build a better future for all, helping our customers, communities, people, and the planet to thrive. It's a big job and we've got a long way to go, so we need help from passionate and skilled people, committed to making a difference and getting us to where we want to be in the years and decades to come.

Learn more about our

purpose and values

Working at Thames Wate

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Thames Water is a unique, rewarding, and diverse place to work, where every day you can make a difference, yet no day is the same. As part of our family, you'll enjoy fast-tracked career opportunities, flexible working arrangements and excellent benefits.



Whether you're interested in a role in one of our call centres or science labs, we're looking for people like you with real passion and a burning desire to make things better.



So, if you're looking for a sustainable and successful career where you can make a daily difference to millions of people's lives while helping to protect the world of water for future generations, we'll be here to support you every step of the way. Together, we can build a better future for our customers, our region and our planet.



Real purpose, real support, real opportunities. Come and join the Thames Water family. Why choose us? Learn more.



Our overarching aim is to ensure that Thames Water is great, diverse, and inclusive place to work. We welcome applications from everyone and offer extra support for those who need it throughout the recruitment process. Our aim is to remove any real or perceived barriers to success, so if you need assistance, we're here to help and support.



When a crisis happens, we all rally around to support our customers. As part of Team Thames, you'll have the opportunity to sign up to support our customers on the frontline as an ambassador. Full training will be given for what is undoubtedly an incredibly rewarding experience. It's also a great opportunity to learn more about our business and meet colleagues.

Disclaimer: due to the high volume of applications we receive, we may close the advert earlier than the advertised date, so we encourage you to apply as soon as possible to avoid disappointment.