Job Description

At South West Water we believe that the strongest businesses are built on solid, stable foundations - with a vision and a culture that gives them the freedom to change, improve and innovate.
We're proud to be responsible for providing reliable, efficient and high-quality drinking water and wastewater services for the beautiful South West area.
And we have huge ambitions.
Not only are we committed to reaching net-zero by 2030, but we've also partnered with Wildlife Trusts, National Parks and local partners to help ensure a better future for generations to come.
So, if you want to be part of a diverse team where opportunities flow and fresh ideas are welcomed, #JustAddWater.
We currently have an opportunity for a Regulatory Finance Manager to join our team based in Exeter or Bristol. Joining us on a full-time permanent basis, you will receive a competitive salary of 48,000 - 55,000 per annum plus excellent benefits.
About the role
As Regulatory Finance Manager you will have opportunity to lead the delivery of our regulatory financial reporting on behalf of the Pennon Group, whilst working closely with the wider Finance team to ensure consistency between the statutory and regulatory reporting, as well as being an expert in the Water Regulatory subject matter to be able to provide technical advice to the business, to support strategic and operational decisions.
This is a great opportunity where you will have opportunity to work closely with senior members of the company, including the Exec team and members of the wider business, building trust and assurance, and ensuring robust controls and consistent regulatory financial reporting.
This is a demanding but extremely varied opportunity in a large organisation, which gives the opportunity to make a real impact on the way Pennon operates as a business and enables regular contact with some of the most senior stakeholders. You will drive both our external financial and regulatory reporting and will form strong relationships between Finance and the wider business.
What you'll be doing

• 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
• Support the Financial and regulatory modelling lead in the development of the Ofwat Financial model to reflect the PR24 regulatory determination
• 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
• 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
• Complete relevant financial tables for the Annual Performance Report (APR) in compliance with Ofwat guidelines
• 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)
• Stakeholder engagement and management for reporting requirements, including but not limited to External auditors, Regulators, key Senior Management and Director and Designers
• Managing the collation, monitoring and audit of Financial Control Operating Requirements across the business
• Project Management new Regulatory accounting guidance / reporting requirements, control environment reviews, additional reporting requirements and change initiatives
• 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
• 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
• 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

data table owners/senior manager/directors for data points * 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

• 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.
• 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.

What we're looking for

• ACA, ACCA, CIMA qualified (or equivalent).
• Senior-level experience in regulatory environments (corporate, regulator, or advisory), with the ability to translate complex financial or regulatory information for non-specialists.
• Proven ability to lead through significant change, improving financial controls, procedures, and management information.
• Effective contributor within cross-functional management teams.
• Strong written and verbal communication skills, with the ability to influence senior stakeholders and present compelling business cases.
• Sound financial reporting and budgeting knowledge, with well-developed analytical and critical thinking skills.

What's in it for you

• 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.
• In return, we offer an excellent range of benefits including:
• A discretionary company bonus
• Competitive Contributory Pension
• Invest in Pennon through our employee Sharesave scheme
• Generous holiday allowance plus bank holidays, with an option to buy / sell leave offering you extra flexibility
• Take up to 26 weeks' additional maternity leave
• Shared parental leave
• Look after your wellbeing through our Champion Health support platform
• Enjoy free eye tests and discounts on frames and lenses at Specsavers
• Enjoy access to thousands of deals and discounts on supermarkets, online retailer, travel, eating out, cinema, gyms and more through Perkbox

Closing date: 28th October 2025
Be yourself, we like it that way. Together, we will build a culture of belonging, where inclusion is instinctive. Diversity is our strength and a reflection of our communities. We care, we value everyone, we celebrate uniqueness.
Our core values which are essential to our success are:
Be Rock Solid - Build trust and be trusted. Be the one we all look to and can depend on.
Be You - We want you to bring your best everyday. Be yourself and make your mark in your individual way.
Be the Future - Embrace change. Drive Progress. Own the challenge.

Skills Required