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Regulatory Reporting Accountant

Posted 26 days ago by Pertemps
Location Reading Job Type Permanent
Salary £38250 - £45000 per annum Sector Miscellaneous
About the role:

The role will provide regulatory accounting expertise to the wider business and be responsible for the consolidation of regulatory information from across the business for inclusion in the Annual Performance Report (“APR”) required by Ofwat.

Key Responsibilities:

Understanding Ofwat’s requirements for the financial sections of the Annual Performance Report and associated deliverables (including cost assessment tables, RAG 5 disclosures).

Detailed understanding of Ofwat’s Regulatory Accounting Guidelines (RAGs).
Understanding of the appointed and non-appointed business and how income and expenditure are allocated by price control.

Preparation of the Accounting Methodology Statement.

Maintenance of the regulatory financial reporting model in Anaplan and leading the APR query process.

You will be assisting in setting policies for regulatory reporting and delivering training to the wider finance team.

Supporting continuous improvement in the data we publish alongside reviewing/challenging deliverables from around the business.

Consolidating information provided by the business for inclusion in the Annual Performance Report.

Allocating central costs to appropriate price controls.

Responding to Ofwat consultation(s) on Annual Performance Reporting and amendments to RAGs

Being the regulatory point of contact for Thames for finance teams from other water companies.

To be successful you will have the following skills and experience:
  • The successful candidate will pay strong attention to detail and possess strong written and verbal skills.
  • You must have good technical knowledge and the ability to work to deadlines.
  • Confidence to challenge the status quo.
  • You will have continuous improvement and process excellence experience and capability.
  • You will have strong project management skills and an understanding of management, statutory and regulatory reporting requirements.
Required skills:
  • Qualified accountant, with post qualification experience.
  • Previous experience of regulatory reporting.
  • Process excellence expertise and experience.
Whats in it for you?

Our competitive salary package includes an excellent contributory pension, 24 days holiday per year increasing to 30 with length of service and a wider benefits scheme. This includes an annual pay review, season ticket loans, voucher scheme giving you money off in major retail outlets, loyalty awards for continuous service plus much more, including our refer-a-friend bonus, where you can receive up to £1,000 for helping someone get a permanent position within the company. 

We’re also proud to be here for our local community, offering all of our teams two days paid volunteer leave a year, as well as proudly supporting a lot of local events and charities. 

About us

Thames Water is the UK’s largest water and wastewater company. We make a daily difference to millions of customers by supplying 2.7 billion litres of world-class water to around 10 million homes.  

As our world changes, the need to take care of our most precious resource is greater than ever, both locally and globally. That’s why, at Thames Water, every one of our actions, big and small, matters every day. Water is essential to daily life, and that means our business is always open. We’re passionate about providing world-class tap water, now and for the future.

We’re also turning poo into power, self-generating 20% of the energy we use and, in turn, doing our bit for the planet. We’re reducing plastic waste by celebrating our tap water and rolling out an ambitious water fountain project. We’re using our voice to lobby for change and partnering with WaterAid to provide clean water to the world’s poorest communities.

Together, we’re building a better future for our customers, our region and our planet.
Thames Water is a unique, rewarding and diverse place to work. If you join our team, you’ll enjoy fast-tracked career opportunities, flexible working arrangements and unparalleled benefits. We’re also proud to be an equal opportunity employer, Stonewall Diversity Champion and Disability Confident Leader, welcoming individuals from all walks of life and leading the way with an award-winning mental health and wellbeing strategy.