Principal Economist, Chief Economist Team

Ofwat (Water Services Regulation Authority)

Apply before 11:55 pm on Tuesday 7th February 2023



Reference number



£52,661 - £80,550
For full details on salary, please read the attached Candidate Pack

Job grade


Contract type


Business area

OFWAT - Regulatory Enablers - Chief Economist Team

Type of role


Working pattern

Flexible working, Full-time, Part-time

Number of jobs available



Birmingham, West Midlands (England), B5 4UA : London, London (region), E14 4HD

Job summary

Ofwat (The Water Services Regulation Authority) is a non-ministerial government department. We regulate the water sector in England and Wales.

Our role is to help build trust and confidence with customers, the environment and wider society. Ofwat has an ambitious -Time to act, together strategy and as a regulator we are setting ourselves up to achieve and equal the ambition of this strategy. It matters to us that things on the ground really change so that our impact on customers, the environment and the future of water is tangible and meaningful.

Our work is high-profile and fast-moving, within a dynamic and agile environment. The work that you’ll be involved in every day will be about helping us to deliver our strategy, and helping the sector to deliver outcomes that matter to customers and society. 

We are forward-thinking, creative, innovative and ambitious. We actively encourage autonomy, collaboration and innovation and there’s a real adult culture fostered by trust, flexibility and respect. We strive to ensure our people feel connected and valued, where their voice matters. You will be provided with the space and support to shape your future while taking greater control of your own growth and development.

Job description

We are looking to recruit a Principal Economist to work in the Chief Economist Team (CET). The CET reports directly to the Chief Executive of Ofwat and plays an important role across all areas of Ofwat's work. It leads on the economic input into on strategic work, such as developing our future regulatory strategy, mergers and competition work, as well as research pieces and our approach to impact assessments and evaluation. It also supports other teams across Ofwat, for example by scrutinising the decisions on price reviews, supporting teams focused on developing markets and other thematic policy areas such as the environment, customers and innovation.

The Principal Economist will have responsibility for leading on key areas of CET's work by providing rigorous economic thinking and advice to inform our policies and help Ofwat deliver its strategic objectives. We are looking for candidates with excellent analytical skills, significant experience in regulatory economics, and experience managing the design, development and delivery of economic projects.   

Key deliverables

  • Leading on the delivery of economic and/or quantitative analysis projects
  • Providing economic advice on economic and/or quantitative issues across areas at Ofwat
  • Developing economic frameworks to assess policy options
  • Making recommendations to improve our regulatory approach
  • Assessing the impact of our policies and interventions
  • Presenting economic analysis to colleagues internally and stakeholders externally
  • Drafting reports and publications to a high standard
  • Managing and developing senior associate economists and graduate economists

Person specification

Essential Experience, Skills and Knowledge:

  • An undergraduate degree in economics or a discipline with significant economic content
  • Excellent analytical skills
  • Excellent written and oral communication skills, including the ability to understand and concisely explain complex issues in non-technical language
  • Significant knowledge of microeconomics and regulatory economics
  • Significant experience in applying economic analysis in economic regulation and/or competition policy
  • Experience managing the design, development and delivery of economic projects
  • Experience working in multidisciplinary teams
  • Experience engaging with senior staff and external stakeholders

Essential Attributes and Behaviours:

  • Delivering outcomes
  • Creating clarity
  • Making relationships count
  • Committed learner

You can read more about Attributes and Behaviours in the attached Framework for Success

  • A generous Civil Service pension with an average employer contribution of 27%
  • Access to our package of benefits via our ‘Edenred’ scheme. This is a voluntary benefits scheme where staff have access to exclusive discounts on a range of goods and services such as retail outlets, theatre tickets, holidays, insurance and gym membership;
  • Cycle-to-work scheme;
  • Season ticket loan for travel between home and office;
  • Flexible working arrangements;
  • Fees paid for membership of relevant professional bodies;
  • Regular professional development;
  • A culture encouraging inclusion and diversity
  • Health and well-being initiatives

Selection process details

Selection timetable

Closing date

 11:55 pm 7th February 2023


8th - 10th February 2023

Interview date(s)

W/C 13th and 20th February 2023


Assessment Process

  • Sift Stage

At sift stage we will assess your application against some of the essential skills, experience, and knowledge, listed in the professional requirements table above.
In your application, please state clearly how your skills, experience, and knowledge meet the essential criteria.

  • Interview Stage

We will test against attributes, as well as skills, experience, and knowledge (set out in the professional requirements section) during the interview process. You can read more on attributes in the attached Framework for Success.

As part of the interview process, we may require a short presentation. Further details will be provided to shortlisted candidates upon invitation to interview.

Please note that the interviews will be conducted via video conferencing software such as Microsoft Teams. It may be necessary for a second stage interview, which will be communicated to the successful candidates, if required.

If you have any queries about any aspect of this role, selection process, or you require any reasonable adjustments please email

Feedback will only be provided if you attend an interview or assessment.


Successful candidates must pass a disclosure and barring security check.
People working with government assets must complete basic personnel security standard checks.

Nationality requirements

This job is broadly open to the following groups:

  • UK nationals
  • nationals of Commonwealth countries who have the right to work in the UK
  • nationals of the Republic of Ireland
  • nationals from the EU, EEA or Switzerland with settled or pre-settled status or who apply for either status by the deadline of the European Union Settlement Scheme (EUSS)
  • relevant EU, EEA, Swiss or Turkish nationals working in the Civil Service
  • relevant EU, EEA, Swiss or Turkish nationals who have built up the right to work in the Civil Service
  • certain family members of the relevant EU, EEA, Swiss or Turkish nationals
Further information on nationality requirements

Working for the Civil Service

The Civil Service Code sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles.
The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.
The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.
The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment.
Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

Job contact :

  • Name :
  • Email :

Recruitment team :

  • Email :

Further information

Complaint's procedure
The process of recruitment and assessment embraces the principles of fair and open competition and best practice. The first is to maintain the principle of selection for appointment to the Civil Service on merit on the basis of fair and open competition as outlined in the Civil Service Recruitment Principles. The second is to promote an understanding of the Civil Service Code which sets out the constitutional framework in which all civil servants work and the values they are expected to uphold, and to hear and determine appeals made under it.
If you feel your application has not been treated in accordance with the recruitment principles and you wish to make a complaint, you should contact Ruth Noake, Head of Talent & OD, Corporate Enablers (People), Ofwat, Centre City Tower, 7 Hill Street, Birmingham, B5 4UA in the first instance. If you are not satisfied with the response you receive from us you can contact the Civil Service Commission at

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