RAPID 2 x Interim Junior Economists

Tender description

Preference is to have 2 candidates from the same Supplier for ease of contract management but if not possible then will consider one from each Supplier. We would like to engage 2 interim junior economists for the RAPID cluster, shaping the commercial and regulatory frameworks for large strategic water supply projects such as new reservoirs and large-scale water trades between companies. This is an area where Ofwat is working in partnership with quality regulators and other Government bodies. Role expectations The development of nationally significant water supply infrastructure is a positive step towards ensuring resilient supplies of water. This requires new and innovative thinking around the way that we regulate water supply infrastructure. You will be responsible for: • Contributing to the development of the policy framework for how we regulate infrastructure projects under different commercial models to encourage the long-term development of water supply options; • Taking the lead on areas of the policy framework including the preparation of policy papers; • Preparing elements of the RAPID major consultation document due for publication at the end of 2021; • Providing economic analysis and advice to the RAPID commercial and regulatory team. We need highly motivated interim junior economists to help RAPID shape the commercial, regulatory and institutional arrangements that will have a tangible and meaningful impact on society for many generations to come. The successful candidates are expected to have a strong foundation in technical economic skills. The successful candidates will have excellent written and oral communication skills, policy development skills, and the ability to deliver against challenging deadlines. You will have a significant degree of autonomy and responsibility. You are expected to be a self-starter and to exercise your judgement responsibly in line with our strategy and ways of working. You will use your well-developed ability to communicate persuasively and engage with stakeholders, both internally and externally, including explaining economics concepts and thinking to non-technical audiences. These roles would suit junior economists seeking to apply their skills to a high profile and fast-developing area. Some of the key areas of work include: • Preparing elements of the RAPID major consultation due for publication by the end of 2021. • Leading on areas of the policy framework including drafting of policy papers. • Supporting the development of wider regulatory and commercial frameworks to support large scale multi-party infrastructure development. • Providing wider support of the RAPID team in delivering its forward programme and the interactions with other Ofwat clusters (primarily Performance and Outcomes and Company Performance and Price Reviews).