Regulatory Finance Manager

Powered by Water, Driven by Purpose

South West Water keeps the South West flowing with safe, reliable drinking water and wastewater services across some of the UK’s most stunning landscapes.

We’re proud to be part of Pennon Group, a leader in the UK water sector, working towards a greener future. Our goals? As well as lowering our carbon footprint, we’re working with partners to plant 300,000 trees, restore peatlands and supporting farmers and landowners to improve water quality and wildlife.

Whether you’re starting out or seeking a new challenge, our scale and ambition create opportunities for you to shape your own career.

Ready to make a splash? Join our team today.

Regulatory Finance Manager

Location: Exeter, Devon (Hybrid Working Available)

Salary: £55,000 per annum plus bonus plus benefits

Shape the Future of Water Regulation

Are you a qualified finance professional looking for a genuinely strategic role where your work influences business decisions, regulatory outcomes and investment across a major infrastructure organisation?

At Pennon, we're looking for a Regulatory Finance Manager to play a pivotal role in delivering regulatory reporting, driving financial insight and helping shape our long-term business strategy during the exciting AMP8 regulatory period. You'll work directly with senior leaders, executive stakeholders and regulators, becoming a recognised expert in water regulation and financial performance.

This is a rare opportunity to combine technical financial expertise, regulatory strategy and commercial influence in a role that offers exceptional visibility across the business.

What You'll Be Doing

As Regulatory Finance Manager, you'll lead and support critical areas of regulatory reporting, planning and performance, including:

• Leading the delivery of Annual Performance Reports (APR) and regulatory submissions.

• Managing key financial aspects of business planning and price review activities.

• Developing expertise in Ofwat regulatory frameworks, financial models and incentive mechanisms.

• Providing technical regulatory and financial advice to senior stakeholders across the business.

• Working closely with operational, engineering and finance teams to ensure regulatory requirements are reflected in decision making.

• Managing relationships with Ofwat, external auditors and senior leadership teams.

• Leading responses to regulatory consultations and financial reviews.

• Supporting regulatory modelling and financial forecasting activities.

• Delivering insightful analysis that influences strategic and operational decisions.

• Developing and mentoring colleagues within the Regulatory Finance team.

What We're Looking For

You'll be an ambitious finance professional who enjoys solving complex problems and translating technical information into clear business insight.

Essential Experience

• Qualified Accountant (ACA, ACCA, CIMA or equivalent).

• Experience operating in a senior finance, regulatory or advisory environment.

• Strong financial reporting, planning and performance management experience.

• Experience working within cross-functional teams and influencing stakeholders.

• Proven ability to improve financial controls, processes and reporting.

• Strong analytical skills with the ability to interpret complex financial information.

• Ability to communicate technical concepts to non-finance stakeholders.

• Experience building credible relationships with senior leaders and decision makers.

You'll Stand Out If You Have

• Experience within a regulated industry such as water, utilities, energy or infrastructure.

• Knowledge of economic regulation or regulatory reporting.

• Experience leading teams or developing finance professionals.

• Experience supporting major business change, transformation or investment programmes.

Why Join Pennon?

This is more than a reporting role.

You'll have the opportunity to:

• Influence decisions that impact millions of customers.

• Work directly with executive leadership teams.

• Become a recognised subject matter expert in a highly specialised field.

• Contribute to major investment and regulatory programmes.

• Gain exposure to strategic planning, corporate finance and regulatory leadership.

• Build a long-term career within one of the UK's leading infrastructure groups.

What's Important To Us

We're looking for someone who demonstrates:

• Strong commercial judgement.

• High levels of integrity and professionalism.

• Resilience and ownership.

• Excellent stakeholder management skills.

• Confidence to challenge constructively and influence outcomes.

• Curiosity, ambition and a continuous improvement mindset.

Why join us?

This role offers a unique opportunity to build treasury experience within a large and complex organisation. You'll gain exposure to high-value borrowing portfolios, financial markets, forecasting and strategic funding decisions while working within a supportive and collaborative finance team.

We believe in rewarding our people for their hard work and dedication. As our Regulatory Finance Manager you'll enjoy:

• Competitive Salary – Based on experience and skills

• Annual Bonus Scheme – Recognising company performance

• Pension Scheme – Helping you plan for your future

• Flexible Working Options – We value work-life balance and offer flexible hours and hybrid working where possible

• Healthcare Benefits – Access to employee assistance programs

• Employee Discounts – On various products and services

• Annual Leave – Take time to recharge with our holiday entitlement

Closing Date: 27th November 2026

We may close this vacancy early if we receive a high volume of applications. We encourage you to apply as soon as possible.

Please note that the successful candidate will be subject to a mandatory DBS check as part of the onboarding process.

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.