Asset Strategy Director

Job Summary by the careerbalance.co.uk Team:

111Job Description:As the Asset Strategy Director you’ll be responsible to turn business vision and strategy into a deliverable implementation plan and develop the five-year price review submission for the Wholesale business. You will work closely with the Strategy and Regulation team to deliver technical and commercial submissions at the price review, benchmarking current and future performance, along with associated activities for success.

What you’ll be doing
As the Asset Strategy Director you’ll consider the core business objectives of our plan to be deliverable, investable, financeable and affordable.
Account will be taken through forward horizon scans, to drive innovative solutions and solve for challenges such as climate change, growth, resilience and changing customer requirements.

The plan will take account of different price controls and identify new mechanisms for funding and delivery.

Business strategies will be built in collaboration with Regulation, Capital Delivery and Operations that are aligned to long term goals and five-year performance objectives to meet the needs of stakeholders, customers, and communities.

Key Responsibilities:

• Model business risk, opportunity and set business strategies to 2050 and beyond.
• Develop risk and investment plans to support implementation of business strategies.
• Development of timely submission of statutory plans, including the water resource management plan and the drainage and wastewater management plan.
• Establish aligned asset strategies that deliver future regulatory outcomes and increase service resilience, adapt to climate change and take account of growth and future regulatory challenges.
• Manage water & wastewater hydraulic modelling to enhance understanding of performance and capacity of the asset base and that support capital programme development.
• Support development of PR29 and subsequent price reviews by setting a clear asset strategy. with robustly evidenced plans. This shall include any interim applications, submissions and determinations as required.
• Ensure plans are in place to mitigate strategic risks and aligned with organisational risk tolerance.
• Work with leaders across Thames Water to establish deliverable business plan for AMP9 that is aligned to the PR29 final determination.

What you should bring to the role

• Operated at a senior level within an asset management / strategic planning role, ideally within the utilities sector. 
• Clear understanding and experience of delivering requirements for regulatory price review.
• Demonstrable track record of leading strategic business development and change, leading business through several cycles of business planning and improvement. 
• Work collaboratively across the business to communicate, develop and implement plans.
• An inspiring leader, able to create and champion a clear direction and motivate others to follow and implement the change required to deliver the business outcomes.
• Passionate about putting customers, communities and stakeholders first every day.
• Degree level or equivalent appropriate professional body qualification.
• Strong business skills and evidence of leading organisational change.
• Strong commercial / financial track record developed within a multi-stakeholder and regulated environment is desirable.
• Asset Management qualifications or prior experience is desirable.

What’s in it for you?

• Annual Leave – 26 days holiday per year increasing to 30 with the length of service (Plus bank holidays)
• Car Allowance
• Annual Bonus
• Private Medical Health Care
• Contributory pension – Defined Contribution – Maximum of 12% -2x employee contribution
• Personal Medical Assessments – Open to all once a year
• Wider benefits scheme including our benefits hub, which is packed full of offers and information to save you money and support your wellbeing.

Who are we?
At Thames Water, our purpose is crystal clear – to deliver life’s essential service so our customers, communities and planet can thrive.

Water is life’s great leveller. Every living thing needs it, every single day. From people to plants, birds to bees, farms to factories, we all need it to thrive, and we’re committed to taking care of it for us all.

But keeping water flowing is becoming harder. From scorching summers to wetter winters, extreme weather affects everything from our pipes to our local rivers. We need to keep millions more kettles boiling, public services operating, washing machines spinning, showers running and more, so every drop is more precious than ever. Are you ready to play your part?

Working at Thames Water
At Thames Water we recognise that people are at the heart of our business. To help us succeed in providing life’s essential service, we need a range of skills and capabilities, representative of society throughout our business.

We seek to attract and retain a cultural mix of people who can offer different but complementary attitudes, values, talents, and knowledge. We understand the importance of appreciating and harnessing the unique skills, experiences, background, and differences that each individual brings.

Our over-arching diversity and inclusion aim is to ensure Thames Water is a diverse and inclusive great place to work. We encourage applications from everyone and offer extra support for those who need it throughout the recruitment process.

Find out more about working at Thames Water.

When a crisis happens, we all rally around to support our customers. As part of Team Thames, you’ll have the opportunity to sign up to support our customers on the frontline as an ambassador. Full training will be given for what is undoubtedly an incredibly rewarding experience. It’s also a great opportunity to learn more about our business, meet colleagues and earn some extra money along the way.

Disclaimer: due to the high volume of applications we receive, we may close the advert earlier than the advertised date, so we encourage you to apply as soon as possible to avoid disappointment.Location: South East, Reading