Capex Analyst


Company:	Thames Water
Salary:	£40,000 to £40,000 a year
Hours:	Full-time
Location:	Reading, RG1 8DB
Job type:	Permanent
Posting date:	17 Sept 2026
Closing date:	30 Sept 2026

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Summary

We are recruiting for an exciting role as a Capex Analyst to join our team here at Thames Water.

As a Capex Analyst, you will be responsible for developing management and financial reports for key stakeholders to support risk and cost management to ensure Waste Treatment, Pumping and Network achieve compliance targets.

You will support the Directly Managed Capital (DMC) governance. This will include managing risk approval, tracking spend to date, forecasting and managing budget release.

What you’ll be doing as a Capex Analyst:

- Setting up projects including WBS codes, reviewing risks and releasing budgets. Ensure data entry of APS, trackers and SAP is error free. 5 day SLA to fund risks.

- Working with Area Delivery Managers and Project Engineers to ensure Asset Planning System (APS) data is accurate and up to date i.e. statuses, scoring, quotes etc.

- Using forums such as Senior Risk Reviews to indicate risk quality and discuss areas to focus on. These include information such as the profiles of scores, statuses, review by dates and spend vs budget.

- Supporting the creation of investment papers/business cases and liaison with appropriate stakeholders for timely briefing and sign off for all investment needs.

- Monitor, track and report program financials, benefits, progress and achievement of outputs on approval trackers and Power Bi. Ensuring that the data is completed at the time of funding a risk and accurately.

- Proactively analysing data that can be categorised simply under projects, regions assets/types of work to be able to discuss budget remaining, value of work done and efficiencies.

- Build a rapport and enhance relationships with Operations, Capital Maintenance Projects, Finance, Cost Planners and Sponsors.

Base location – Hybrid – this role requires you to attend our Clearwater Court office in Reading, at least once a week with occasional travel to meetings with wider teams.

Working pattern or hours - 36 hours a week, Monday to Friday

Salary – up to £40,000 per annum dependant on experience

To thrive in this role, the essential criteria you’ll need is:

- Thrive on working under pressure and able to cope with changing demands.

- Ability to prioritise projects and deliverables

- Organised, attention to detail and capable of handling complex data

- Working knowledge of SAP ERP

- Advanced user of Microsoft products (strong Excel skills)

- Experience in financial reporting, project accounting & budgeting

What’s in it for you?

- A salary of up to £40,000 per year depending on experience

- 26 days holiday per year increasing to 30 with the length of service (plus bank holidays)

- Performance-related pay plan directly linked to company performance measures and targets

- Generous Pension Scheme through AON

- Access to lots of benefits to help you take care of you and your family’s health and wellbeing, and your finances – from annual health MOTs and access to physiotherapy and counselling, to Cycle to Work schemes, shopping vouchers and life assurance.

Find out more about our benefits and perks (Please note different T&Cs apply if on secondment)

Who are we?

We’re the UK’s largest water and wastewater company, with more than 16 million customers relying on us every day to supply water for their taps and toilets. We want to build a better future for all, helping our customers, communities, people, and the planet to thrive. It’s a big job and we’ve got a long way to go, so we need help from passionate and skilled people, committed to making a difference and getting us to where we want to be in the years and decades to come.

Learn more about our purpose and values

Working at Thames Water

Thames Water is a unique, rewarding, and diverse place to work, where every day you can make a difference, yet no day is the same. As part of our family, you’ll enjoy meaningful career opportunities, flexible working arrangements and excellent benefits.

If you’re looking for a sustainable and successful career where you can make a daily difference to millions of people’s lives while helping to protect the world of water for future generations, we’ll be here to support you every step of the way. Together, we can build a better future for our customers, our region, and our planet.

Real purpose, real support, real opportunities. Come and join the Thames Water family. Why choose us? Learn more.

We’re committed to being a great, diverse, and inclusive place to work. We welcome applications from everyone and want to ensure you feel supported throughout the recruitment process. If you need any adjustments, whether that’s extra time, accessible formats, or anything else just let us know, we’re here to help and support.

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 and meet colleagues.

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.

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