JOB TITLE: Reporting Regulatory Matters and Tariffs Specialist
JOB LOCATION: Lagos
Job Type: Full time
Reporting To: Head Management Reporting and Tariffs
JOB DETAILS:
- This role is responsible for Supporting the Head Management Accounting and Tariff in the implementation and compliance with Regulatory Reporting, Rates and Tariffs matters.
Responsibilities
Rates and Tariffs:
Advertisements
- Develop an abridged spreadsheet model (Excel) for IE based on the revised MYTO from NERC.
- Check and simulate implication of computational errors and or inconsistencies in MYTO model published by the NERC and prepare written responses to NERC on the errors, inconsistencies identified.
- Expand the MYTO model from its current annual configuration to a monthly basis and expand the factors on which a true-up adjustment can be based to reflect the additional factors such as ATC&C losses and load distribution etc (by tariff category).
- Use different assumptions to simulate possible tariff paths that would ensure the company’s revenue target is met within the tariff methodology as determined by NERC from time to time.
- Determine an appropriate tariff design and structure for all approved tariff classes in line with business objectives as well as regulator’s tariff methodology and submit same to NERC.
- Develop and advice on appropriate tariffs for special business partnerships.
Regulatory Matters:
- Complete and maintain information for all governmental, industry, regulatory and other adhoc filings.
- Drive IE’s compliance with the industry’s market settlement guidelines.
- Review the monthly day ahead reconciliation reports from load management and Power allocation teams for compliance with market rules and analyse financial implications of allocated deficits.
- Liaise with Market Operators and NBET, via the Regulatory unit, on invoice issuance, review and analysis.
Others:
- Develop five-year tariff plans on base case forecasts and worst-case scenarios using macro and minor review variables as well as other relevant market fundamentals.
- Support the internal stakeholders to review business, departmental performance and develop business plans and forecasts over a 1-year budget horizon and strategic 5-year business plan horizon and identifying the impact on regulatory expectations.
- Identifying, evaluating, managing and reporting on all related risks.
- Undertaking other relevant project work when required.
- Comply with Quality Management System / Occupational Health & Safety requirements including objectives and applicable regulations relating to assigned jobs.
- Perform other duties and tasks as required and assigned.
Minimum Qualifications
- This role requires a Bachelor’s Degree in Accounting or a Finance-related field, Commercial or Social Science discipline.
- Minimum of 3 years relevant work experience.
- Relevant professional qualification (ACA/ACCA) will be required.
Technical Competencies:
- Financial Modelling
- Planning, Budgeting, and Forecasting
- Accounting Policies and Processes
- Regulatory Reporting
- Financial Analysis and Planning
- Financial Statement Preparation and Analysis
Behavioral Competencies:
- Communication and Interpersonal Relations
- Supervisory/Managerial Skills
- Problem Solving and Decision Making
- Managing Resources
- Business Focus
Apply Now
Deadline: July 3, 2022
Job Features
Job Category | Specialist |