• Application Deadline: Sun, 3 Jul 2022 00:00:00 GMT
• Position: Reporting Regulatory Matters and Tariffs Specialist


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 3 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Role Purpose

• 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:

• 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