Reporting Regulatory Matters And Tariffs Specialist
Ikeja Electricity Distribution Company
Lagos, Nigeria
5d ago
source : Fuzu

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.

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
  • 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.
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