As the Expert - Regulatory Economics you will be responsible of preparing, analysing, reporting and present regulatory financial statements/separated regulatory accounts and product/service/rate plan/BU wise profitability reports by developing and implementing comprehensive economic/regulatory cost models using all three methodologies including HCA, CCA and LRIC. To support regulatory finance decision making information impacting pricing, profitability and approval from the regulator.
You main responsibilities will be :
To ensure quality of financial and operational inputs for Cost Model.
To control cost analysts’ tasks in extraction of financial data from ERP and other data sources (GL, WACC, FAR, technical & other subsidiary financial databases).
To supervise and ensure quality in data-gathering and maintenance of Activity Time Reports (ATRs).
To supervise and ensure quality in data-gathering and regularity in maintenance of Operational statistics on monthly/quarterly/annual basis with audit trail.
To finalize and maintain templates of inputs to the cost model.
To maintain controls of data sources; ensure responsibility hierarchy tracking, documentation and audit trail.
Quality assurance in cost modelling inputs, processes and outputs.
Review to ensure all allocations, valuations, forecasts and estimates are in line with the requirements and best practices.
Develop and maintain Regulatory Costing/Economic models:
Fully allocated historic and current cost accounting (HCA/CCA) and Top Down Long Run Incremental Cost model for Mobile and Fixed networks
Ensure reconciliation of input data with management accounts and GL.
Ensure reconciliation between all models for cost outputs and formulation of wholesale and retail services.
Ensure implementation of new systems and tools to maintain Economic/Cost models.
To maintain and annually update Accounting Documents {Accounting Separation Methodology Documentation (ASMD), Detailed Attribution Methodology (DAM), Detailed Valuation Methodology (DVM) and LRIC Methodology documents.
To maintain quality assurance to support review of the Accounting Documents by regulatory auditors and TRA.
To ensure compliance in model implementation “in accordance with the Accounting Documents”.
Establishing and maintaining professional relationship with regulatory auditor.
To arrange and organize data controls and source reliability verification.
To maintain audit trail of system reports from billing, ERP and operation systems.
To maintain and update the list of audit observations.
To develop and implement tracking mechanism for rectification of audit observations.
Arrange to provide information to the regulatory auditor as per request.
Provide strategic financial inputs to assist Legal & Regulatory Unit in drafting response on finance-related regulatory consultations/ external communication with TRA, e.g., WACC, ADC determination, USO/QoS obligations, tariff approvals, RIO/ RAO update, interconnection & wholesale tariffs, price benchmarking, competition framework etc.
Contributes to the overall financial Business Plan
Coaches junior members of the finance team to raise level of knowledge in areas of regulatory accounting, pricing modelling, and profitability analysis
You should have a minimum of 6 years of experience in regulatory economics and costing, knowledge and Skill in using office management, ERP and costing systems, technical cost modelling in telecom networks, activity based costing in telecom business, regulatory economics, costing best practices and methodologies, financial modelling commercial pricing and marketing principles with a bachelor degree in business or finance.