Available Opportunities
VAC7479 - Senior Expert - Regulatory Economics
Field: Finance Contract Type: Full Time - Permanent
Location: Oman - Muscat Closing date: 21-Nov-2018
Ooredoo Oman Family Member:

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.

Core Responsibilities:

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.

  • Provide costing information to the business in a format designed to ensure relevant information.
  • To supervise maintenance, update and integration of FCA/CCA/ LRIC cost models with all supporting data.
  • To maintain output reports from CostPerform relating to Regulatory Financial Statements for each financial year and validating with supporting data.
  • To Finalize Regulatory Financial Statements and accompanied Reports/ Documents for submission to TRA - Annual FDC/HCA, FDC/CCA and LRIC results as per AS regulation and management’s requirements.
  • To assist in finalizing the results and SRAs for management approval.
  • To prepare draft accounts for submission of annual SRA for regulatory audit. Present unqualified audited SRAs in line with the AS regulations to TRA on due date.
  • 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”.

  • To control compilation of inputs data of the Accounting Documents for audit trail and supporting audit and regulatory verifications.
  • 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.

  • Support in resolving audit observations by providing expert analysis and advice on observations.
  • Quality assurance, report designing and finalization of profitability analysis to help manage retail/ wholesale products and services for various Business Units.
  • Presentation of Management Report on Services Profitability Analysis to support commercial performance of BU’.
  • Provide product wise, segment wise costing models for pricing and margin analysis to support Business Units in developing new products, revamping, reinvigorating and promoting existing product Maintenance, update and integration of CCA/LRIC cost models to support Wholesale BU’s pricing of interconnect products/ Resellers’ services.
  • Financial evaluation pricing proposal
  • Supporting business case financial models for new product launches, price revisions and promotions designed by Consumer and Corporate BU’s Developing customized costing and profitability models for major technologies, services and projects launch support.
  • 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.

  • Provide responses on TRA requirements within the given timeframe to manage regulatory financial risks and protect company’s interests.
  • 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

  • Provides guidance in relation to regulatory economics and profitability management for inform management decision making process.
The Person:

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.

Skills Required:
  • Data mining
  • Expertise in MS Excel
  • Cost Analysis  
  • Financial Modelling
  • Regulatory Economics Regulations
  • Project management
  • Communicating Effectively
  • Planning & Organising
  • Detail oriented
  • Analytical thinking
  •  Results Oriented
  • Business & Financial Acumen
  • Leadership
Note: you will be required to attach the following:
1. Resume / cv
2. Passport-size photograph
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