Economic and Financial Analyst at National Energy Regulator of South Africa (NERSA)

Requirements:

• A Bachelor’s Degree / B Tech Degree / Advanced Diploma (NQF 7) in Finance/Economics with Accounting, Economics or Statistics as major subjects as recognised by SAQA A Post Graduate Degree in Economics will be an added advantage Valid driver’s license Minimum Five (5) years relevant working experience Knowledge of the electricity industry Knowledge of accounting and Financial analysis Good analytical and communication skills Knowledge of MS Office package (Excel and Word) and Outlook knowledge. 

Key responsibilities:

The successful incumbent will be responsible for:

• Analysis of electricity revenue or tariff adjustment application: - Assist in the development of economic regulation methologies for the determination of revenue requirements of the regulated entities in line with the overall regulatory objectives of NERSA and government policy Assist in the determination of adequate revenues to be awarded to regulated entities using the regulation methodologies mentioned above and coverting such revenues to price levels to be awarded to the utilities Develop and assess tariff structures for various suppliers to ensure that these are in line with international best practice and achieve the intended signals meant to give incentives to customers to behave in ways that achieve demand side management objectives Develop guidelines to municipalities on tariff levels; and evaluate and recommendation approval of tariff adjustment application on an annual basis Advise licensees on appropriate tariff structures and assist them in developing such structures Continuously monitor the tariff level and structures as implemented by various licensees to ensure that these are in line with approved structures and levels by NERSA and reporting of any discrepancies Confirm and sign off on the adequacy and consistency in the data that is provided and captured by data analysts Participate in all projects where required in line with the NERSA’s business planning process and Team Based Network Structure principles either as a project leader or in support of such
• Stakeholder Engagement: - Give assistance and training to those licensees that have been identified as struggling and requiring assistance Provide clarity on analysis when NERSA decisions are challenged Work closely with Electricity Licensing department in handling queries, analyse discrepancies and highlight business risk issues
• Procedure operational reports: - Produce reports in line with the allocated projects Develop and deliver analytical and research reports for regulatory purposes