Lead - Economic Policy & Regulation (Cape Town) at Astron Energy (Pty) Ltd.

About the Job

Primary responsibility is to oversee and shape the economic policy landscape of your organization or jurisdiction. Overall, the Economic Policy & Regulation Lead plays a critical role in shaping key , implementing, and evaluating economic policies and regulations to support the organisations’ strategy and further promote economic stability, growth, and fair competition within jurisdiction that Astron Energy operates in..

Key Roles & Responsibilities (but not limited to):

• Economic Analysis: analyse economic trends, market dynamics, and regulatory impact to provide insights and recommendations for policy adjustments or interventions. This includes conducting cost-benefit analyses and assessing the potential consequences of proposed policies.
• Monitoring and Evaluation: establish mechanisms to monitor the effectiveness and impact of economic policies and regulations. Regular evaluation and reporting on key performance indicators will help refine policies and ensure their alignment with changing economic conditions.
• Economic Forecasting: responsible for providing economic forecasts, conducting scenario analyses, and assessing the potential risks and opportunities associated with economic policy decisions.
• Proactively shape the regulatory dialogue to ensure optimal trade-offs, timelines, doable commitments withing a sustainable business climate.
• To create capability to translate strategy into advocacy messaging
• Be the bridge between concept advocacy and specific engagement with policy makers when legislation and regulation is crafted in reaction to developed policy
• Policy Development: lead the development and implementation of economic policies and regulations in line with the organization's objectives. This involves conducting research, analysing economic data, and consulting with stakeholders to formulate effective policies.
• Regulatory Compliance: ensure that economic policies and regulations are effectively communicated and complied with by relevant stakeholders, such as businesses, financial institutions, and government agencies. This may involve monitoring and enforcing compliance measures.
• Stakeholder Engagement: collaborate with various stakeholders, such as government officials, industry representatives, and advocacy groups, to gather input, address concerns, and build consensus around economic policies. Effective communication and negotiation skills are essential in this role.
• Provide timely information and materials for effective decision making
• Legislative and Regulatory Advocacy: advocate for favourable legislative and regulatory changes that align with the organization's goals. This may include drafting proposals, providing expert testimony, and engaging in lobbying efforts.
• Lead regulatory and policy team that drives regulatory & policy risk to shape long term policy
• Role includes providing guidance, fostering a collaborative work environment, and ensuring the team's professional development.

Professional Qualification and Certifications:

• Advanced degree in Economics or a related field : A master’s or doctoral degree in economics, public policy, or a closely related discipline/ 4 year degree/University Bachelor’s Honours/Engineering/Masters PhD

Work Experience:

• At least 8+ years’ relevant experience with deep understanding of Economic policy regulation.
• Prior experience in the Oil & Gas industry would be beneficial.

Knowledge and skills:

• Economic Expertise: A deep understanding of economic principles, theories, and concepts is essential. This includes macroeconomics, microeconomics, econometrics, and economic modeling. Proficiency in analysing economic data and trends, conducting cost-benefit analysis, and evaluating the impact of policies on different stakeholders is crucial.
• Regulatory Knowledge: In-depth knowledge of regulatory frameworks, laws, and policies related to economic activities is necessary. This includes familiarity with financial regulations, competition laws, consumer protection regulations, industry-specific regulations, and international trade policies. Understanding the role of regulatory bodies and their mandates is important.
• Policy Formulation and Evaluation: The ability to develop, evaluate, and implement economic policies is a key skill. This involves assessing the potential impact of policies on various stakeholders, conducting policy analysis, and understanding the trade-offs involved in decision-making. It also includes knowledge of policy implementation strategies, monitoring, and evaluation techniques.
• Data Analysis and Research: Strong quantitative and analytical skills are crucial for data-driven decision-making. Proficiency in statistical analysis, economic modeling, and data interpretation is important. The ability to gather and analyze economic data, conduct research, and draw meaningful insights is highly valuable.
• Stakeholder Engagement and Communication: Effective communication and stakeholder management skills are essential. The Head of Economic Policy Regulation should be able to engage with diverse stakeholders, including government officials, industry representatives, regulatory bodies, and the public. The ability to communicate complex economic concepts in a clear and concise manner is important for building consensus and explaining regulatory decisions.
• Leadership and Management: As a leader, the Head of Economic Policy Regulation should possess strong leadership and management skills. This includes the ability to lead teams, coordinate efforts, and foster collaboration across different departments or agencies. Effective decision-making, problem-solving, and strategic planning skills are necessary.
• Industry Knowledge: Familiarity with the specific industries or sectors subject to economic regulation is beneficial. Understanding the dynamics, challenges, and opportunities within industries such as finance, energy, telecommunications, transportation, or healthcare helps in crafting effective policies and regulations.
• Legal and Compliance Understanding: A solid grasp of legal frameworks, compliance requirements, and regulatory enforcement mechanisms is important. This includes knowledge of relevant laws, regulations, and the ability to ensure compliance with legal and ethical standards.