Regulatory Risk Officer at Ibadan Electricity Distribution Company (IBEDC) Plc

Location: Ibadan, Oyo

Job Description

• To organize, evaluate, analyze and monitor all regulatory & market risk to ensure overall improvement in market shortfalls due to disco challenges      

Responsibilities

• Providing alerts and analysis to IBEDC on the impact of changes and defaults in the regulatory provisions and contractual framework.
• Regulatory & market risk identification, assessment and reporting to risk owners/stakeholders for proper action.
• Assist with Periodic internal tariff review, analysis and shortfall analysis, MYTO review and projections.
• Prepares regular industry reports on the state of the market for internal and external stakeholders (as defined by industry regulations or IBEDC’s management discretion)
• Assist in conducting special research falling out of regulatory provisions centered around loss reduction levels and deliver timely and relevant actionable feedback to improve performance

Competence Requirements

• Understanding of the business of IBEDC and related businesses in the electricity sector
• Understanding and knowledge of regulatory stipulations vis-à-vis rates, pricing MYTO and market reset
• Understanding of the laws and regulations governing the power industry
• Strong financial and business acumen - financial analysis and reporting skills
• Good problem solving and analytical skills
• Good negotiation skills
• Good interpersonal skills
• Proficiency in Microsoft Office applications in preparation and analysis of data (eg Excel spreadsheet)
• Excellent verbal and written communication skills (business report writing)

Qualifications and Requirements
Educational Qualification:

• A first degree in Social Sciences or any relevant field

Desired Experience:

• At least 2 years’ experience within the Utility industry or a closely related industry.