Organisation Summary

The Fijian Competition & Consumer Commission (FCCC) is an independent statutory body established under Section 7 of the FCCC Act 2010 that promotes effective competition and informed markets, encourages fair trading, protects consumers and businesses from restrictive practices, controls prices of regulated industries and other markets where competition is lessened or limited.

Purpose & Nature of Role

The Senior Market Analyst- Regulations will be responsible for carrying out market research, analysis, price control order reviews, determination of regulated tariffs and monitoring of regulated industries by FCCC while monitoring new developments and making recommendations to the relevant policy changes. The incumbent will also be required to achieve objectives specified in the Strategic Plan, by ensuring regulatory compliance with the FCCC’s key performance indicators and the administration of the work under the FCCC Act 2010 relating to Economic Regulation and regulatory sector. The focus on the role will be to strengthen the policies and regulation of the regulated industries underpinning the performance of all regulated entities in order to ensure that regulatory decisions set the prices and standards that reflect efficient costs, remove monopoly prices and provide an incentive to invest.

Key Results Areas (KRAs)

• Ensure that the strategies proposed align with the FCCC objective at the same time contribute to long term planning.
• Take the lead role in stakeholder engagement (internally and externally) whilst ensuring a collaborative engagement is maintained.
• Maintain and enhance department reports (weekly, monthly, specific reports, Annual reports) including dashboards and other reporting tools.
• Monitor changes in regulatory landscape to ensure regulation & policy strategies are aligned.
• Liaise on regulatory matters with relevant external stakeholders.

Key Accountabilities

• Responsible for designing and implementation of the annual work plan within the Regulated Industries sector regulation and to providing advice and support.
• Conduct price control order reviews for regulated industries in Fiji in consultation with the Competition Team.
• Analyze, monitor and evaluate the financial, economic and operational performance of entities in the regulated industries in Fiji.
• Evaluate rate applications and determine the prices at which regulated industries in Fiji should be syndicated and offered to the public, ensuring that a fair price is determined in the interest of business and consumers.
• Assess whether entities are likely to meet economic regulation conditions set out in their licenses and relevant regulatory measures to ensure that objectives are realized and efficiency maintained.
• Carry out the development of the regulatory framework and take the lead in implementing economic regulation in the regulated industries including undertaking audits and reviews to ensure regulatory compliance to FCCC Act 2010 and other frameworks/guidelines.
• Monitor international input costs and prices related to regulated industries to consumers, particularly in countries having similar economic conditions to Fiji.
• Research, develop and maintain awareness of best practices in the regulated industries in Fiji and disseminate findings, in comparison to similar industries in the South Pacific and comparable economies.
• Prepare and submit Information papers, research reports and periodic reports as required and assist in ensuring that the relevant board papers is completed on time in accordance with established procedure.
• Investigate proposed mergers and acquisitions and potential anti-competitive agreements within the sector.
• Provide assistance and training to FCCC staff members in regard to the performance of various regulatory activities and attend workshops and forums on economic regulations.
• Engage with relevant stakeholders relevant to the work requirements for the regulated industries.
• Examine relevant local and national policies, procedures and legislation, ensuring that any potential impact upon specific research is communicated to relevant personnel.
• Ensure Innovation and continuous improvement and business excellence strategies are implemented on a random basis to achieve the desired outcome of FCCC.
• Provide assistance in the economic regulation of other sectors regulated by the FCCC as required from time to time.

Qualification

Applicant with a Degree or a Postgraduate qualification in either Accounting, Finance, Economics, Statistics, Electrical or Civil Engineering and have a comprehensive work experience of at least 3-5 years in related field. 

Knowledge and Experience

• Comprehensive work experience of 3 – 5 years in related field
• Demonstrated analytical and research capabilities.
• Strong theoretical, analytical and practical appreciation of critical regulatory issues.
• Strong Leadership skills
• Ability to absorb and support new facts, data and information rapidly.
• Good qualitative and quantitative skills and knowledge of statistical methods.
• Excellent listening, interpersonal, written and oral communication skills.
• Uphold & adhere to FCCC principles and values.
• An energetic, creative, and collaborative approach to working and problem solving.
• Ability to work on own initiative or as part of a team.