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- Transport is under the supervision of the Manager Economic Regulations. The incumbent will be responsible for carrying out market research, analysis and assessment, price control order reviews, develop price review models and determine regulated fares and charges for sectors allocated by Manager Economic Regulations.

The incumbent will be also responsible to conduct inspection and gather information of transportation and other industries for price regulation in compliance with FCCC Act 2010, 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 Transportation and other sectors.

The focus on the role will be to strengthen the policies and regulation of the regulated industries, particularly on the Transport Sector 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. The Senior Market Analyst - Transport will closely with Manager Economic Regulations for the assessment and effective implementation of economic regulation activities.

Key Results Areas (KRAs)

• Achievement of Department Output.
  • Achieving the target output as per Department Plan

• Regulatory Analysis
  • Quantitative and qualitative analysis of regulatory policy, tariffs as an when required
  • Regulatory impact assessment on existing policy and proposed recommendations

• Framework design and policy support
  • Provide support in the development of regulatory framework and policies

• 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.
• Identify and recommend process improvements in pricing and analysis methodologies.

Key Accountabilities

• Assist Manager in the overall operational, budgetary and financial responsibilities and activities of the Department.
  
• Responsible for designing and implementation of the annual work plan within the Transport and other sector regulation to provide advice and support to Manager Economic Regulations and General Manager Regulations upon approval from Manager Economic Regulations.
• Conduct price control order reviews for regulated industries in Fiji in consultation with the Competition Team, and share information related to competition assessment via shared drive, with restricted access to Transport, Competition Officer, Manager Economic Regulations and Manager Competition.
• Analyze, monitor and evaluate the financial, economic and operational performance of entities in the Transport Sector on an annual basis.
• Prepare Regulatory Framework, develop regulatory models and evaluate rate applications and determine the prices at which regulated companies in Transport and other sectors should be syndicated and offered to the public. Present all regulatory findings to Manager Economic Regulations and General Manager Regulations, and if allowed, present regulatory findings to Regulatory Sub-Committee.
• Carry out the development of the regulatory framework and take the lead in implementing economic regulation of the Transport and other sector, as assigned including undertaking audits and reviews to ensure regulatory compliance to FCCC Act 2010 and other frameworks/guidelines.

Qualification

Post-Graduate Qualification in either Accounting, Corporate Finance, Economics, Applied Mathematics, Engineering, Statistics or an equivalent discipline with relevant experience in a regulatory body, public sector, transport sector and have comprehensive work experience with 3 to 5 years in related field are encouraged to apply. Applicants with knowledge of FCCC Act 2010 and valid driving license will have an added advantage.

Knowledge and Experience

• Comprehensive work experience of 3 to 5 years and above in market analysis (including the regulated sector), regulatory economics, financial planning and regulatory assessments.

• Proficient in Microsoft excel and Power BI applications.
• Demonstrated analytical and research capabilities.
• Strong theoretical and practical appreciation of critical regulatory issues.
• Good Audit and investigation skills in regulatory matters.
• Strong Leadership skills
• Ability to absorb and support new facts, data and information rapidly.
• 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. Good quantitative skills and knowledge of statistical methods.

Click here to download the full position description (PDF). JD - Senior Market Analyst Transport.pdf