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 Market Analyst - Transport role is under the supervision of the Manager Economic Regulations and Senior Market Analyst Transport. The incumbent will support the analysis of the transportation sectors and conduct market-based research for proposed regulatory interventions, decisions and policy development in FCCC.

The incumbent will also be responsible for conducting market research, analysis and assessment, price control order reviews, developing price review models and determining regulated fares and charges in consultation with Senior Market Analyst Transport.

The incumbent will be working closely with the Senior Market Analyst Transport in undertaking regulatory reviews, including analytical and technical role focusing on transport sectors, carrying out market research, analysis, and monitoring new developments and making recommendations to the relevant policy changes regarding the transport sectors and industries. The role requires working with large datasets, economic models and stakeholder input to support the development and implementation of regulatory framework. The incumbent will also be required to achieve the required objectives specified in the strategic plan, by ensuring regulatory compliance with FCCC’s key performance indicators and the administration of the work under the FCCC Act 2010 relating to Transportation Sectors and Industries.

Key Results Areas (KRAs)

• Achievement of Target Output as per Department Plan.
• Implementation of Policy recommendations including Regulation.
• Gather, analyze and interpret data relating to target market, industry trend analysis to support the departments deliverables.
• Provide analytical support for the regulatory decisions and tariff reviews.
• Conduct independent regulatory reviews and report findings to Manager Economic Regulations when required.
• Achievement of the turnaround processing time of price review and any management tasks.
• Contribute to the accurate & timely deliverables of reports (Monthly, Quarterly and Annual Report).
• Provide input into budget forecast and activity planners for the specific sector.
• Support regulatory impacts assessment under various assumptions.
• Ensure accurate, reliable data is used in pricing models, reports and market analysis.
• Maintain stakeholder engagement.
• Gather information as Commission officer from Stakeholders and conduct independent reviews as per the Terms of Reference with assistance of Senior Market Analyst Transport.
• Identify opportunities to improve the regulatory models, analytical, tools and processes to improve Deliverables.
• Ensure adherence to the requirements of the FCCC Act 2010 and enforce FCCC Act 2010
• Ensure FCCC’s values are always maintained and adhered to.
• Recommending correct and sound advice to Management, as and when required.
• Ensure all the reviews are carried out in a timely manner.

Key Accountabilities

• Support the Senior Market Analyst in the deliverables of the Department Output.
• Support in the designing and implementation of the annual work plan.
• Conduct market analysis in relation to both the regulated & non-regulated market.
• Prepare Terms of Reference for each project, allocating task to team members, with anticipated timelines as per the Department SOP.
• Gather information pursuant to the provisions of FCCC Act 2010 related to sector review and conduct an independent assessment and reviews of regulated industries, to determine the regulated tariff, fares, charges and ex-factory price.
• 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.
• Conduct & determine the prices/rates/tariffs of regulated products and services including the evaluation of rate applications for regulated companies in the Infrastructure Sectors and Industries.
• Develop price review models in consultation with Senior Market Analyst and present regulatory findings to Manager Economic Regulations as and when required. Support the development of the regulatory framework and take the lead in implementing economic regulation of the Infrastructure Sectors including undertaking audits and reviews to ensure regulatory compliance
• Support in conducting impact assessments for policy proposal, tariff adjustments and reforms.
• Gather information pursuant to the provisions of FCCC Act 2010 related to sector review and conduct an independent assessment and reviews of regulated industries, to determine the regulated tariff, fares, charges and ex-factory price.
• Set regulatory targets via performance-based regulations on regulated industries in form of Enforceable Undertakings, monitoring frameworks and relevant regulatory and technical measures to ensure that regulated industry delivers its planned CAPEX and OPEX, while efficiency is maintained.
• Conduct regulatory audits (operational, financial and efficiency audits) and inspection for planned regulatory CAPEX, OPEX to ensure that projects commission as allowed in the regulatory models.
• Ensure all regulatory reviews information including in progress and updated regulatory models are uploaded in staffs designated shared drive every week, with folders separated by each project.

Qualification

Degree in Accounting, Corporate Finance, Economics, Transport Economics or Management, Climate Finance, Engineering, Statistics

Knowledge and Experience

• At least 3 years or more in market analysis (including the regulated sector), regulatory economics, financial planning, regulatory assessments or in related field.
• Applicants with knowledge of FCCC Act 2010 and valid driving license will have an added advantage.
• Proficient in Microsoft excel and Power BI applications.
• Demonstrated analytical and research capabilities.
• Strong theoretical and practical appreciation of critical regulatory issues.
• Ability to absorb and support new facts, data and information rapidly.
• Good quantitative skills and knowledge of statistical methods.
• Good communication skills both verbally and in writing.
• Exposure to forecasting or regulatory environment.
• Ability to contribute positively to the Department target on reviews and reporting.
• Ability to prioritize own and others' work to achieve key results areas.
• Good problem-solving skills (finding a range of solutions, understanding their effects and making recommendations).
• Ability to produce high quality, detailed work.
• Good stakeholder management and relationship building skills.

Refer attached - JD - Market Analyst Transport.pdf