Financial Analyst Careers – Electricity Regulatory Authority (ERA)

Job Title:   Financial Analyst  

Organization: Electricity Regulatory Authority (ERA)

Duty Station: Kampala, Uganda

Reports to: Manager Regulatory Finance

About ERA:

The Electricity Regulatory Authority (ERA) is a statutory body established in accordance with the Electricity Act, 1999 (Chapter 145, Laws of Uganda). The Act empowers ERA to regulate the Generation, Transmission, Sale, Export, Import and Distribution of electrical energy in Uganda.

Job Summary:  The Financial Analyst will primarily analyze the performance of the licensee’s vis a vis the assumptions embedded in the tariffs and to analyze financial viability of the licensees and validate financial claims through effective reconciliations.

Key Duties and Responsibilities:

• Responsible for monitoring and reviewing financial performance of licensee’s visa vis the assumptions embedded in the tariffs approved by the Authority
• Undertake the review and analysis of investment plans and conduct the verification of investments undertaken by licensees.
• Review and evaluate financial feasibility studies submitted by the intending developers on their financial ability to undertake the submitted projects.
• Review the audited financial statements of Licensees vis a vis the assumptions embedded in the tariffs approved by the Authority.
• Undertake sector financial as well as value for money audits of licensee’s operations.
• Review compliance reports submitted by licensees and enforce compliance to the Act, Regulations and the License conditions.
• Undertake a review of UEB successor budgets and monitor the Licensee’s performance on approved budgets.
• Contribute to the production of the periodic sector performance reports.
• Develop and maintain an investment verification data base and ensure it’s up to-date.
• Train licensees and follow them up on the implementation of Uniform System of Accounts (USoA).
• Undertake regular update and benchmarking of costs used in the determination of appropriate investment plans.
• Evaluate and advise on the sector investment requirements and quantify the impact on the tariff path.
• Perform any other duties as may be reasonably assigned by the Supervisor or Management.

Qualifications, Skills and Experience:

• The applicant must hold an Honours University Degree in Commerce (Finance/Accounting), Business Administration (Finance/Accounting), Finance and Accounting or Financial Economics.
• Minimum of level II for professional Qualifications such as ACCA, CPA, CFA
• A minimum of three years of relevant working experience in a reputable organization.
• Age: 35 years of age and below.

How to Apply:

If you believe you have the relevant qualifications and experience, please send your detailed Application and CV demonstrating possession of the relevant competencies, current position, names and addresses of three referees via email to apply@jobsportal-career.com quoting the position of interest in the subject line.

N.B:

• Members of the Electricity Regulatory Authority or Staff of ERA shall not be accepted as referees.
• Canvassing or any attempt thereof will lead to immediate disqualification. ERA is an equal opportunity employer.
• Only shortlisted candidates will be contacted.

Deadline: 7^th April 2023 by 5:00pm