Rucruitment of a Financial Analyst

Job Title: Financial Analyst


Job Purpose:
To analyze the .performance of the licensees vis avis the assumptions embedded in the tariffs
To analyze the financial feasibility of the licensees and validation of financial claims through effective reconciliations


KEY DUTIES AND RESPONSIBILITIES:
• Monitor the financial performance of licensees vis avis the assumptions embedded in the tariffs approved by the Authority.
• Monitor the financial transactions between the Uganda Electricity Transmission Company (UETCL) and generation as well as distribution companies to ensure that these are in accordance with the tariff methodologies in the Power Sales Agreements (PSAs) and Power Purchase Agreements (PPAs).
• Evaluate the financial feasibility studies submitted by the intending developers as well as licensed companies and advise on the appropriate return on investment (ROI) and the Weighted Average Cost of Capital (WACC).
• Work with the Economist in charge of pricing and tariffs to review the tariffs of the licensees as per the provisions of each license.
• Liaise with the Finance and Administration Department and participate in the investment verification exercise for licensees.
• Participate in budget reviews of licensees in liaison with the Finance and Administration Department.
• Carry out periodic reconciliations of licensees to establish the financial position of the licensees.
• Contribute to the production of the periodic sector performance reports
• Develop and maintain financial models for various licensees and establish the necessary database to update these financial models.
• Analyze and advise on the sector investment requirements and quantify the impact on the tariff


KEY OUTPUTS:
• Quarterly Analytical reports on tariff vs financial performance of Licensees
• Evaluation Reports on new projects for financial feasibility
• Review reports on Power purchase agreements with respect to Working capital and other financial variables
• Good teamwork with internal and external stakeholders
• Reports on sector investment requirements


Job requirement

Qualifications:
• An Honors Degree (Upper Second) in Commerce (Finance), Business Administration (Finance), or
• Financial Economics.
• Professional qualifications such as ACCA,CFA,and CPA
• A postgraduate qualification in finance is an added advantage

Experience
• At least 3 years of relevant experience
• Auditing experience will be an added advantage
• Above 27 years and below 35 years


How to apply

HOW TO APPLY
Applicants should submit by recorded delivery their applications and enclose copies of:
• Detailed Updated CV
• Address (including daytime telephone, fax or e-mail) of the applicant
• Address (including daytime telephone, fax or e-mail) of three referees Addressed to:

The Director Financial & Administrative Services Electricity Regulatory Authority Plot 15 Shimoni Road
P.O. Box 10332 Kampala, Uganda

To reach the above address by March 11, 2011 at 5,00pm; Applicants who do not meet the above minimum requirements need not apply. N.B. Members of the Electricity Regulatory Authority or staff of ERA Secretariat shall not be accepted as referees.
Canvassing or any attempt (hereof will lead to automatic disqualification. ERA is an equal opportunities employer.

ONLY SHORTLISTED CANDIDATES WILL BE CONTACTED.