COMPANY OVERVIEW | NEOM is an accelerator of human progress and a vision of what a new future might look like. A region in northwest Saudi Arabia on the Red Sea, NEOM is being built from the ground up to include hyperconnected, cognitive cities, ports, next-generation infrastructure and industries, enterprise zones, research centers, sports and entertainment venues and tourist destinations. As a destination, it will be a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation. As a workplace, it is a place for people who share our core values of care, curiosity, diversity, passion, respect, and becoming a catalyst for change. Are you ready to help NEOM find solutions to the world’s most pressing challenges? Are you prepared to create a lasting legacy that benefits generations to come? Then we want to hear from you! | ROLE OVERVIEW | The Senior Manager Electricity Regulation and Tariffs will embed and refine the regulatory framework, governance and processes for effective regulation of the NEOM electricity industry. This role is responsible for developing electricity industry insights to shape the economic regulation strategy, chart a course for compliance and enforcement and generate buy-in from stakeholders | REQUIREMENTS SUMMARY - Critical thinking
- Ability to research, investigate, analyze and interpret complex information, drawing accurate conclusions based on evidence to inform decisions.
- Demonstrated ability to provide advice on complex operational, financial, legal, technical and policy issues including weighing up options to identify solutions.
- Demonstrated evidence of identifying opportunities for continuous improvement and taking ownership of implementing initiatives to make improvements within the workplace.
- Strong interpersonal, team and communication skills combined with a hands-on, can-do mentality
- A highly collaborative individual, combining strong intellect and industry experience with the agility and flexibility to understand how to apply their experience to the unique challenges faced by NEOM.
- Leadership mindset
- Demonstrated ability to establish clear work plans, see projects through to completion, monitor progress, manage priorities and adjust plans, identify risks and possible solutions and deliver high quality work within tight timeframes.
- Demonstrated resilience, self-motivation and adaptability.
- Ability to keep abreast of and develop expertise in economic and regulatory best practice, share ideas and apply to own work.
- Strong and positive relationships skills, influencing, and negotiation skills
- Track record of managing teams with the ability to prioritize tasks in a highly dynamic environment, and to motivate and provide strategic direction for other team members.
| ROLE COMPETENCIES & ACTIVITIES The Senior Manager Electricity Regulation and Tariffs responsibilities will include, but not be limited to: Electricity Regulation Strategy - Lead the review of regulatory reporting procedures and electricity tariff approval process as required by SERA regulations
- Define the economic regulation strategy to guide the NEOM electricity industry through evolving growth phases
- Probe and appraise electricity industry investment needs and prioritize industry initiatives
- Conduct regulatory impact analysis and cost benefit studies
Market Entry Control - Provide leadership in articulating and implementing electricity industry market design and regulation issues as they relate to a monopoly utility setting and the potential for competition
- Examine electricity industry market entry and exit matters including license issuance and exemptions, variations and service provider failures
- Manage the preparation of briefing papers and recommendations for consideration by the Director in relation to negotiated access for market entry and exit matters
Industry Stakeholder Management - Create collaborative environment for dialogue and consensus during early engagement with external stakeholders
- Build and sustain relationships with other NEOM Authority regulators to foster common approaches
- Develop and lead stakeholder consultation and engagement processes
- Implement and maintain the stakeholder management framework
Regulation Implementation - Propose, establish, review and modify regulations, other subordinate instruments and licensing, as required to ensure the efficient and effective operation of the regulatory structure
- Develop and implement a compliance and enforcement framework to measure compliance with regulations
- Implement the performance monitoring and reporting framework and establish information requirements
- Adopt digital technologies to enable efficient processes and regulatory reporting
- Manage alignment of regulatory efforts between service providers and the Energy Department
EXPERIENCE & QUALIFICATIONS Knowledge, Skills and Experience - Minimum 15 years’ experience in economic and utility regulation
- Experience in leadership roles or middle management roles
- Familiar with design of pricing and tariff structures and regulatory finance
- Subject matter expert in regulatory design and development
- Experience in assessing complex information against legal requirements
- Deep understanding of compliance and reform work in the electricity industry
Qualifications - Educated to degree level, master’s degree desirable
- Willingness to be based at NEOM Base Camp in Saudi Arabia and ready to commit to playing a part in the Water and Energy Department and NEOM achieving their ambition
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