Proficient Costing & Regulatory Accounts

Role Purpose

To support Omantel's regulatory compliance, Separated Regulatory Accounts (SRA), and internal management reporting by acquiring, analysing, validating, and maintaining financial and operational data used in telecom regulatory cost models. The role maintains and enhances fixed and mobile service costing models under HCA, CCA, and LRIC methodologies; ensures accurate mapping of OPEX, traffic, utilization, billing data, and allocation drivers; and develops service cost and profitability assessment models.

It produces regulatory and management reports, supports regulatory submissions and audits, and provides strategic financial insights to enable management decision-making, profitability analysis, and cost optimization initiatives.

• Unit:
  Finance
• Division:
  Strategic Finance
• Location:
  
  HQ

• Proficient: P5

• Qualification:
  
  Bachelor in relevant field
• Experience:
  • Proficient:
    Minimum 7 years of experience

• Develop and maintain the following regulatory cost accounting and economic models:
• Fully Allocated Costs (Historical) FAC HCA for fixed and mobile networks
• Fully Allocated Costs (Current) FAC CCA for fixed and mobile networks
• Top Down Long Run Incremental Costs (LRIC) for fixed and mobile networks (also to review, maintain and update BU version of LRIC from TRA).
• Preparation and submission of audited Separated Regulatory Accounts (SRA) and LRIC model results to Telecoms Regulatory Authority (TRA) Oman along with the required models and documentation on an annual basis for all regulated building.
• Ensure reconciliation between all models for cost outputs and formulation of network, wholesale and retail services and transfer pricing in compliance with the regulatory construct/ license and legal framework of accounting separation.
• Build standalone costing model to ensure segregation of the cost to different services of inputs to the cost model.
• Ensure the data used in the cost model is of good quality and ensure tracking of the source holder and his approval.
• Ensure reconciliation of input data with the Company GL (ERP's financial system), Statutory Accounts and Management accounts
• To control cost analysts' tasks in extraction of financial data from ERP and other data sources (GL, FAR & other subsidiary financial data)
• To ensure executive of the cost allocations process based the most appropriate and available drivers.
• Ensure the performance of analyzing results SRA results and spot out the variance and their rational and propose the necessary adjustments to maximize the benefits.
• To control, maintain, update, of DFS to ensure its alignment with the financial parent financials and the SRA requirements.
• Identify fixed and variable costing elements and implement a structured data capture mechanism for model inputs.
• Ensure full auditability, data trail and transparency within the models from inputs to final output stages
• Ensure the preparation and submission of other regular/ ad-hoc financial inputs to Regulator, e.g., WACC, margin squeeze model, justifications and clarification data related to SRA and LRIC submissions.
• Ensure the preparation and analysis of the data requested to execute the costing model.
• Profitability Analysis:
  Maintain and update profitability models, providing management reports and insights on services profitability and margin analysis.

• To prepare, maintain, update and submit annually for TRA Approval Accounting Separation Methodology Documentation (ASMD) & IS list within stipulated time frame and prepare the justifications for any deviation from the TRA mandates.
• Analyze and organize regulatory cost reporting in a way to ensure that all submission to Telecoms Regulatory Authority (TRA) Oman support regulatory compliance requirements and strategic interests of Omantel.
• Prepare, audit, and submit the WACC calculation and Divisional Financial Statements (DFS), including a detailed breakdown of major accounts into Fixed, Mobile and other segments. Additionally, identify and eliminate intra-company transactions in the DFS finalization.
• Finalization and Quality Assurance of Regulatory Financial Statements and accompanied Reports - Annual FDC-HCA/FDC-CCA/TD-LRIC results as per AS regulation, guidelines and internal requirements.
• To supervise preparation and update of Accounting Documents and Detailed Attribution Methodology (DAM) along with any other reports for submission of the Separated Regulatory Accounts, annually.
• To ensure submission of annual Regulatory Accounts and other regular/ ad-hoc financial inputs to Regulator,
• To ensure the analysis and preparation of any other reports from the costing model that will support internal decisions.

• Liaise with Consultants and Auditors for ensuring compliance projects, clarifying and meeting regulatory requirements on behalf of Omantel.
• External communication and consultations…