Wholesale Electricity Spot Market & Compliance Specialist

Universal Robina Corporation; Kabankalan; On-site; PHP 900,000 - 1,200,000; Full time

Job summary

Universal Robina Corporation Sugar and Renewables SONEDCO is seeking a Wholesale Electricity Spot Market & Compliance Specialist to ensure WESM regulatory adherence and manage reporting obligations.

The role involves coordinating with PEMC, ERC, and internal teams, maintaining compliance documentation, and guiding maintenance periods to uphold regulatory standards while supporting milling season and off-milling activities.

Qualifications

• Bachelor’s degree in Engineering, Business Administration, IT, or related field.
• Proven experience in WESM compliance, regulatory affairs, or related role in power generation/energy sector.
• In-depth knowledge of WESM rules, PEMC regulations, and Philippine energy market.

Responsibilities

• Regulatory Compliance Management: monitor and ensure WESM rule compliance and PEMC guidelines.
• Reporting and Documentation: prepare and submit reports to WESM and regulatory bodies; maintain records and manuals.
• Audit and Inspection Coordination: coordinate internal and external audits; perform compliance assessments and implement corrective actions.
• Stakeholder Coordination and Communication: liaise with PEMC, ERC, and internal teams; provide training on WESM rules.

Skills

WESM compliance

Regulatory affairs

Stakeholder coordination

Audit coordination

Analytical skills

Risk management

Education

Bachelor's degree in Engineering/Business/IT

Tools

Compliance tools

Job description

Grow beyond UR job with URC!

Universal Robina Corporation Sugar and Renewables SONEDCO is looking for a Wholesale Electricity Spot Market & Compliance Specialist.

The WESM (Wholesale Electricity Spot Market) & Compliance Specialist plays a vital role in ensuring that the Power plant adheres to the regulatory requirements and standards set by the Philippine Electricity Market Corporation (PEMC) and other governing bodies. This role involves monitoring compliance with WESM rules, managing reporting obligations, coordinating with internal and external stakeholders, and overseeing compliance-related activities during both the milling season and off-milling maintenance periods.

Roles and Responsibilities

1. Regulatory Compliance Management:

• Monitor and ensure compliance with WESM rules, regulations, and guidelines issued by the Philippine Electricity Market Corporation (PEMC).
• Develop and implement compliance strategies and processes to meet WESM requirements and avoid any regulatory breaches.
• Stay updated with changes in WESM rules and other relevant regulations, ensuring the company's operations are always compliant.

2. Reporting and Documentation:

• Prepare and submit all required reports to WESM and other regulatory bodies accurately and on time.
• Maintain comprehensive records of all compliance-related activities, including documentation of audits, inspections, and regulatory communications.
• Develop and maintain compliance manuals and documentation to guide internal teams in adhering to WESM rules.

3. Audit and Inspection Coordination:

• Coordinate and facilitate internal and external audits related to WESM compliance.
• Conduct regular compliance assessments and audits to identify potential areas of non-compliance and implement corrective actions.
• Act as the primary point of contact during regulatory inspections and audits, ensuring all necessary information and documentation are provided.

4. Stakeholder Coordination and Communication:

• Collaborate with internal teams, including operations, finance, and legal, to ensure all aspects of WESM compliance are covered.
• Liaise with external stakeholders, including PEMC, the Energy Regulatory Commission (ERC), and other relevant entities, to address compliance-related issues and inquiries.
• Provide training and guidance to internal teams on WESM rules, regulations, and compliance processes.

5. Continuous Improvement Initiatives:

• Identify opportunities to improve compliance processes and reduce the risk of non-compliance.
• Participate in industry forums, workshops, and training sessions to stay informed about best practices and emerging trends in WESM compliance.
• Propose and implement improvements to the company’s compliance framework to enhance overall efficiency and effectiveness.

6. Risk Management:

• Assess and mitigate risks associated with WESM compliance, including financial penalties and reputational damage.
• Develop and implement risk management strategies to proactively address potential compliance issues.

7. Off-Milling Season Responsibilities:

• During the off-milling season, when WESM compliance requirements are reduced, take an active role in performing maintenance and repair activities on assigned equipment.
• Collaborate closely with maintenance and engineering teams to carry out necessary repairs, upgrades, and system modifications specific to your assigned equipment.
• Ensure that all maintenance and repair work on assigned equipment is conducted efficiently and in line with operational goals.
• Assist in planning, scheduling, and executing maintenance activities for assigned equipment to prepare the plant for the upcoming milling season.
• Update and maintain records of maintenance and repair activities on assigned equipment to ensure proper documentation and readiness for the next operational phase.

Qualifications:

1. Education and Experience:

• Bachelor’s degree in Engineering, Business Administration, Information Technology, or a related field.
• Proven experience in WESM compliance, regulatory affairs, or a related role within the power generation or energy sector.
• In-depth knowledge of WESM rules, PEMC regulations, and the Philippine energy market.

2. Technical Proficiency:

• Strong understanding of the operational and regulatory aspects of the Philippine Wholesale Electricity Spot Market.
• Proficiency in using compliance management software and tools for monitoring, reporting, and documentation purposes.

3. Regulatory Knowledge:

• Thorough knowledge of the regulatory environment in the Philippines, particularly in relation to the power and energy sector.
• Experience in dealing with PEMC, ERC, and other regulatory bodies.

4. Analytical and Problem-Solving Skills:

• Strong analytical skills to interpret regulatory requirements and assess their impact on company operations.
• Ability to identify compliance risks and implement effective solutions to address them.

5. Communication and Interpersonal Skills:

• Good communication and interpersonal abilities to work effectively with internal teams, regulatory bodies, and other stakeholders.
• Strong negotiation and conflict resolution skills to manage compliance-related issues and discussions.

6. Attention to Detail:

• High level of attention to detail to ensure accurate compliance reporting and documentation.
• Ability to manage multiple tasks and deadlines in a fast-paced regulatory environment.