Assistant Manager Business Finance (Budgeting & Reporting)

Our employees are our company's greatest asset - they are our real competitive advantage. We possesse immense power of innovation, immagination and a desire to attract and retain the best; provide them with encouragement, stimulus, and make them feel that they are an integral part of the company's mission.

Purpose

The position contributes in the analysis of departments Key areas & helps in better decision making through preparation of different analytical reports. Releases / Supplement the budget amount in accordance with financial mandates and SOPs also explore the opportunity for process improvement and paperless environment.

Education

ACMA/ ACCA or similar qualification

Years Of Experience

At least 1 year of experience

Functional Competencies

ACT RESPONSIBLY WITH INTERGITY

THRIVE IN CHANGE

LEAD WITH INSPIRATION

EMPOWER TEAMS

DELIVER RESULTS

DELIVER CUSTOMER VALUE

DECIDE STRATEGICALLY

Area Of Responsibilities

• Budgeting (25%)
• Prepare and monitor annual O&M budgets aligned with business investment plans and regulatory requirements.
• Collaborate with cross functional teams to collect budget inputs and ensure consistency with organizational objectives.
• Monitor MYT allowances and ensure budgets remain aligned with NEPRA approvals.
• Develop comprehensive budget reports and presentations for management review and Board approval.
• Coordinate with the Budgeting and Planning team to respond to queries from management, the Board, and investors.
• Create and maintain WBS structures in SAP ensuring accurate integration of all budget related data.
• Prepare and update budget manuals for user departments, consolidating guidelines and procedures for effective budget management.
• Reporting (30%)
• Conduct variance analysis on budgets to identify and explain deviations.
• Monitor financial performance against targets, providing insights for resource allocation and expenditure control.
• Manage budgetary approvals in line with financial mandates and SOPs.
• Ensure financial compliance across O&M projects.
• Prepare monthly O&M commitments including cash flow forecasts, utilization reports, and variance analysis.
• Support monthly reporting activities by contributing to commitment tracking, cash spending, and finance reports.
• Reconcile actual O&M expenses with budgeted amounts and analyze variances.
• Develop monthly O&M performance reports highlighting key plant level financial and operational metrics.
• Act as a finance business partner by supporting all user departments with financial analysis, guidance, and compliance.
• P&L (15%)
• Prepare monthly plant wise P&L statements based on tariff structures and detailed cost breakdowns.
• Collaborate with the reporting team to allocate central costs including O&M, finance costs, other expenses, and income.
• Coordinate with plant teams to manage cost allocations within generation plants for central expenses.
• Perform revenue and cost reconciliations to identify drivers of losses or gains, proposing measures to minimize losses and maximize value.
• Issue plant wise P&L reports and liaise with plant management to identify gaps and opportunities for value addition
  
  

Areas Of Responsibilities (Contd)

• 4. MYT: (10%)
• Ensure compliance with investment plan limits and report any variations promptly.
• Develop and maintain long term financial models to analyze plant lifecycle revenue, O&M expenses, and net reserves, providing actionable insights.
• Review long term business planning and investment forecasts, highlighting risks and recommending solutions.
• Prepare regulatory submissions and ensure compliance with NEPRA guidelines.
• Conduct impact analysis of tariff changes on plant profitability and cash flows.
• Coordinate with regulatory bodies to address queries and provide supporting documentation.
• Develop scenario analysis for tariff adjustments, investment plans, and risk mitigation.
• Ad-hoc Support: (10%)
• Provide support for regulatory and internal audit engagements.
• Assist in preparing board requirements and investor analysis.
• Assist in compliance documentation and regulatory submissions as required.
• Provide ad hoc variance analysis for leadership decision making.
• Coordinate with cross functional teams to deliver urgent data requests and reports.
• Support special projects such as cost rationalization, benchmarking, or policy reviews.
• Policies, Process Improvements, Automation: (10%)
• Implement budget policies to achieve desired financial outcomes.
• Collaborate with teams to identify and execute process optimization opportunities.
• Conduct risk assessments and audits to highlight compliance gaps and recommend corrective actions.
• Develop and update SOPs while ensuring compliance with accounting standards.
• Design automated workflows to streamline processes and improve efficiency.
• Evaluate business processes for automation opportunities, while monitoring major project statuses.
• Support IT automation projects to enhance efficiency and effectiveness across operations.
• Optimize approval management and team performance by improving accountability and energy levels.
• Lead team management initiatives, devising measures for continuous skill improvement and professional growth.
  
  

KE provides equal employment opportunity (EEO) to all persons regardless of age, color, origin, physical or mental disability, race, religion, creed, gender, marital status, status with regard to public assistance or any other characteristic protected by federal, state or local laws.

Women and persons with disabilities are encouraged to apply. Role suitability for PWDs will be assessed in accordance with HSE standards.