Assistant Manager Business Finance – Plant wise P&L
K-Electric
Date: 1 week ago
City: Karachi
Contract type: Full time
Purpose
Responsibilities
The purpose of this role is to support Manager Plant wise P&L, Sharing Mechanisms & PPA in carrying out tasks related to Plant wise P&L, O&M Sharing & related research activities for all KE Generation Plants and subsequent reporting requirements for internal stakeholders. Responsibilities include:
Qualified ACCA with 1 year of experience or a Bachelors’ Degree in Finance / Business Administration with atleast 2 year of work experience
Area Of Responsibilities
1 Plant wise P&L reporting & Overhaul Reserves:
Analyze O&M Cost Sharing
Responsibilities
The purpose of this role is to support Manager Plant wise P&L, Sharing Mechanisms & PPA in carrying out tasks related to Plant wise P&L, O&M Sharing & related research activities for all KE Generation Plants and subsequent reporting requirements for internal stakeholders. Responsibilities include:
- Assist in preparation and reporting of Plant wise P&L along with reconciliation of revenue and cost to identify Gain / loss - important as now plant will be responsible for their own P&L under the new Plant wise tariff regime
- Monitoring tariff changes and their impact on company costs.
- Ensure consistency within KE plants and practices followed in other entities, and highlight risks where there are changes in processes.
- Creation of overhaul reserves required based on new Tariff structures.
- Assist in automation of revenue recording and related processes
Qualified ACCA with 1 year of experience or a Bachelors’ Degree in Finance / Business Administration with atleast 2 year of work experience
Area Of Responsibilities
1 Plant wise P&L reporting & Overhaul Reserves:
- Prepare plant wise P&L on monthly basis based on Plant wise Tariff and break up of costs
- Work with reporting team to allocate central costs including O&M, Finance costs, other expense, other income etc.
- Prepare reconciliation of revenue and cost side to identify reasons for Losses / Gains to minimize losses and maximize value
- Prepare data submissions for Monthly management report and other management reports for Generation with respect to Plant wise P&L etc
- Accounting of O&M expenses and reserves inline of new tariff regime
Analyze O&M Cost Sharing
- Carefully examine the clauses within Power Purchase Agreements (PPAs) that govern the allocation of operation and maintenance (O&M) costs.
- Remain aware of the accuracy of the cost sharing mechanisms, considering factors such as cost components, allocation methodologies, and dispute resolution procedures.
- Highlight and discuss any potential issues or areas of concern related to O&M cost sharing with Manager Plant Wise P&L and assist in development of strategies to mitigate risks.
- Develop and maintain a centralized repository for all documents related to Revenue Models including tariffs, Indexations, and Plant Hourly Data.
- Organize and index documents to ensure easy access and retrieval.
- Regularly update and maintain records to reflect the latest information and changes.
- Compile regular reports summarizing the findings and recommendations related to tariff indexation, Revenue Models and O&M sharing mechanisms.
- Prepare clear and concise presentations to effectively communicate the impact of Plant Outages and other impacts interalia Degradation & other impacts on the company's financial performance.
- Preparation of ad hoc management reports, ensuring accuracy, relevance, and timeliness in delivery.
- Collaborate with stakeholders to define report requirements and objectives, ensuring alignment with user needs and priorities.
- Co-ordinate with plant teams involved in report preparation, ensuring adherence to quality standards and best practices.
- Continuously engage with Manager Plant Wise P&L for refinement of reporting processes to improve effectiveness and efficiency in delivering ad hoc management reports.
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