Assistant Manager Expenditure

K-Electric


Date: 2 weeks ago
City: Karachi
Contract type: Full time
PURPOSE

To prepare, process and monitor REVEX budgets/expenses of the Cluster

Minimum Requirements

BBA / Bachelor's degree in Finance/ Accounting Certification .

2 to 3 years’ relevant experience.

Knowledge (Functional)

  • Business Finance
  • Analysis and Reporting
  • Knowledge of relevant SAP Modules and other analysis tools like BEX, Qlick View etc.
  • Intermediate MS Office Skills

Business/Industry knowledge (preferable)

AREAS OF RESPONSIBILITY

People

  • Provide guidance and direction to the teams.
  • Drive development and objective structurization plans.
  • Co-ordinate the performance management review process – probationary, mid and annual reviews; regular catch-up meetings with individual team members on periodical basis.
  • Maintain a favorable work relationship with the team to promote a cooperative and harmonious work environment.

Business

REVEX Budgeting And Monitoring

  • Assist Manager Finance in preparing REVEX budget for the entire cluster considering past trends and forecasted requirements.
  • Ensure coordination with Business Finance for creation of WBS pertaining specifically to REVEX items.
  • Monitor expenditure pertaining to Admin, Fleet, OSP, BDV, Daily Wages Hired Labour, CROs, Imprest, Conveyance and Other REVEX related items.
  • Arrange creation of CWRFs and undertake necessary coordination with counterparts in Civil departments for execution purposes.
  • Prepare interpretations and analysis of financial information gathered or received.
  • Assist in reconciling Imprest accounts of Cluster and other business units.

OSP & Fleet Services

  • Ensure creation of Fleet Requisitions and coordinate with Business Finance & Supply Chain Management for timely placement of CROs/POs to contractors/vendors of projects.
  • Prepare OSP Purchase Requisitions and coordinate with Business Finance & HR.

Processing And Scrutinizing Bills/Invoices

  • Process and verify contractors’ invoices for BDVs, DWHLs, CM CROs and Imprest settlements.
  • Monitor MNCV test forms, process contractors’ invoices and account reimbursement/settlements.
  • Verify fleet related invoices for expenditure made other than routine course of business (hiring of lifter/crane/excavator, fuel purchased for emergent situations etc.) and coordinate with Business Finance for swift processing.
  • Carry out verification and reimbursement of conveyance charges for the dispatchers of the cluster.

Data Analysis

  • Conduct periodic analysis on Budget Vs Actual for REVEX heads.

Health, Safety & Environment

Ensure that department operates in accordance with all the applicable health, safety and environmental protocols leading towards safety and well-being of staff & public.

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