Manager Business Finance (Plant wise P&L, Sharing mechanism & PPA)

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 purpose of this role is to support GM Generation Revenue, Tariff & PPA in carrying out tasks related to Plant wise P&L, O&M Sharing & related research activities and PPA Management for all KE Generation Plants and subsequent reporting requirements for internal stakeholders.

Education & Relevant Experience

Qualified CA with training period completed, Qualified ACCA with 3 years of experience or a Bachelors’ Degree in Finance / Business Administration.

1 PPA Formation, execution and compliance / O&M sharing mechanisms

Power Purchase Agreement (PPA) Management

• Review and analyze existing and proposed power purchase agreements (PPAs): Meticulously examine all terms and conditions within PPAs, assessing factors such as pricing structures, capacity guarantees, performance benchmarks, and termination clauses. Ensure these terms align with the company's commercial and operational requirements.
• Identify and assess potential risks associated with PPAs: Conduct a thorough risk assessment to pinpoint potential challenges associated with PPAs. This includes evaluating the impact of fuel price fluctuations, volume variances outside agreed parameters, force majeure events (unforeseen circumstances), and the ability of the supplier to meet guaranteed/ agreed performance levels.
• Develop and implement strategies to manage contractual risks: Formulate strategies to mitigate identified risks within PPAs. This may involve incorporating hedging mechanisms for volatile fuel costs, negotiating flexible volume adjustments, or outlining clear dispute resolution procedures for performance issues.
• Negotiate terms and conditions within PPAs: Represent the company during PPA negotiations, aiming to secure the most favorable terms possible. Focus on negotiating competitive pricing structures, obtaining sufficient capacity guarantees to meet demand, and establishing clear termination clauses that protect the company's interests.
  
  

Benchmarking and Market Intelligence

• Benchmark power procurement practices and costs against peer Independent Power Producers (IPPs): Gather data on power purchase agreements signed by peer IPPs and analyze their procurement strategies. Identify areas where the company's practices can be improved to achieve cost savings or enhance operational efficiency.
• Coordinate and liaise with peer IPPs: Establish and maintain relationships with representatives from other IPPs. Participate in industry association meetings and conferences to exchange knowledge and gather insights on market trends. Utilize informal communication channels (industry networks, professional groups) to obtain valuable market intelligence on prevailing power purchase rates, emerging trends, and best practices for managing contractual risks.
  
  

O&M Cost Sharing and Reporting

• Analyze and evaluate O&M cost sharing mechanisms within PPAs: Decipher the clauses within PPAs that govern the allocation of operation and maintenance (O&M) costs between the company and the power supplier. Evaluate the fairness and efficiency of these mechanisms, considering factors such as cost components included, allocation methodologies, and dispute resolution procedures.
• Propose strategies to optimize cost allocation: Based on the analysis of O&M cost sharing mechanisms, recommend strategies to ensure the company receives a fair share of cost allocation within PPAs. This may involve negotiating revisions to existing agreements or incorporating more favorable terms in future PPAs.
• Maintain comprehensive records: Develop and maintain a centralized repository for all power procurement documents, including tariffs, PPAs, and O&M agreements. Ensure all records are organized, easily accessible, and up-to-date.
• Prepare reports and presentations: Compile regular reports summarizing findings and recommendations related to tariff indexation, PPAs, and O&M sharing mechanisms. Present these reports to stakeholders in a clear and concise manner, effectively communicating the impact of power procurement activities on the company's financial performance.
  
  

Regulatory Compliance

• Stay abreast of regulatory changes: Continuously monitor regulatory updates and developments in the power sector. Utilize industry publications, legal resources, and government websites to stay informed on any changes to regulations governing power procurement activities.
• Ensure compliance: Review all power procurement activities against relevant regulations and contractual obligations. Implement procedures to ensure the company remains compliant throughout the PPA lifecycle.
  
  

2 Plant wise P&L reporting

• 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
• Work with plants on the cost allocations within the plants for Generation central costs
• Prepare reconciliation of revenue and cost side to identify reasons for Losses / Gains to minimize losses and maximize value
• Issue plant wise P&L to the plants and liaison with plants to identify gaps and areas for value addition
• 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
  
  

3 Stakeholder Management & Conflict Resolution

• Proactively identify potential conflicts arising from negotiations with power suppliers or disagreements with internal stakeholders regarding power procurement strategies.
• Employ active listening and clear communication skills to mediate discussions and facilitate solutions that satisfy all parties involved.
• Maintain a collaborative working relationship with internal stakeholders from engineering, operations, and finance departments to ensure alignment between contractual obligations and operational capabilities.
• Manage expectations by providing clear and timely communication on power procurement activities and potential risks to relevant stakeholders.
• Provide guidance and support to the Manager Revenue deputed at each plant, fostering positive relationships and alignment with central revenue objectives.
• Collaborate with plant teams to address Data-related concerns and ensure compliance with standardized processes and quality assurance measures.
• Promote a culture of transparency, trust, and accountability in dealing with conflicts and stakeholder interactions, facilitating constructive dialogue and problem-solving.
  
  

3 Team Management

• Leadership: Provide direction and guidance to team members, setting clear goals and expectations.
• Resource Allocation: Optimize resource allocation to support team objectives and project deliverables.
• Performance Management: Evaluate and enhance individual and team performance through feedback and coaching.
• Development: Identify and facilitate opportunities for team members' skill enhancement and career growth.
• Communication & Feedback: Foster open communication and collaboration alongwith a Feedback Culture within the team and with stakeholders.
• Conflict Resolution: Address conflicts promptly and constructively to maintain team cohesion.
  
  

4 Management Reporting & MIS

• Oversee the preparation, review, and analysis 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.
• Conduct thorough reviews and analysis of management reports to extract actionable insights and facilitate informed decision-making.
• Provide guidance and support to team members involved in report preparation, ensuring adherence to quality standards and best practices.
• Communicate findings and recommendations from management report analysis to relevant stakeholders, facilitating discussions and driving strategic initiatives.
• Continuously evaluate and refine reporting processes to improve effectiveness and efficiency in delivering ad hoc management reports.
  
  

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.