Manager Financial Process Review and Improvement

Purpose

This role acts as a lead for Financial Process Review and Improvement. Key responsibilities include:

• Preparation and finalization of finance process improvement plan to include periodic selection of area and financial process for improvement and timeline.
• Coordinate with finance process owners to drive critical process improvements and automation in Accounting, and other functional areas, including mapping of current state processes, assessment of bottlenecks, gaps, and interdependencies, and design and implementation of future state solution
• Ensure development and maintenance of standardized operating procedures that reduce process variation while allowing for flexibility and scale
• Assess the feasibility of implementing finance process automation solutions and digital tools and recommend suitable implementation plan.
• Ensure that all financial processes and practices meet the compliance and/or reporting requirement of NEPRA, Accounting standards and industry practices
• Preparation and finalization of action plan for improvements.
• coordinating and monitoring the implementation of approved process improvements, working closely with stakeholders to ensure smooth transition and adoption.
• Measure, monitor, and evaluate the effectiveness of process improvements post implementation and make appropriate future enhancements to optimize efficiency and effectiveness
  
  

Education

MBA / ACCA / CA

Experience

3 - 5 years of professional experience (including articleship experience)

Area Of Responsibilities

Preparation of ResponsesPreparation of Responses (40%)

• Coordinate with concerned departments on a proactive basis to obtain data required by external stakeholders.
• Prepare initial draft responses to explanation, show cause notices and other letters issued by NEPRA from time to time with respect to various subject matter as well as prepare initial drafts of review petitions and appeals against unfavorable decisions of NEPRA in light of information received from relevant departments and finalize the same after discussion.
• Prepare supporting documents including but not limited to cheques, authority letter, affidavit, etc to be enclosed with the Appeals and Review Motions filed on behalf of KE in NEPRA or in court
  
  

Reporting (25%)

• Coordinate with relevant department for extraction and compilation of necessary periodical and ad-hoc reports related to Generation, Transmission and Distribution segments to ensure compliance with provisions of KE’s licenses, Applicable rules & regulations of NEPRA as well as directives of NEPRA.
• Ensure timely submission of reports to NEPRA as per stipulated timeframes in compliance to the provisions of KE’s licenses, applicable rules & regulations of NEPRA and its directives.
  
  

Modifications in Licenses (10%)

• Coordinate with relevant departments to obtain necessary supporting data in respect of proposed modification of licenses of KE.
• Prepare initial drafts of license modification application in accordance with applicable rules and regulations of NEPRA.
• Arrange and prepare all relevant supporting documents to be enclosed with the modification application.
• Prepare initial comments of KE against any application or modification in licenses of other entities affecting the exclusivity of KE’s license.
  
  

Regulatory Advice (15%)

• Provide regulatory advice on queries raised by internal stakeholders
• Provide regulatory advice on bulk power supply contracts, O&M contracts, etc to ensure their compliance to NEPRA Rules and Regulations.
• Provide regulatory advice on Power Purchase Agreements to ensure they are in compliance to NEPRA Rules and Regulations.
• Provide input on draft petitions received from external legal counsel in respect of cases to be filed at court.
  
  

Review and Analysis (10%)

• Review and scrutinize net metering applications received from KE’s Energy Conservation Department (ECD) to ensure their compliance with applicable regulations of NEPRA and forward the same to NEPRA.
• Coordinate with ECD in case of any additional required or in case where missing or incorrect information has been provided in the application and resolve the same.
• Provide regulatory advice in line with NEPRA Net Metering Regulations to queries raised in relation to net metering issues.
• Analyze new or changes made in rules and regulations by NEPRA to ascertain their impact on KE.
• Prepare brief analysis of any changes in rules and regulations for concerned audience to apprise them of the impact and assist them in deciding course of action to be adopted.
• File KE’s comments in respect of changes introduced by NEPRA in its rules and regulations.
  
  

Competencies

Safe

DRIVES RESULTS > Value (CUSTOMER CENTRIC + ENERGIZED)

SELF AWARENESS > Value (ACCOUNTABILITY)

MENTAL AGILITY > Value (ENERGIZED)

INTERNAL & EXTERNAL STAKEHOLDER MANAGEMENT > Value (CUSTOMER CENTRIC + RESPECTFUL)

DRIVES CHANGE > Value (ENERGIZED)