Assistant Manager Business Finance Generation

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 is responsible for assisting supervisor in controlling & reviewing the financial/commercial matters of Business Development Projects containing series which includes assessment of project cost at feasibility stage, review of bid documents and power purchase related contracts and agreements, perform commercial analysis to support negotiations and Fuel Planning & handling.

Further, compilation of annual budget in line of business plans and subsequent monitoring with reference to contractors' payments, CAPEX and REVEX spending.

The objective of the position is to act and assist the supervisors in project controlling and manage project commercial risks in all activities in accordance with contract terms, company policies, NEPRA regulations and applicable delegation of authority.

This role also covers for Fuel Planning & Controlling, monthly and daily fuel reporting, vendor reconciliations, NEPRA FCA filings, import billing reconciliations, ADP variance analysis, fuel consumption dashboard automation, and active participation in alternate fuel feasibilities, HSD commissioning, and strong stakeholder engagement.

Education
Member of Professional Accounting Body (ICAP/ACCA/ICMA etc.)

Or MBA

Knowledge
Project Controlling

Contract Management

Business Modelling

Procurement Control

Regulatory and Management Reporting

Budgeting and Controlling

Accounting Standard and Basic Tax Rules

Understanding of Utility Business

SAP FI, MM, PS and Open Text modules

Understanding of NEPRA Tariff Mechanics and FCA Filing Requirements

Working knowledge of fuel invoicing, vendor reconciliations, and import billing processes

Exposure to feasibility analysis, particularly in Power & Fuel sectors

Experience
3-4 years of relevant experience

Area Of Responsibilities

• Budgeting and Controlling (25%)
• Review and compile the annual CAPEX and REVEX budget in coordination with User department with subsequent controlling and reporting.
• Prepare the budget report for management and Board approval.
• Asist in analyzing complex financial information for management decision support.
• Review the actual spending against targeted forecast and analyze the Gaps in coordination with user.
• Liaison with Contractors on Payment and shipment schedule in order to monthly revisit budgeted forecasts.
• Coordinate with Budgeting and Planning in order to respond the queries of Management, Board and investor.
• Project Controlling and Business Partnering (40%)
• Assist in reviewing contract/agreements and benchmarking them with other related projects.
• Assist in preparing comparatives of critical commercial and financial points for discussion and negotiation with the IPPs / vendors
• Assist in reviewing project feasibilities and conducting market/ industry research for projects that are relatively new to the company.
• Verify and review project, IPPs and other invoices and ensure compliance with contracts/ POs.
• Reviewing and controlling financial/ commercial activities of user departments.
• Assist in Ongoing monitoring and reviewing monthly progress of projects and attending meeting with users and vendors.
• Prepare Payable balance reconciliation of Independent Power Producers and Captive Power Producers.
• Co-ordination and liaision with support departments to meet their expectations and for better controlling
• Assist in participating and effectively communicating commercial and financial points during project and other user department meetings and presentations.
• Assist in carrying out commercial closure of the Project along with relevant user department.
• Review and analyze contract terms & condition, BOQs and other schedule before contract signing with procurement and technical team.
• Monitor project commercial activities such as compliance of contract and its schedule during execution.
• Coordinate with project team for project activities reviews.
• Provide support to project team for the timely completion of project.
• Ensure the accuracy and effective time management while processing payments to contractors / IPPs
• Reporting and MIS (20%)
• Prepare monthly budget Revex & Capex variance Report for User department.
• Prepare monthly Finance Management Report & Quarterly report of IPPs progress
• Prepare monthly IPPs report for their outstanding issues and settlement. This report helps for identifying and timely closure of issues in coordination with user department
• Support the regulatory department in order to respond all query from NEPRA related to project. Make sure the effective and accurate communication with user department.
• Assist in preparing of various reports for Power Projects for onward reporting to NEPRA and other regulatory agencies.
• Prepare pre and post project evaluation and monitor status of major projects (timelines and budgets)
• Explore the opportunity for process improvement, reduction in repetitive tasks and encourage paperless environment.
• Ensure the accurate recording of project assets and expenses and timely capitalization.
• Submit NEPRA FCA reporting of fuel consumption, invoices, and GCV certificates
• Prepare and automate fuel dashboards tracking allowed inventory vs actual, unit-wise gas consumption, ADP variances, and make-up gas movement
• Daily and weekly generation reports including vendor outstanding and consumption variance
• Management (15%)
• Ensuring compliance with company's policies, procedures and signature mandate for better controls specially over financial reporting.
• Coordination and liaison with project team to resolve discrepancies.
• Coordination and liaison with project team, payable team and Treasury for smooth processing of IPPs payments.
• Coordination with external and internal auditors.
• Assist and Suggesting to carrying out IT related automation projects to induce efficiency and effectiveness in processes.
• Assist in preparing and update SOPs and approval man management, optimizing team performance by improving energy levels
• Team management and devising measures for continuous improvement of skills of team related to business areas (where applicable)

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.