AM Business Finance - ECL Reporting

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 ensuring the accuracy and efficiency of data extraction, validation, and financial analysis related to Expected Credit Loss (ECL) and Sales Reversal processes. This position plays a key role in liaising with various stakeholders, including IT, CRMC, financial reporting, and audit teams, to ensure seamless coordination and resolution of issues. The primary objectives include timely extraction and validation of data for ECL and Sales Reversal calculations, adherence to IFRS guidelines, and continuous improvement of processes through policy review and system enhancements. By providing key support in budgeting, policy review, and stakeholder coordination, the role contributes to the overall financial integrity and decision-making process of the organization.

Education and Relevant Experience: 

MBA/any Finance Professional with minimum 3 years of relevant experience

Knowledge and Skills:
Strong Business Knowledge and understanding
Technical Knowledge
Strong financial concepts
Performance Management
Data Analytics
Decision Making & Problem Solving
Planning and Organizing
 

Areas of Responsibilities:

1.     Data Extraction and Valication
Extract data necessary for calculating Expected Credit Loss and Sales Reversal and collaborate with IT department to address any issues that may arise.
Validate data pertaining to the performance of Recovery Schemes and collaborate with the CRMC team to resolve any issues encountered.
Offer assistance to fellow team members regarding data extraction and coordination with IT for system development purposes.

2.    Expected Credit Loss (ECL) & Sales Reversal
Prepare Expected Credit Loss monthly in accordance with the guidelines outlined in IFRS 9.
Compute Expected Credit Loss based on various recovery and other assumptions.
Calculate revenue to be derecognized in the financial statements of non-paying consumers as per the guidelines of IFRS 15.
Assist Manager in perform scenario-based analysis on sales reversal resulting from changes in tariff, T&D loss and other assumptions.
Conduct periodic reviews of the Expected Credit Loss (ECL) policy and recommend amendments as necessary.
Update the ECL policy to align with any changes in International Accounting Standards (IAS/IFRS).

3.    Budgeting
Preparation of Budget of Expected Credit Loss (ECL) and Sales Reversal.
Assist Manager in monthly phasing of ECL and Sales Reversal budget.

4.    Co-ordination with Stakeholders
Provide necessary data to financial reporting as per requirements concerning Expected Credit Loss (ECL), consumer receivables, and sales reversal.
Coordination with IT regarding issues faced related to ageing file and other ad hoc issues.
Providing information and data to internal and external audit and response on observations and assist Manager in addressing their related queries/observations.
Coordination with CRMC related to write-off, write-back and recovery scheme data and discuss with them in case of any issue

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.