Assistant Manager Business Finance - Budgeting & MYT

Purpose

To Provide support to Manager in Finance Business Partner activities related to Transmission Routine – Grid Station Operations. Primarily responsible for Budgeting and Controlling activities along with Management reporting.

Education (Mandatory)

ACCA or MBA Finance

Trainings & Certifications

    Have good financial analysis skills
    Proficient in MS Office.
    Good command over SAP (MM/PS/FI)
    Good time management.
    Good communication skills.
    Experience of Business partnering role, should be comfortable dealing with internal / external stakeholder
    Team player
 

Years of Experience

3-4 years experience

Functional Competencies

Area of Responsibilities

1. Budgeting, Controlling & Reporting   
   •    Assist in preparing the annual CAPEX and REVEX budgets for all departments and monitor them against actual consumption to ensure effective control and accurate reporting.
   •    Prepare monthly CAPEX and REVEX variance reports, along with actual vs. NEPRA-allowed reports, to enhance control and monitoring.
   •    Review actual spending against forecasted targets, analyze discrepancies, and coordinate with users to address any gaps.
   •    Prepare various reports for the transmission network for submission to NEPRA and other regulatory agencies.
   •    Monitor and report on the status of transmission special projects, including pre- and post-evaluation of timelines and budgets.
   •    Ensure proper internal controls are in place for expenditure consumption, with all transactions accurately accounted for, and provide variance analysis and explanations throughout the year.
   •    Prepare monthly PM order settlement reports to identify and resolve outstanding issues in coordination with the user department.
   •    Prepare quarterly reports on CGTO goals, identifying reasons for any variances.
2. Closing Activities   
   •    Monitor plant maintenance orders and WBS for material procurement, issuance, and consumption.
   •    Coordinate with users to maintain settlement rules for orders and resolve any issues to ensure timely settlements.
   •    Perform monthly settlements of plant maintenance orders and WBS.
   •    Review and monitor CAPEX cash spending on a monthly basis, reporting variances with explanations to the BPR team.
   •    Prepare monthly O&M reports, providing explanations for variances against the FY-25 budget.
   •    Prepare monthly CWIP reports, explaining variances against the FY-25 budget.
   •    Reconcile invoices and payments on a monthly basis, addressing any overdue payments at KE's end and resolving discrepancies.
3. Management   
   -   Ensure compliance with company’s policies, procedures, and signature mandate for better controls, especially over financial reporting.
   -    Coordination and liaison with transmission users to resolve discrepancies.
   -    Coordination and liaison with transmission users, payables team and treasury for smooth processing of transmission payments.
   -    Coordination with external and internal auditors.
4. Business Automation   
   •    Support the implementation of SAP S/4HANA, ensuring accurate and efficient data migration from SAP ECC, including thorough testing and validation to maintain data integrity.
   •    Serve as the primary point of contact between the department and consultants, ensuring clear, timely communication focused on achieving project goals.
   •    Actively participate in testing phases, identifying issues or areas for improvement, and providing feedback to consultants to enhance system functionality.
   •    Provide support in digitalization and innovation initiatives, including the development of new dashboards for improved control and reporting.
5. Fixed Assets   
   •    Capitalize fixed assets on a quarterly basis, and report on fixed assets status.
   •    Ensure completeness and accuracy of the asset master data.
   •    Manage fixed asset transfers and disposals, ensuring all required information is provided before approvals.
   •    Ensure the completion of FAR data and collaborate with the reporting team to address various subject matters.