Assistant Manager Business Finance - EF

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:

Budgeting / Reporting & MYT:

- Preparing and Compilation of Annual CAPEX and REVEX budget and its subsequent monitoring and controlling aligned with Business investment plan and NEPRA limits.
- Collaborate with cross-functional teams to gather budget inputs and ensure alignment with departmental and organizational goals.
- Performing variance analysis on budgets / plans to identify and analyze variations.
- Close monitoring and controlling of projects and maintaining visibility.
- By closely tracking and analyzing financial performance against budgeted targets, provide valuable insights to management and aids in making informed decisions regarding resource allocation and expenditure control.
- Seek budgetary approvals from the leadership and provide approvals while releasing budget amount, in accordance with financial mandate and other relevant SOPs. 
- Ensure financial control over CAPEX / Revex projects / activities and compliance with signature mandates.
- Preparing monthly CAPEX Commitment.
- Preparing monthly cash flow forecast.
- Perparing monthly Utilization Report and circualte to Business Users along with provide the variance reasoning & identity gap analysis.
- Asssit in monthly reporting activities which include inputs into Commitment / Cash spending report, Monthly Finance report, Business Unit Performance report.
- Ensure adherence to the plan for budgeting including but not restricted to giving strong insights/drive numbers during cross-functional meetings.
- Regularly reconcile actual capex expenses with budgeted amounts and analyze variances.
- Develop performance reports that highlight key metrics and KPIs related to alignment with expenses allowed by regulatory.
- Gather, analyze, and interpret data to generate meaningful insights and actionable recommendations.
- Drive and revamp the cost allocation mechanism for allocation of Enabling / Support function costs to Core functions i.e. Generation, Transmission and Distribution
- Develop systems to capture cost allocations at the core enabling ownership of service costs within the BUs.

- MYT Investment plan; Preparation, submissions, review of NEPRA investment plan related to Enabling functions in co ordination with stakeholders.
- Ensure execution of investment plan as per allowed limits and timely highlight variations to the leadership along with reasons.
- Review of Long-term business planning for Enabling Functions, investment forecasts etc 
- Highlight risk areas with respect to allowed investments and actual executions and provide support for solutions.
- Adhere to proceedings of Tariff determination for Enabling Functions and provide support to Tariff team including for data provisions, verifications, investment plan details, execution details etc
- Assit in presenting and discussing performance through various MIS reports, which facilitate effective decision-making and provide visibility on the necessary adjustments required to achieve medium and long-term goals.

Ad-hoc Support:

- Identify risks areas and control weaknesses and propose improvements and opportunities wherever applicable. Ensure compliance in all transactions.
- Demonstrate dynamic approach and will to challenge the status quo by identifying opportunities for efficiency, knowledge sharing and continuous improvement in the activities of finance.
- Perform robust financial evaluations of business cases, including scenario analysis and post-implementation reviews.
- Provides support on an ad-hoc basis when dealing with the regulator and internal audit.

Policies, process improvements, Automation:

- Implementation of budget policies to achieve desired outcomes.
- Collaborate with cross-functional teams to identify process optimization opportunities and implement efficiency measures within the enabling functions.
- Conduct regular risk assessments and audits to identify compliance gaps and propose corrective actions.
- Assist in devising SOPs and suggesting changes to signature mandates, policies. Ensuring compliance with accounting standards.
- Design, develop, and implement automated workflows and systems to streamline manual processes. Collaborate with cross-functional teams to gather requirements and ensure seamless integration of automated solutions, which include post-go-live support.
- Evaluate current business processes and identify opportunities for automation and paperless improvement. 
- Pre and post project evaluations and monitor status of major projects (timelines and budgets)

Education & Experience:

Minimum Bachelor's degree or ACCA member with 2+ years of relevant experience.

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.

Women and persons with disabilities are encouraged to apply. Role suitability for PWDs will be assessed in accordance with HSE standards.