Assistant Manager Business Finance – Plant wise P&L

Purpose

The purpose of this role is to support  Manager Plant wise P&L, Sharing Mechanisms & PPA  in carrying out tasks related to Plant wise P&L, O&M Sharing & related research activities for all KE Generation Plants and subsequent reporting requirements for internal stakeholders. Responsibilities include:

-    Assist in preparation and reporting of Plant wise P&L along with reconciliation of revenue and cost to identify Gain / loss - important as now plant will be responsible for their own P&L under the new Plant wise tariff regime
-    Monitoring tariff changes and their impact on company costs. 
-    Ensure consistency within KE plants and practices followed in other entities, and highlight risks where there are changes in processes. 
-    Creation of overhaul reserves required based on new Tariff structures.
-    Assist in automation of revenue recording and related processes

Education & Experience

Qualified ACCA with 1 year of experience or a Bachelors’ Degree in Finance / Business Administration with atleast 2 year of work experience 
 

Area of Responsibilities

1    Plant wise P&L reporting & Overhaul Reserves:
•    Prepare plant wise P&L on monthly basis based on Plant wise Tariff and break up of costs 
•    Work with reporting team to allocate central costs including O&M, Finance costs, other expense, other income etc.
•    Prepare reconciliation of revenue and cost side to identify reasons for Losses / Gains to minimize losses and maximize value
•    Prepare data submissions for Monthly management report and other management reports for Generation with respect to Plant wise P&L etc
•    Accounting of O&M expenses and reserves inline of new tariff regime 

2    O&M sharing mechanisms
    Analyze O&M Cost Sharing:
•    Carefully examine the clauses within Power Purchase Agreements (PPAs) that govern the allocation of operation and maintenance (O&M) costs.
•    Remain aware of the accuracy of the cost sharing mechanisms, considering factors such as cost components, allocation methodologies, and dispute resolution procedures.
•    Highlight and discuss any potential issues or areas of concern related to O&M cost sharing with Manager Plant Wise P&L and assist in development of strategies to mitigate risks.
Maintain Comprehensive Records:
•    Develop and maintain a centralized repository for all documents related to Revenue Models including tariffs, Indexations, and Plant Hourly Data.
•    Organize and index documents to ensure easy access and retrieval.
•    Regularly update and maintain records to reflect the latest information and changes.
Prepare Reports and Presentations:
•    Compile regular reports summarizing the findings and recommendations related to tariff indexation, Revenue Models and O&M sharing mechanisms.
•    Prepare clear and concise presentations to effectively communicate the impact of Plant Outages and other impacts interalia Degradation & other impacts on the company's financial performance.

4    Management Reporting & MIS
•    Preparation of ad hoc management reports, ensuring accuracy, relevance, and timeliness in delivery.
•    Collaborate with stakeholders to define report requirements and objectives, ensuring alignment with user needs and priorities.
•    Co-ordinate with plant teams involved in report preparation, ensuring adherence to quality standards and best practices.
•    Continuously engage with Manager Plant Wise P&L for refinement of reporting processes to improve effectiveness and efficiency in delivering ad hoc management reports.