Deputy General Manager Business Finance-Fuel Budgeting, Reporting & Investment Verifications

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: 
This position is primarily responsible to provide Finance partnering in securing & ensuring fuel supply and engages in negotiations with vendors such as PLL, PSO, BYCO, SSGC etc for existing power projects and engages in Contracts monitoring & management; responsible for Financial side of Fuel Supply Management for RLNG, FO, Gas and High Speed Diesel oil (HSDO) procurement in line with NEPRA directives; engages in RLNG Tranche-B procurement process to ensure fuel supply after expiry of PLL GSA and evaluate various financial feasibility options; Engages in activities such as RFP, bidder clarifications, Bid Evaluation, negotiation & finalization of HoA / FSA / GSA contracts, with focus on commercial dimension. Oversees & reviews Turnkey contracts related to fuel supply & related variations, renewal & related amendments of existing FSAs, evaluation of projects for ensuring fuel supply & related Generation Project investment of KE in the future. 
Provides management level decision support by preparing various & detailed financial models aimed at variety of objectives ranging analysis of commercial risk, evaluation of upcoming high-budget projects depicting NPV, IRR and Paybacks, O&M analysis, EMO ranking etc. Further provides data-based storytelling to derive meaning from analysis. Seeks project & contracts approval from leadership by providing contract risk analysis, economic viability report and robust analytical overview.  Identifies, engages and obtains inputs from a diversified group of stakeholders while ensuring financial mandates and SOPs, comprehensive financial risk coverage in FSA & other related long-term contracts. Supervises & monitors overall Fuel budget controlling, Req-to-pay process;  Oversees budget preparation of Fuel functions in line with company’s medium & long term strategy; engages a wide array of stakeholders in preparation, finalization, approval & uploading of Budget in SAP; Provides visibility for Fuel function through establishing a robust reporting mechanism for budget monitoring and controlling; Regularly engages in dialogue with all Fuel Department and plants to discuss issues and visibility reports.

Education & Relevant Experience:   

Professional qualification with 4 to 7 years of PQE in with 3 years preferably in energy and Fuel sector in the areas of Contract Management, Fuel Supply Management, Financial Modelling & Data Analysis. 

Areas of Responsibility:

1    Fuel Supply Management – Finance partnering
•    Management of existing FSAs with PSO & BYCO and their amendments, extensions, and negotiations •    Management of existing GSA with PLL and their amendments, extensions, and negotiations
•    Ensure compliance of existing FSA / GSA from financial perspective including payments, take or pay implications, SBLCs, performance bonds etc
•    Management of RLNG Tranche B procurement process from financial perspective to ensuring long term supply of RLNG after expiry of PLL GSA
•    Business finance focal person for FO, HSDO,NG and RLNG procurement and its contract drafting and negotiations and ensures NEPRA compliance. 
•    Manages Fuel contract and ensure its availability for relevant tests and daily replenishment.
•    Engages in RFP Preparation, tendering, bidder meetings, bids analysis & evaluation for GSA / FSA.
•    Reviews the contract development (EPC, FSA, HoA) in liaison with various internal & external stakeholders to identify the risk and responsibilities involved in long term contracts for new projects.
•    Negotiates and exchange of information with PSO, Shell, BYCO, PLL to finalize the terms and conditions of the contract.
•    Reviews the draft for the final contract and provide data-driven decision support analysis to obtain approvals from the management.
•    Engages in end-to-end process of projects related to Fuel Supply Management and coordinate, liaison, review & presentation to leadership for their approvals.
•    Resolves roadblocks such as cash flow issues, compliance of SOP's and variations orders during the project development stages; issues / LD's resolution during the course of the contracts
•    Facilitates and ensures that payments are made to vendors in accordance with the contract and in timely manner.
 

2    Data-based Story Telling
•    Provides finance partnering for new fuel projects •    Obtains & collects data for evaluation & provides NPV, IRR, MIRR, Payback & other decision-making support for projects.
•    Develops / reviews financial models / feasibility of fuel related projects
•    Provides sensitivity analysis.
•    Prepares financial models for an array of objectives such as EMO, Bid Evaluation, Financial Feasibility etc
•    Critically reviews financial models received from bidders and evaluate financial implications & advantages for KE.
•    Drives sense from data via various analytical approaches and presents in meaningful format for decision making.

3    Controlling & Reporting

Budget Monitoring, Control & Analysis
•    Supervises the processes of budget preparation activities and liaisons with user departments for realistic budget preparation.
•    Supervises the preparations of budget cycle, ranging from preparation to submission and presentation to leadership. 
•    Reviews budget and provides analytics & obtains management approvals. •    Supervises budget uploading & availability to user departments.
•    Develop cost savings avenues to ensure maximized returns and profit targets.
•    Monitors projects in accordance with financial mandates to ensure compliance with existing SOPs and comprehensive reviews of feasibilities submitted by different Functions.

Procurement and Payable
•    Reviews and approves purchase requisitions, Release Orders & purchase approvals. 
•    Negotiates with bidders on commercial terms of major POs/contracts. 
•    Supervises Settlement of any commercial issues with the vendors

Reporting                                                                                                                                                               
•    Reviews Monthly MIS reporting and other ad-hoc reports as required by the management. •    Liaisons with Internal/External Audit Report of Fuel related projects and its related expenses.
•    Develops and implement business improvement plans.
•    Reviews annual budget and quarterly forecasts.
•    Assists in the development and implementation of goals, policies, priorities, and procedures relating to financial management, budget, accounting.
•    Reviews the actual results against the budgeted goals to identify and correct accounting issues and variances.
•    Timely fuel recordings in SAP and provision of accurate costing data – cost data would be required for monthly / periodic indexations with NEPRA
•    SoPs for fuel recording, dipping, costing, etc
•    Mechanism for Calorific value calculations vis-à-vis costings – required for indexations.
•    Contract management & Compliance for commercial terms 
•    Dashboard reporting – real time visibility on fuel purchase, consumption, inventory and other financial implications
•    Inventory monitoring of fuel and advice inline with working capital allowed by NEPRA
•    Input required for EMO development and compliance for Generation plants.
•    Take or pay implications on fuel 
 

4    People Management
Provides effective and inspiring leadership to direct reports; Ensures parity among subordinates with regards to learning and growth opportunities Builds a conducive environment for engaged and committed team; Creates a sense of purpose and self-fulfilment among subordinates
Delegates the responsibilities to the direct reports and creates a sense of urgency; 
Leads by example, motivates and maintains a competent and high performing staff, capable to meet current and future needs; 
Identifies training and development requirements of subordinates to take future roles
Manages performance of direct reports through objective setting, continuous support, feedback and formal appraisal; Coordinates with HR for recruitment of new talent

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.