Manager CAPEX

Purpose

The primary purpose of this role is to strategically manage and control the organization's Capital Expenditure (CAPEX) budget and related financial closing processes, ensuring optimal resource allocation, financial integrity, and adherence to company policies. This position acts as a critical finance business partner, providing insightful financial analysis and guidance to various stakeholders to drive informed decision-making, enhance project profitability, and foster continuous process improvement across CAPEX management, risk assessment, and accounts payable functions. The role also emphasizes people development, nurturing talent within the team to achieve personal and collective excellence. 

Education

Bachelor's degree in Accounting & Finance is must. Professional certifications (ACCA, CA) are preferred.

Experience

• Minimum of 6 years of progressive experience in a finance role, with a strong preference for candidates from the utility sector.
• Demonstrated experience in team management and development, as well as effective stakeholder management at various organizational levels.
• Highly proficient in SAP, specifically with the FI (Financial Accounting) and PS (Project Systems) modules.

Area of Responsibilities

Budget controlling and financial closing (30%)

• Ensure proper allocation of approved CAPEX budgets to projects. Implement robust controls to prevent budget overruns and unbudgeted spending.
• Provide financial insights and analysis for new CAPEX projects, assisting in the preparation of business cases, ROI calculations, and supporting documentation for approval processes.
• Develop and maintain rolling CAPEX forecasts, regularly updating projections based on project progress, spending patterns, and strategic changes.
• Monitor actual CAPEX spending against budget and forecast on an ongoing basis. Conduct detailed variance analysis, identifying root causes for deviations and communicating findings to relevant stakeholders.
• Develop, track, and report on key CAPEX performance indicators, such as actual vs. budget spending, project completion rates, and benefits realization.
• Conduct periodic meetings with project managers, department heads, and senior leadership to review CAPEX performance, discuss issues, and strategize on corrective actions.
• Oversee and execute all financial closing activities related to CAPEX, ensuring timely and accurate recording of capital expenditures.
• Collaborate with the Fixed Assets team to ensure accurate capitalization of assets.
• Manage CAPEX-related accruals (e.g., for unbilled services) to ensure accurate financial reporting.
• Reconcile CAPEX-related general ledger accounts (including consumer inflows), identifying and resolving discrepancies in a timely manner.
• Provide comprehensive documentation and explanations to internal and external auditors for all CAPEX-related transactions and balances.
• Ensure strict adherence to company CAPEX policies, procedures, and internal controls.

Business Partnering (30%)

• Provide insightful financial analysis, forecasting, and budgeting support to stakeholders, ensuring alignment with overall company strategy.
• Partner with stakeholders to build robust financial models and business cases for new initiatives, investments, and projects, evaluating their financial viability and potential ROI.
• Support the annual budgeting process and ongoing forecasting cycles, working closely with stakeholders to manage their budgets effectively and identify cost-saving opportunities.
• Partner with cluster teams through periodic meetings to foster robust collaborations, address their issues with effective solutions, and establish a role as a trusted financial advisor.

Process Improvement (20%)

• Conduct comprehensive risk assessments, analyze existing controls, and collaborate with teams to prioritize and develop strategies for addressing control deficiencies.
• Design and implement robust control mechanisms, including a risk and control matrix, to ensure compliance with policies and regulations.
• Leverage technology and internal/external collaborations to continuously enhance the effectiveness, efficiency, and optimization of risk management and control processes.

Area of Responsibility Continued

Accounts payable (10%)

• Review and approve material and service invoices in a timely manner, ensuring strict adherence to the agreed-upon terms and conditions of the purchase order.
• Verify and approve waivers or charges related to late deliveries on a case-by-case basis. Approving penalties against vendors for policy violations when necessary.
• Proactively investigate any unusual events or discrepancies identified during invoice processing. This includes thoroughly addressing and resolving all identified irregularities before an invoice is processed for payment.

People Development (10%)

• Encourage employees to take ownership of their jobs and to strive for personal excellence
• Discuss skills that are essential to be successful in the job
• Sharing of knowledge, experiences
• Delegation of challenging assignments
• Coaching and feedback on specific skills
• Give honest recognition for work achievements