Assistant Manager Budgeting & Utility Benchmarking

Job title: Assistant Manager Budgeting & Utility Benchmarking

Company: K-Electric


Job description: 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.Job Purpose:To assist and support the Manager in Budgeting, utility cost optimization, CAPEX and Revex consolidation. Role contributes to maintaining financial stability, cost efficiency, and informed decision-making within the organization by collaborating closely with the line manager.Qualification & Experience:

• Bachelor’s degree in Finance, Accounting, Business Administration, or ACCA Qualified.
• Proven experience in budgeting, financial analysis, or utility management.
• Strong analytical and quantitative skills.
• Familiarity with financial software and tools.
• Excellent communication and negotiation abilities.
• Attention to detail and a proactive approach to problem-solving.
• Knowledge of industry-specific regulations and standards is a plus.

Specific Duties & Responsibilities:Budget Preparation:

• Collaborate with departments to prepare annual budgets that align with the organization’s goals.
• Analyze historical data and market trends to make informed budgetary decisions.
• Monitor budget performance and provide timely reports to management.
• Consolidate Capital Expenditure (Capex) and Revenue Expenditure (Revex) plans from various departments.
• Ensure that Capex and Revex plans are aligned with budgetary goals and objectives.
• Conduct periodic reviews of budget variances and implement corrective actions as needed.
• Develop and maintain budget tracking tools and dashboards for real-time monitoring.

Utility Benchmarking:

• Evaluate utility consumption and costs, identifying opportunities for optimization.
• Develop and implement strategies to reduce utility expenses while maintaining operational efficiency.
• Benchmark utility usage against industry standards and best practices.

Financial Analysis:

• Conduct financial analysis to identify cost-saving opportunities and recommend improvements.
• Prepare financial forecasts and variance analysis to track performance against budget.
• Collaborate with various departments to gather financial data and insights.

Regulatory Compliance & Tariff Management:

• Prepare and submit revisions to the 7-year Multi-Year Tariff (MYT) plan to NEPRA
• Coordinate the submission of the revised 7-year MYT plan and KE Investment Plan , including revalidating supply petition documents.
• Ensure compliance with all regulatory requirements pertaining to investment plans and MYT.
• Maintain and update the investment plan in accordance with realized changes.
• Analyze deviations from the MYT and collaborate with cross-functional teams to ensure accurate data for Cost of Service Study (COSS) preparation.
• Assist in the revision of tariff petitions, ensuring adherence to NEPRA regulations.

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.

Expected salary:

Location: Karachi, Sindh

Job date: Thu, 13 Mar 2025 04:01:28 GMT

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