Deputy Manager Business Finance – Regulatory Reporting & MYT

Job title: Deputy Manager Business Finance – Regulatory Reporting & MYT

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.Purpose:The purpose of the role is to provide support in business finance activities through planning, controlling, and monitoring of budgets and projects.Required Education & Experience:Preferably Qualified of any professional accountancy body i.e CMA Qualified, CMA Finalist or ACCA qualified with minimum 2 years of experience, or MBA Finance with 4 years of experienceAreas of Responsibility:Budgeting / Reporting & MYT

• Prepare and monitor the annual CAPEX and REVEX budget in line with business investment plans and regulatory limits.
• Collaborate with cross-functional teams to gather budget inputs and ensure alignment with organizational goals.
• Conduct variance analysis on budgets to identify and explain variations.
• Monitor projects closely, analyzing financial performance against targets to provide insights for resource allocation and expenditure control.
• Seek and provide budgetary approvals per financial mandates and relevant SOPs.
• Ensure financial control and compliance over CAPEX/REVEX projects.
• Prepare monthly CAPEX commitments, cash flow forecasts, and utilization reports, including variance analysis.
• Assist in monthly reporting activities, contributing to commitment, cash spending, and finance reports.
• Reconcile actual CAPEX expenses with budgeted amounts and analyze variances.
• Develop performance reports highlighting key metrics related to regulatory expenses.
• Revamp cost allocation mechanisms for support functions to core functions.

MYT Investment Plan

• Prepare, submit, and review the NEPRA investment plan for enabling functions, coordinating with stakeholders.
• Ensure compliance with investment plan limits and report variations promptly.
• Review long-term business planning and investment forecasts, highlighting risks and offering solutions.
• Support tariff determination processes by providing necessary data and insights.
• Assist in presenting performance through MIS reports for effective decision-making.

Ad-hoc Support

• Identify risk areas and control weaknesses, proposing improvements to ensure compliance.
• Challenge the status quo by seeking efficiency and continuous improvement in finance activities.
• Conduct financial evaluations of business cases, including scenario analysis and post-implementation reviews.
• Provide ad-hoc support for regulatory and internal audit engagements.

Policies, Process Improvements, Automation

• Implement budget policies to achieve desired outcomes.
• Collaborate with teams to identify and implement process optimization opportunities.
• Conduct risk assessments and audits to identify compliance gaps and recommend corrective actions.
• Assist in developing SOPs and ensuring compliance with accounting standards.
• Design and implement automated workflows to streamline processes.
• Evaluate business processes for automation and improvements, monitoring major project statuses.

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: Wed, 25 Dec 2024 01:15:43 GMT

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