Manager Budgeting and Modelling

Job title: Manager Budgeting and Modelling

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.PurposeThe purpose of this position is to manage the tariff and subsidy related matters and is primarily responsible to undertake the following tasks / responsibilities:– Ensure timely completion of annual budgeting activity through coordination with companywide stake holders and preparation of annual budget model
– Preparation and updation of KE Long term business plan and financial model for submission to external stakeholder as well as for internal decision making
– Comparision of actual performance against budget and presenting analysis of the same to shareholder as well as senior management
– Performing adhoc analysis of company performance to assist senior leadership in decision making or presenting analysis to Board of Directors
– Oversee and ensure effective implementation to automate and bring efficiency in creation of budget and long term model in collaboration with internal stakeholders
The position requires regular engagement with internal user departments as well as external parties including Lenders, External Auditors etc with a view to ensure accurate and timely of budget activity and long term model. Moreover, it requires sound understanding of KE’s business and its dynamic business environment to ensure quality reporting to senior management for the purpose of strategic decision making.EducationQualified Chartered AccountantKnowledgeExperience5 years of professional experienceCompetenciesContract Management_MGR-GMData Analytics and Reporting_MGR-GMIndustry Principles and Concepts_MGR-GMSupply Chain Management_MGR-GMProject Management_MGR-GMMental Agility_MGR-GMInternal Audit Techniques_MGR-GMOperational Management _MGR-GMDrives Results_MGR-GMSAP Management_MGR-GMDrives Change_MGR-GMFinancial Acumen_MGR-GMTreasury Management_MGR-GMBuilding High Performance Teams_MGR-GMCyber Security Fundamentals_MGR-GMInsurance Fundamentals_MGR-GMBusiness Acumen_MGR-GMBusiness Partnering _MGR-GMMarket Reforms_MGR-GMRenewable Energy Management_MGR-GMPerformance Monitoring and Measurement_MGR-GMSustainability Management_MGR-GMProject Financing_MGR-GMSelf Awareness_MGR-GMStakeholder Management_MGR-GMArea of ResponsibilitiesPreparation of annual budget presentation & periodic forecasting – 40%– Co-ordination in relation to data requirements and preparation and timely circulation of budget presentation to be presented to leadership ;
– Co-ordinate and contribute in relation to automation of budget preparation process through implementation of various automation tools;
– Co-ordinating, review and submission of Periodic forecasts based on updated assumptions for submission to leadership/BoardLong-Term Budget Adjustments – 35%– Conduct a comprehensive review of the current long-term budget to identify areas for potential adjustments.
– Collaborate with relevant stakeholders, including department heads and strategic planners, to gather insights on any changes in business priorities or external factors influencing the long-term forecast.
– Develop a structured process for reconciling discrepancies between the budgeted and actual long-term figures, ensuring accuracy and transparency.
– Implement regular reviews and updates to the long-term forecast based on evolving market conditions, regulatory changes, and emerging business opportunities or challenges.
– Perform ad hoc analysis on specific areas of the long-term budget, providing detailed insights to support strategic decision-making.
– Establish key performance indicators (KPIs) to measure the effectiveness of long-term budget adjustments and ensure continuous improvement.
– Communicate changes and updates to the long-term forecast to relevant stakeholders, fostering transparency and alignment with organizational objectives.

• Review impact on subsidy of changes in tariff determination and communicating the analysis to senior management

• Responding to queries of external and internal stakeholders related to the matters of Subsidy filing / filed

Special Assignments and Tasks – 15%
– Periodically carryout markup calculations taking into account internal assumptions in relation to key receivable /payables balances (i.e. SSGC, KWSB, TDC and NTDC) and work out KE’s possible exposure
– Co-ordinate and contribute in relation to automation projects and other process improvement areas;
– Preparing, reviewing and submissions of responses to queries and other information requirements of Board of Directors
– Develop and maintain close partnerships with business/operational counterparts and represent in cross-functional, cross-organizational teams involved related tasksArea of Responsibility ContinuedPeople management and training – 10%

• Lead and manage team members according to their roles and ensure learning and development to support succession planning

• Ensure continuous professional development of self and the team members through required trainings to enhance performance

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, 10 Apr 2025 00:12:14 GMT

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