Deputy Manager Generation

Our employees are the cornerstone of our company’s success, representing our true competitive advantage. We believe in harnessing the power of innovation and imagination to attract and retain top talent. We are committed to fostering an environment that encourages growth, provides motivation, and ensures every team member feels integral to the company’s mission. This role is pivotal in driving financial planning, budgeting, and reporting while maintaining compliance with regulatory standards. Acting as a finance business partner, the position supports various departments through insightful analysis and guidance, enabling informed decision-making, efficient resource allocation, and sustainable growth.

Key Responsibilities

Budgeting: Prepare and monitor annual Operations & Maintenance (O&M) budgets aligned with business investment plans and regulatory requirements. Collaborate with cross-functional teams to gather budget inputs, ensuring alignment with organizational goals. Oversee Multi-Year Tariff (MYT) allowances and maintain budgets consistent with NEPRA approvals. Develop detailed budget reports and presentations for management and Board review. Coordinate with the Budgeting and Planning team to address queries from stakeholders. Manage Work Breakdown Structure (WBS) in SAP for accurate budget data integration. Update and maintain budget manuals for user departments to streamline budget management.

Reporting: Conduct variance analysis to identify and explain budget deviations. Monitor financial performance against targets, providing insights for resource allocation and expenditure control. Manage budget approvals in accordance with financial mandates and SOPs. Ensure compliance across O&M projects. Prepare monthly O&M commitments, including cash flow forecasts and utilization reports. Support monthly reporting by tracking commitments, cash spending, and finance reports. Reconcile actual O&M expenses with budgets and analyze variances. Develop monthly O&M performance reports highlighting key financial and operational metrics. Serve as a finance business partner by providing financial analysis and compliance support to user departments.

Profit & Loss (P&L): Prepare monthly plant-wise P&L statements based on tariff structures and detailed cost breakdowns. Collaborate with reporting teams to allocate central costs such as O&M, finance costs, and other expenses. Work closely with plant teams to manage cost allocations within generation plants. Perform revenue and cost reconciliations to identify loss or gain drivers and recommend measures to optimize value. Issue plant-wise P&L reports and engage with plant management to identify improvement opportunities.

Multi-Year Tariff (MYT) Compliance: Ensure adherence to investment plan limits and promptly report any deviations. Develop and maintain long-term financial models analyzing plant lifecycle revenue, O&M expenses, and net reserves. Review long-term business planning and investment forecasts, highlighting risks and proposing solutions. Prepare regulatory submissions in compliance with NEPRA guidelines. Conduct impact analysis of tariff changes on plant profitability and cash flows. Coordinate with regulatory bodies to address queries and provide documentation. Develop scenario analyses for tariff adjustments, investment plans, and risk mitigation.

Ad-hoc Support: Assist with regulatory and internal audit engagements. Support preparation of board materials and investor analyses. Aid in compliance documentation and regulatory submissions. Provide variance analysis for leadership decision-making. Collaborate with cross-functional teams to fulfill urgent data requests and reports. Contribute to special projects such as cost rationalization, benchmarking, and policy reviews.

Policies, Process Improvements, and Automation: Implement budget policies to achieve financial objectives. Identify and execute process optimization initiatives. Conduct risk assessments and audits to detect compliance gaps and recommend corrective actions. Develop and update Standard Operating Procedures (SOPs) ensuring adherence to accounting standards. Design automated workflows to enhance efficiency. Evaluate business processes for automation potential and monitor major project progress. Support IT automation projects to improve operational effectiveness. Enhance approval management and team performance by fostering accountability and motivation. Lead team development initiatives focused on continuous skill enhancement and professional growth.

Required Qualifications

- ACCA, ICMA, MBA, or a relevant degree
- 4-5 years of professional experience in financial planning, budgeting, and reporting

Preferred Qualifications and Benefits

The company is committed to equal employment opportunities for all individuals regardless of age, color, origin, disability, race, religion, gender, marital status, or any other protected characteristic. Women and persons with disabilities are strongly encouraged to apply. Suitability for persons with disabilities will be assessed in line with health, safety, and environmental standards.