This position is responsible for the coordination and execution of internal financial reporting functions to all levels of the Coal Group and to Parent Company.
It is also responsible in coordinating the activities of financial planning and budgeting to come up with accurate budgets and forecasts of the assigned companies.
Prepares management reports to reflect profitability and financial analyses to ensure accuracy and timely submission to the Management, internal and external users of assigned companies
Provide variance analysis and explanation of financial performance against prior year and budgets; progress against key corporate metrics;
and pertinent financial highlights at the level of the respective Company’s Net Income (including Non Operated Companies), Facility’s operating income and its departmental expenses.
Prepare relevant inputs for presentation packages for OPSCOM, and MANCOM, stratplan and Budget review and ad hoc presentations that maybe required from time to time
Prepare ad-hoc reports as needed, assist in development of new reports or initiatives to address strategic objectives.
Create financial models and sensitivity analysis to formulate projected financial results and determine viability of potential events, business plans and strategic initiatives.
Assist in extracting, developing, preparing, interpreting and disseminating relevant data in formulating forecasts and estimates and coordinate the completion and consolidation of budgets and financial plans.
Create, enhance and disseminate templates and forms to be used in submitting, reviewing, consolidating and communicating budgets and financial plans.
Assist in the Roll out planning and budgeting calendar to the cost center owners of Operated companies and to Non Operated Companies.
Assist in cascades and review compliance to planning and budgeting policies, procedures, parameters and company-specific guidelines to department managers of the Operated Companies and to Non Operated companies’ counterparts for the examination of year-
ahead and roll-forward budget estimates (latest thinking forecasts) to ensure conformity, validity, and completeness.
Challenges assumptions or inputs cost center owners and non operated business counterparts during budget or roll forward forecast discussions if aligned with prudent cost management and drives validation with GH
Prepares presentation for Rollforward and Budget review with GH
Validate Authority for Expenditure (AFE) to ensure proper documentation and approval; and to ascertain whether the AFE is budgeted or not.
Monitor CAPEX budget and analyze its utilization
Collaborate with Coal Group Accounting and Non operated business counterparts in the completion and availability of financial information in the Report Package to ensure timely preparation of management reports
Coordinate with Energy Economics Team in developing generation and revenue forecast for budget and latest thinking forecast.
Coordinate with Fuel Management Team in validating fuel quantity and cost forecast for budget and latest thinking forecast.
Review and monitor the disbursement documents / Instructions of Non Operated Companies and secure the signatures of the authorized signatories prior release.
Work with Cost Center Owners of assigned companies in the submission of forecasts and budgets, providing inputs with the cost and budget variance analysis, use of templates and forms and understanding budgets directives, policy and parameters.
Interface with AP-Gen Finance and AEV Corporate Finance in securing and understanding budget directives, policy and parameters.
Perform other related duties and responsibilities that may be assigned by his / her immediate superior.
At least 2 years of Accounting or Financial Planning Experience
Bachelor’s Degree in Accounting
Preferably Certified Public Accountant