JOB OVERVIEW:

The Financial Planning, Analysis and Control Assistant Manager provides support to the FPAC SM in the leadership and coordination of the centralized financial planning, reporting and analysis of PBU’s financial position in areas of revenues, budget versus expenses, capital usage and cash flows of the Alsons Power Group. The role has the authority on all consolidated financial plans, budgets, forecasts and financial analysis related to business operations, capital expenditures and other analysis needed by the management.

The assistant manager provides support to the FPAC SM in the management of PBU’s annual

budgeting process, 5yr financial plans, and all financial and management reporting activities. The role also serves as a business partner to the business unit heads and department managers on a range of fiscal and associated strategic issues related to budget and financial plans.

The assistant manager leads the effective financial control for operational costs, capital expenditures and cash flow utilization.

MAJOR PROCESSES:

1. Budgeting Process and 5yr financial plan

2. Budget Review and Control

3. Strategic Planning

4. Financial forecasting and Modelling

5. Financial Process Review

6. Cost Management

7. Aggregate and Consolidated Management Reporting

8. Service Level Agreements Pricing and Monitoring

INTERNAL AND EXTERNAL CUSTOMERS:

1. Board of Directors

2. Management, Operations, Steering and Executive Committees

3. Department Heads

4. Lenders and bank representatives

5. Shareholders

DUTIES AND RESPONSIBILITIES:

Budget Process

1. Cascade relevant financial assumptions for annual budget preparation to all budget owners in the PBU

2. Thorough review and analysis of the budget estimates from all the departments of the organization and corporate budgets and critically examine them for correctness, accuracy and completeness; and conformance with established procedures, regulations and organizational objectives.

3. Consolidation of annual budget and 5 yr financial plan for all PBU companies

4. Presentation of the individual AEDC, APSC and Alto Power and the consolidated CHC budgets

5. Implementation of the budget monitoring system

6. Review and analyze the budget related activities of Alsons Energy Development Corporation both in the operating budget of the existing projects and the budget assumptions in the planning and implementation stage for the new project in consideration.

7. Suggest suitable amendment and drive financial recommendation in the budget process to the

management and executive team members.

Cost Control

8. Establish operational, capital expenditures and cash flow control measures

9. Recommend process improvements for preventive measures to ensure expenses are within the

approved budget

10. Introduce and implement corrective actions to correct significant variances of actual results vs budget

11. Work in conjunction with all heads of departments to strategize means to minimize costs

12. Monitoring of consolidated HO departments expenses across all PBU companies

13. Ensure effective strategy implementation and measure of accountability for business leadership

14. Provide the resources and process discipline to enable and ensure the highest possible level of quality, reliability and productivity at the lowest overall cost

Financial Planning and Analysis

15. Prepares the consolidated short term, mid-term and long-term financial plan for the PBU and

performs variance analysis to support the plan.

16. Prepares presentation materials related to financial plan as needed by the management team.

17. Updates the plan should there be any significant changes in the assumptions.

18. Ensures alignment between long term plans and the business case submission.

19. Prepares financial analysis comparing the actuals and forecast versus the original business case approved by the management and the financial institutions.

20. Conduct cost benefit analysis, study financial request and also research on alternative and

reasonable funding methods for the organization.

21. Monitor and prepare detailed report pertaining to budget utilization levels against PBUs financial performance and discrepancies that occurred in the budget and recommend corrective actions to ensure efficient allocation of resources within the year

Forecasting

1. Leads the quarterly forecast update for PBU wide approve budgets

2. Updates the PBU wide budget with actual results to ensure a more reliable forecast

3. Prepares simulations and sensitivity analysis of changes in significant assumptions

4. Scenario building for various options

5. Update the forecast on regular basis and perform needed analysis for such changes.

Management Reporting

1. Prepares the consolidated monthly management reports with variance analysis and

commentaries related to performance versus budget or forecast for PBU

2. Create presentations that provide insightful analysis, identify required action items, and

effectively frame decisions to be made.

3. Creating, updating, and maintaining financial models and detailed forecasts of the company’s

future operations.

4. Provides support to all PBU companies and finance teams in preparation of their corresponding

reports for consolidation

QUALIFICATION GUIDE:

EDUCATION : Holds a Bachelor’s Degree in Accounting or Finance

: Master’s Degree is an advantage

LICENSURE : Certified Public Accountant

EXPERIENCE:

• Minimum of three (3) years solid experience in managerial finance or accounting position
• Strong knowledge of finance, accounting, budgeting and cost control principles including Generally Accepted Accounting Principles.
• Relevant experience in automated financial and accounting reporting system, with capability to
• analyze financial data and prepare financial reports, statements and projections.
• Strong work history in commercially focused finance business partnering roles and has the ability to provide evidence-based and sound financial advice to senior management team.
• Working knowledge of short and long-term budgeting and forecasting, rolling budgets and product line profitability analysis.
• High attention to detail, flexibility, good analytical as well as interpersonal skills and the ability to work independently.
• Excellent written and verbal communication and interpersonal skills

SKILLS:

• Excellent analytical skills and strong business acumen
• Advanced MS Excel and Financial Modeling
• Knowledgeable of other MS Office applications like MS Word and MS Power Point
• Strong problem-solving skills
• Proficient in SAP Business One
• Excellent presentation and communication skills

Please refer to job description.