Deputy General Manager Compliance/ Reporting / Regulatory jobs at K Electric -0001

@ K Electric

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🎓 Associate Degree

🌏 Apply Online

♀ Encourages Females

📍 Pakistan

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 this position is to design and ensure the departmental receivable strategies and objectives, identify & design system-based controls along with procedures and policies in managing company’s receivables. This position will further set the direction of CRMC department with regards to Recovery schemes and exploring new avenues in line with the strategic Receivable goal set by KE Leadership. The position is required to align performance expectations with Head of Receivables Management, CXOs, Financial Reporting and Regulatory.

Education
Minimum Business Graduate (MBA is preferred), preferably in Finance or relevant finance certification or Chartered Accountant.

Experience
7 years of relevant experience in Strategic or Portfolio Management is preferred - Proficient in Ms. Excel, PowerPoint presentation

Area of Responsibilities
Strategic Portfolio Management 50%

This position must set the direction of CRMC with regards to setting of goal posts for central and business teams. Performance Management · Design and Lead the strategic wing of CRMC in planning and monitoring the execution of Debt settlement through recoveries and write off claims annually as set by the Management. Oversee and ensure identification of IBC wise readily available bad debts portfolio. · Develop a performance monitoring mechanism in the form of KPI based scorecard and set Targets for all IBCs in alignment with annual departmental performance goals. · Conduct performance meetings with Cluster and Regional Heads monthly. Develop and maintain comprehensive reports on receivables, highlighting KPIs and compliance metrics. Prepare and share Interdepartmental performance KPIs with the Head of CRMC Daily, Weekly, Fortnightly and Monthly. Analyze data to identify trends, risks, and opportunities for improvement in receivable management. Ensure performance tracking and status update to Head of Receivable Management and CXOs. Design and enforce policies and procedures to enhance compliance and efficiency in receivables process. Facilitate Distribution leadership with analysis and performance of IBCs through preparation of reports and presentations on monthly basis. Identification of unexplored opportunities Significant effort of this position is to invest in ensuring exploration and identification of new avenues and get their dues approved from CXOs along with Internal and External Auditors related with write-off claims: · Identify and strategize a way out with Internal and External Auditors for settlement of Bulk/Mega contracts having dues of above PKR10 million. · Oversee the designing and roll out of processes and strategies through Area profiling of consumers based on dues recoverability. This position is not only responsible for settlement of old dues, but also devise a mechanism for future revenue capture as well. · Review and finalize long-pending chronic court cases identified by team, acquire approvals from leadership and auditors, and ensure out of court settlement.

Detailed research on KPIs, new approaches, avenues, process business practices and trends with respect to receivable management in DISCOs across the country. Reporting & Controls · Draw reliable and timely financial and non-financial data and information together from a range of sources and provide thorough analysis, insights and options to enable the Leadership Team and Board to make sound business decisions. · Ensure documented policies and procedures of write-off and other chronic and non-chronic receivable portfolios are in place which are in accordance with NEPRA guidelines for changing ground scenarios. (Portfolio Management) · Resolution of internal control weaknesses raised by auditors in financial reporting through compliance. Ensure adherence to NEPRA regulations and other relevant legal frameworks. Coordinate with all internal relevant stakeholders to ensure compliance with new and existing regulatory mandates. Ensure that all policies are aligned with regulatory requirements and organizational objectives. Provide necessary training, exposure and support to the staff on compliance related topics and receivable related best practices. Ensuring accuracy in reporting and compliance documentation and guiding teams to foster the culture of compliance.

Receivable Automation 20%

The purpose of this position is to ensure automation and establishment of system based (SAP & other ERP) controls within the defined scope of Receivables accounting and processes. · Ensure Development of systematic processing and write back mechanism. · Ensure previously claimed amount are reconciled and visible in the system without any anomalies. · Systematic development of Scorecard reporting · Development and management of Recovery & Receivable policies with write-off controls

Stakeholder Management 15%

The position is required to deal with multiple stakeholders inside and outside the organization and develop a positive working relation with all involved sections including Business Finance, Financial Reporting, Business strategy, IT, BPM, Regulatory, Internal Auditors, External Auditors, Distribution Business Leads, Security and Legal departments. Effective stakeholder management is one of the key aspects that must be adopted by this position in order to streamline and smoothen receivables process management.

People Management 15%

This position is required to lead a team of diverse experience subordinates having different level of exposure and expertise. · Ensure motivation level is high with constant feedback and one on one sessions with team and ensure that all PMF requirements are catered to. · Develop an expectation level and set the tone from the word go with constant review and follow ups where required. · Ensure skill development of team with regards to direct and indirect reports. · Assign tasks and delegate responsibilities to develop future leaders.

Knowledge
• Knowledge of the utility industry preferably KE
• Proficiency in data analysis and reporting tools
• Strong understanding of regulatory frameworks governing the energy sector
• Excellent communication, presentation and interpersonal skills
• Ability to manage cross-functional teams and projects
• Ability to dissect complex regulatory information and assess its impact on operations
• Project Management
• Industry best practices
• Business models required for developing financial modeling

Competencies
Builds High Performance Team > (Value = Respectful / Energized)
DRIVES CHANGE > Value (ENERGIZED)
DRIVES RESULTS > Value (CUSTOMER CENTRIC + ENERGIZED)
INTERNAL & EXTERNAL STAKEHOLDER MANAGEMENT > Value (CUSTOMER CENTRIC + RESPECTFUL)
MENTAL AGILITY > Value (ENERGIZED)
SELF AWARENESS > Value (ACCOUNTABILITY)
Safe

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.

Qualification:

Minimum Business Graduate (MBA is preferred), preferably in Finance or relevant finance certification or Chartered Accountant.

Experience
7 years of relevant experience in Strategic or Portfolio Management is preferred - Proficient in Ms. Excel, PowerPoint presentation

Employment Type:

• This job offered by K Electric is a Contractual position. Most of the jobs on contractual positions are renewed depending the need and performance of the employee.
  

Applications begins on:

• The interested candidates/ job seekers can apply for the post of Deputy General Manager Compliance/ Reporting / Regulatory at K Electric from May 14, 2025

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Last Date to Apply:

• The last date to apply for the post of Deputy General Manager Compliance/ Reporting / Regulatory at K Electric is Not Mentioned by the employer.

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View detailed information about the job Deputy General Manager Compliance/ Reporting / Regulatory (K Electric)

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Tags: Accounting & Finance, Contractual, Development, Management, Research

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