Deputy General Manager - Business Finance & Risk Management

As Deputy General Manager - Business Finance & Risk Management at K-Electric, my core
functions surround Planning, Budgeting and Monitoring of Revenue and Recovery Functions.
Brief overview of tasks under my domain are explained below:
- Forecasting & Budgeting of Revenue, Collections and Transmission & Distribution Losses;
- Financial Modeling, Data Analysis & Scenario Building to determine impacts on revenue and
recovery position for various tariff increase / decrease assumptions, fuel surcharge adjustments,
loss reduction & capex enhancement projects;
- Performance monitoring of 30 regional offices including target setting across financial & nonfinancial KPIs, actual vs target / budget analysis and preparation of management reports to
highlight reasons for variations;
- Leading Recovery Projects including debt management and factoring of overdue receivables to
collection agencies, coordination with in-house legal department for out-of-court settlement
cases and exchanging correspondences with Public Sector Organisations / Government
Institutions to prompt budget allocation of energy bills;
- Formulation of policies and procedures across Business Finance sub-departments including
design / development of internal controls in order to restructure exisiting functions or
recommend process improvements thereto;
- Analyzing financial and non-financial data to highlight low performing areas and propose
business improvements, prepare feasibility studies of new business strategies/ventures and
appraise existing projects to recommend improvements therein; and
- Operating an Incentive & Reprimand Scheme for 4,000+ employees working in Distribution
Segment of the company.

Manager - Business Finance & Risk Management

In this role, my core functions involved planning, budgeting and monitoring of
Revenue and Recovery Functions, including:
- Monthly Forecasting of revenue and receivables;
- Variance analysis of actual vs forecast results of revenue and collections;
- Monitoring of receivables - including age-analysis of defaulting consumers,
monitoring payment trends, identification of non-paying / long outstanding
consumers and devising strategies to enhance recoveries;
- Monitoring Recovery Projects - Including assignment of defaulting consumers to

outsourced collection agencies;

- Target setting of 28 IBCs (area offices) against Key Performance Indicators of the
company;
- Operating Distribution Incentive and Reprimand Scheme whereby actual vs target
performance is monitored against various financial and non-financial KPIs for 28
area offices; and
- Preparing Annual Budget for revenue and receivables, as part of the corporate
budget.

Deputy General Manager - Budgeting, Planning and Controlling

I am currently working as a Deputy General Manager in Budgeting, Planning & Controlling

Department. Various aspects of my responsibilities which I manage through leading a team are as
follows:
A) Financial Modeling, Scenario Based Forecasting, Performance Monitoring and Variance
Analysis
Preparation and Monitoring of Financial & Operational Annual Budget
Monthly Rolling Forecast and Cash Flow Monitoring - Actualizing the budget and forecasting
for remaining months with actual/realistic key assumptions and cash position.
Financial modelling and forecasting (scenario based) - Providing various scenario based
financial models to foreign investors and other interested stakeholders.
Timely Insight of Operational Performance
Monthly Variance Analysis Reports
B) Accounting Records and Financial Statements Preparation
Maintaining and monitoring for Electricity Tariff Structure (both Determined and Applicable
Tariff ensuring proper accounting for Consumer Revenue & Tariff Differential Claim/Subsidy).
Maintaining and provisioning of Core Liabilities (including all major fuel suppliers & power
producers). Ensure proper accounting entries recorded and proper aging is maintained.
Calculation of monthly fuel cost and power purchase cost variation based on NEPRA defined
mechanism.
Reconciliation of major supplier vendors ledgers. It includes reconciliation with third party
documents and with Management Circular Debt Reporting.
Preparation and Analysis of presentations for Annual General Meeting, Board of Directors
Meetings, Board Audit Committee meetings and several other management meetings (including
Cash-flow constraints, Impact of short gas supply on power sector etc).
C) Other Responsibilities
Circular Debt Reporting
Preparation of Monthly Financial & Operational results update for Parent Company and

preparing dashboard reporting for circulation.

Cost Centre Accounting (Ensuring Correct Cost Centre Accounting).