RM Group

Hydropower / Alternate Energy

Chief Finance Manager

Views: 2632|Published on: Feb 22, 2021

Banking / Insurance /Financial Services

Top Level

Full Time

Vacancy: 1

Bhaktapur|

Experience: Not Required|

Not Disclosed

Job Description

Roles and responsibilities of this job

Roles and Responsibilities:

Finance and Accounts

Obtain and maintain a thorough understanding of the financial reporting
Manage and oversee the daily operations of the finance and accounting department
Monitor and analyze accounting data and produce financial reports or statements
Establish and enforce proper accounting methods, policies and principles.
Ensure updating of daybook, ledger and Profit & loss account periodically.
Timely billing in coordination with Project Managers and Site Engineers
Develop and maintain financial record keeping and reporting systems.
Meets accounting financial objectives by forecasting requirements; preparing an annual budget; scheduling expenditures; analyzing variances; initiating corrective actions.

Funds Management

Forecast cash flow positions, related borrowing needs, and available funds for projects
Ensure that sufficient funds are available to meet ongoing operational requirements
Use hedging to mitigate financial risks related to the interest rates on the company's borrowings
Assist in determining the company's proper capital structure
Manage projects Petty Cash Fund adhering to company documentation and approval requirements.
Allocation of funds, managing fund transfer based on request.

Budgeting

Manage the preparation of the company's budget
Report to management on variances from the established budget, and the reasons for those variances
Assist management in the formulation of its overall strategic direction

Audit and Inspection

Coordinate and complete annual audits
Liaising with auditors to ensure annual monitoring is carried out
Oversee suppliers' invoices processing. Reviewing purchase orders etc. relating to respective projects.
Ensure the accountability of Materials and its costs in project sites done properly.

MIS and P&L

Produce monthly financial statements including balance sheet, profit/loss statements, and General ledger
Presentation and Deliberation of finance and Accounts
Researching and reporting on factors influencing business performance
Ensures prompt submission of Cash Expenses Report

Resource Management

Facilitate budget and forecasting activities
Monitor cash flow and investments
Developing financial management mechanisms that minimize financial risk
Conducting reviews and evaluations for cost-reduction opportunities.
Site overhead cost analysis
Ensures that outcomes of the project are on-time, on-budget and on-quality and consistent within established guidelines

Job Specification

Required qualifications for this job

Required Education Level:Graduate (Masters)

Required Experience:Not Required

Other Specification

Qualification:

Master / MPHIL in Business Administration (Major: Finance), or equivalent
Qualified Chartered Accountant (Subjective)

Experience: 10 years and above.

Skills Required

Required skills for this job

Communication

Research

Reporting

Auditing

Financial Forecasting

Salary

Offered financial and non-financial compensation for this job

Offered Salary:Not Disclosed

Applying Procedure

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Apply Before: Mar 04, 2021

About the organization

RM Group

Hydropower / Alternate Energy

Baneshwor Height, Kathmandu, Central Development Region, Nepal

Established as a consolidated entity since 1975 and consisting of many prominent companies under its purview. RM Group comprises of veterans from several fronts who have played a pioneering role in their respective area of expertise. As a consolidated entity, RM group boasts an array of investment across several sectors. RM group has immersed itself predominantly in to energy sector, software and consulting, tourism, and trading sector. With regard to the domestic market, RM group has a sizable stake in scores of hydropower projects viz. Peoples Energy Limited, 48.8 MW; Multi Energy limited, 20 MW Bindhyabasini Hydropower Development Company Limited 15.4 MW.

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