Job Description

External Open Resourcing

Location: Malaysia (MY), Sarawak Energy (SEB)
Company: Sarawak Energy Berhad, Finance (50034013), Financial Planning (50034248), Planning, Budgeting & Forecasting (50035049)
Number of Openings: 1
Job Category: Established
Closing Date: 28 January 2024


KEY ACCOUNTABILITIES:
The key responsibilities and requirements are as follows:

• Plan and oversee the annual business planning, budget, and forecasting exercise of SEB Group.
• Provide analytics of key financial information for the preparation of management reporting to facilitate managerial planning and commercial decision-making that will ensure future growth and profitability of the SEB Group.
• Plan and produce financial analysis and recommendations for supporting SEB\'s strategic financial objectives, annual business planning, budgetary, and control.
• Identify and execute internal control and governance and rectify deviations to safeguard SEB Group assets in compliance with Malaysian Financial Reporting Standards, meeting the requirements of the Companies Act and other relevant regulations in Malaysia.

Planning and Budgeting:

• Lead, develop, and enhance annual business planning and budgeting methodology in terms of policies, procedures, and guidelines for the management of annual business planning and budgeting for SEB Group of Companies.
• Develop and execute annual business planning roll-out tools, budgeting and financial planning processes, and workflows across multiple business units using advanced software tools.
• Organise, facilitate and provide guidance and advice to the budget team and budget owners of businesses in annual business planning and budgeting.
• Plan and organize the annual business planning and budgeting process with available resources and existing technologies to improve cost-effectiveness.
• Plan and lead the budgetary reporting activities for the SEB Group including SEB Group Revenue Budget and SEB Group Capital Expenditure Budget for Board approval.
• Develop the annual business plan and budget aligning with the Group\'s key strategies, key focus areas, and KPIs.
• Resourceful to assess the potential impact of macroeconomic, social, political, and environmental factors on SEB Group\'s financial results and budget achievability.
• Execute control in budgeting to ensure compliance with the budgeting framework and policies of the Group.

Management Accounting:

• Review and perform comprehensive analysis to ensure completeness, timeliness, and accuracy of data-driven insights for shaping strategic business decisions in monthly management reporting of SEB Group.
• Report business value from the data of end-to-end processes and provide commercial & financial support and analysis, and strategic advice.
• Lead and manage the data visualisation via dashboarding and infographics, business intelligence tools to report the organisational performance, and convey the business insight with predictive analysis and forecasting specific to the utility industry.
• Analyse and review the financial and business process initiatives for improvement in terms of efficiency and productivity.
• Analyse and review business performance and trend analysis of business units/segments to provide business insights.
• Execute project analysis and cost accounting process with cost accounting techniques to recommend cost reduction strategies.
• Execute and monitor the cost optimisation initiatives of SEB Group via cost management techniques in monthly reporting.
• Practice continuous improvement to maximise resulting benefits in value creation.
• Conduct training on ideas and knowledge sharing with Finance and non-Finance colleagues.
• Identify opportunities/ areas of improvement, and resolve root causes via action plans/ strategies and solutions to create values.
• Avoid functional silos and be resourceful to formulate strategies in promoting an integrated approach to performance management.

SPECIAL ASPECTS/MAJOR CHALLENGES OF THE JOB:

• Perform all tasks in line with the Information Security Quality Manual (ISQM) the ISMS roles and responsibilities procedure, and the Information Governance Policy Suite and Guidelines.
• Always be alert and aware of the changes in the reporting requirements to comply with the Malaysian Financial Reporting Standards, Income Tax Act, 1967 as well as the Companies Act 2016 in Malaysia.

QUALIFICATION & WORK EXPERIENCE:

• Recognised degree in Accountancy, Finance, Business, Economics, or an equivalent professional qualification.
• Minimum of 8-10 years of related working experience in strategic planning, performance management, change management, or total quality management.

SKILLS:

• Technical, and operational skills and knowledge in the utility industry.
• Skill and experience in SAP; SAP Project System Module (PS), SAP Plant Maintenance Module (PM), SAP Financial & Control Module (FICO), and ISUCCS Module.
• Knowledge and effective compliance with the latest Malaysian Financial Reporting Standard (MFRS).
• Knowledge and effective compliance with tax rulings and business laws.
• Strong business assessment methodologies and analytical skills in financial statements.
• Strong business planning and budgeting review skills.
• Strong knowledge of best practices for business, industry, and work processes.
• Strong communication and presentation skills (written and verbal) and skills in Microsoft Office application programs.
• Internal and external customer relationship management.
• Strong analytical skills to cut through complexity.
• Willingness to travel and ability to work in a fast-paced environment, to work towards meeting tight deadlines, prioritise and handle multiple tasks at any one time.

LEADERSHIP COMPETENCIES:

• Lead to generate several alternative options and make a well-reasoned decision based on an analysis of the risks and opportunities.
• Able to approach problems by referring to own experience of similar situations.
• Seek to identify underlying causes by using readily available information.
• Lead the team to evaluate the advantages and disadvantages of potential solutions and approaches.
• Able to understand the purpose and objectives of own role and immediate team.
• Manage own work, scheduling, and planning activities and arranging additional resources when necessary.
• Positive about change, suggest improvements within the immediate work area.
• Keen to enhance skills and knowledge within existing specialist areas.
• Provide support and guidance to other team members to ensure the delivery of results.
• Build effective working relationships with others and make a constructive contribution within their immediate team.
• Demonstrate integrity; words and actions are consistent.
• Ability to learn from diverse sources, past mistakes, experiences, and other resources.
• Recognise the need for change and understand its importance.
• Able to work independently with minimum supervision and timely deliver any ad hoc reporting requirements.
• Be resourceful and proactive.

Preference will be given to internal candidates.

Sarawak Energy