The Responsibilities associated with this position include:
1. Cost Analysis & Optimization
- Supports budget (annual, mid-year, ad-hoc) preparations and requirements of the OCOO divisions/departments/cost centers for consolidation with Corporate Finance (CF);
- Conducts in-depth cost analysis across various OCOO departments and functions;
- Identifies and evaluates cost-saving opportunities through process improvement, technology adoption, and resource optimization;
- Develops and implements cost reduction plans and tracks progress towards targets;
- Analyzes variances in actual vs. budgeted costs, identifies root causes, and resolves concerns/issues in collaboration with cost center owners;
- Collaborates with Corporate Finance to ensure compliance with Finance policies and procedures.
2. Project Support
- Provides financial support and analysis for project business cases, including cost estimation, budgeting, and variance analysis;
- Assists in the development and monitoring of project budgets and schedules;
- Analyzes project progress/performance and identifies areas for cost improvement.
3. Process Architecture
- Gets involved in business process mapping, ensuring cost implications are evaluated at each step;
- Propose redesigns that reduce waste, duplication, or non-value-adding activities;
- Identifies and implements process improvements to enhance efficiency and reduce costs;
- Assists in the conduct of process improvement workshops (e.g. Lean, Six Sigma) with a focus on cost efficiency;
- Assists in the development and documentation of processes.
4. Cost Consciousness Advocacy
- Promotes a culture of cost awareness throughout the organization through training, communication, and awareness campaigns;
- Educates employees on cost-saving strategies and best practices;
- Monitors and tracks key performance indicators (KPIs) related to cost optimization.
Requirements
Skills:
- Ability to work independently and as part of a team
- Good negotiation and influencing skills
- Good communication, interpersonal, and organizational skills
- Strong analytical, critical thinking, and problem-solving skills
Experience:
- More than a year experience in Accounting / Financial Planning and Analysis roles
- Business Process and Process Improvement exposure an advantage
- Proficiency in Microsoft Excel and other financial/business case modeling tools
- Experience with project management methodologies (preferred)
- Experience with data analysis and visualization tools (preferred)
- Preferably with a Power industry background
Education:
- Bachelor's degree in finance, accounting, business administration, or related field.
- Certified Public Accountant or other Finance-related certifications or Lean Six Sigma Training Certification, is an advantage.
