Assistant Vice President - Group Finance (Management Accounting)

Edra Power Holdings Sdn Bhd; Kuala Lumpur; On-site; MYR 180,000 - 320,000; Full time

Benefits offered by this job

Competitive compensation

Employee benefits

Job summary

Edra Power Holdings Sdn Bhd is seeking an experienced Assistant Vice President to manage the Group's treasury functions, lead a department and ensure robust cash management, budgeting and reporting. The role focuses on debt raising, treasury policy, and risk management, with visibility to senior management and the board.

The successful candidate will have extensive treasury expertise, leadership experience, and professional accounting qualifications, with MBA/CIMA/ACCA as advantages.

Qualifications

• Bachelor's degree in Banking, Accounting or Finance and strong technical accounting knowledge.
• Minimum 20 years of experience, with at least 10 years in leading a department.
• Experience in managing and leading a team of staff.
• Member of the Malaysian Institute of Accountants (MIA) or equivalent.
• MBA/CIMA/ACCA qualifications are an added advantage.

Responsibilities

• Oversee Group treasury functions including cash management, liquidity forecasting, funding, investments and bank relationships.
• Oversee treasury system administration and adoption of new banking technologies to improve cash cycle.
• Advise on FX exposure, hedging, cash flow and liquidity risk modeling and Treasury policies.
• Handle trade financing matters such as letters of credit, bank guarantees and new trade facilities.
• Lead debt fund raising in coordination with Strategic Capital Management Centre.
• Ensure compliance with internal controls, loan covenants, policies and procedures.
• Submit monthly treasury reports covering cash position, borrowings and derivatives positions.
• Prepare analytical reports including KPIs and highlight financial issues.
• Prepare and coordinate financial forecasts and annual budgets for senior management and the board.

Skills

MS Office

Communication

Written communication

Leadership

Treasury knowledge

FX hedging

Education

Bachelor's Degree in Banking, Accounting, Finance

MBA

CIMA

ACCA

Member of Malaysian Institute of Accountants

Job description

Assistant Vice President responsible for managing overall treasury functions of the Group including debt raising exercise and treasury investment with view to obtain best returns. The role involves producing quality management reporting for various stakeholders, estimation reports for corrective plans, financial forecasts and projections, and managing the annual budgeting process. The position facilitates distribution flows from project companies to holding companies and/or shareholders, and manages related areas such as treasury policy, budget management policy, risk management, internal controls, and ensures compliance with relevant legislations, loan covenants and commercial agreements.

Key responsibilities

Oversee the Group's cash management operations including daily liquidity, cash flow forecasting, funding, cash investments, management of bank accounts and bank relationships

Oversee administration of cash/treasury management system and introduce new bank technologies, products and services to improve cash cycle

Manage and advise on FX exposure and hedging activities, cash flow and liquidity risk modelling and Treasury policies

Manage trade financing matters, such as letters of credit issuance, bank guarantees issuance, and application of new trade facilities

Lead debt fund raising exercise in coordination with Strategic Capital Management Centre

Monitor and ensure the company remains in compliance with internal controls, loan covenants, policies and procedures

Submission of monthly treasury reports which include cash position, loan/borrowing position and derivatives contracts position

Preparation of analytical reports including analysis of data, key performance indicators and highlight of financial issues

Preparation and coordination of financial forecast and projections including analytical review on company revenue, profit and growth

Preparation of budget instructions and compilation of annual budget presentation to senior management and board of directors for approval

About you

Bachelor's Degree in Banking, Accounting, Finance or any relevant field

Minimum 20 years working experience with at least 10 years in leading a department

Experience in managing and leading a team of staff

Member of the Malaysian Institute of Accountants with sound technical knowledge of applicable accounting standards and financial reporting requirements

Familiar with Microsoft Office skills

Good communication and written skills

Master of Business Administration (MBA), Chartered Institute of Management Accountants (CIMA), or Association of Chartered Certified Accountants (ACCA) are added advantages.

Edra Power Holdings Sdn Bhd (“Edra”) owns and operates 8 power plants in Malaysia, Egypt and Bangladesh. It also has investments in a power asset in Pakistan, as well as a power and desalination asset in the United Arab Emirates.

Edra is the second largest independent power producer (IPP) in Malaysia, with a total generating capacity of 5,087 MW and effective capacity of 4,568.3 MW from its 5 power plants, which consist of 3 combined cycle gas turbine plants (one with co-generation facilities), one coal-fired sub-critical thermal power plant and one large scale solar photovoltaic plant.

In Egypt, the Group owns and operates one 682.5 MW gas-fired conventional thermal power.

In Bangladesh, the Group owns and operates two CCGT power plants, with a total generating capacity of 810 MW and effective capacity of 445.5 MW.

The Group has an investment in a 157 MW combined cycle gas-fired baseload power station located in Pakistan. Its effective capacity is 36 MW.

Edra is also part of a consortium that owns and operates the Taweelah B IWPP, the largest independent water and power project in the UAE. The Group has a 10.0% effective interest in the Taweelah B IWPP, which has a total power generation and desalination capacity of 2,000 MW and 160 MIGD.

The Group’s revenues are mainly derived from the available capacity and electrical energy produced by its power plants to the off-taker under their respective Power Purchase Agreements ("PPAs").

Tenaga Nasional Berhad is our sole off-taker in Malaysia, while Egyptian Electricity Holding Company and Bangladesh Power Development Board are our sole off-takers in Egypt and Bangladesh respectively. These off-takers are either government or government-linked entities. Our PPAs in Egypt and Bangladesh are guaranteed by the Central Bank of Egypt and Government of Bangladesh respectively, with the substantial majority of payments either denominated in, or indexed to, the USD.

Edra is led by experienced management teams with deep industry knowledge, expertise and established track records, which are further supported by strategic partnerships with reputable global players.

We are looking forward to further expansion opportunities in the markets where we already have a strong foothold as well as in new areas.

Perks and benefits We offer competitive compensation and benefits pac