Analyst-Financial Modelling and Forecasting

Energy Development Corporation; Philippines; On-site; PHP 600,000 - 900,000; Full time

Job summary

Energy Development Corporation seeks a finance professional to lead financial analysis, budgeting, and forecasting for the group. You will contribute to consolidated and stand-alone budgets, cash flow projections, and management reports to support senior leadership decisions.

The role involves building robust financial models for expansion projects, M&A considerations, and ensuring data integrity within the ERP system for timely reporting across the organization.

Qualifications

• Experience in financial analysis and budgeting processes.
• Ability to build and maintain financial models for forecasts and budgets.
• Familiarity with corporate valuation and M&A workflows.

Responsibilities

• Develop consolidated and stand-alone budget financial statements.
• Provide financial models for monthly forecasting and planning.
• Create financial models for expansion projects and potential acquisitions.
• Upload and maintain latest forecasts in ERP systems and distribute reports to finance stakeholders.

Skills

Financial analysis

Budgeting

Forecasting

Financial modeling

ERP systems

M&A support

Tools

ERP systems

Job description

Job Overview

Unleash your energy within! Be a part of the EDC Team! The position is responsible for performing financial analysis, corporate valuation, and projections that are needed for the Company’s plans and programs. On each budgeting cycle, the position is also involved in the development of the consolidated and stand‑alone budget financial statements and including the consolidated and stand‑alone cash flow statements as well as the maintenance of processes, policies, procedures, and technology that supports the financial modeling function. As such, this position serves as management’s primary instrument for financial structuring through the performance of various financial analyses. The position is also one of the keys in the governance of preparing a reliable financial forecast for reporting to the CFO, President/COO, OPSCOM, major stockholders, and the Board. This position requires strong technical skills as any misstatement or erroneous information gathered in the actual financial results or outlook may result in incorrect management decisions. He/she may be assigned, for any or combination of the following:

• Timely development of the consolidated budget financial statements coming from the annual corporate budget of EDC Group in tandem with the S&C counterparts
• Timely providing financial models to First Gen for monthly forecasting purposes
• Timely providing financial models for expansion projects when engaged to support the project team
• Timely providing financial models for M&A acquisitions when engaged to work with the project team of BDG
• Timely uploading to an ERP system of the latest approved financial forecasts
• Providing relevant financial forecast information to other Finance units and functional or vertical groups when requested
• Ensuring the timely preparation of management reports and presentation materials, both regular and ad hoc requirements, that serve as the basis for top management’s decision-based on strategic plans
• Providing functional support as a software super-user to ensure uninterrupted operation and maximum use of the Company’s financial modeling software

Who We Are

Energy Development Corporation is a geothermal energy industry pioneer and the recognized world leader in wet steam field technology. In the Philippines, EDC is the largest vertically integrated geothermal company, delivering 1,475MW of clean and renewable energy. We continue to diversify our renewable energy portfolio through investments in hydropower, solar power and wind energy projects in the Philippines. With almost 40 years of geothermal mastery, EDC is set to deliver the benefits of sustainable geothermal development to communities around the world as it ventures into Latin America and Indonesia. EDC is part of the First Gen Corporation (“First Gen”) Group, which has the largest portfolio of power plants using clean and renewable technology in the Philippines. First Gen’s 16 power generation plants have a combined capacity of 2,763MW. First Gen has one of the cleanest power portfolios in the country with its entire power generation portfolio utilizing fuels such as geothermal steam, water, and natural gas. Wind power complements EDC’s existing power generation assets including the baseload geothermal plants, as well as, the Pantabangan hydroelectric plant, which serves as a peaking plant. EDC has become the leading geothermal energy producer in the Philippines through the successful development and operation of numerous geothermal energy projects. Since 1983, the Company has successfully developed, financed, built, and operated seven geothermal steamfields in five geothermal contract areas, containing both wet and dry steam. These steamfields currently supply geothermal steam to geothermal power plants with an aggregate installed capacity of 1,130 MW. In addition, the Company currently, directly and indirectly, owns and operates eleven geothermal power plants with a total installed capacity of 1,181 MW. EDC, through its indirect wholly owned subsidiary Green Core Geothermal, Inc., operates the 192.5MW Palinpinon and 112.5MW Tongonan geothermal power plants. Bacman Geothermal, Inc., another indirect wholly owned subsidiary of EDC, operates the 130MW Bacman geothermal power plant. The Company believes this track record has enabled it to develop the expertise needed to assess the feasibility of future acquisitions and greenfield projects, ensure the safe and efficient construction of power plants, and provide for efficient power plant operations.

Our Core Values

We have the best-qualified and trained professionals, technical people and support staff who persist in always bringing EDC to industry leadership. The company’s geothermal team has over 40 years of technical and management experience in the geothermal industry. We also have a core team geoscientists and engineers who are holders of degrees from Geothermal Institutes in Iceland, Italy, New Zealand and Japan. We are guided by the following distinct Lopez Group values: A Pioneering Entrepreneurial Spirit Business Excellence Unity Nationalism Social Justice Integrity Employee Welfare and Wellness We know from generations of experience that it is by living according to these values that a company can be built to last.