Finance SME – Power & Utilities (Downstream)

emagine; Dhahran Compound; On-site; SAR 420,000 - 660,000; Full time

Job summary

emagine is seeking a Senior Finance Manager to ensure accurate representation of financial activities within the power and utilities sector, focusing on downstream operations and segment reporting. The role enhances financial visibility to support strategic decision-making.

Key responsibilities include overseeing power-sector finance data, tariff structures, PPAs, and cost-allocation models, with emphasis on asset-based reporting methodologies and robust GCOA validation.

Qualifications

• Senior finance professional with leadership experience in power generation, cogeneration, or utilities.
• Proficient with tariff structures, PPAs, and utilities cost-allocation models.
• Understanding of asset-based performance reporting methodologies.
• Strong reporting and data-modeling capability in financial systems.

Responsibilities

• Oversee financial activities in the power sector and ensure accurate reporting.
• Capture finance-related data for the power sector, including tariffs and reporting practices.
• Define recording, allocation, and transfer of costs and revenues for power, steam, and utilities.
• Advise on accounting implications of PPAs and related reporting requirements.

Skills

Senior finance leadership

Power/utilities industry knowledge

Tariff structures

PPA accounting

Cost allocation models

Asset-based reporting

Job description

Summary
The primary purpose of this role is to ensure that financial activities within the power and utilities sector, specifically in downstream operations, are accurately represented in financial data models and segment reporting. This role is critical for enhancing the financial visibility and decision-making capabilities within the organization.

Summary
The primary purpose of this role is to ensure that financial activities within the power and utilities sector, specifically in downstream operations, are accurately represented in financial data models and segment reporting. This role is critical for enhancing the financial visibility and decision-making capabilities within the organization.

Main Responsibilities:

This role involves core financial oversight and reporting within the power sector.

• Capture finance-related data for the power sector, including tariff structures and reporting practices.
• Define the recording, allocation, and transfer of costs and revenues related to power, steam, and utility consumption.
• Advise on the accounting implications of power purchase agreements and their reporting requirements.
• Validate the General Chart of Accounts (GCOA), asset dimensions, and outputs related to segmentation in power reporting.
  

Key Requirements:

• Experience in a senior finance role within a power generation, cogeneration, or utilities business.
• Proficient with tariff structures, Power Purchase Agreements (PPAs), and utilities cost-allocation models.
• Understanding of asset-based performance reporting methodologies.
  

Nice to Have:

• Experience with power assets that are integrated into refining or petrochemical operations.
• Familiarity with the Gulf Cooperation Council (GCC) power sector.
  

Other Details:

Seniority Level: Senior Manager Equivalent. Required Experience: 12+ years in finance and 6+ years in power/utilities. Phase Workstreams: Finance Data Model, Reporting & Segmentation Design.