Senior Management Executive, Corporate Finance & Planning
Salary undisclosed
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The incumbent of this role will be responsible in coordinating Management Expenditure Committee (MEC) meetings, managing logistics and administrative tasks, reviewing expenditure proposals for strategic necessity and feasibility, supporting Annual Operating Plan (AOP) formulation and providing financial advice for ad-hoc projects.
Key Responsibilities:
Management Expenditure Committee (MEC)
- Support the Assistant Manager to act as the Secretariat for the MEC, which includes: Handling the overall coordination of the MEC, attending all MEC meetings and producing Minutes of Meetings, consolidation of all major expenditure proposals to be presented to the MEC and being responsible for all logistic and administrative matters for MEC meetings.
- Support the Assistant Manager to provide guidance to all functions/ business units on review, assessment and evaluation on strategic necessity of expenditure proposals, and relevant cost-benefit and feasibility analysis, including: Rationale of the necessity of the major expenditures, in line with PMB’s strategic direction, long-term objective and expenditure acquisition roadmap, estimation of costs and benefits, as well as basis and details of quantification, supported with use of measurement techniques e.g. payback period, etc
- Review appropriateness of Discretionary Authority Limits (“DAL”) quoted in the respective proposals to the MEC.
- To provide confirmation on budget availability for each proposal to the MEC, working in close collaboration with Budget Control & Analysis.
- To assist the Assistant Manager to monitor and report on the progress & performance for each proposal that has gone through the MEC, to validate whether the major expenditure achieved the original outcomes that were envisioned during presentation to the MEC.
Annual Operating Plan (AOP)
- Assist the Budget Unit in the roll out plan and preparation of the Annual Operating Plan (AOP), for review by the Head of Unit / Head of Department for recommendation to the CFO and Senior Management.
- Assist to review and conduct internal budget challenge sessions across all departments/ regions/ sections to scrutinize and ensure the overall robustness of the AOP.
- Help update the Budget Unit with the latest developments and progress, from the various MEC meetings, to help the unit formulate a reasonable year end estimate and to give clarity on the commitments / decision making that have been made at the respective MEC (and MTC) meetings.
Requirements:
- Professional Qualification in Accounting (MICPA, ACCA, ICAEW) or Bachelor's Degree in Accounting.
- At least 1-2 years’ relevant experience in Finance, Management and/or Financial Reporting, Corporate Performance & Monitoring.
The incumbent of this role will be responsible in coordinating Management Expenditure Committee (MEC) meetings, managing logistics and administrative tasks, reviewing expenditure proposals for strategic necessity and feasibility, supporting Annual Operating Plan (AOP) formulation and providing financial advice for ad-hoc projects.
Key Responsibilities:
Management Expenditure Committee (MEC)
- Support the Assistant Manager to act as the Secretariat for the MEC, which includes: Handling the overall coordination of the MEC, attending all MEC meetings and producing Minutes of Meetings, consolidation of all major expenditure proposals to be presented to the MEC and being responsible for all logistic and administrative matters for MEC meetings.
- Support the Assistant Manager to provide guidance to all functions/ business units on review, assessment and evaluation on strategic necessity of expenditure proposals, and relevant cost-benefit and feasibility analysis, including: Rationale of the necessity of the major expenditures, in line with PMB’s strategic direction, long-term objective and expenditure acquisition roadmap, estimation of costs and benefits, as well as basis and details of quantification, supported with use of measurement techniques e.g. payback period, etc
- Review appropriateness of Discretionary Authority Limits (“DAL”) quoted in the respective proposals to the MEC.
- To provide confirmation on budget availability for each proposal to the MEC, working in close collaboration with Budget Control & Analysis.
- To assist the Assistant Manager to monitor and report on the progress & performance for each proposal that has gone through the MEC, to validate whether the major expenditure achieved the original outcomes that were envisioned during presentation to the MEC.
Annual Operating Plan (AOP)
- Assist the Budget Unit in the roll out plan and preparation of the Annual Operating Plan (AOP), for review by the Head of Unit / Head of Department for recommendation to the CFO and Senior Management.
- Assist to review and conduct internal budget challenge sessions across all departments/ regions/ sections to scrutinize and ensure the overall robustness of the AOP.
- Help update the Budget Unit with the latest developments and progress, from the various MEC meetings, to help the unit formulate a reasonable year end estimate and to give clarity on the commitments / decision making that have been made at the respective MEC (and MTC) meetings.
Requirements:
- Professional Qualification in Accounting (MICPA, ACCA, ICAEW) or Bachelor's Degree in Accounting.
- At least 1-2 years’ relevant experience in Finance, Management and/or Financial Reporting, Corporate Performance & Monitoring.