Engineer III, Budget & CAPEX Job

Application deadline date has been passed for this Job.
Job Description

Responsible for timely initiation, monitoring and consolidation of the maintenance budget OPEX/CAPEX and cost related reports for the best financial performance of maintenance organization. Will work closely with all Maintenance departments while preparing the budget and shall serve as early identifier for budget over-consumption or under consumption and inform end user for corrective action.

Role responsibilities

  • Shall prepare standard budget template file, spreadsheets, and database tools.
  • Shall initiate & follow-up with all the maintenance sections/departments for the budget Opex & Capex preparation.
  • Shall facilitate the Budget Kick-Off meeting and Challenge meetings.
  • Participates in the Cost Review meetings to align SAP practices to financial requirements in cost data input/reporting.
  • Shall compile all relevant data from all plants and prepare report for Management review.
  • Shall prepare budget summary sheet and report for each plant with comparison of historical budget data.
  • Shall upload the approved budget OPEX/CAPEX in SAP as per the method.
  • Shall coordinate with finance for all budget & CAPEX communication.
  • Shall monitor the monthly, quarterly, yearly actual cost consumption of all plants and communicate for deviations or overspend.
  • Shall monitor whether correct cost categorization (OPEX/CAPEX) assigned as per guidelines provided by finance and advice end users for necessary corrections in case of deviations.
  • Shall communicate with end user for deviation in Planned Vs actual budget and gather required justifications.
  • Shall serve as focal point for all OPEX/CAPEX related communications inter-departmentally.
  • Initiate and collect Accruals from end users and share with Finance Department before end of Budget period.
  • Provide periodical standard SAP reports on budget & Cost related and recommend for improvement when required.
  • Contribute data for analysing and for department’s cost saving ideas and initiative.
  • Review & maintain existing cost related Procedures, forms, work instructions and workflows in eDMS in accordance with IMRS and update as per latest changes.
  • Participate in benchmarking, internal, and external auditing programs at the departmental or organizational level as required.
  • Ensure compliance to EHSM, IMRS and all relevant safety, quality and environmental management procedures.
  • Responsible and accountable for any other roles and responsibilities outlined in IMRS elements.

Qualification and Requirements

  • Bachelor Degree in Engineering
  • 5 years of relevant experience in similar industry.
  • SAP PM, MM, PS, & Finance module
  • OPEX/CAPEX/cost related
  • Budget Preparation