Revenue Accountant
SN Aboitiz Power Group
- Taguig, Philippines10th Flr., NAC Tower, 32nd Street, Bonifacio Global City, Taguig, Metro Manila, PhilippinesTaguigMetro ManilaPhilippinesPhilippines
- Full timeFULL_TIME
Expired a year ago
2023-02-27T16:00:00+00:00Job closed.
Job Description
The Duties and Responsibilities associated with this position include the following:
Billing and Settlements
- Prepares accurate billings and invoices based on the provisions of the contract and on the prevailing market rules and regulations (Spot, Bilateral Contracts, Ancillary Services, Retail Energy Supply, CfD and Others).
- Submits timely invoices to customers to avoid daily opportunity loss (cost of money) attributed to delayed billing
- Computes billing adjustments (e.g. prompt payment discounts) and prepares Debit/Credit Memo and Journal Vouchers for recording in the system
- Monitors customer accounts for Management’s information and follows-through on collection that can impact on cash flow projections
- Gives attention to customers’ and suppliers’ concerns related to billing, discounts, penalties and settlements
- Coordinates with Market Operations Group (Commercial Operations and Trading) to resolve customer issues (including non-compliances) or identify problems and make corrective actions, improvements and recommendations
- Computes and/or validates revenue-related charges (e.g. Power Purchase, Market fees, Transmission charges, etc.) and clarifies as necessary with the service provider (e.g. WESM, NGCP, etc.)
- Collaborates with Treasury Department, Tax and Compliance and Commercial Operations for the timely settlement of outstanding receivables, payment of power related charges and resolve any other issues relating to settlements
- Maintains customer confidence and protects the company by keeping financial information confidential (contracts)
Revenue Recording and Reporting
- Handles the monthly and yearly close process for all the revenue-related transactions in accordance with company Policies and Procedures and Generally Accepted Accounting Principles or GAAPs (timely closing of books is critical to meet the internal and external reportorial requirements)
- Provides computation of accruals of all revenue-related transactions (revenues, purchases, market fees, etc.) and preparation of journal vouchers in the system to ensure that revenue figures are accurate
- Prepares monthly revenue reports, analysis and computations and other related information for internal (management and other departments) and external (regulatory) requirements to enable Management and other users to make an informed and effective decision
- Performs timely reconciliations and prepares accounts schedules and adjusting journal entries for use in both the internal and external audit
Other Duties and Responsibilities
- Updates and maintains professional and technical knowledge by attending related trainings, workshops and forums and reviewing publications and write-ups o Assists in the implementation of Integrated Management Systems (Quality, Occupational Health and Safety, Environmental, and Asset) and compliance to regulatory requirements
- Participates in the different programs of the organization
- Performs other tasks that may be assigned by the immediate superior
Minimum Qualifications
- At least 2 years work experience in Accounting
- Accounting graduate who must be a CPA
- Knowledge of principles, practices, regulations and procedures
- System Application and Usage (Oracle, Others)
- Computer Proficiency
- Customer Relations
- Issues Management and Resolution
- Communication Skills (Written and Verbal)
- Records Management
- Power Industry Rules & Regulations
- Attention to Detail
- Deadline-Oriented
- Collection Management
- Planning, Prioritizing and Organizing skills
Jobs Summary
- Job Level
- Entry Level / Junior, Apprentice
- Job Category
- Accounting and Finance
- Educational Requirement
- Bachelor's degree graduate
- Recruiter response to application
- Sometimes
- Office Address
- NAC Tower, 32nd Street, Bonifacio Global City
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About SN Aboitiz Power Group
WHO WE ARE
SN Aboitiz Power Group or SNAP is the collective name of the power generation arm (SN Aboitiz Power-Magat, Inc. and SN Aboitiz Power-Benguet, Inc.) and power retailing arm (SN Aboitiz Power-RES, Inc.) of the business. Through its power generating unit, SNAP develops and operates world-class renewable energy facilities in the Philippines; and by means of its power retailing arm, SNAP provides innovative energy solutions to its customers. It is a recipient of several local awards and citations for its safety records, community programs, stakeholder relations, and environmental campaigns. It has also received international recognition in the Asian region for privatization and project financing as well as for its plants’ performance as independent power producers.
With 641.5 MW of total capacity, SNAP harnesses the energy of flowing water to generate clean, renewable energy for its customers.
WHAT WE DO
Magat Hydro is one of the largest hydro facilities in Luzon, with a gross maximum capacity of 388 MW. It draws water from the Magat River through the multipurpose Magat Dam. Under the power restructuring law, the power facility was privatized in 2006. Following the successful bid of US$530 million, SNAP took over operations on April 26, 2007.
The 8.5-MW Maris Hydro is the first power plant constructed by SNAP. Construction of the PHP2.5 billion run-of-river hydro plant took about two years—it broke ground in late 2015 and was completed in November 2017. Maris hydro utilizes water coming from Magat hydro.
At its original capacity of 75 MW, Ambuklao Hydro was one of the first large hydroelectric power plants in the Philippines and is one of the oldest. In 2008, SNAP took over Ambuklao and the 100-MW Binga Plant after a winning bid of US$325 million under the privatization program. Ambuklao hydro re-operated in 2011 as a 105-MW power plant following its rehabilitation and upgrading.
Binga Hydro was built in 1960 and lies 19 kilometers downstream of its sister facility, Ambuklao. It was bid out along with Ambuklao; but only the power components were privatized while the dams remain government-owned. Binga hydro underwent a refurbishment which began in 2010 and was completed in 2013. This increased the plant’s capacity from 100-125 MW. It is now capable of generating 140 MW after further uprating.
With the advent of open access in the Philippines, customers with a monthly average peak demand of 750kW and above can choose a Retail Electricity Supplier through the Open Access market. SNAP-RES was formed into the group for the Retail Electricity Market. SNAP-RES continues to serve the needs of Contestable Customers by focusing on the requirements of each industry and delivering innovative solutions for each customer profile since 2011.
SN Aboitiz Power (SNAP) is a joint venture of Scatec and Aboitiz Power Corporation (AP). Scatec is a Norway-based leading renewable power producer that delivers affordable and clean energy worldwide. As a long-term player, Scatec develops, builds, owns, and operates solar, wind, and hydropower plants and storage solutions.
On the other hand, Aboitiz Power Corporation is a wholly-owned subsidiary representing the consolidated electricity interests of the Aboitiz Group—one of the largest conglomerates in the Philippines focusing on the electricity, financial, and food sectors. Aboitiz has been involved in the Philippine electricity industry since the 1930s.