Budget & Cost Lead

Budget and Cost Lead
Supports the strategic development and consolidation of APRI’s budget by leveraging Computerized Maintenance Management System (CMMS) and financial models, collaborating with departments, and maintaining cost benchmarks. Responsible for tracking actual vs. planned expenditures, maintaining technical and operational models, and establishing benchmark costs for standard and non-standard maintenance to enable accurate forecasting, cost control, and operational efficiency.

Responsibilities:
OPERATIONS & MAINTENANCE (O&M) BUDGETING

• Leads the end-to-end development, implementation, and continuous refinement of the Operations & Maintenance (O&M) budget across all facilities, covering annual, 5-year, and 10-year planning cycles; tracks both budgeted and non-budgeted items, generates real-time budget-to-actual and variance reports, and ensures alignment with corporate financial strategy and achievement of standard budget targets.
• Develops and institutionalizes benchmark costs for standard and non-standard maintenance activities, including Operations & Maintenance (O&M), Engineering, Asset Management, and 1RE-initiated projects, ensuring cost estimates are grounded in historical data, industry standards, and internal metrics to drive financial discipline, consistency, and cost optimization across the organization.
• Reviews and analyzes proposed budgets using analytical tools or software to evaluate and monitor costs, assess budget vs. actual performance, identify deviations in the costs of standard and non-standard maintenance activities based on the cost database, and generate variance insights that inform strategic decisions and improve future budgeting accuracy.
• Collaborates with the facilities planning teams to ensure alignment and compliance with prevailing guidelines, policies and directives with respect to budget management.

GEOTHERMAL OPERATIONS BUDGET MODELING

• Leads the creation, maintenance, and continuous refinement of Operations and cost models to perform sensitivity analyses on geothermal facility generation, incorporating updated power plant generation profiles, dispatch strategies, operating conditions, steam availability, long-term maintenance plans, and tariff changes to support data-driven operational and financial decisions.
• Regularly updates the financial model to reflect actual expenditures and normalized P/KWh figures. to determine the expected overall financial picture of the facilities

OPERATIONS COST BENEFIT ANALYSIS

• Leads the conduct of cost-benefit analyses for proposed geothermal facilities and design modification initiatives aimed at improving efficiency, reliability, and availability.
• Oversees the extraction and evaluation of actual unitized costs on a per plant, per equipment, or per activity basis, comparing results against established benchmarks and analyzing cost variances.
• Collaborates with Technical Services, Engineering  and O&M  teams to identify and institutionalize fleetwide best practices by analyzing and comparing the costs of similar activities or budget line items.
• Leads the tracking, updating, and analysis of geothermal facility budget line items using CMMS, ensuring effective control of budgets for unplanned activities and accurate reflection of changes resulting from revised plans, unplanned work, and actual expenditures.

Minimum Qualification:

• Must be a Graduate of Any Engineering Degree.
• Must have at least three (3) to five (5) years of experience in a power plant or significant relevant experience. 
• With at least three (3) years in Operations and Maintenance budgeting and financial analysis.
• With Computerized Maintenance Management System (CMMS) cross functional leadership and Strategic Budget Leadership experience.