Head, Commercial Finance & Budgeting at Ikeja Electricity Distribution Company

Role Purpose:

• Oversee all aspects of Commercial Decision Making, Financial Performance and Management reporting.
• The role plays a big part in driving financial performance, through initiating and supporting profit growth, and supporting the team to deliver contractual and budget initiatives.
• The job holder assists the Accounting Chief in Financial Analysis, Rates and Tariffs, and Management Reporting

Role Accountabilities:

Rates and Tariffs

• Review the MYTO model to ensure correctness and completeness.
• Regular updating of the MYTO model.
• Expand the MYTO model from its current annual configuration to a monthly basis, and expand the factors on which a true-up adjustment can be based to reflect the additional factors such as ATC&C losses and customer numbers (by tariff category).
• Use different assumptions to simulate possible tariff paths that would ensure the revenue requirement is met within the price control period as determined by NERC from time to time.
• Preparation of other tariffs that might be required by the business.

Management Reporting

• Ensure that all financial and statutory regulations are complied with
• Ensure that accounting policies, guidelines for recording financial transaction, prudent accounting
• Preparation of Management Reports.
• Preparation of internal and external reports
• Carrying out financial analysis as may be required.
• Overseeing the inventory process and accounting.
• Assist in the preparation and carrying out of internal and external audits.
• Carry out any other duty as requested by The Head, Management Accounting

Your Personal Attributes

• Intrinsically motivated;
• Results - oriented and pragmatic with exceptional problem solving and decision making skills;
• Emotionally intelligent and team player with an international outlook
• Excellent and precise communication & presentation skills;
• Comfortable and effective in managing and communicating with team members and stakeholders
• Ability to deliver results with low levels of supervision;
• Strong interpersonal skills, time management and planning skills
• Strong demonstrated use of Excel, Word, and PowerPoint
• Passion for customer service

Requirements

• First Degree in a numerate subject, deep experience in financial analysis and use of analytical tools with at least 5 years. Relevant professional qualification will be an added advantage
• Requires between 6 years’ relevant work experience with advanced/ extensive knowledge and mastery of relevant theories, principles and complex techniques gained through broad experience or special development.
• Relevant professional qualifications e.g. ACA, ACCA are essential.
• Knowledge of Statutory laws & Accounting standards
• Financial Modelling Skills
• Finance & Accounting
• IT system dynamics