Financial Accountant at Sapele Power Plc (SPP)

Job Objectives

• To manage the smooth running of the Financial Accounting operations of Sapele Power Plc
• Ensure adherence to the accounting deliverables of Sapele Power Plc

Key Responsibilities

• Drive the Finance Operations as its affect various departments of the company
• Champion the Implementation of all Financial Cycle Processes and Procedures
• Preparing final accounts by ensuring all account schedules agree with the General ledger balances on Monthly, Quarterly, Bi Annual, and Annual basis.
• Reconciliation of Balance Sheet balances to Sub-Ledger and ensure prompt correction of identified errors
• Ensuring Financial Reports are prepared in accordance with IFRS regulations
• Preparation of Monthly Management Report. Detailing Financial Performance against budget and provide comments on all variances
• Attend to External Auditors on annual audit exercise and other External Consultants
• Ensuring that all regulation levies are paid as and when due. E.g (WHT Remittances, VAT, PAYE and CIT)
• Vet all financial transactions and ensure they meet Sapele Power Plc standard reporting systems
• Ensuring Stock Take exercise is observed on last day of every month.
• Monitor the CAPEX and OPEX expenses while ensuring adequate compliance to financial prudence.
• Ensuring transactions are coded into appropriate expense head and cost centers
• Assist in extracting, collating and consolidation information needed to generate the company’s annual operating budget.
• Coordinate the entire Finance team, ensuring they deliver the value required of the team
• Build capacity within the Financial Accounting team of the Organization by:
  • Continuously reviewing the capacity required to support the team unit in delivering its functions effectively
  • Provide development opportunities for direct reports that challenge and expand their capability
  • Provide leadership that inspire others to succeed, and proactively share experience, knowledge plus ideas
  • Ensuring that performance objectives are clearly defined for all job roles within the team and that all staff members are evaluated against agreed performance objectives at pre-defined periods set by the HR function
• Coaching and counseling of team members as necessary

Key Performance Indicators:

• Up - to - date Asset details; Acquisition, Movement register and depreciation
• Up to date details of all Prepayments
• Accurate value of available stocks in the entire business or group
• Accurate postings of accounts per account types, Cost Centers and business location.
• Adherence to Monthly Closing Deadlines
• Timely delivery of financial reports/ Monthly Management Reports
• Zero Tolerance on correcting journals from External Auditors

Skills, Competencies and Requirements
Functional Competencies/Requirements:

• Financial Strategy Management
• Financial Analysis Skills
• Strong Financial and Management Accounting skills
• Strong Computer literacy skills
• In-depth understanding of Accounting softwares
• In-depth understanding of Accounting systems

General Management Competencies/Requirements:

• Strong Leadership skills
• Strong Oral and Written Communication skills
• Good Presentation Skills
• Strong Negotiation Skills
• Relationship Management
• Strong Problem solving skills
• Ability to plan, schedule and coordinate effectively

Educational Qualifications/Experience

• Minimum of university degree or HND Accounting, Finance (and or other recognized Professional Accounting Qualification ACCA or ACA)
• Minimum of 5 years post professional qualification experience.
• Basic knowledge of Power and Energy Sector’s GSAA, GTA, PPA & Accounting systems would be an added advantage.

Desired Personal Attributes:

• Integrity
• Proactive self-starter
• Assertive and tenacious
• Ability to work with little or no supervision
• Ability to work with all levels of management, build partnerships and teams
• Highly organized and able to adapt quickly to changing priorities
• Ability to cope with and work under pressure