Deputy Head, Financial Accounting Operations at Abuja Electricity Distribution Company (AEDC Plc)

Job Summary

• The position holder deputises for the Head FA Operations with responsibility for several key aspects of corporate wide financial management, including corporate accounting, regulatory and financial reporting, tax management and planning, internal and external audit management, and regional accounting operations.
• The position is responsible for all accounting operations of the organisation, to include the timely production and accurate financial reports, maintenance of an adequate system of accounting records, ensuring that reported results comply with International Financial reporting standards, efficient management of payables and administering of corporate payroll.

Responsibilities

• Oversee the operations of the accounting department, including the design of an organizational structure adequate for achieving the department’s goals and objectives
• Maintain a documented system of accounting policies and procedures
• Oversee the accounting operations of regional offices, especially their compliance with established control systems, transaction-processing operations, and policies and procedures.
• Work with Operational Controls and Risk Departments to develop and document accounting policies to maintain and strengthen internal controls.
• To oversee financial transaction processing and reconciliations within AEDC ensuring that robust controls are adhered to and workloads are managed effectively
• Ensure quality control over financial transactions and financial reporting
• Ensure timely and efficient management of accounts payables
• Oversees the management and control of Regional imprest v ranging from N8Million – N10Million
• Support receivables/debt management efforts in Finance Commercial and Commercial departments to reduce debtor days
• Process payroll in a timely manner
• To lead on the annual statutory year-end requirements, agreeing timetables and responsibilities with all involved, with the primary focus being to achieve a clean audit
• To ensure that all Board Committees are provided with accurate, timely and relevant information
• Prepare and publish timely monthly and annual financial statements
• Coordinate the preparation of the corporate annual report and regulatory reporting
• Support month-end and year-end close process
• Recommend benchmarks against which to measure the performance of company operations
• Calculate and issue financial and operating metrics
• Provide financial analyses as needed, in particular for capital investments, pricing decisions, and contract negotiations
• Provide financial analyses as needed, in particular for capital investments, pricing decisions, and contract negotiations
• To research and lead on technical accounting compliance requirements, developing knowledge throughout the team and with other directorates where appropriate to ensure compliance
• Manage and comply with local, state, and federal government reporting requirements and tax filings
• Ensure that all financial transactions are properly recorded, filed, and reported
• Establish and implement financial reporting systems to comply with government regulations and legislation
• Collaborate with auditing services to ensure proper compliance with all regulations
• Examine all financial reports and data closely to check for discrepancies
• Reports to the Head Financial Accounting Operations (FAO) and CFO with timely and accurate financial information
• All assignments as assigned by Head FAO or CFO.

Requirements

• 10+ years of progressive, relevant experience
• Degree in Finance, Accounting, Business Administration or Economics is required; MBA is an added advantage
• Profession accounting qualification is mandatory (ICAN, ACCA, etc.)
• Practical experience working in Finance and/or Commercial Departments in the Electricity Distribution Industry is an advantage
• Business Acumen - a commercial flair for developing business along with financial acumen and negotiating capacity.
• Entrepreneurial - must fit with the entrepreneurial culture of a high growth company. The individual must be comfortable operating without high degrees of oversight and direction.
• High Execution Quotient (EQ) with a strong focus on results.
• Self-motivated and self-directed, with a high sense of urgency.
• Excellent decision making skills
• Strong leadership and team building skills
• Superior attention to detail
• Solid work ethic
• Understanding and complying with to Company data privacy standards.

General Qualifications:

• Integrity and professionalism.
• Excellent written & verbal communication skills.
• Proficient in Microsoft office application.
• Good interpersonal and Communication skills.
• Self-motivation and self-initiative.
• Statistical and analytical skills, with strong financial analysis skills.
• Ability to work under pressure and meet deadlines.