Budget & Financial Analyst at Egbin Power Plc

The Budget & Financial Analyst assists in managing Egbin’s budget preparation and monitoring process, including the preparation of relevant reports to support Management’s decision-making.

Key Duties and Responsibilities

• Assist in circulating the annual business planning guidelines and provide assistance to other budget holders during the planning process in conjunction with the performance and planning unit.
• Develop a consolidated budget pack for review and approval by the Management Account & Budget Manager.
• Monitor approved budget allocations, revenue, and expenditure and highlight variances for the attention of the Head, Management Account & Budget.
• Carry out primary review and validation of budget data presented by various units and or highlight major inconsistencies/shortcomings.
• Carry out initial review & analysis for consistency of data, validation with other operational information and present to the head of the section.
• Ensure the reporting of the monthly financial performance of each unit and business generating centres (BGCs)
• Carry out variance analysis of major performance parameters with that of budget forecasts, and highlight underlying business/operational causes of variation 
• Carry out studies and research of relevant authoritative sources of macroeconomic data to gather basic information on budgetary assumptions.
• Prepare first drafts of relevant periodic and/ or ad hoc reports.
• Assist in generating monthly management accounts, business performance statements, noting major deviations from budget, and risk areas.
• Participate in the analysis of operational results and proffer recommendations to management.
• Obtain key insights on industry (competitors) and economic analysis, and recommend areas of improvement (If any).
• Provide analytic insight using trend analysis on key operational performance and accounting indices.
• Prepares draft financial forecast to aid business decision-making.
• Prepare monthly financial investment analysis and suggest best alternatives for fund based on economic performance.
• Perform any other duties as may be assigned by the Head of Budget, Planning and Business Performance.
• Implement data protection policies and practices of Egbin Power Plc.
• Ensure compliance with the NDPR and other data protection laws, and data protection policies.
• Undertake Data Protection Impact Assessment as applicable to curb the risk during data processing operations.
• Ensure awareness, understanding and application of QHSE policy and application of departmental objectives.
• Ensure awareness of the Integrated Management System (ISO 9001:2015, 14001:2015 &45001:2018) and implications of not conforming with the requirements.
• Understand and identify hazards, risks, environmental aspect and Impact as it is related to their jobs.

Education and Work Experience

• Bachelor’s degree or its equivalent in Accounting, Finance, Economics or any other related discipline.
• Candidates must possess an ACA qualification. Additional certifications such as CIMA, CPA, or ACCA are an added advantage.
• Three (3) to seven (7) years’ experience with at least two (2) years in Budget and Planning or similar field.

Skills and Competencies

• Good understanding of trends, challenges, opportunities, regulations and legislations relating to the power sector.
• Good understanding of micro and macroeconomic indices and their impact on the business.
• Advance financial and accounting knowledge, including understanding of IFRS, finance best practices and other applicable reporting and accounting standards.
• Working knowledge of accounting packages and systems, including a standard ERP software.
• Very sound business acumen – financial and commercial knowledge.
• Good report writing and presentation skills.
• Ability to extract, manipulate and analyze large volumes of data and strong problem-solving skills
• Strong interpersonal, communication and negotiation skills
• High sense of responsibility, accountability and dependability
• Good oral and written communication skills 
• Good problem-solving skills.
• High ethical standards and integrity.
• Proficiency in the use of MS Office tools.