Chief Financial Officer at Benin Electricity Distribution Plc. (BEDC)

JOB PURPOSE

• The candidate should have deep understanding of International Financial Reporting Standard (IFRS), disclosures, and ability to interpret financial data.

Job Description:

• Oversee the management and accounting of the company’s fixed and non-current assets.
• Maintain and update the fixed asset register, ensuring accurate classification, valuation, and tagging of all assets.
• Coordinate periodic asset verification, tagging, and physical inventory exercises.
• Monitor capital projects and ensure timely capitalization upon completion.
• Track and record asset acquisitions, disposals, impairments, and transfers in compliance with accounting standards.
• Compute and review monthly depreciation charges and reconcile with general ledger balances.
• Ensure compliance with internal control procedures and audit requirements related to asset management.
• Prepare asset-related schedules and reports for management decision-making and external audit purposes.
• Booking of salary Journal Vouchers.
• Booking of provision account receivable.
• Accrual for trade creditor, booking of invoices and payments.
• Filing of source documents.
• Maintaining CBN Amortization schedule.

Education and/or Work Experience Requirements:

• Bachelor’s degree in accounting, Finance, Economics, or other related disciplines.
• A master’s degree in accounting, Finance, Economics, or other numerate sciences is an added advantage.

Professional Qualifications (Mandatory)

• Chartered Accountant (ICAN, ACCA, or equivalent)
• Member of Chartered Institute of Taxation of Nigeria (CITN) is an added advantage.

Relevant Experience

• Minimum of 2-5 years post-qualification experience in finance and accounting roles.
• Experience in a DisCo or FMCG organisation with not less than ₦15 billion monthly turnover.
• Proven experience in final accounts preparation, tax management, budget and budgetary control.

Technical Skills

• Proficient in Microsoft Excel, Word, PowerPoint, and Microsoft Office Suite.
• Hands-on experience with ERP/Accounting Systems (SAP, Oracle, Dynamics NAV, Sage, etc.)
• Strong knowledge of IFRS, Nigerian tax laws, budgeting, and financial modelling.

Core Competencies

• Strong analytical and problem-solving skills.
• Leadership and supervisory capabilities.
• Excellent communication and presentation skills.
• High ethical standards, confidentiality, and attention to detail.
• Ability to work under pressure with strict deadlines.

REMUNERATION AND BENEFITS

• Competitive salary with performance incentives
• Health, pension, and other statutory benefits
• Opportunities for career advancement