Financial Analysis & Reporting Lead at Ikeja Electricity Distribution Company

Reporting To: Head Management Accounting

Role Purpose

• This role is responsible for assisting the Head Management Accounting in Financial Analysis, Rates and Tariffs, and Management Reporting.

Responsibilities
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

Minimum Qualifications

• 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.

Technical Competencies:

• Knowledge of Statutory laws & Accounting standards
• Financial Modelling Skills
• Finance & Accounting
• IT system dynamics

Behavioral Competencies

• Communication and Interpersonal Relations
• Supervisory/Managerial Skills
• Problem Solving and Decision Making
• Managing Resources
• Business Focus