Manager, Commercial Finance & Tariff at Ikeja Electricity Distribution Company

Reporting To: Head Management Reporting & Commercial Finance

Role Purpose

• This role is responsible for providing quality and timely financial insight and analysis to the different departments / teams within the organisation to aid business decisions, as well as provide support on tarrif analysis and pricing.

Responsibilities

• Provide management reports to senior management, including variance analysis on monthly, quarterly and annual basis and ensure that senior management has necessary visibility on budget performance data.
• Develop and maintain a robust Project Cost Benefit Analysis (PCBA) tracker.
• Monitor the effectiveness of Project spends.
• Ensure project spend is well controlled and determine/identify opportunities for savings.
• Drive Project profitability reviews / margin governance.
• Improve project efficiencies by establishing review culture and driving actions coming out of post evaluations (i.e. Pre-&-Post CBA evaluations).
• Provide support on Tariff pricing and overall product profitability.
• Support month-end closing process through CBA close out reviews.
• Ensure the integrity, promptness and accuracy of periodic reporting.
• Evolve and implement cost management strategies to monitor and control costs company-wide.
• Relate closely with the entire IE Commercial and Technical teams and BU Finance Managers for commercial analysis and business data.
• Carry out monthly variance analysis of budget versus actual results.
• Update the monthly Management reporting pack and provide relevant analysis.
• Support Head of Unit in all other ad-hoc management reporting requests and required analysis.
• Improve and challenge current processes and procedures.
• Comply with Quality Management System / Operational Health & System requirements including objectives and applicable regulations relating to assigned jobs.

Minimum Qualifications

• First degree in Accounting or related field
• Professional qualifications - ACA, ACCA, CFA,etc.
• Relevant years of experience – minimum of 5 or 6 years with advanced/ extensive knowledge and mastery of relevant theories, principles and complex techniques gained through broad experience.
• Use of MS applications for financial modelling.

Technical Competencies:

• Data Processing and Financial Analysis
• Excellent financial modelling skills
• Accounting Policies and Principles
• Management Accounting & Reporting

Behavioral Competencies:

• Excellent communication skills at all level internally and externally
• Confidence to make well-reasoned insight and recommendations
• Business Focus
• Operate well under stress, flexible and focuses on delivering results.