Senior Finance Specialist at Ikeja Electricity Distribution Company

Role Summary 

• We are seeking a highly skilled and detail-oriented finance professional with 5–7 years of proven experience in financial reporting, regulatory compliance, and tariff analysis within the Nigerian business environment, preferably in regulated industries.
• The ideal candidate will ensure accurate financial reporting, maintain compliance with statutory and regulatory requirements, and conduct in-depth tariff reviews to support business decision-making and revenue optimization.

Key Responsibilities
Financial Reporting:

• Prepare accurate and timely monthly, quarterly, and annual financial statements in compliance with IFRS and company policies.
• Consolidate financial data and prepare management reports for decision-making.
• Conduct variance analysis against budgets, forecasts, and historical performance.
• Ensure proper maintenance of general ledger accounts and reconciliations.

Regulatory Compliance:

• Ensure timely filing of all statutory returns (FIRS, State IRS, PENCOM, ITF, NSITF, etc.).
• Maintain up-to-date knowledge of relevant financial laws, tax regulations, and industry-specific compliance requirements.
• Liaise with auditors, regulators, and other relevant authorities to ensure seamless compliance processes.
• Prepare and submit required reports to sector regulators and other applicable agencies.

Tariff Analysis & Revenue Management:

• Conduct detailed tariff modeling and impact assessments based on regulatory guidelines.
• Monitor and analyze changes in tariffs and their implications for revenue and profitability.
• Provide insights to support tariff review submissions to regulatory bodies.
• Collaborate with commercial and operations teams to optimize pricing and revenue collection strategies.

Other Duties:

• Support annual budget preparation and periodic forecasting.
• Participate in financial system improvements and automation initiatives.
• Provide guidance to junior finance staff on compliance and reporting requirements.

Requirements

• Education: Bachelor’s degree in Accounting, Finance, Economics, or related discipline.
• Professional Certification: ACA, ACCA, or equivalent is required.
• Experience: 5–7 years post-qualification experience in financial reporting, regulatory compliance, and tariff analysis in Nigeria, preferably in a regulated sector (e.g., power, utilities, telecoms).

Technical Skills:

• Proficiency in IFRS reporting.
• Strong knowledge of Nigerian tax laws and regulatory frameworks.
• Advanced Excel and financial modeling skills.
• Familiarity with ERP systems (SAP, Oracle, or similar).

Soft Skills:

• Analytical and problem-solving ability.
• Strong attention to detail and accuracy.
• Excellent communication and stakeholder management skills.