Job Openings at Ikeja Electricity Distribution Company

Role Purpose:

• Lead the Finance operations team in managing and controlling companywide expenditure as well as manage commitments/liabilities recognition process.
• Responsible for effective General Accounting, preparation and reporting of financial performance and taxation activities in compliance with appropriate generally accepted accounting practices, statutory guidelines and company’s policies and procedures.

Role Accountabilities:

Key Functions & Deliverables

• Oversee tax administration (planning and compliance) company-wide.
• Oversee, direct, and organize the work of the finance operations and accounting teams.
• Maintain continuous lines of communication, keeping management informed of all critical financial issues.
• Delivery of a timely, accurate and reliable financial reporting that provides insight and aids the strategic decision-making process.

Main Duties and Responsibilities

• Coordinate the development of an effective financial reporting system to ensure prompt preparation of reliable information for decision making by top management.
• Review and monitor enhanced financial transaction posting process to ensure company’s financial and information is of agreed quality and integrity.
• Coordinate the planning and management of corporate income and state taxes (deductions, account analysis, reconciliations and periodic remittance) and ensure compliance with all relevant tax laws.
• Develop and ensure compliance with approved internal controls to ensure the integrity of the general ledger, vendor’s sub-ledgers and the accrual process.
• Coordinate the management and reconciliation of general ledger accounts in the system.
• Responsible for periodic book keeping review and financial close activities.
• Coordinate the preparation of final accounts and timely financial statements that reflect the company’s financial position and comply with statutory/regulatory requirements.
• Ensure the timely preparation of external financial reports to regulatory and supervisory agencies.
• Authorise expenditure/transactions in line with the organisation’s approved authority limits.
• Manage the interface between the company and external auditors and regulators to ensure the organisation’s financial interest is protected.
• Establish and maintain good relationships with relevant officials of the Regulatory bodies and Tax authorities.
• Manage the human and material resources of the unit to optimize performance and enhance output.
• Identify training needs of direct reports and ensure same are provided for the team.
• Comply with Quality Management System / Operational Health & System requirements including objectives and applicable regulations relating to assigned jobs.
• Carry out any other duties as requested by the Head of Department.

Your Personal Attributes

• Intrinsically motivated;
• Results - oriented and pragmatic with exceptional problem solving and decision making skills;
• Emotionally intelligent and team player with an international outlook
• Excellent and precise communication & presentation skills;
• Comfortable and effective in managing and communicating with team members and stakeholders
• Ability to deliver results with low levels of supervision;
• Strong interpersonal skills, time management and planning skills
• Strong demonstrated use of Excel, Word, and PowerPoint
• Passion for customer service
• Operate well under stress, flexible and focuses on delivering results;
• Integrity and principles-based work ethics
• Demonstrated effective interpersonal skills
• Ability to move at operational, tactical and strategic levels

Requirements

• A bachelor’s degree in Accounting or a Finance-related field, Commercial or Social Science discipline
• Post-graduate degree(s) and relevant professional qualifications e.g. ACA, ACCA are required.
• 10 years’ experience, with at least three (3) years' experience in a supervisory position.
• Data Processing
• Excellent financial modelling skills
• Accounting Policies and Principles
• Financial Reporting and Accounting Standards (IFRS, IAS, etc.)
• Financial Analysis and Planning
• Revenue Management
• Financial Statement Preparation and Analysis
• Tax Management
• Attention to details with transforming data to insight tailored to the audience

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Role Purpose:

• Oversee all aspects of Commercial Decision Making, Financial Performance and Management reporting.
• The role plays a big part in driving financial performance, through initiating and supporting profit growth, and supporting the team to deliver contractual and budget initiatives.
• The job holder assists the Accounting Chief in Financial Analysis, Rates and Tariffs, and Management Reporting

Role Accountabilities:

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

Your Personal Attributes

• Intrinsically motivated;
• Results - oriented and pragmatic with exceptional problem solving and decision making skills;
• Emotionally intelligent and team player with an international outlook
• Excellent and precise communication & presentation skills;
• Comfortable and effective in managing and communicating with team members and stakeholders
• Ability to deliver results with low levels of supervision;
• Strong interpersonal skills, time management and planning skills
• Strong demonstrated use of Excel, Word, and PowerPoint
• Passion for customer service

Requirements

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