Job Opportunties at Sapele Power Plc (SPP)

Job Objectives

• To ensure compliance with Sapele Power Plc’s Policies, Procedures, and regulations. This objective will enhance reliability of financial reporting and information
• To ensure Sapele Power Plc’s operational activities are in line with best industry standards. This will promote effectiveness and efficiency of operations
• To ensure SPP’s operational activities are in compliance with all regulatory requirements.

Key Responsibilities

• Establish internal audit scope and develop annual risk-based audit plans/programs
• Execute risk-based audit programs providing detailed and objective review of conformance with Sapele Power Plc operational and financial activities along with policies and procedures
• Execute and monitor the audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable regulations
• Conduct walkthroughs and testing of medium to low risk process to analyze operating effectiveness and design of main financial controls
• Carry out audit report follow-up testing to identify if corrective action plans of management’s were executed on time and communicate results to senior executive management.
• Vet all financial transactions and ensure they meet Sapele Power Plc standard reporting systems
• Ensuring Stock Take exercise is observed on last day of every month.
• Monitor the CAPEX and OPEX expenses while ensuring adequate compliance to financial prudence.
• Maintain open communication with management and audit committee
• Document process and prepare audit findings memorandum
• Coordinate the entire Internal Audit team, ensuring that the values required of the team are delivered

Build capacity within the Internal Audit team of the Organization by:

• Continuously reviewing the capacity required to support the team unit in delivering its functions effectively
• Provide development opportunities for direct reports that challenge and expand their capability
• Provide leadership that inspire others to succeed, and proactively share experience, knowledge plus ideas
• Ensuring that performance objectives are clearly defined for all job roles within the team and that all staff members are evaluated against agreed performance objectives at pre-defined periods set by the HR function
• Coaching and counseling of team members as necessary.

Key Performance Indicators

• Up to date details of all transactions and processes reviewed
• Accurate value of available stocks in the entire business or group
• Accurate postings of accounts per account types, Cost Centers and business location.
• Timely delivery of monthly audit memorandum
• Compliance to SPP’s operating standards.

Functional Competencies/Requirements

• Highly developed and demonstrated skills in analysis, conceptualization and problem solving
• Strong business analysis skills and the ability to document and analyze business processes and their controls
• Strong Financial and Management Accounting skills
• Strong Computer literacy skills
• In-depth understanding of Accounting software
• In-depth understanding of Accounting systems.

General Management Competencies/Requirements:

• Strong Leadership skills
• Strong Oral and Written Communication skills
• Good Presentation Skills
• Strong Negotiation Skills
• Relationship Management
• Strong Problem solving skills
• Ability to plan, schedule and coordinate effectively.

Educational Qualifications/Experience:

• Minimum of university Degree or HND Accounting, Internal Audit (and or other recognized Professional Accounting Qualification ACCA or ACA)
• Minimum of 5 years post professional qualification experience.
• Knowledge of Power Sector Regulatory Requirements and Pronouncement would be an added advantage.

Desired Personal Attributes:

• Integrity
• Proactive self-starter
• Assertive and tenacious
• Ability to work with little or no supervision
• Ability to work with all levels of management, build partnerships and teams
• Highly organized and able to adapt quickly to changing priorities
• Ability to cope with and work under pressure.

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Job Objectives

• To manage the smooth running of the Financial Accounting operations of Sapele Power Plc
• Ensure adherence to the accounting deliverables of Sapele Power Plc

Key Responsibilities

• Drive the Finance Operations as its affect various departments of the company
• Champion the Implementation of all Financial Cycle Processes and Procedures
• Preparing final accounts by ensuring all account schedules agree with the General ledger balances on Monthly, Quarterly, Bi Annual, and Annual basis.
• Reconciliation of Balance Sheet balances to Sub-Ledger and ensure prompt correction of identified errors
• Ensuring Financial Reports are prepared in accordance with IFRS regulations
• Preparation of Monthly Management Report. Detailing Financial Performance against budget and provide comments on all variances
• Attend to External Auditors on annual audit exercise and other External Consultants
• Ensuring that all regulation levies are paid as and when due. E.g (WHT Remittances, VAT, PAYE and CIT)
• Vet all financial transactions and ensure they meet Sapele Power Plc standard reporting systems
• Ensuring Stock Take exercise is observed on last day of every month.
• Monitor the CAPEX and OPEX expenses while ensuring adequate compliance to financial prudence.
• Ensuring transactions are coded into appropriate expense head and cost centers
• Assist in extracting, collating and consolidation information needed to generate the company’s annual operating budget.
• Coordinate the entire Finance team, ensuring they deliver the value required of the team
• Build capacity within the Financial Accounting team of the Organization by:
  • Continuously reviewing the capacity required to support the team unit in delivering its functions effectively
  • Provide development opportunities for direct reports that challenge and expand their capability
  • Provide leadership that inspire others to succeed, and proactively share experience, knowledge plus ideas
  • Ensuring that performance objectives are clearly defined for all job roles within the team and that all staff members are evaluated against agreed performance objectives at pre-defined periods set by the HR function
• Coaching and counseling of team members as necessary

Key Performance Indicators:

• Up - to - date Asset details; Acquisition, Movement register and depreciation
• Up to date details of all Prepayments
• Accurate value of available stocks in the entire business or group
• Accurate postings of accounts per account types, Cost Centers and business location.
• Adherence to Monthly Closing Deadlines
• Timely delivery of financial reports/ Monthly Management Reports
• Zero Tolerance on correcting journals from External Auditors

Skills, Competencies and Requirements
Functional Competencies/Requirements:

• Financial Strategy Management
• Financial Analysis Skills
• Strong Financial and Management Accounting skills
• Strong Computer literacy skills
• In-depth understanding of Accounting softwares
• In-depth understanding of Accounting systems

General Management Competencies/Requirements:

• Strong Leadership skills
• Strong Oral and Written Communication skills
• Good Presentation Skills
• Strong Negotiation Skills
• Relationship Management
• Strong Problem solving skills
• Ability to plan, schedule and coordinate effectively

Educational Qualifications/Experience

• Minimum of university degree or HND Accounting, Finance (and or other recognized Professional Accounting Qualification ACCA or ACA)
• Minimum of 5 years post professional qualification experience.
• Basic knowledge of Power and Energy Sector’s GSAA, GTA, PPA & Accounting systems would be an added advantage.

Desired Personal Attributes:

• Integrity
• Proactive self-starter
• Assertive and tenacious
• Ability to work with little or no supervision
• Ability to work with all levels of management, build partnerships and teams
• Highly organized and able to adapt quickly to changing priorities
• Ability to cope with and work under pressure

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Job Objectives
Support the Internal Audit Manager to monitor and enforce internal control processes of Sapele Power Plc in order to achieve following objectives:

• Reliability of Financial Reporting and Informatio
• Operational Effectiveness and Efficiencies
• Regulatory compliance

Key Responsibilities

• Assist in business process review across the various units of Sapele Power Plc
• Identify weakness of controls and processes and suggest solutions to mitigate the gaps identified
• Monitor level of compliance to SPP’s processes and procedures
• Prepare weekly exception report and monitor the processes of rectifying the exception noted.
• Assist in the improvement of internal controls related to inventory management
• Improve and manage inventory analysis report and produce monthly inventory valuation report
• Participation in monthly stock count and reconciliation
• Assist in monthly Payroll review and produce variance analysis report.
• Ensure petty cash are managed in line with SPP’s policy and financial operation guidelines
• Conduct cash count at a regular interval
• Continuous review of payments and approval processes.

Key Performance Indicators:

• Up to date details of all transactions and processes reviewed
• Monthly Inventory Observation Report
• Accurate postings of accounts per account types, Cost Centers and business location.
• Timely delivery of weekly audit report
• Compliance to SPP’s operating standards

Functional Competencies/Requirements:

• Highly developed and demonstrated skills in analysis, conceptualization and problem solving
• Moderate business analysis skills and the ability to document and analyze business processes and their controls
• Moderate Computer literacy skills
• Basic understanding of Accounting software
• Basic understanding of Accounting systems

General Management Competencies/Requirements:

• Strong analytical skills
• Good written and oral communication skills, able to communicate basic financial matters to non-technical experts
• Strong commercial awareness
• Ability to bring a “hands on” approach to the work if needed
• Positive "can do" spirit
• Basic understanding of operations in the Energy and Power Industry

Educational Qualifications/Experience

• Minimum of university degree or HND Accounting (and or other recognized Professional Accounting Qualification ACCA or ACA)
• Minimum of 3 years post professional qualification experience.

Desired Personal Attributes:

• Team Player
• Proactive self-starter
• Flexibility to adapt to a variety of work situations
• Highly organized and significant ability to multi-task
• Ability to cope with and work under pressure
• The ability to manage and motivate a team
• Used to working in fast moving environments providing accurate and timely information to a high standard.