Job Vacancies at Ikeja Electricity Distribution Company (IKEDC)

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.

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Reporting To: Governance and Compliance Lead

Role Purpose

• This role is responsible for providing specialist advice, support and drive Corporate Governance and Compliance, thereby ensuring the efficient operation of the Ikeja Electric’s decision making mechanisms and that our operations follow the legal and regulatory requirements as it relates to our business and industry.

Responsibilities
Compliance:

• Develop, implement and manage the compliance framework to achieve the Company’s goal of regulatory compliance at all times.
• Ensure information flow to internal and external stakeholders are reliable, correct and approved in line with regulatory requirements and business sustainability at all times.
• Ensure compliance and timely delivery of all routine and adhoc reports per Ikeja Electric’s regulatory obligations.
• Classify various stakeholders and understand regulatory or contractual relationship (orders, codes statutes or agreements etc.) thereby developing a framework to highlight duties, obligations, roles, penalties, remedies, dispute resolution, risk and mitigation strategy in line with governance and compliance expectations.
• Conduct periodic compliance assessments of the Company’s adherence to laws, regulations, orders, policies and processes.
• Prepare management reports regarding compliance operations.
• Coordinate or oversee regulatory submissions and reporting activities.
• Track all issues referred to compliance up to and including resolution.

Corporate Governance:

• Implement, manage and embed a corporate governance and compliance framework for Ikeja Electric and ensure that there are policies, processes, procedures and risk management guidelines required to maximize shareholders and stakeholder values.
• Support the development and implementation of a culture of governance and compliance at Ikeja Electric in line with the Board approved policies and the Code of Corporate Governance.
• Ensure continuous awareness of all staff and other stakeholders of Ikeja Electric on governance and regulatory requirements – via training and newsletters.
• Develop and review policies and processes.
• Advise Management on the company’s compliance with laws and regulations, and their impact through detailed reports/advisory memos.
• Provision of operational support and practical advice, geared towards effective and efficient management of the company’s regulatory compliance risks.
• Develop the Company’s annual Sustainability Report.
• Provide company secretarial support

Minimum Qualifications

• A degree in law and professional certification from the Nigerian Law School.
• A minimum of 4 years of cognate experience in corporate governance, compliance, corporate/commercial law or a relevant discipline such as risk management, internal control, ethics management, or internal audit
• Additional professional certification would be an added advantage - ICSA, ACAMS

Technical Competencies:

• Corporate Administration – (Policy development, formulation and implementation)
• Stakeholder management – (Negotiation and Conflict resolution)
• Good knowledge of the Nigerian Electricity Supply Industry
• Good knowledge of risk management.
• Strong ability to analyze data, prepare reports, policies, presentations and legal opinions
• Good knowledge of key regulatory requirements as it relates to the business
• Good investigative skills
• Functional knowledge of Microsoft Office applications – especially, Excel, Power point and Word

Behavioral Competencies:

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