Financial Analysis & Reporting Lead

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Job Description

Buoyed by a mission to redefine customer experience and be the provider of choice wherever energy is consumed, Ikeja Electricity Distribution Plc (Ikeja Electric), Nigeria's largest power distribution network powers lives and businesses with innovation and unwavering drive for excellence. The company began its new phase of growth and expansion on November 1st, 2013 following the handover of the defunct Power Holding Company Of Nigeria (PHCN) to NEDC/ KEPCO Consortium under the privatization scheme of the Federal Government of Nigeria. The consortium has the Korean Electric Power Corporation (KEPCO) which generates about 84,000MW in capacity and has a global efficiency record of a maximum down time period of slightly above three minutes annually as technical partners. This partnership has positioned IE to effectively drive its commitment to deliver efficient and sustainable power supply through investments in new technology, infrastructure upgrade and human capital development. Ikeja Electric has over 600,000 customers who the company is committed to serve with a New Spirit, New Drive and New Energy. This resolve continues to elicit a passion for service excellence and new thinking on how to empower lives and businesses across the IE network.

Job Title: Financial Analysis & Reporting Lead

Job Type: Full Time

Qualification: BA/BSc/HND

Experience: 6 years

Location: Lagos

Job Field: Finance / Accounting / Audit 

Reporting To: Head Management Accounting

Role Purpose

  • This role is responsible for assisting the Head Management Accounting in Financial Analysis, Rates and Tariffs, and Management Reporting.

Responsibilities

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
Job Requirements
Minimum years of experience

6

Qualifications
B.Sc
Other Requirements

Minimum Qualifications

  • 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.

Technical Competencies:

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

Behavioral Competencies

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

 

Method of Application

Interested and qualified? Go to Ikeja Electricity Distribution Company on careers.ikejaelectric.com to apply

This job is no longer accepting applications.

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About Ikeja Electricity Distribution Company (IKEDC)
Ikeja Electric - Buoyed by a mission to redefine customer experience and be the provider of choice wherever energy is consumed, Ikeja Electricity Distribution Plc (Ikeja Electric), Nigeria's largest power distribution network powers lives and businesses with innovation and unwavering drive for excellence. The company began its new phase of growth and expansion on November 1st, 2013 following the handover of the defunct Power Holding Company Of Nigeria (PHCN) to NEDC/ KEPCO Consortium under the p...
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Job Summary
Published
February 28, 2020
Offer Type
Full time
Experience
Minimum of 6years
Location
Lagos
Deadline
March 13, 2020
Specialization
Finance / Accounting
Industries
Engineering / Construction /Energy / Power
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