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Financial Controller at Ikeja Electricity Distribution Company (IKEDC)

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Ikeja Electricity Distribution Company (IKEDC) – Buoyed by a mission to redefine customer experience and be the provider of choice wherever energy is consumed, the Ikeja Electric (IE), Nigeria’s largest power distribution network, came into existence 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.

We are recruiting to fill the position below:

Job Title: Financial Controller

Location: Lagos
Employment Type: Full-Time

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.

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.

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.

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should:
Click here to apply online

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