Friday, 29 January 2016

Experienced Accountants at Ikeja Electricity Distribution Company (IKEDC)

Ikeja Electricity Distribution Plc, 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.

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.

We are recruiting to fill the position of:

Job Title: Experienced Accountant


Role Purpose
  • Responsible for carrying out period close activities and preparation of periodic financial statements for external/internal reporting.
  • Responsible for managing and ensuring timely entry of transactions to the sub-ledgers and its subsequent reconciliation into general ledger.
Role Accountabilities
  • Timely preparation of trial balances from the sub-ledger and general ledger for period close activities
  • Maintenance of various accounting areas like fixed assets, parts inventory, cash, reconciliation of accounts and resolving any reconciling item.
  • Analyzes transaction data for the purpose of identifying potential budget variances, compiling statistical information.
  • Developing procedures, and conforming to established financial practices and regulatory requirements
  • Preparing timetable for the submission of required reports to the regulatory or statutory bodies and notifying the relevant units of required reports based on the timetable
  • Resolving variances in period close activities with various departments.
  • Responsible for the maintenance of assigned general ledger accounts.
  • Prepares and maintain complex journal entries in the respective accounting books
  • Timely preparation of monthly journal entries and the reconciliation of the accounts and related schedules
  • Verify and maintain supporting documents/bills for all accounting transactions
  • Assists with payroll accounting (e.g. calculating payroll tax deposits, reconciles payroll data etc.) for the purpose of providing requested supporting documentation, information on internal processes, and/or coordinating activities.
  • Carry out any other duty as requested by the Line Manager.
Minimum Requirements
  • Minimum of HND/ B.Sc in Accounting.
  • Must be a qualified Chartered Accountant with ACA, ACCA etc.
  • At least 4- 7 years of relevant work experience.
Technical Competencies:
  • Knowledge of accounting standards and practices
  • Good knowledge of budgeting and fund management practices
  • Usage of ERP accounting application(s)
  • Good analytical skills
  • Proficiency in the MS Office Suite especially MS Excel
Behavioral Competencies:
  • Analytical skills
  • Coordination Skills
  • Interpersonal skills
Application Closing Date
2nd February, 2016.

How to Apply

Interested and qualified candidates should:
Click here to apply online 

Note: Unsuitable applications will not be acknowledged.