Friday, 29 January 2016

Senior Finance Managers 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 below:

Job Title: Senior Finance Manager


Role Purpose
  • Responsible for effective General Accounting, Treasury Management and Payables, including developing policies & procedures to ensure financial discipline, preparation and reporting of financial performance of Ikeja Electric, effective management of funds andOPTIMIZING financing costs.
Role Accountabilities

General Financial Accounting:
  • Ensure that Accounting policies, guidelines for recording financial transaction, prudent accounting principles (in consultation with the CFO) and accounting standards applicable as per statutory requirements of company law are framed and followed
  • Conduct periodic reviews of the organization's  accounting policies & procedures and update where necessary
  • Responsible for periodic book keeping reviews
  • Supervise the reconciliation activities and financial close activities
  • Oversees the preparation of Final  Accounts, other regular review reports
  • Ensures proper maintenance of General Ledger accounts
  • Ensure the maintenance of accounting controls
Treasury Management:
  • Bank and Cash management
  • Liquidity management
  • Funding
  • EXCHANGE RATE risk management
  • Interest rate risk management
  • Develop policies and strategies for evaluating different investment opportunities.
  • Review investment proposals prepared and forward to CFO for investment decisions.
  • Investments and Fixed Assets Accounting
  • Review the proposals for capital expenditure as per delegation of power (DOP)
  • Maintain Fixed Assets records  and reconciliations
  • Inventory Accounting
  • Ensure correct accounting for inventory
Training and Development:
  • Conduct performance appraisal of line reports and identify specific training and skill requirements for officers directly reporting to him
  • Monitor department’s performance through Key Performance Measures.
  • Ensure provision of adequate resources for various activities of the department
  • Carry out any other duties as requested by the CFO/ Head Department of the company
Minimum Requirements
  • Chartered Accountant, MBA will be an advantage, with minimum  15 years of experience in the field of Finance & Accounting and Financial Management, Banking, Cash, Treasury management etc., and at least 5 years in management position
Skills and Competencies
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
  • Budgeting and Fund Management
  • Advance Accounting and Financial Techniques
Behavioral Competencies:
  • Strategic thinking skills
  • Excellent 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.