Financial Analysis & Reporting Lead at Ikeja Electricity Distribution Company (IKEDC)

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 Analysis & Reporting Lead

Location: Lagos
Job Type: Full time
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

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: