Finance Managers at Ikeja Electricity Distribution Plc

Employment Nigeria 02-Feb-2016 LAGOS , Banking and Finance Managerial

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.

POSITION : 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 and optimizing 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

Others:

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

Sorry the application deadline for this job has elapsed

Disclaimer: Though we make every effort to verify the authenticity of our posts, We're in no way affiliated to any of these companies whose vacancies we publish.
Note : Do not pay any fees to Employers for recruitment. To report and to view a list of fake recruiters in Nigeria, . Click Here

Finance Managers at Ikeja Electricity Distribution Plc

SIMILAR JOBS

MOST RECENT JOBS

GET FREE JOB ALERTS

POPULAR JOBS

Employment Nigeria

Job Seekers

Employers

Contact