Head, Financial Operations & Reporting at Ikeja Electricity Distribution Company (IKEDC)

Job Description

Ikeja Electric is one of the largest power distribution companies in Nigeria, committed to delivering reliable and efficient electricity services to our customers. With a strong focus on innovation and sustainability, we aim to transform the energy landscape in Nigeria and contribute to the country’s economic development. Our mission is to provide exceptional service while ensuring the safety and well-being of our employees and customers.

At Ikeja Electric, we don’t just power homes and businesses – we power careers. As a leading energy provider, we are committed to fostering a culture that champions integrity, innovation, and excellence. Our team is the heartbeat of our success, and we thrive on collaboration, continuous improvement, and creating a workplace where everyone can shine.

We are recruiting to fill the position below:

Job Title: Head, Financial Operations & Reporting

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.

Skills & Competencies

• 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
• Customer Centricity
• Risk Management
• People Leadership
• Entrepreneurship
• Organizational Learning
• Change Management.

Application Closing Date
Not Specified.

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