Financial Reporting Officer at Egbin Power Plc

Egbin Power Plc. Lagos is one of the biggest additions to the electricity industry in Nigeria. Often seen as the biggest single generating power station in Sub-Saharan Africa, it was built to meet the every rising demand for electricity in Lagos and its environs.

Following the nation’s privatization exercise, Sahara, through its power division, Sahara Power Group and sundry affiliations, acquired the 1320 MW installed capacity Egbin Power Plant. We are working towards deploying a minimum of 5,000 MW of electricity generation over the next five years.

We are recruiting to fill the position below:

Job Title: Financial Reporting Officer

Location: Lagos
Job type: Full Time

Job Summary

• Responsible for providing accurate and timely financial information to enhance financial decision making.

Key Duties and Responsibilities

• Evaluate current and historical data to enhance decision making.
• Provide analytic insight in support key strategy projects, market, trend, customer, channel and competitive assessments.
• Assist in preparation of draft financial statement for audit purpose and ensure timely completion of the statutory audit.
• Prepare and submit all regulatory report to NERC at defined deadlines.
• Compute relevant federal, state, local, VAT, PAYE and other tax returns for the attention of the Section Head Financial Reporting at defined periods.
• Oversee filing of tax and fiscal requirements within defined statutory deadlines.
• Ensure prompt remittance of computed taxes and returns to relevant authorities in a timely manner.
• Extract, collate and file relevant support documentations and proof of tax remittances for tax investigation exercises.
• Maintain records of all tax transactions and related balance sheet activity for tax and audit purposes.
• Reconcile all general ledger accounts and assist the Taxation Accountant with special projects as required.
• Perform tax-related research and review relevant documentations to interpret tax legislations and provisions.
• Ensure accuracy of tax reporting in financial statements – audit reviews, budgets & reports.
• Manage Egbin’s tax remittances and provisioning to ensure appropriateness.
• Respond to ad-hoc inquiries/ queries on tax related issues and maintain relationships with personnel at the tax offices or other authority
• Ensures adherence to strategies to meet short, medium and long-term financing needs ensuring alignment with the organisation’s goals and objectives.
• Assist to ensure judicious use of organization’s resources to meet all likely contingencies within established risk limits.
• Preparation of financial forecasts and monitoring business performance.
• Recommend strategies for project financing to facilitate the realisation of Egbin’s operational and corporate objectives.
• Cultivate and manage relationships with strategic partners
• Participate/ provide inputs in the review of financial partners dealings and ensuring compliance with Service Level Agreements (SLAs).
• Ensure effective tax planning for Projects by seeking innovative ways for the business to benefit from tax reliefs and other similar advantages
• Keep abreast of changes and updates in macroeconomic policies and advice the Finance team on the implications for the business.
• Assist in preparing the unit’s budget inputs and contribute in the preparation of the budget firm-wide.
• Support preparation of senior management and board level communications
• Provide support in the areas of performance monitoring, analytics and reporting with the company to drive operational efficiency.
• Assist in ensuring effective strategies and measures are in place and detect potential revenue leakages/irregularities.
• Develop and implement creative performance template/tracker for the business.
• Collate and interpret data, analysing results from varied sources, using statistical techniques and providing ongoing reports, draw inference and present observations that will guide business decisions.
• Develop business intelligence tools that help drive business operations.
• Ensure compliance to International and local reporting standards in line with best practice
• Review business financial statements and analyse commodity prices, sales, costs, expenses, and tax rates to determine a company’s value by projecting the company’s future earnings
• Meet with company officials to gain better insight into the company’s prospects and management.
• Perform expense trend analysis and monitor financial and operational risk exposure on an ongoing basis; proactively communicate potential risks to management
• Provide general support to business managers as required.
• Completes other ad hoc analysis and reporting, including utilizing data from multiple sources.
• Perform any other duty as may be communicated by line managers, management team or any other recognized stakeholder.
• Establish and maintain relationships with key internal and external stakeholders.

Education and Work Experience

• Bachelor’s Degree or its equivalent in Accounting, Finance, Economics or other related discipline.
• Relevant professional certification (e.g. ACA, ACCA, CIMA, CFA) will be an added advantage.
• Five (5)- Eight (8) years relevant experience

Skills and Competencies:

• Good understanding of trends, challenges, opportunities, regulations and legislations relating to the power industry.
• Good working relationship with internal and external customers.
• Working knowledge of accounting packages and systems, including a standard ERP software.
• Good report writing and presentation skills
• Ability to extract, manipulate and analyse large volumes of data and strong problem-solving skills
• High sense of accountability and dependability
• Good oral and written communication skills
• High ethical standards and integrity.
• Proficiency in the use of MS Office tools.

Application Closing Date
15th April, 2022.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Click here for more information

Note: Only shortlisted candidates will be contacted.