Senior Finance Specialist at Ikeja Electricity Distribution Company (IKEDC)

Job Title: Senior Finance Specialist (Reporting Regulatory Matters and Tariffs Specialist)

Role Summary 

• We are seeking a highly skilled and detail-oriented finance professional with 5–7 years of proven experience in financial reporting, regulatory compliance, and tariff analysis within the Nigerian business environment, preferably in regulated industries.
• The ideal candidate will ensure accurate financial reporting, maintain compliance with statutory and regulatory requirements, and conduct in-depth tariff reviews to support business decision-making and revenue optimization.

Key Responsibilities
Financial Reporting:

• Prepare accurate and timely monthly, quarterly, and annual financial statements in compliance with IFRS and company policies.
• Consolidate financial data and prepare management reports for decision-making.
• Conduct variance analysis against budgets, forecasts, and historical performance.
• Ensure proper maintenance of general ledger accounts and reconciliations.

Regulatory Compliance:

• Ensure timely filing of all statutory returns (FIRS, State IRS, PENCOM, ITF, NSITF, etc.).
• Maintain up-to-date knowledge of relevant financial laws, tax regulations, and industry-specific compliance requirements.
• Liaise with auditors, regulators, and other relevant authorities to ensure seamless compliance processes.
• Prepare and submit required reports to sector regulators and other applicable agencies.

Tariff Analysis & Revenue Management:

• Conduct detailed tariff modeling and impact assessments based on regulatory guidelines.
• Monitor and analyze changes in tariffs and their implications for revenue and profitability.
• Provide insights to support tariff review submissions to regulatory bodies.
• Collaborate with commercial and operations teams to optimize pricing and revenue collection strategies.

Other Duties:

• Support annual budget preparation and periodic forecasting.
• Participate in financial system improvements and automation initiatives.
• Provide guidance to junior finance staff on compliance and reporting requirements.

Requirements

• Education: Bachelor’s degree in Accounting, Finance, Economics, or related discipline.
• Professional Certification: ACA, ACCA, or equivalent is required.
• Experience: 5–7 years post-qualification experience in financial reporting, regulatory compliance, and tariff analysis in Nigeria, preferably in a regulated sector (e.g., power, utilities, telecoms).

Technical Skills:

• Proficiency in IFRS reporting.
• Strong knowledge of Nigerian tax laws and regulatory frameworks.
• Advanced Excel and financial modeling skills.
• Familiarity with ERP systems (SAP, Oracle, or similar).

Soft Skills:

• Analytical and problem-solving ability.
• Strong attention to detail and accuracy.
• Excellent communication and stakeholder management skills.

Application Instructions:

The application deadline is Not Specified. Therefore, qualified and interested candidates can “CLICK HERE TO SUBMIT APPLICATION.” It is important to visit the official website (link found below) for detailed information on how to apply successfully for this vacancy.

Website:
Official Job Website: https://www.ikejaelectric.com/