Job Title: Assistant General Manager – Deputy General Manager (Head, Financial and Accounts Analysis)
Division/Department: Market Competition and Rates
Employer: Nigerian Electricity Regulatory Commission (NERC)
Sector: Power
Recruiter: ReStraL Limited
Job Summary: The Head, Financial and Accounts Analysis will lead the Group in the Division responsible for the review and evaluation of Licensees' financial statements to ensure adherence with extant guidelines, orders and regulations and best practice and provide financial and accounting input for tariff determination and control. The job holder will report to the Commissioner, MCR.
Key Responsibilities:
1. Review of licensees' audited financial statements and identify any regulatory and statutory compliance issues
2. Establish and review benchmarks derived from financial and accounting standards and propose improvement from time to time
3. Review licensees' business plans, budgets and programmes and advise on the appropriate capital and operating expenditures as well as establish investment trends in the various sectors
4. Participate in the on-site review and examination of licensees' financial and accounting records to ensure adherence to best practices
5. Review licensees' requests for pass through costs and carry-out reconciliation
6. Review adequacy of financial reporting requirements and standards and propose necessary improvements
7. Review External Auditors appointment and/or work plan detailing review procedures and scope of work and recommend for Commission's approval in line with license Terms and Conditions
8. Supervise and co-ordinate the functions and activities of FAA Group
9. Ensure the production of periodic reports of the activities of FAA Group
10. Prepare a training and capacity building plan for staff of FAA Group
11. Supervise and undertake periodic performance appraisal of staff of FAA Group
12. Manage consultancies relevant to FAA Group
Person Specification:
Required Knowledge and Skills:
1. Must demonstrate good understanding of the current status of the NESI, the current reform imperatives and the electricity market structure mandated by the Electric Power Sector Reform Act, 2005
2. Demonstrable computer and quantitative skills, learning/training in accounting, especially cost and management accounting, financial and business analysis and statistical techniques as well as the ability to perform independent research
3. Good written and oral communication skills and the ability to prepare and present important concepts and initiatives to a wide range of audiences
4. Experience in financial analysis and modelling in energy markets (especially oil and gas and/or electricity) will be a definite advantage
5. Good knowledge of project management and evaluation
6. Ability to learn and apply listening and negotiation skills
7. Firm ethical grounding, discipline and integrity
8. Task identification, execution and results orientation
9. Focus on high standards and quality of work
10. Self-starting, proactive and self-censoring with capacity for independent thought and analysis
11. Must demonstrate good organisational and leadership skills
Educational / Professional Qualification(s):
1. A Bachelor's degree in Accountancy plus a relevant professional qualification, preferably ACA, ACCA, CPA or CIMA, is mandatory
2. A Master's degree in Accounting or Finance from a reputable tertiary institution will be an advantage
Work Experience:
1. Minimum of 18 years post-graduate experience, including a minimum of 10 years post-professional qualification experience
2. Very good experience of financial and/or economic modelling required
3. Significant working experience in relevant sector/organisation with demonstrable significant experience in cost, management and financial accounting
4. Experience working with and building financial/economic models is compulsory
Deadline: 8th August, 2013
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