Job Title: Principal Manager, Financial and Accounts Analysis
Division/Department: Market Competition and Rates
Employer: Nigerian Electricity Regulatory Commission (NERC)
Sector: Power
Recruiter: ReStraL Limited
Job summary: The job holder will lead one of the teams in the FAA Group that reviews and evaluates financial statements of licensees in specific sector (-s) of the electricity industry to ensure adherence with guidelines and best practice. S/He will also provide financial and accounting input for tariff determination and control. S/He will report to the Head, Financial and Accounts Analysis Group.
Key responsibilities:
1. Undertakes detailed analysis of financial statements of Licensees and identifies any regulatory and statutory compliance issues
2. Carries out detailed analysis and advice on different financial parameters for tariff determination
3. Evaluates licensees' business plans, budgets and programmes and advices on the appropriate capital and operating expenditures as well as establish investment trends in the various sectors
4. Conducts the necessary analysis and provides input into the determination of license fees, levies and other charges
5. Reviews licensees' requests for pass through costs and carry-out reconciliation of pass through costs
6. Participates in the on-site review and examination of licensees' financial and accounting records
7. Assists in preparing periodic reports relevant to the functions and activities of the Group and the Division
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. High quality written and oral communication skills and the ability to research, draft and present scholarly papers and presentations on key regulatory and tariff-related 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. 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 9 – 15 years' post-graduate qualification experience, including a minimum of 4 – 9 years post-professional qualification experience
2. Significant working experience in relevant sector/organisation with experience in cost, management and financial accounting
3. Real experience of working in or leading multi-disciplinary teams under tight timelines would be an added advantage
4. Experience working with and building financial/economic models will be an added advantage
Deadline: 8th August, 2013
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