Financial Reporting Officer at Egbin Power Plc

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 Deadline

15th April, 2022.

Method of Application

Interested and qualified candidates should:
Click here to apply online

Click here for more information

Note: Only shortlisted candidates will be contacted.