Assistant General Manager - Deputy General Manager (Head, Financial and Accounts Analysis) at Nigerian Electricity Regulatory Commission

The Nigerian Electricity Regulatory Commission (NERC) is the independent regulatory agency mandated by Government to monitor and regulate the electricity industry in Nigeria. The Commission is committed to promoting and ensuring efficient market structures and an investor-friendly industry to meet Nigeria's need for safe, adequate, reliable and affordable electricity.

To drive the achievement this mandate, the Commission seeks to recruit qualified professionals for vacant positions in the Office of the Chairman and its 6 specialized Divisions.

NERC is recruiting to fill the position of:

Job Title: Assistant General Manager - Deputy General Manager (Head, Financial and Accounts Analysis)

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

• Review of licensees’ audited financial statements and identify any regulatory and statutory compliance issues
• Establish and review benchmarks derived from financial and accounting standards and propose improvement from time to time
• 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
• Participate in the on-site review and examination of licensees’ financial and accounting records to ensure adherence to best practices
• Review licensees’ requests for pass through costs and carry-out reconciliation
• Review adequacy of financial reporting requirements and standards and propose necessary improvements
• 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
• Supervise and co-ordinate the functions and activities of FAA Group
• Ensure the production of periodic reports of the activities of FAA Group
• Prepare a training and capacity building plan for staff of FAA Group
• Supervise and undertake periodic performance appraisal of staff of FAA Group
• Manage consultancies relevant to FAA Group

Required Knowledge and Skills

• 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
• 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
• Good written and oral communication skills and the ability to prepare and present important concepts and initiatives to a wide range of audiences
• Experience in financial analysis and modelling in energy markets (especially oil and gas and/or electricity) will be a definite advantage
• Good knowledge of project management and evaluation
• Ability to learn and apply listening and negotiation skills
• Firm ethical grounding, discipline and integrity
• Task identification, execution and results orientation
• Focus on high standards and quality of work
• Self-starting, proactive and self-censoring with capacity for independent thought and analysis
• Must demonstrate good organisational and leadership skills

Educational / Professional Qualification(s)
Bachelor's degree with a minimum of a good second class lower (2:2) in a relevant educational discipline plus a relevant professional accountancy qualification, preferably including cost and management accounting. A master’s degree in a relevant discipline from a reputable tertiary institution will be a definite advantage.

Work Experience

• Minimum of 18 years post-graduate experience, including a minimum of 10 years post-professional qualification experience
• Relevant working experience (including NYSC) obtained in the NESI or in a Nigerian electricity sector reform agency, an academic institution, a Nigerian or foreign or international financial or commercial or industrial or regulatory institution, enterprise or NGO in a relevant sector or a multilateral development institution or consulting or professional services firm with demonstrable experience in cost and management accounting
• Experience working with and building financial/economic models is compulsory

Application Closing Date
8th August, 2013

Method of Application
Interested and qualified candidates should:
Click here to apply online

Note: Only short-listed candidates will be contacted.