Head, Internal Audit at Ikeja Electricity Distribution Company

Ikeja Electricity Distribution Company (IKEDC), a division of Sahara Power Plc, is Nigeria's largest power distribution network, came into existence on November 1st, 2013 following the handover of the defunct Power Holding Company Of Nigeria (PHCN) to NEDC/ KEPCO Consortium under the privatization scheme of the Federal Government.

The consortium has the Korean Electric Power Corporation (KEPCO) which generates about 84,000MW in capacity and has a global efficiency record of a maximum down time period of slightly above three minutes annually as technical partners.

This partnership has positioned IKEDC to effectively drive its commitment to deliver efficient and sustainable power supply through investments in new technology, infrastructure upgrade and human capital development. The Company has a customer Population of 657,444 spread across the 11 Business units including Abule-Egba, Akowonjo, Ikeja, Ikorodu, Ikotun, Ipaja, Odogunyan, Ogba, Ojodu, Oshodi and Somolu.

Ikeja Electricity Distribution Company is recruiting to fill the position of:

Job Title: Head (Internal Audit)

Location: Lagos

Role Purpose
Responsible for Internal Audit cell i.e. financial, commercial and technical audit

Role Accountabilities

• Plan, control and record the audit work appropriately to determine the priorities, establish and achieve objectives
• Test operating effectiveness of processes, policies, codes put in place in IKEDC Identify and evaluate the organization’s internal control system as a basis for reporting its adequacy and effectiveness
• Ensure the timely availability of approved audit strategies and operating plans that reflect the longer-term corporate goals and priorities established by the Board of Directors
• Lead the planning process within the audit function, reviewing strategy and plans and ensuring the timely availability of reports justifying current plans, policies, procedures, practices and proposed changes in operational practices and ensuring their compatibility with Board strategy and goals.
• Ensure timely initiation and completion of Annual Audit Plan.
• Ensure compliance with statutory requirements.
• Ensure the availability of up-to-date audit standards, covering all aspects (including hierarchy of key ratios; codes of conduct and discipline; quality standards, codes and practices).
• Establish audit program, schedules and procedures.
• Agree the scope of external audit with the external auditors.
• Develop the audit policies & procedures & manuals.
• Conduct special investigations.
• Ensure compliance with all technical, safety, environmental specifications and standards.
• Report findings, conclusions and recommendations arising out of audit and ensure it is communicated effectively
• Lead teams that carry out investigations wherever necessary
• Provide the board with an assessment of primary risks in the functioning of IKEDC Monitor compliance with technical standards and specifications and initiate action to correct non- compliance
• Ensure that adequate procedures exist for a speedy investigation of major incidents occurring on the system.
• Ensure that investigations into major incidents are conducted thoroughly and that they conclude with an acceptable report explaining the true causes and associated responsibilities and making recommendations to prevent recurrence.
• Submit periodical reports to MD/ CEO and audit committee and departmental heads on important audit findings and represents the company in various forums.
• Assist and appraise the top management and audit committee in achieving the overall objectives of the company through efficient performance of the departments Monitor Cell’s performance through Key Performance Measures.
• Prepare the Cell budget requirements and getting the same approved, etc
• Design and develop training programmes for the officers responsible for the internal audit. Copied from: www.hotnigerianjobs.com

Skills

• Technical Competencies
• Risk Analysis techniques
• Advance Audit techniques

Behavioral Competencies

• Attention to details
• Perseverance

Application Closes Date
31st of May 2014

How to Apply
Interested candidates should
Click here to apply