Regional Accountant at Ibadan Electricity Distribution Company (IBEDC) Plc

Ibadan Electricity Distribution Company (IBEDC) Plc - Headquartered in Ibadan is responsible for electricity distribution within the south western zone (Oyo, Ogun, Osun and kwara as well as some parts of Kogi, Ekiti and Niger states). We are an organization with a focus on delivering excellent service to the customers and providing customer satisfaction through reliable power distributions.

We are recruiting to fill the position below:

Job Title: Regional Accountant

Location: Oyo
Job Type: Full time

Job Description

• This role oversees all financial aspects of the designated region's operations.
• This includes financial reporting, budgeting, forecasting, and ensuring compliance with accounting principles and regulatory requirements.

Job Responsibilities

• Prepare timely and accurate financial statements for the region.
• Conducted variance analysis and provided explanations for financial performance.
• Monitor key financial metrics and communicate trends to management.
• Oversee the reconciliation activities of the business hubs in the region
• Coordinate the annual budgeting process for the region.
• Develop financial forecasts based on business trends and operational needs.
• Track budget vs. actual performance and recommend corrective actions as necessary.
• Analyze costs and expenses to identify opportunities for cost savings and Implement cost control measures and monitor their effectiveness.
• Ensure compliance with regulatory requirements and company policies.
• Coordinate with internal and external auditors during audits and Implement audit recommendations to improve financial processes.
• Participate in financial reviews and present findings to management.
• Coordinate the activities of Commercial Line Workers (Reconnection gang)
• Liaise with various departments and stakeholders to gather financial data
• Perform other sundry assignments as directed by the Head, of Financial Control, Reporting & Analysis.

Job Requirements

• Bachelor’s Degree in Accounting, Finance, or related field.
• A Master’s degree or professional certification (ICAN, ACCA) is preferred.
• 7-9 years Experience as an Accountant or Financial Analyst, preferably in the energy sector.
• Strong knowledge of accounting principles, financial reporting analysis, and corporate planning.

Technical Competencies:

• Strong understanding of the business of IBEDC and related businesses in the power sector.
• Strong knowledge of relevant accounting software and regulatory standards vis-à-vis financial statements.
• Strong financial analysis, reporting, and asset management skills.
• Knowledge of relevant Financial Management, Taxation legislation, practices, policies, and industry trends.
• Financial Management Process Knowledge (Accounts Payable/Receivable)

Behavioral Competencies:

• An analytical mind-set with excellent problem-solving skills.
• Able to work under pressure, meet deadlines, manage and prioritize tasks effectively.
• Able to manage sensitive and confidential information.
• Excellent analytical skills with the ability to interpret complex financial data.
• High attention to detail and accuracy, with a proactive approach to problem-solving.
• Excellent interpersonal skills, self-motivation and able to take responsibility

Application Closing Date
Not Specified.