Management Accountant at Port Harcourt Electricity Distribution Company (PHED)

Port Harcourt Electricity Distribution Company (PHED), a leading multi-million dollar Company in the Electrical Power and Construction Sectors and has a highly skilled and motivated workforce of over 300 employees, who are committed to the client's quest to be the No. 1 and preferred African owned electricity solutions provider in Africa.

The company is positioned for timely and efficient delivery of turnkey electricity projects to its esteemed customers. This is a rare opportunity to work for a sector leader and lead a "best-in-class" team of engineers, be an integral part of the company, and make a difference with the businesses and communities it serves.

We are committed to growing profitably and sustainably while providing its customers with an efficient and reliable supply of power. To achieve this, we need passionate, motivated and smart professionals, who share our values and our vision; to fill the position below:

Job Title: Management Accountant

Job Code: 159
Location: Port Harcourt, Nigeria
Department/Division: Finance Department
Reports to: Chief Financial Officer

Role Definition

• To maintain and operate effective, efficient and standard accounting procedures, ensure accurate maintenance of the company's accounting books and timely rendition of financial statements and reports to meet management's requirement and statutory obligations

Position Summary

• We need a Management Accountant who will Ensure that the statutory accounting books are accurately kept and up to date
• Maintain proper and up to date records of the company's fixed assets; prepare end of year management accounts and reports for the management
• Prepare the end of year Accounts for audit purpose and liaise with the external auditors to ensure smooth conduct of audit process
• Provide financial advice to management as and when necessary

Position Responsibilities

• Produce financial statements including profit and loss accounts, budgets, cash flows, monthly management accounts, variance analysis and commentaries, based on various project running.
• Assist in the production of the annual budget and periodic forecasting
• Provide management reporting for decision-making, including project appraisal, evaluation and post-implementation analysis
• Ongoing review of cash flow and production of forecasts
• Produce annual statutory accounts in management accounts format
• Negotiating on major projects, loans, invoice discounting, letter of credit etc
• Manage capital expenditure, Fixed asset register & asset replacement policies
• Report on company assets and liabilities including balance sheet account reconciliations and review of intangible assets
• Ensure compliance with all financial regulations
• Manage trainee accountants, including day-to-day communication and motivation as well as succession planning and performance management
• Carry out continuous reviews of working accounting practices and processes to ensure efficient and cost effective operations

Key Result Areas:

• Financial Perspective
• Agreed Gross Profit margin per Department
• Return on Assets
• Internal Process Perspective
• Inventory Turnover %
• Number of waste reduction initiatives taken
• Customers and Service Efficiency
• Due Date Delivery of All Monthly, Quarterly, Bi-annual and Financial Reports
• Internal service satisfaction survey rating
• Projects Management
• Gross Profit/Margin per Project
• No. of cost exceptions per annum

Qualifications (Experience, Knowledge & Skills)

Qualification:

• B. Sc/HND in Accounting

Experience:

• Qualified Accountant with minimum 3 years experience.
• Proven technical ability

Competence/Skills

• Understanding of modern management information systems. Ability to manage, delegate, motivate, monitor and control team activity
• Excellent interpersonal skills with the ability to communicate at all levels with both financial and non-financial management
• Strong commercial acumen

Compensation
This position provides a comprehensive compensation package including a competitive base salary commensurate with skills and experience.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online