Financial Control Specialist at Ikeja Electricity Distribution Company (IKEDC)

Ikeja Electricity Distribution Company (IKEDC) is one of the largest power distribution companies in Nigeria, committed to delivering reliable and efficient electricity services to our customers. With a strong focus on innovation and sustainability, we aim to transform the energy landscape in Nigeria and contribute to the country's economic development. Our mission is to provide exceptional service while ensuring the safety and well-being of our employees and customers.

At Ikeja Electric, we don’t just power homes and businesses – we power careers. As a leading energy provider, we are committed to fostering a culture that champions integrity, innovation, and excellence. Our team is the heartbeat of our success, and we thrive on collaboration, continuous improvement, and creating a workplace where everyone can shine.

We are recruiting to fill the position below:

Job Title: Financial Control Specialist

Location: Lagos
Employment Type: Full-time

Role Purpose

• To strengthen the organization’s financial integrity by evaluating, monitoring, and improving internal control systems within the finance function.
• The role ensures that financial operations comply with established policies, regulatory standards, and investor requirements, while also driving efficiency and mitigating risks across key finance processes.

Role Accountabilities

• Evaluate the adequacy and effectiveness of internal controls around finance processes such as general accounting, treasury, fixed assets, payroll, revenue, and procurement.
• Review journal entries, payment vouchers, reconciliations, and other financial documents to confirm compliance with policies and approval limits.
• Verify that financial transactions are accurately recorded, supported by valid documentation, and in line with IFRS and company accounting policies.
• Conduct periodic reviews of bank reconciliations, cash advances, and expense retirements to ensure timely resolution of discrepancies.
• Identify financial control weaknesses and propose pragmatic recommendations to address them.
• Support the development, update, and communication of Standard Operating Procedures (SOPs) for finance-related activities.
• Perform pre-audit checks on selected transactions to ensure readiness for audit review.
• Monitor compliance with regulatory requirements from NERC, FIRS, and other relevant authorities.
• Prepare periodic internal control reports on finance activities, highlighting exceptions, risks, and recommendations. Track status of control remediation and report progress to management.
• Drive process improvement initiatives aimed at strengthening control efficiency and reducing operational risk. Support automation of manual control processes where applicable.
• Review all activities on treasury operations- bank reconciliations, FX reconciliations, investment activities, cash flow forecasts, and fund utilization reports.
• Oversee financial control over fixed assets — from acquisition, disposal and verification — ensuring proper tagging, depreciation, and reconciliation.
• Monitoring of bank guarantees and existing and new debt facilities, including covenant compliance and interest payments, and ensuring execution is in line with company policy.
• Routinely monitor tax audits and tax planning initiatives, preparation and filing of timely and accurate returns for corporate income tax, VAT, withholding tax, PAYE, and other applicable levies.

Minimum Requirements

• B.Sc. / HND in Accounting, Finance, or related field.
• Professional certification: ACA, ACCA, CFA or CIA (required).
• Minimum of 5 – 8 years relevant experience in internal control, audit, or financial management, preferably within the power or utilities sector.
• Good knowledge of IFRS, internal control frameworks (COSO), and risk management principles.
• Familiarity with NERC regulations, and ERP platforms such as SAP, Oracle, or Microsoft Dynamics is an advantage.

Skills & Competencies:

• Proficiency in financial analysis, internal controls, and financial risk management.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work independently and collaboratively.
• Experience with budgeting, forecasting, and financial statement preparation.
• Proficiency in Microsoft Excel and data analysis tools.
• Ability to work independently and collaboratively with cross-functional teams
• Customer Centricity
• Risk Management
• People Leadership
• Entrepreneurship
• Organizational Learning
• Change Management.

Application Closing Date
Not Specified.