Internal Control Manager at Ikeja Electricity Distribution Company (IKEDC)

Ikeja Electric 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: Internal Control Manager

Location: Lagos
Employment Type: Full-time

Role Purpose

• To support the Head, Internal Audit in identifying, assessing, and monitoring operational, financial, technical, and commercial risks across all Business Units by evaluating the effectiveness of internal controls, ensuring compliance with policies and procedures, and providing actionable insights that strengthen governance, safeguard revenue, and enhance overall business performance.

Role Accountabilities

• Ensure that strategies defined and implemented for accomplishment of the department’s objectives relating to day-to-day monitoring of controls in the Business Units.
• Identifies, assesses and monitors the risk inherent in all the operations of each Business Unit;
• Monitor control performance on an ongoing basis in all areas of operations of the Business Units, including technical, commercial, finance and administration;
• On a regular basis, review accounts delinquency in each BU and provide reports to the BU management to ensure effective follow-up for vending and collection;
• Participate in the pre-billing review of each BU to ensure that the data submitted for billing is reliable;
• Regularly test the integrity and reliability of the submitted readings by marketers in each Business Unit;
• Verify accounts for closure including undistributed bills and dormant accounts;
• Conduct special audit of stores, cash, and contractors’ bills in each Business Unit
• Perform value for money audits on the spending’s in the Business Units;
• Perform appropriate procedures to ensure that measures are implemented by the BU management to check the activities of free riders in each Business Unit;
• Monitor the timely resolution of customer complaints in each BU;
• Perform pre- and post- transaction reviews to ensure completeness, accuracy, validity and reliability of processing including CRMD and other customer related adjustments;
• Monitor the General Ledger accounts in each Business Unit and ensure that account balances are regularly proofed;
• Review the monthly bank reconciliation statements and ensure that reconciling items are cleared timely;
• Perform any other jobs assigned by the Head, Internal Audit;
• Manage the MIS/KPI’s related to BU control operations.

Minimum Requirements

• Bachelor’s Degree in Accounting, Finance or Engineering related disciplines
• Master’s degree will be an advantage;
• CA certification – ACA, ACCA, CIA;
• 10 years of experience in a leading organisation with bias in risk, control, and audit.

Skills & Competencies:

• Knowledge of internal departmental processes
• Good understanding of the regulatory regime
• Customer Centricity
• Risk Management
• People Leadership
• Entrepreneurship
• Organisational Learning
• Change Management.

Application Closing Date
Not Specified.

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