Budget & Financial Analyst at Egbin Power Plc

Egbin Power Plc. Lagos is one of the biggest additions to the electricity industry in Nigeria. Often seen as the biggest single generating power station in Sub-Saharan Africa, it was built to meet the every rising demand for electricity in Lagos and its environs.

Following the nation’s privatization exercise, Sahara, through its power division, Sahara Power Group and sundry affiliations, acquired the 1320 MW installed capacity Egbin Power Plant. We are working towards deploying a minimum of 5,000 MW of electricity generation over the next five years.

We are recruiting to fill the position below:

Job Title: Budget & Financial Analyst

Job Identification: 544
Location: Nigeria

Description

• The Budget & Financial Analyst assists in managing Egbin’s budget preparation and monitoring process, including the preparation of relevant reports to support Management’s decision-making.

Key Duties and Responsibilities

• Assist in circulating the annual business planning guidelines and provide assistance to other budget holders during the planning process in conjunction with the performance and planning unit.
• Develop a consolidated budget pack for review and approval by the Management Account & Budget Manager.
• Monitor approved budget allocations, revenue, and expenditure and highlight variances for the attention of the Head, Management Account & Budget.
• Carry out primary review and validation of budget data presented by various units and or highlight major inconsistencies/shortcomings.
• Carry out initial review & analysis for consistency of data, validation with other operational information and present to the head of the section.
• Ensure the reporting of the monthly financial performance of each unit and business generating centres (BGCs)
• Carry out variance analysis of major performance parameters with that of budget forecasts, and highlight underlying business/operational causes of variation 
• Carry out studies and research of relevant authoritative sources of macroeconomic data to gather basic information on budgetary assumptions.
• Prepare first drafts of relevant periodic and/ or ad hoc reports.
• Assist in generating monthly management accounts, business performance statements, noting major deviations from budget, and risk areas.
• Participate in the analysis of operational results and proffer recommendations to management.
• Obtain key insights on industry (competitors) and economic analysis, and recommend areas of improvement (If any).
• Provide analytic insight using trend analysis on key operational performance and accounting indices.
• Prepares draft financial forecast to aid business decision-making.
• Prepare monthly financial investment analysis and suggest best alternatives for fund based on economic performance.
• Perform any other duties as may be assigned by the Head of Budget, Planning and Business Performance.
• Implement data protection policies and practices of Egbin Power Plc.
• Ensure compliance with the NDPR and other data protection laws, and data protection policies.
• Undertake Data Protection Impact Assessment as applicable to curb the risk during data processing operations.
• Ensure awareness, understanding and application of QHSE policy and application of departmental objectives.
• Ensure awareness of the Integrated Management System (ISO 9001:2015, 14001:2015 &45001:2018) and implications of not conforming with the requirements.
• Understand and identify hazards, risks, environmental aspect and Impact as it is related to their jobs.

Education and Work Experience

• Bachelor’s Degree or its equivalent in Accounting, Finance, Economics or any other related discipline.
• Candidates must possess an ACA qualification. Additional certifications such as CIMA, CPA, or ACCA are an added advantage.
• Three (3) to seven (7) years’ experience with at least two (2) years in Budget and Planning or similar field.

Skills and Competencies:

• Good understanding of trends, challenges, opportunities, regulations and legislations relating to the power sector.
• Good understanding of micro and macroeconomic indices and their impact on the business.
• Advance financial and accounting knowledge, including understanding of IFRS, finance best practices and other applicable reporting and accounting standards.
• Working knowledge of accounting packages and systems, including a standard ERP software.
• Very sound business acumen – financial and commercial knowledge.
• Good report writing and presentation skills.
• Ability to extract, manipulate and analyze large volumes of data and strong problem-solving skills
• Strong interpersonal, communication and negotiation skills
• High sense of responsibility, accountability and dependability
• Good oral and written communication skills 
• Good problem-solving skills.
• High ethical standards and integrity.
• Proficiency in the use of MS Office tools.

Application Closing Date
19th April, 2026; 10:55 PM.