The
Nigerian Electricity Regulatory Commission (NERC) is the independent regulatory agency mandated by Government to monitor and regulate the electricity industry in Nigeria. The Commission is committed to promoting and ensuring efficient market structures and an investor-friendly industry to meet Nigeria's need for safe, adequate, reliable and affordable electricity.
To drive the achievement this mandate, the Commission seeks to recruit qualified professionals for vacant positions in the Office of the Chairman and its 6 specialized Divisions.
NERC is recruiting to fill the position of:
Job Title: Manager - Principal Manager, Financial and Accounts Analysis
Job summary:
The job holder will lead one of the teams in the FAA Group that reviews and evaluates financial statements of licensees in specific sector (-s) of the electricity industry to ensure adherence with guidelines and best practice. S/He will also provide financial and accounting input for tariff determination and control. S/He will report to the Head, Financial and Accounts Analysis Group.
Key responsibilities:
- Undertakes detailed analysis of financial statements of Licensees and identifies any regulatory and statutory compliance issues
- Carries out detailed analysis and advice on different financial parameters for tariff determination
- Evaluates licensees’ business plans, budgets and programmes and advices on the appropriate capital and operating expenditures as well as establish investment trends in the various sectors
- Conducts the necessary analysis and provides input into the determination of license fees, levies and other charges
- Reviews licensees’ requests for pass through costs and carry-out reconciliation of pass through costs
- Participates in the on-site review and examination of licensees’ financial and accounting records
- Assists in preparing periodic reports relevant to the functions and activities of the Group and the Division
Required Knowledge and Skills
- Must demonstrate good understanding of the current status of the NESI, the current reform imperatives and the electricity market structure mandated by the Electric Power Sector Reform Act, 2005
- Demonstrable computer and quantitative skills, learning/training in accounting, especially cost and management accounting, financial and business analysis and statistical techniques as well as the ability to perform independent research
- High quality written and oral communication skills and the ability to research, draft and present scholarly papers and presentations on key regulatory and tariff-related concepts and initiatives to a wide range of audiences
- Experience in financial analysis and modelling in energy markets (especially oil and gas and/or electricity) will be a definite advantage
- Good knowledge of project management and evaluation
- Ability to learn and apply listening and negotiation skills
- Firm ethical grounding, discipline and integrity
- Task identification, execution and results orientation
- Focus on high standards and quality of work
- Self-starting, proactive and self-censoring with capacity for independent thought and analysis
- Must demonstrate good organisational and leadership skills
Educational / Professional Qualification(s)
Bachelor's degree with a minimum of a good second class lower (2:2) in a relevant educational discipline plus a relevant professional accountancy qualification, preferably including cost and management accounting. A master’s degree in a relevant discipline from a reputable tertiary institution will be a definite advantage.
Work Experience
- Minimum of 9 - 15 years' post-graduate qualification experience, including a minimum of 4 – 9 years post-professional qualification experience
- Relevant working experience, including NYSC, obtained in the NESI or in a Nigerian electricity sector reform agency, an academic institution, a Nigerian or foreign or international financial or commercial or industrial or regulatory institution, enterprise or NGO in a relevant sector or a multilateral development institution or consulting or professional services firm with demonstrable experience in cost and management accounting
- Experience working with and building financial/economic models will be an added advantage
Application Closing Date
8th August, 2013
Method of Application
Interested and qualified candidates should:
Click here to apply online
Note: Only short-listed candidates will be contacted.