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 Black Africa, it was built to meet the every rising demand for electricity in Lagos and its environs.
Before the construction of the Egbin Power Plc, Lagos, the Ijora Power Station which is reputed as the oldest power generating plant in the country was the main source of electricity supply around.Key Duties and Responsibilities
Ensures adherence to processes and frameworks for managing liquidity and risk.
Ensures the preparation of cash forecasts and manages cash flows/cycles ensuring the availability of adequate funds to meet daily operational requirements.
Ensure the validation of all supplier and vendor payments and ensure that all payment requests are supported with valid supporting documents in line with the organization’s financial policies.
Oversee the disbursement of cash ensuring compliance with defined policies and procedures.
Prompt processing of staff cash advances and monitoring of same for prompt retirement.
Assist in all foreign exchange dealings for Egbin Power plc.
Cultivate and manage relationships with key bankers and investors.
Participate/ provide inputs in the review of Egbin’s bankers ensuring compliance with Service Level Agreements (SLAs).
Ensure the preparation and rendition of tax returns and retention of all relevant tax records
Ensure accurate computation and accounting for taxes to ensure prompt settlement of liabilities
Compute accurately and file all federal, state, local, sales, and other tax returns including relevant reports to ensure compliance with all tax laws and regulations
Ensures the tax payments at designated banks and obtain necessary receipts and other documents required for tax filing.
Extract and collate relevant supports and proof of remittances for tax audits and investigation.
Assist with all tax-related research and interpretation of tax legislation and provisions
Keep abreast of macroeconomic policy changes and updates and advise the Head of treasury, on the implications for the business.
Prepare periodic reports for the attention of the Head, the Treasury
Perform any other duties as assigned.
Key Requirements
Education and Work Experience
A Bachelor’s degree or its equivalent in Accounting, Finance or a related discipline.
Professional accounting/ finance certification, (e.g. ACA, ACCA, CIMA, CFA, etc.)
Minimum of (2) years relevant experience
Skills and Competencies
Fair understanding of trends, challenges, opportunities, regulations and legislations relating to the power industry.
In-depth knowledge of trends and developments in global accounting and finance practice.
Advanced financial and accounting knowledge, including an understanding of finance best practices and IFRS/ international accounting and financial reporting standards.
Ability to develop sound business acumen – financial and commercial knowledge.
Fair understanding of foreign exchange operations and associated regulations.
Familiarity with an Accounting package.
Good communication and interpersonal skills.
Good people management skills, including the ability to manage multiple/ complex teams effectively.
Good analytical, attention to detail and problem-solving skills.
High ethical standards and integrity.
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