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Financial Accountant needed at Sapele Power Plc (SPP)

Sapele Power Plc (SPP) is a leading Nigerian integrated energy company specializing in power generation. SPP operates Nigeria’s second largest power plant by installed capacity of 1020MW; capable of meeting the energy needs of around 750,000 homes at full capacity.

SPP generates a considerable amount of Nigeria’s electricity - powering numerous homes and businesses nationwide. We have a strong focus on sustainable generation and are continually seeking to expand our generation network, as well as make efficiencies, and minimise environmental impacts.

Job Objectives
  • To manage the smooth running of the Financial Accounting operations of Sapele Power Plc
  • Ensure adherence to the accounting deliverables of Sapele Power Plc
Key Responsibilities
  • Drive the Finance Operations as its affect various departments of the company
  • Champion the Implementation of all Financial Cycle Processes and Procedures
  • Preparing final accounts by ensuring all account schedules agree with the General ledger balances on Monthly, Quarterly, Bi Annual, and Annual basis.
  • Reconciliation of Balance Sheet balances to Sub-Ledger and ensure prompt correction of identified errors
  • Ensuring Financial Reports are prepared in accordance with IFRS regulations
  • Preparation of Monthly Management Report. Detailing Financial Performance against budget and provide comments on all variances
  • Attend to External Auditors on annual audit exercise and other External Consultants
  • Ensuring that all regulation levies are paid as and when due. E.g (WHT Remittances, VAT, PAYE and CIT)
  • Vet all financial transactions and ensure they meet Sapele Power Plc standard reporting systems
  • Ensuring Stock Take exercise is observed on last day of every month.
  • Monitor the CAPEX and OPEX expenses while ensuring adequate compliance to financial prudence.
  • Ensuring transactions are coded into appropriate expense head and cost centers
  • Assist in extracting, collating and consolidation information needed to generate the company’s annual operating budget.
  • Coordinate the entire Finance team, ensuring they deliver the value required of the team
  • Build capacity within the Financial Accounting team of the Organization by:
    • Continuously reviewing the capacity required to support the team unit in delivering its functions effectively
    • Provide development opportunities for direct reports that challenge and expand their capability
    • Provide leadership that inspire others to succeed, and proactively share experience, knowledge plus ideas
    • Ensuring that performance objectives are clearly defined for all job roles within the team and that all staff members are evaluated against agreed performance objectives at pre-defined periods set by the HR function
  • Coaching and counseling of team members as necessary
Key Performance Indicators:
  • Up - to - date Asset details; Acquisition, Movement register and depreciation
  • Up to date details of all Prepayments
  • Accurate value of available stocks in the entire business or group
  • Accurate postings of accounts per account types, Cost Centers and business location.
  • Adherence to Monthly Closing Deadlines
  • Timely delivery of financial reports/ Monthly Management Reports
  • Zero Tolerance on correcting journals from External Auditors
Skills, Competencies and Requirements
Functional Competencies/Requirements:
  • Financial Strategy Management
  • Financial Analysis Skills
  • Strong Financial and Management Accounting skills
  • Strong Computer literacy skills
  • In-depth understanding of Accounting softwares
  • In-depth understanding of Accounting systems
General Management Competencies/Requirements:
  • Strong Leadership skills
  • Strong Oral and Written Communication skills
  • Good Presentation Skills
  • Strong Negotiation Skills
  • Relationship Management
  • Strong Problem solving skills
  • Ability to plan, schedule and coordinate effectively
Educational Qualifications/Experience
  • Minimum of university degree or HND Accounting, Finance (and or other recognized Professional Accounting Qualification ACCA or ACA)
  • Minimum of 5 years post professional qualification experience.
  • Basic knowledge of Power and Energy Sector’s GSAA, GTA, PPA & Accounting systems would be an added advantage.
Desired Personal Attributes:
  • Integrity
  • Proactive self-starter
  • Assertive and tenacious
  • Ability to work with little or no supervision
  • Ability to work with all levels of management, build partnerships and teams
  • Highly organized and able to adapt quickly to changing priorities
  • Ability to cope with and work under pressure
How to Apply: Applicants should forward their Cover letter with Applications to

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