Vacancy - Financial Accountant Needed @ Port Harcourt Electricity Distribution Company (PHED)

Employer: Port Harcourt Electricity Distribution Company (PHED)

We are committed to growing profitably and sustainably while providing its customers with an efficient and reliable supply of power. 

To achieve this, we need passionate, motivated and smart professionals, who share our values and our vision; to fill the position below:

Job Title: Financial Accountant

Job ID: 158
Location: Port Harcourt, Nigeria
Department/Division: Finance Department

Reports to: Chief Financial Officer

The Company
Port Harcourt Electricity Distribution Company (PHED), a leading multi-million dollar Company in the Electrical Power and Construction Sectors and has a highly skilled and motivated workforce of over 300 employees, who are committed to the client's quest to be the No. 1 and preferred African owned electricity solutions provider in Africa.

The company is positioned for timely and efficient delivery of turnkey electricity projects to its esteemed customers. This is a rare opportunity to work for a sector leader and lead a "best-in-class" team of engineers, be an integral part of the company, and make a difference with the businesses and communities it serves.

Role Definition
Responsible for transactional coordination of financial information of the company, delivering company’s reports in the value generation.

Position Summary
We need a Financial Accountant h aving strong focus on the economics and profitability of production or the services rendered by the entire department.

Position Responsibilities

Manages the financial data of the company, accurately recording these data and using for analyzing the pattern of development of the company leading to performance management and growth decisions. This involves;
Maintain proper and up to date records of the company’s fixed assets
Ensure that the statutory accounting books are accurately kept and up to date
Prepare and make available to management monthly management reports.
Prepare the end of year Accounts for audit purpose and liaise with the external auditors to ensure smooth conduct of audit process
Prepare and make available to management schedule of debtors and creditors as and when required
Coordinate ALL Annual financial Audits and provide recommendations for procedural improvements.
Working with the team members, analyzing and interpreting Financial data and recommends changes to improve systems and financial performance.
Supervise the preparation of monthly financial reports including expenditures, variances against budget, balance sheet etc.
Supervise the General Ledger Accounting work to ensure that all revenues and costs are correctly allocated and monitored. This will include the preparation of regular reconciliations of Accounts and its subsequent reporting.
Work with the CFO to develop financial control and reporting systems to meet the needs of the growing company and the sustenance of its growth.
Ensure full Audit Compliance. Gathering proper sign off from external Auditors.
Owns and updates the Chart of Account of the company.
Required to monitor income and expenditure throughout the year, comparing the same to budget with a view to achieving the forecast level of income and maintaining expenditure within the levels budgeted, and forecast cash requirements
Liasing with the CFO for the timely production of Quarterly Management Accounts
Liaise e with the company’s Auditors on an annual basis in connection with the development of the annual audited financial statements.
Develop and Review commercial reports and present to the Management Team and Managing Director and when requested by the Board the following reports but not limited to;
Profit and Loss Report
Accrual Basis Reporting (including prepaid expenses, accrued expenses, accrued payroll, deferred revenue).

Key Result Areas:
Financial Perspective
Agreed Gross Profit margin per Department
Return on Assets
Internal Process Perspective
Inventory Turnover %
Number of waste reduction initiatives taken
Customers and Service Efficiency
Due Date Delivery of All Monthly, Quarterly, Bi-annual and Financial Reports
Internal service satisfaction survey rating
Projects Management
Gross Profit/Margin per Project
No. of cost exceptions per annum.

Qualifications (Experience, Knowledge & Skills)

Qualification: B.Sc/HND in Accounting.
Experience: Minimum of 8 years of large project experience , with familiarity in C construction , Oil and Power Industries
Require s professional membership of ACA

Competencies
Proficiency in an ERP Solutions.

Remuneration
This position provides a comprehensive compensation package including a competitive base salary commensurate with skills and experience.

Application Closing Date
Not Specified.

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

Selection Process
There are three key stages to the process:

• Stage One: Application and Pre-screening
• Stage Two: Competency-based Interview
• Stage Three: Technical Assessment Center.