Ongoing recruitment at Sapele Power Plc

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 Role/Title: Internal Audit Assistant
Reporting to:
Internal Auditor
Job Objectives:
Support the Internal Audit Manager to monitor and enforce internal control processes of Sapele Power Plc in order to achieve following objectives:-
  • Reliability of Financial Reporting and Information
  • Operational Effectiveness and Efficiencies
  • Regulatory compliance
Key Responsibilities:
  1. Assist in business process review across the various units of Sapele Power Plc
  2. Identify weakness of controls and processes and suggest solutions to mitigate the gaps identified
  3. Monitor level of compliance to SPP’s processes and procedures
  4. Prepare weekly exception report and monitor the processes of rectifying the exception noted.
  5. Assist in the improvement of internal controls related to inventory management
  6. Improve and manage inventory analysis report and produce monthly inventory valuation report
  7. Participation in monthly stock count and reconciliation
  8. Assist in monthly Payroll review and produce variance analysis report.
  9. Ensure petty cash are managed in line with SPP’s policy and financial operation guidelines
  10. Conduct cash count at a regular interval
  11. Continuous review of payments and approval processes

Key Performance Indicators:
  1. Up to date details of all transactions and processes reviewed
  2. Monthly Inventory Observation Report
  3. Accurate postings of accounts per account types, Cost Centers and business location.
  4. Timely delivery of weekly audit report
  5. Compliance to SPP’s operating standards
Functional Competencies/Requirements:
  1. Highly developed and demonstrated skills in analysis, conceptualization and problem solving
  2. Moderate business analysis skills and the ability to document and analyze business processes and their controls
  3. Moderate Computer literacy skills
  4. Basic understanding of Accounting software
  5. Basic understanding of Accounting systems
General Management Competencies/Requirements:
  1. Strong analytical skills
  2. Good written and oral communication skills, able to communicate basic financial matters to non-technical experts
  3. Strong commercial awareness
  4. Ability to bring a “hands on” approach to the work if needed
  5. Positive “can do” spirit
  6. Basic understanding of operations in the Energy and Power Industry
Educational Qualifications/Experience:
  1. Minimum of university degree or HND Accounting (and or other recognized Professional Accounting Qualification ACCA or ACA)
  2. Minimum of 3 years post professional qualification experience.
Desired Personal Attributes:
    • Team Player
    • Proactive self-starter
    • Flexibility to adapt to a variety of work situations
    • Highly organized and significant ability to multi-task
    • Ability to cope with and work under pressure
    • The ability to manage and motivate a team
    • Used to working in fast moving environments providing accurate and timely information to a high standard.
     


Job Role/Title:  Internal Auditor

Reporting to:
Chief Financial Officer/ Audit Committee
Job Objectives:
  1. To ensure compliance with Sapele Power Plc’s Policies, Procedures, and regulations. This objective will enhance reliability of financial reporting and information
  2. To ensure Sapele Power Plc’s operational activities are in line with best industry standards. This will promote effectiveness and efficiency of operations
To ensure SPP’s operational activities are in compliance with all regulatory requirements
Key Responsibilities:
  1. Establish internal audit scope and develop annual risk-based audit plans/programs
  2. Execute risk-based audit programs providing detailed and objective review of conformance with Sapele Power Plc operational and financial activities along with policies and procedures
  3. Execute and monitor the audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable regulations
  4. Conduct walkthroughs and testing of medium to low risk process to analyze operating effectiveness and design of main financial controls
  5. Carry out audit report follow-up testing to identify if corrective action plans of management’s were executed on time and communicate results to senior executive management.
  6. Vet all financial transactions and ensure they meet Sapele Power Plc standard reporting systems
  7. Ensuring Stock Take exercise is observed on last day of every month.
  8. Monitor the CAPEX and OPEX expenses while ensuring adequate compliance to financial prudence.
  9. Maintain open communication with management and audit committee
  10. Document process and prepare audit findings memorandum
  11. Coordinate the entire Internal Audit team, ensuring that the values required of the team are delivered
  12. Build capacity within the Internal Audit team of the Organization by:
    1. Continuously reviewing the capacity required to support the team unit in delivering its functions effectively
    2. Provide development opportunities for direct reports that challenge and expand their capability
    3. Provide leadership that inspire others to succeed, and proactively share experience, knowledge plus ideas
    4. 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:
  1. Up to date details of all transactions and processes reviewed
  2. Accurate value of available stocks in the entire business or group
  3. Accurate postings of accounts per account types, Cost Centers and business location.
  4. Timely delivery of monthly audit memorandum
Compliance to SPP’s operating standards
Functional Competencies/Requirements:
  1. Highly developed and demonstrated skills in analysis, conceptualization and problem solving
  2. Strong business analysis skills and the ability to document and analyze business processes and their controls
  3. Strong Financial and Management Accounting skills
  4. Strong Computer literacy skills
  5. In-depth understanding of Accounting software
  6. 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:
    1. Minimum of university degree or HND Accounting, Internal Audit (and or other recognized Professional Accounting Qualification ACCA or ACA)
    2. Minimum of 5 years post professional qualification experience.
    3. Knowledge of Power Sector Regulatory Requirements and Pronouncement would be an added advantage.
    Desired Personal Attributes:
    1. Integrity
    2. Proactive self-starter
    3. Assertive and tenacious
    4. Ability to work with little or no supervision
    5. Ability to work with all levels of management, build partnerships and teams
    6. Highly organized and able to adapt quickly to changing priorities
    Ability to cope with and work under pressure

 
Job Role/Title: Financial Accountant
Reporting to:
Chief Financial Officer
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:
  1. Drive the Finance Operations as its affect various departments of the company
  2. Champion the Implementation of all Financial Cycle Processes and Procedures
  3. Preparing final accounts by ensuring all account schedules agree with the General ledger balances on Monthly, Quarterly, Bi Annual, and Annual basis.
  4. Reconciliation of Balance Sheet balances to Sub-Ledger and ensure prompt correction of identified errors
  5. Ensuring Financial Reports are prepared in accordance with IFRS regulations
  6. Preparation of Monthly Management Report. Detailing Financial Performance against budget and provide comments on all variances
  7. Attend to External Auditors on annual audit exercise and other External Consultants
  8. Ensuring that all regulation levies are paid as and when due. E.g (WHT Remittances, VAT, PAYE and CIT)
  9. Vet all financial transactions and ensure they meet Sapele Power Plc standard reporting systems
  10. Ensuring Stock Take exercise is observed on last day of every month.
  11. Monitor the CAPEX and OPEX expenses while ensuring adequate compliance to financial prudence.
  12. Ensuring transactions are coded into appropriate expense head and cost centers
  13. Assist in extracting, collating and consolidation information needed to generate the company’s annual operating budget.
  14. Coordinate the entire Finance team, ensuring they deliver the value required of the team
  15. Build capacity within the Financial Accounting team of the Organization by:
    1. Continuously reviewing the capacity required to support the team unit in delivering its functions effectively
    2. Provide development opportunities for direct reports that challenge and expand their capability
    3. Provide leadership that inspire others to succeed, and proactively share experience, knowledge plus ideas
    4. 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:
  1. Up - to - date Asset details; Acquisition, Movement register and depreciation
  2. Up to date details of all Prepayments
  3. Accurate value of available stocks in the entire business or group
  4. Accurate postings of accounts per account types, Cost Centers and business location.
  5. Adherence to Monthly Closing Deadlines
  6. Timely delivery of financial reports/ Monthly Management Reports
Zero Tolerance on correcting journals from External Auditors
Skills, Competencies and Requirements:
Functional Competencies/Requirements:
  1. Financial Strategy Management
  2. Financial Analysis Skills
  3. Strong Financial and Management Accounting skills
  4. Strong Computer literacy skills
  5. In-depth understanding of Accounting softwares
  6. 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:
  1. Minimum of university degree or HND Accounting, Finance (and or other recognized Professional Accounting Qualification ACCA or ACA)
  2. Minimum of 5 years post professional qualification experience.
  3. 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
Kindly forward cover letter with applications to: [email protected] or visit http://sapelepower.com/career.php


Application closes on or before the 26th of February 2016.

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