Ongoing Recruitment at the Abuja Electricity Distribution Company (AEDC Plc), April 2019

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The Abuja Electricity Distribution Company (AEDC Plc) one of the 11 privatized Electricity Distribution companies in Nigeria that operates in the following states; Kogi, Niger, Nasarawa and Abuja, is presently recruiting for the position below:     Job Title: Accountant, Financial Operations Location: Abuja Role Purpose Statement

• Assist General Manager Financial Operations on issues related to Revenue Management and Commercial activities.

Major Roles / Accountabilities

• Procedure for revenue collection management.
• Investigation of fraudulent activities in cash offices.
• Redeployment proposal of Cashiers for effective purposes.
• Ensure that cash receipting machines are maintain as per service agreement.
• Verification/vetting of cash receipting machines invoice for payment.
• To ensure that safes are available in all cash offices.
• To verify cash offices machines procured are made according to specifications.
• To ensure vending POS payments collection is operating.
• To reconcile Super Vendor and Third party integrations on vending and billing.
• To control Inters witch payment collection platform.
• Co-ordination of issues arising from billing.
• Coordination of issues arising from prepaid vending.
• Following-up collection of Arrears from Ministries, Departments and Agencies.
• Following-up collection of Arrears from Corporate Bodies.
• Reconciliation of Accounts of Customers.
• Following-up collection of Arrears of highly indebted customers at the Area Offices.
• Co-ordinate the Collection of Arrears from Maximum Demand Customers at the Area Offices.

Academic And Professional Qualifications

• Minimum BSc/BA in Accounting, Finance or business related course/other analytical degree
• ICAN, ACCA, ACA, CPA, ANAN.

Work Experience:

• Minimum 5 years of progressive experience.

    Job Title: Junior Accountant, Financial Operations Location: Abuja Role Purpose Statement

• Under direction, performs a variety of professional level accounting duties involved in preparing, maintaining, analyzing, verifying, and reconciling complex financial transactions, statements, records, and reports;
• Maintains the accuracy of the Company’s ledgers and subsidiary financial systems; assists in the preparation of assigned budgets, annual audit, and year end closing; and provides highly responsible staff assistance to assigned management staff.

Major Roles / Accountabilities

• Accurate data capture of transactions into accounting software on proof of adequate supporting documentation
• Reconciliations of staff, banks and vendor accounts
• Accurate capture of tax liabilities, tax minimization and service of tax commitments
• Monitor bank payments and reconcile to the payment plan
• Assist in audit process through timely and comprehensive response to all audit queries
• Assist in identifying and capturing of asset transactions and maintenance of accurate and up to date assets register and other supporting accounting schedules
• Assist in identifying inventory transactions, recording and reconciliation of inventory records and valuation
• Perform revenue and receivables reconciliations
• Perform any other duties as assigned from time to time.

Academic and Professional Qualifications

• Minimum of a B.Sc/B.A in Accounting, Finance or Business related course.
• Professional qualifications: ICAN, ACCA, ACA, CPA, ANAN.

Technical Skills:

• Knowledge of IFRS and provisions applicable to the utility sector.
• Team player with a passion for excellence, get- it- right- first- time mentality.
• Organized, analytical, critical thinker with bias for problem-solving.
• Thirst for perfection, timely delivery and accuracy.

Work Experience:

• Minimum 3 years of progressive experience.

    Job Title: Senior Manager, Financial Operations Location: Abuja Major Roles / Accountabilities

• Support and coordinate updating of Post-Paid and Pre-Paid Dash-Boards.
• Ensure timely calculation of provisions for accrued and deferred revenue as well debt impairment.
• Consolidate Reporting on o Billing o Vending o Collections o CAPMI.
• Ensure that Policies for Impairment, Provision for Accrued and Differed Revenue are kept up to date.
• Ensure that working papers to support accounts receivable and revenue figures as per the financials are kept.
• Monthly verification of accounts receivable and consumption data as per the management reports.
• Assist with sales and tariff analyses.
• Interface with billing department regarding statistics and billing schedules.
• Develop business intelligence management reports.
• Assist in cashless initiatives and third party system integrations.
• Carry out any other duties as requested by Head, Finance Commercial Operations.

Academic and Professional Qualifications

• Degree in Banking and Finance, Accounting, Business Administration, Economics, Other analytical degree.
• ICAN, ACCA, ACA, CPA, ANAN.

Work Experience:

• Minimum of 7 years of progressive, relevant experience.

    Job Title: Junior Officer, Operational Controls Location: Abuja Role Purpose Statement

• This role provides the holder with an opportunity to contribute to the organizations’ control environment and exposure to many business areas.
• Staff will gain a broad perspective of the financial controls of the Company through varied assignments that range from expenditure controls, inventory control, supply chain, budgetary control and compliance engagements.

Major Roles / Accountabilities

• Evaluating payment vouchers to determine the completeness, appropriateness, correctness, reasonability and need justification for every expenditure.
• Evaluating stock request, issues and record processing.
• Confirm deliveries are consistent with contractual terms and vendor acceptance.
• Evaluate adherence to expenditure forecast and procurement plans with periodic/rolling evaluation.
• Evaluating efficiency in Inventory management, ensuring that stock remains in usable condition and reasonable quantity, Identifying and proposing stock management improvements.
• Maintain appropriate documentation for processed transactions in accordance with company policy and accepted accounting practices.
• Proactively provide feedback and advise on how to control operating costs.
• Participate in control evaluation and assessment and provide recommendations for procedural improvements.
• Assist in sustenance and improvement in alignment with policies, procedures, processes.
• Perform assigned budget control procedures on all intended company commitments and expenditure.
• Perform operational and financial controls activities as assigned.
• Assist in enlightening on business processes at business unit level to achieve business goals.
• Ensure business operations are in compliance with company policies and best practices.

Academic and Professional Qualifications

• Bachelor’s degree in Business Management and Administration, Finance and Accounting, Engineering, Technology, Compliance or technical experience in internal control or compliance
• Relevant Professional qualification.

Work Experience:

• 5 years’ relevant experience (Audit, internal)

    Job Title: Head, Operational Controls Location: Abuja Role Purpose Statement

• This individual directs the investigation, analysis and evaluation of internal control deficiencies and analyzes complex business processes to support the development/design of appropriate internal controls that provide reasonable assurance that the company:
  • Complies with all statutory regulations,
  • Puts measures in place to prevent potentially illegal or unethical activities;
  • Ensure the efficient management of Company resources and iv)produces IFRS-compliant financial statements
• The internal controls that are recommended and designed are also thoroughly and formally documented in the company’s process narratives and controls.
• Additionally, this position entails independent business unit and auditor interaction (preparation/review of recommendations and face/face communication), often with employees at a higher job level
• The person in this position leads the organization’s efforts in establishing an appropriate control environment in line with the company’s corporate governance
• Other key responsibilities are to develop policies and procedures, ensure their implementation and monitor compliance
• This position also works with human resources to update policy manuals and other documentation to ensure immediate compliance by all staff involved.

Major Roles / Accountabilities

• Leads special projects, such as the investigation of deficiencies or the design and implementation of controls over complex business processes across the organization, often dealing directly with directors and other executives in various business units.
• Directs process owners on the remediation of control gaps and/or deficiencies in operation.
• Maintains regular communication with process owners relating to the internal control structure while providing direction and guidance on control design, operating effectiveness, ongoing change management and effective monitoring of their controls.
• Coordinates internal controls communication and monitoring efforts.
• Acts as a liaison between all affected parties including: business owners, internal audit and external audit.
• Responsible for the regular review and certification of controls.
• Review all financial plans and budgets regularly to look for cost reduction opportunities.
• To regularly evaluate the operation of processes and controls and discuss with budget holders and/or senior management as necessary, making use of KPIs to monitor compliance.
• To lead on compliance with the Company Procedures Manual, ensuring that all procedures and policies are business focussed and communicated effectively.
• Work with the Business & Data Analysts to develop metrics and reporting tools that can be used to measure effectiveness and efficiency of processes or systems.
• Put in place processes and procedures to stop wastage and excess expenditure.
• Report on operating metrics, financial controls and improvement initiatives.
• Coordinating efforts between procurement, payroll, human resources, projects, budget.
• Evaluate Vendor selection process and review other procurement and supply chain processes.
• Improve efficiency through service delivery initiatives.
• Establish short and long term goals with department heads for policies, objectives and operating procedures.
• To lead the Operational Controls team to deliver effective and efficient processes, developing and embedding controls that safeguard our assets and manage risk appropriately.
• Determines the effectiveness of internal of control structure, policies, and procedures in
• light of ongoing business changes throughout the company, providing direct support to business units undergoing changes (i.e. systems, processes, procedures).
• Collaborates across Directorates to incorporate sound financial controls and efficient processes whilst meeting business needs.
• Analyze/review business/operation processes, and internal control design and workflows with the objective of finding out how each can be improved and create their flow maps.
• Address specific training and development needs to fill compliance gaps.

Academic and Professional Qualifications

• Bachelor's Degree with a major in Business, Accounting, Finance, or Technical experience of internal control/compliance.
• ICAN, ACCA, ACA, Certified Internal Controls Auditor, ANAN.

Work Experience:

• Minimum of 7 years of progressive, relevant experience (control and compliance would be added advantage).

    Job Title: Officer, Operational Controls Location: Abuja Major Roles / Accountabilities

• Coordinate review of current business operation processes and procedures to address operational deficiencies and strengthen systems.
• Engage process owners through process review to identify gaps and deficiencies in existing processes and procedures.
• Develop solutions and policy procedures to address identified gaps and deficiencies and to provide direction and guidance during implementation.
• Assess the value-adding capacity and justification for projects and requisitions.
• Manage departmental budgetary control and monitor departmental spend.
• Maintain junior employee work schedules, assignments, job rotation, training and overtime scheduling.
• Make business decisions that are financially reasonable, justifiable and being accountable in accordance with AEDC’s policies and procedures.
• Ensure efficiency in material utilisation, cash disbursement, Human Resources and unevaluated procurement through control initiatives.
• Build effective relationships with other superiors (vertical) and colleagues (horizontal).
• Manage compliance with Standard Operating Procedures (SOPs) and regular review for update to ensure with best practice and continuous improvement culture.
• Highlighting opportunities, identifying issues and recommending procedural changes as applicable company wide.
• Manage Operational KPI analysis.
• Develop and implement operational and financial controls to achieve business objectives.
• Work closely with Process owners, Change Management and Internal Audit to address Operational deficiencies and strengthen systems.
• Prepare monthly Operational reports including identified Operational and control lapses,
• options for improvement, impact of previous improvement initiatives and subsequent activity plan.
• Demonstrate ability to assess and understand a variety of internal and external factors with significant impact on the business and appropriate course of action.
• Ability to influence others, present convincing arguments and deal with conflicting viewpoints.
• Encourage maximum savings through volume rebates or trade spend initiatives.
• Obtain sufficient confirmation that order and deliveries are consistent with their contractual terms.
• Evaluate Vendor selection process.
• Manage and review financial reports: monthly, quarterly and annual reports, as required for monitoring and reporting purposes.
• Manage operational and financial analyses within business units and present findings and recommendation to Function Managers and Directors.

Academic And Professional Qualifications

• Bachelor's degree in Business Management and Administration, Finance and Accounting, Engineering, Technology, Compliance or technical experience in internal control or compliance.
• Relevant Professional qualification.

Work Experience:

• Minimum 5 of years’ relevant experience (finance, Internal control or compliance,
• Engineering, Technology, Process development).

    Job Title: Junior Officer, Treasury & Financial Risk Management Location: Abuja Role Purpose Statement

• Assist in treasury related matters of the company.

Major Roles / Responsibilities

• Prepare revenue reports and carryout bank reconciliation for the purpose of decision making on monthly basis.
• Maintain professional relationship with financial institutions and ensure adherence to bank best practices.
• Critically analyse revenue reports, review bank cashbooks and proffer advanced bank reconciliation methods with high level of professionalism.
• Assist in negotiating and recommend means of bridging liquidity gaps.
• Assist in preparing and maintaining an insurance policy for the company.
• Analyses insurance needs and secures optimum coverage for the organization.
• Process crystallised insurance claims timely. Liaise with the company’s insurers/assurers Assist in maintaining a financial risk register.
• Monitor and recommend quality investment decisions for the company to achieve its objectives and goal.
• Assist in developing risk and cost assessment report on all investment decisions.
• Assist in the periodical evaluation of performance of predetermined investment portfolios.
• Prepare bank reconciliation of all Company’s bank accounts and follow-up on timely resolution of reconciling items/variables.
• Monitor and review revenue activities of the Area Offices.
• Review reconciled costs and charges in bank accounts.
• Monitor market trend and supply data to your line supervisor for the purpose of advising management on the purchase of foreign currency (FCY).
• Ensure FOREX needs are meet – Purchase of FX, LC, Bill of collections etc.
• Review cash inflows and outflows.
• Monitor cashflow plan monthly utilisation of funds.
• Ensure compliance to Federal and State laws and rules on Treasury and risk management.
• Post all transactions on company’s accounting software.
• Understanding of market conditions, trends and overall economic outlook.
• Perform supervisory role to subordinates.
• Should be able to stand-in for the Senior Analyst in his/her absence.
• Other roles as assigned by the Treasurer.

Academic and Professional Qualifications

• Degree in Banking and Finance, Accounting, Business Administration, Economics, other analytical degree
• ICAN/ANAN/ACCA- will be an added advantage.

Work Experience:

• Minimum 3 years corporate experience in relevant field (Financial Institutions or Treasury departments).

    Job Title: Senior Manager, Treasury & Financial Risk Management Location: Abuja Role Purpose Statement

• Render Support To The General Manager, Treasury & Financial Risk Management on treasury matters.

Major Roles / Responsibilities

• Render sound financial advice to the company on treasury related matters.
• Critically analyse revenue reports, review bank cashbooks and proffer advanced bank reconciliation methods with high level of professionalism.
• Carry out data collation and ensuring data integrity as required for developing tactical and operational plan.
• Provide support to Senior team members on special projects assisting with data inputs and analysis and inputs necessary for the investment analysis efforts.
• Work on ad-hoc projects/analyses as required from time to time.
• Responsible for implementing KPI reporting standards and systems across core business functions at the Business units.
• Maintain professional relationship with bank on an advanced level with the aim of making best banking decisions.
• Professionally negotiate and recommend means of bridging liquidity gaps.
• Give professional advice to the company on insurance matters.
• Prepare and maintain insurance policy for the company.
• Analyses insurance needs and secures optimum coverage for the organization.
• Identify and analyse risks associated with policies.
• Ensure crystallised insurance claims are processed timely.
• Act as the company’s liaison to the company’s insurers/assurers.
• Maintain a financial risk register.
• Make quality investment decisions for the company.
• Develop risk and cost assessment report on all investment decisions.
• Reviews bank reconciliation of all Company’s bank accounts and ensure timely resolution of reconciling items/variables.
• Forecast on the market trend and proffer professional advice to management on the purchase of foreign currency (FCY).
• Ensure adherence to cashflow plan by reviewing monthly utilisation of funds.
• Liaise with financial and other investment institutions.
• Ensure compliance to Federal and State laws and rules on Treasury and risk management.
• Maintain an in-depth understanding of market conditions, trends and overall economic outlook.
• Constant monitoring of company’s investment objectives and goal.
• Perform supervisory role to subordinates.
• Should be able to stand-in for the Head Treasury in his/her absence.
• Other roles as assigned by the Treasurer.

Academic and Professional Qualifications

• Degree in Banking and Finance, Accounting, Business Administration, Economics, other analytical degree.
• ICAN/ANAN/ACCA- will be an added advantage.

Work Experience:

• Minimum 7 years corporate experience in relevant field (Financial Institutions or Treasury departments).

    Job Title: Junior Analyst- Strategy & Corporate Planning Location: Abuja Major Roles / Accountabilities

• Support the Strategy development and Planning process, leading data and information collation and interface with business functions ensuring quality and integrity of input data.
• Update the monthly or periodic performance tracking templates and analyzing variance from target and investigating causes.
• Carry out data collation and ensuring data integrity as required for developing tactical and operational plan.
• Provide support to Senior team members on special projects assisting with data inputs and analysis and inputs necessary for the investment analysis efforts.
• Work on ad-hoc projects/analyses as required from time to time.
• Responsible for implementing KPI reporting standards and systems across core business functions at the Business units.
• Prepare performance reports and tracking of KPIs in line with established reporting and mechanisms with discussion on observed performance and trends using Microsoft’s excel, PowerPoint, Word and similar applications software to create/display charts, graphs and dashboards to visualise results.
• Provide facilitation support at monthly meetings with Regional, Area Offices and other SBUs as necessary to discuss historical and future performance providing practical counsel on achievement of performance targets.
• Continuously seek ways to automate manual departmental processes by developing simple models and standard templates to enhance productivity.
• Provide administrative and executive support to Head of Strategy Unit as needed.

Academic and Professional Qualifications

• University level degree in any analytical discipline - Accounting, Science, Finance, Economics, Engineering, Math.
• ICAN/ANAN/ACCA- will be an added advantage.

Work Experience:

• Minimum 3 years of progressive experience.

    How to Apply Interested and qualified candidates should: Click here to apply The Cover Letter should be addressed to: The MD/CEO, Abuja Electricity Distribution Company Plc, 1 Ziquinchor Street, Off IBB Way, Wuse Zone 4, Abuja, FCT Nigeria.   Application Deadline 1st May, 2019. Note

• All applications should include CV and a Cover Letter.
• The subject of your application should be position applied for. Failure to follow the instructions will lead to disqualification of your application.

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