Job Opportunties 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


INTERNAL AUDITOR

JOB OBJECTIVES
To ensure compliance with Sapele Power Plc’s Policies, Procedures, and regulations. This objective will enhance reliability of financial reporting and information
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
Establish internal audit scope and develop annual risk-based audit plans/programs
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
Execute and monitor the audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable regulations
Conduct walkthroughs and testing of medium to low risk process to analyze operating effectiveness and design of main financial controls
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.
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.
Maintain open communication with management and audit committee
Document process and prepare audit findings memorandum
Coordinate the entire Internal Audit team, ensuring that the values required of the team are delivered
Build capacity within the Internal Audit 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 details of all transactions and processes reviewed
Accurate value of available stocks in the entire business or group
Accurate postings of accounts per account types, Cost Centers and business location.
Timely delivery of monthly audit memorandum
Compliance to SPP’s operating standards.

Functional Competencies/Requirements
Highly developed and demonstrated skills in analysis, conceptualization and problem solving
Strong business analysis skills and the ability to document and analyze business processes and their controls
Strong Financial and Management Accounting skills
Strong Computer literacy skills
In-depth understanding of Accounting software
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, Internal Audit (and or other recognized Professional Accounting Qualification ACCA or ACA)
Minimum of 5 years post professional qualification experience.
Knowledge of Power Sector Regulatory Requirements and Pronouncement 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.

FINANCIAL ACCOUNTANT

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

INTERNAL AUDIT ASSISTANT

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 Informatio
Operational Effectiveness and Efficiencies
Regulatory compliance

KEY RESPONSIBILITIES
Assist in business process review across the various units of Sapele Power Plc
Identify weakness of controls and processes and suggest solutions to mitigate the gaps identified
Monitor level of compliance to SPP’s processes and procedures
Prepare weekly exception report and monitor the processes of rectifying the exception noted.
Assist in the improvement of internal controls related to inventory management
Improve and manage inventory analysis report and produce monthly inventory valuation report
Participation in monthly stock count and reconciliation
Assist in monthly Payroll review and produce variance analysis report.
Ensure petty cash are managed in line with SPP’s policy and financial operation guidelines
Conduct cash count at a regular interval
Continuous review of payments and approval processes.

Key Performance Indicators:
Up to date details of all transactions and processes reviewed
Monthly Inventory Observation Report
Accurate postings of accounts per account types, Cost Centers and business location.
Timely delivery of weekly audit report
Compliance to SPP’s operating standards

Functional Competencies/Requirements:
Highly developed and demonstrated skills in analysis, conceptualization and problem solving
Moderate business analysis skills and the ability to document and analyze business processes and their controls
Moderate Computer literacy skills
Basic understanding of Accounting software
Basic understanding of Accounting systems

General Management Competencies/Requirements:
Strong analytical skills
Good written and oral communication skills, able to communicate basic financial matters to non-technical experts
Strong commercial awareness
Ability to bring a “hands on” approach to the work if needed
Positive "can do" spirit
Basic understanding of operations in the Energy and Power Industry

EDUCATIONAL QUALIFICATIONS/EXPERIENCE
Minimum of university degree or HND Accounting (and or other recognized Professional Accounting Qualification ACCA or ACA)
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.

TO APPLY
Applicants should forward their Cover letter with Applications to recruitment@sapelepower.com

DUE DATE: 26 February, 2016