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.
Port Harcourt Electricity Distribution Company (PHED) 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.
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:
Position : Chief Financial Officer
We need a Chief Finance Officer who can serve as an expert on tasks, delivering them within specified time and defined expectation ; maintaining records and documentation.
Oversees all company finance and accounting strategy and consequent activities; including accounting departments, preparing and monitoring of departmental budgets, creating and managing financial reports, tax and audit functions.
Ownership of the company’s financial strategy, planning and forecasts; relating with board, Managing Director, Entire Management and other department heads and making sure that all functions of the organization are aligned to meet its strategic commercial objectives.
With the COO, representing the company before Financial, Government and Technical Regulatory Forces, defending company’s objectives and decisions.
Provide industry trends, opportunities for expansion and projection of future company growth, not limited to local opportunities but with strong awareness of Global perspectives.
Develop with a financial approach mind-set, polices and standards that are aimed at ensuring optimal utilization of the company/departmental resources for the overall achievement of the company’s set objectives; long-term and periodic.
Ensure legal and regulatory compliance regarding all financial functions and commitments of the company.
Supervise departmental functions for the summary achievement of the following;
Setting projects, departmental and company’s budgets
Verifying all set and implemented budgets to ensure prudency and accuracy
Reconciliation of all receivables; actuals vs expected, towards protecting the desired margins
Full management of company’s Cashflow for optimum performance and efficiency of the company
Record keeping and achieving of all Financial activities, information and reports of the company effectively
Ownership of all company’s assets; operating, functional and domiciled
Detailed and effective management of all company’s liabilities
Supervise investment of funds; work with banks and/or investment bankers to raise additional capital as needed by the business on long – term basis or Project – based in appropriate gearings but as directed by the Managing Director and/or the Board.
Direct the preparation of all financial reports, including income statements, balance sheets, reports to shareholders, tax returns, and reports for government regulatory agencies subject to internal guidelines set from time to time by the Managing Director and/or Board of Directors.
To comply with all reporting, accounting and audit requirements imposed by the capital markets or regulatory bodies of capital markets in which the securities of the firm are traded or are about to be traded or otherwise listed.
Analyze company operations to pinpoint opportunities and areas that need to be reorganized, down-sized, or eliminated.
Own and Coordinate financial audits and proper filing of tax returns.
Confer with MD, COO and department heads to coordinate and prioritize planning of available resources for company operations and as mutually and interdependently agreed
In performing this role, you shall ensure:
All Finance staff maintains financial record systems in accordance with Generally Accepted Accounting Principles, and monitor the use of all funds
Management is properly guided on all financial decisions to be made
All staff of the Finance Department are evaluated against agreed performance objectives at pre-defined periods set by the HR function of IEL
Provision of coaching and counseling as necessary to all staff of the department
% of Budget vs Actual variance
Return on Capital Employed
Internal Process Perspective:
Quality of service initiatives for process improvement
Time to remediation and/or mitigation of control deficiencies
Customers and Service Efficiency:
Due Date Delivery of All Monthly, Quarterly, Bi-annual and Financial Reports
Respond to customers/interdependent departments in (< 30 minutes)
Gross Profit/Margin per Project
No. of cost range exception per annum
Qualifications (Experience, Knowledge & Skills)
B.Sc/HND Accounting and added with MBA
Must be a Chartered Accountant
Proficiency in an ERP Solutions
10+ years as CFO/Controller with large project experience in construction and growing business
Knowledge of contracting, negotiating, and change management.
Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles.
Knowledge of automated financial and accounting reporting systems.
Ability to prepare financial reports, statements, and projections.
Proficiency in MS Office, advance use of MS Excel; willingness to participate in a team-oriented environment; excellent verbal and written communication skills; and f amiliar with ERP Solutions and with competencies in Project Management, Microsoft Office Suite .
Experienced in strategic planning and execution.
Ability to analyze financial data
Ability and proven experience in managing, motivating and communicating with interdependent groups of people is essential
Ability to motivate teams to produce quality materials within tight timeframes and simultaneously manage several projects.
Ability to participate in and facilitate group meetings.
This position provides a comprehensive compensation package including a competitive base salary commensurate with skills and experience.
There are three key stages to the process:
Stage One: Application and Pre-screening
Stage Two: Competency-based Interview
Stage Three: Technical Assessment Center
How to Apply
Interested and qualified candidates should:
Click here to apply online