Chief Financial Officer at Benin Electricity Distribution Plc. (BEDC)
Benin Electricity Distribution Plc. (BEDC)
Lagos, Nigeria
Permanent
Published 1 month ago · Expires 3 weeks from now
Job description
## Title: Chief Financial Officer
Position Overview
This position offers a great opportunity for career growth within a dynamic financial leadership role.
Job Purpose
The successful candidate will demonstrate a deep understanding of International Financial Reporting Standards (IFRS), disclosures, and the ability to interpret financial data effectively.
Key Responsibilities
- Oversee the management and accounting of the company's fixed and non-current assets
- Maintain and update the fixed asset register, ensuring accurate classification, valuation, and tagging of all assets
- Coordinate periodic asset verification, tagging, and physical inventory exercises
- Monitor capital projects and ensure timely capitalization upon completion
- Track and record asset acquisitions, disposals, impairments, and transfers in compliance with accounting standards
- Compute and review monthly depreciation charges and reconcile with general ledger balances
- Ensure compliance with internal control procedures and audit requirements related to asset management
- Prepare asset-related schedules and reports for management decision-making and external audit purposes
- Record salary journal vouchers and provision accounts receivable
- Accrue for trade creditors, book invoices, and process payments
- File source documents and maintain CBN amortization schedules
Education Requirements
- Bachelor's degree in Accounting, Finance, Economics, or related discipline
- Master's degree in Accounting, Finance, Economics, or related numerate sciences (advantageous)
Professional Qualifications
- Chartered Accountant (ICAN, ACCA, or equivalent) — mandatory
- Member of Chartered Institute of Taxation of Nigeria (CITN) — advantageous
Required Experience
- Minimum 2–5 years post-qualification experience in finance and accounting roles
- Experience in a DisCo or FMCG organization with monthly turnover of at least ₦15 billion
- Proven experience in final accounts preparation, tax management, and budget and budgetary control