Applications are invited from suitable and qualified candidates for the Position of Financial Reporting Head at Sahara Group.
About Sahara Group
Sahara Group, established in 1996 with Sahara Energy Resource Limited as its first company, initially focused on trading petroleum products. Over the years, it has evolved into a multifaceted conglomerate operating in sectors such as upstream, midstream, downstream, power, and infrastructure development. Sahara Group’s strength lies in its ambidexterity and ability to create extraordinary solutions from ordinary circumstances, tailored for diverse markets. Through investments in people, technology, strategic acquisitions, and expansion programs, Sahara continually explores new frontiers in energy provision. Embracing good corporate citizenship, the company promotes global sustainable development and transparency in business, collaborating with multilateral organizations and stakeholders worldwide.
Job Summary
- Company: Sahara Group
- Job Title: Head Financial Reporting
- Job Type: Full Time
- Qualification: BA/BSc/HND
- Locations: Lagos Nigeria
Job Title: Head Financial Reporting
Job Description
The Head of Financial Reporting will be responsible for coordinating and managing the accurate recording and reporting of Egbin’s financial statements.
Key Duties and Responsibilities
- Develops annual Revenue Management (RM) goals.
- Coordinate investigation, analysis, evaluation and resolution of revenue-related issues that arise during disputes on revenue recognition.
- Periodically review and report on the status of billing with the Market Operator, Bulk Trader, Eligible Customers and the outsourced functions.
- Review revenue impacting policies, processes and activities in line with realities of the Nigerian environment.
- Support in the provision of recommendations for modifications to such policies
- Perform monthly energy and capacity reconciliation in conjunction with the commercial and contracts unit for the purpose of revenue recognition for the plant.
- Provide relevant suggestions to the management and Board on potential revenue sources to be identified and explored.
- Ensure timely and accurate recording of direct payment and cash receipts from Egbin’s power buyers.
- Monitor credit transactions to ensure that all agreements and laid down policies and procedures are fully complied with, and identify, investigate and report any contraventions, non-compliance and exceptional credit-related cases to the Head, Finance & Stores.
- Participate actively in the implementation of appropriate recovery strategies to ensure timely collection of market areas.
- Oversee and ensure timely reconciliation of EGBIN’s balance sheet and the clearing of identified exceptions.
- Collate inputs and translate them into an agreed format for management reporting.
- Ensure month-end balances and financial statements are prepared promptly.
- Ensure timely generation and rendition of monthly, quarterly and annual financial statements (profit and loss, cash flow and Statement of Financial Position).
- Prepare the unit’s budget inputs and contribute to the preparation of the budget firm-wide.
- Design and develop a unit plan that details how the unit will deliver on organisational requirements
- Coach, mentor, and conduct performance appraisal and review for subordinates on a timely basis
- Prepare a periodic report for the attention of the CFO.
- Approve expenditure within the limits of approval.
- Perform any other duties as assigned by the CFO.
- Implement data protection policies and practices of Egbin Power Plc.
- Ensure compliance with the NDPR and other data protection laws, and data protection policies.
- Undertake a Data Protection Impact Assessment as applicable to curb the risk during data processing operations.
- Ensure awareness, understanding and application of QHSE policy on assigned jobs, ensure the integration of the IMS requirements (ISO 9001:2015, 14001:2015 & 45001:2018) into the departmental processes.
- Engage, direct and support persons /units/departments to understand and identify hazards, risks, environmental aspect and Impact as it is related to their jobs.
- Ensure that the Integrated Management System (ISO 9001:2015, 14001:2015 & 45001:2018) achieve its intended results within departmental processes.
See Also:
Requirements for the Position of Financial Reporting Head at Sahara Group
Education and Work Experience
- Bachelor’s degree or its equivalent in Accounting/ Finance/ Economics or other related discipline.
- Relevant professional certification (e.g. ACA, ACCA, CIMA, CFA) is a must-have.
- Minimum of ten (10) years relevant experience with at least three (3) years in a managerial role.
Skills and Competencies
- Good understanding of micro and macroeconomic indices and their impact on the business.
- Good understanding of trends, challenges, opportunities, regulations and legislations relating to the power sector and its impact on revenues
- Good knowledge of the wholesale electricity market and the relevant settlement mechanism.
- Working knowledge of the Multi-Year Tariff Order, cost assumptions, returns on investments, etc.
- Deep understanding of foreign exchange operations and regulation.
- Advanced financial and accounting knowledge, including an understanding of finance best practices and IFRS/ international accounting and financial reporting standards.
- Knowledge of the Financial Reporting Council (FRC) and NERC requirements for financial reporting
- Very sound business acumen – financial and commercial knowledge.
- Excellent communication and interpersonal skills.
Deadline
23rd January, 2026
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