Budget & Financial Analyst

Job Description

The Budget & Financial Analyst assists in managing Egbin's budget preparation and monitoring process, including the preparation of relevant reports to support Management's decision-making.

Key Duties and Responsibilities • Assist in circulating the annual business planning guidelines and provide assistance to other budget holders during the planning process in conjunction with the performance and planning unit. • Develop a consolidated budget pack for review and approval by the Management Account & Budget Manager. • Monitor approved budget allocations, revenue, and expenditure and highlight variances for the attention of the Head, Management Account & Budget. • Carry out primary review and validation of budget data presented by various units and or highlight major inconsistencies/shortcomings. • Carry out initial review & analysis for consistency of data, validation with other operational information and present to the head of the section. • Ensure the reporting of the monthly financial performance of each unit and business generating centres (BGCs) • Carry out variance analysis of major performance parameters with that of budget forecasts, and highlight underlying business/operational causes of variation • Carry out studies and research of relevant authoritative sources of macroeconomic data to gather basic information on budgetary assumptions. • Prepare first drafts of relevant periodic and/ or ad hoc reports. • Assist in generating monthly management accounts, business performance statements, noting major deviations from budget, and risk areas. • Participate in the analysis of operational results and proffer recommendations to management. • Obtain key insights on industry (competitors) and economic analysis, and recommend areas of improvement (If any). • Provide analytic insight using trend analysis on key operational performance and accounting indices. • Prepares draft financial forecast to aid business decision-making. • Prepare monthly financial investment analysis and suggest best alternatives for fund based on economic performance. • Perform any other duties as may be assigned by the Head of Budget, Planning and Business Performance. • 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 Data Protection Impact Assessment as applicable to curb the risk during data processing operations. • Ensure awareness, understanding and application of QHSE policy and application of departmental objectives. • Ensure awareness of the Integrated Management System (ISO 9001:2015, 14001:2015 &45001:2018) and implications of not conforming with the requirements. • Understand and identify hazards, risks, environmental aspect and Impact as it is related to their jobs.

Education and Work Experience • Bachelor's degree or its equivalent in Accounting, Finance, Economics or any other related discipline. • Candidates must possess an ACA qualification. Additional certifications such as CIMA, CPA, or ACCA are an added advantage. • Three (3) to seven (7) years' experience with at least two (2) years in Budget and Planning or similar field.

Skills and Competencies • Good understanding of trends, challenges, opportunities, regulations and legislations relating to the power sector. • Good understanding of micro and macroeconomic indices and their impact on the business. • Advance financial and accounting knowledge, including understanding of IFRS, finance best practices and other applicable reporting and accounting standards. • Working knowledge of accounting packages and systems, including a standard ERP software. • Very sound business acumen - financial and commercial knowledge. • Good report writing and presentation skills. • Ability to extract, manipulate and analyze large volumes of data and strong problem-solving skills • Strong interpersonal, communication and negotiation skills • High sense of responsibility, accountability and dependability • Good oral and written communication skills • Good problem-solving skills. • High ethical standards and integrity. • Proficiency in the use of MS Office tools.