Account Officer Job at Ibadan Electricity Distribution Company

Ibadan Electricity Distribution Company (IBEDC) Plc - Headquartered in Ibadan is responsible for electricity distribution within the south western zone (Oyo, Ogun, Osun and kwara as well as some parts of Kogi, Ekiti and Niger states).

We are an organization with a focus on delivering excellent service to the customers and providing customer satisfaction through reliable power distributions.

We are recruiting to fill the vacant position below:

Job Position: Account Officer
Job Location: Ibadan, Oyo
Specialization: Accounting

Job Description

• To ensure that all bank transactions records of IBEDC and corresponding banks are accurate and consistent with laid down treasury policies/procedures of the company  

Responsibilities

• Facilitates IBEDC payments for all IBEDC’s obligations liaises with Accounts payable to ensure all approvals and entries are properly captured
• Monitors Cash / Cheque lodgments into IBEDC’s Bank Accounts
• Monitors daily cash balances and performs daily reconciliation of Bank Accounts
• Maintains day to day banking relationships and operations
• Assists in carrying out cash movements between Bank Accounts
• Liaises with Accounts Receivable Section on trade/sales returns reconciliation
• Reconciles all bank transactions and prepares periodic account reconciliation report

Competence Requirements

• Electricity Industry Knowledge
• Strong Negotiation skills
• Treasury and Cash Management
• Financial Planning/Budgeting & Forecasting
• Banking industry and operations Knowledge of bank tariffs and financial regulations
• Investment & Risk Management / Portfolio Management
• Financial Management Process knowledge
• Financial, Management, and Cost

Qualifications and Requirements
Educational qualification:

• A first degree in Accounting, Finance or any related discipline

Desired Experience:

• At least 3+ years of professional experience in liquidity management or related finance field

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