Internal Control Manager at Ikeja Electricity Distribution Company
Buoyed by a mission to redefine customer experience and be the provider of choice wherever energy is consumed, Ikeja Electricity Distribution Plc (Ikeja Electric), Nigeria's largest power distribution network powers lives and businesses with innovation and unwavering drive for excellence. The company began its new phase of growth and expansion on November 1st, 2013 following the handover of the defunct Power Holding Company Of Nigeria (PHCN) to NEDC/ KEPCO Consortium under the privatization scheme of the Federal Government of Nigeria. The consortium has the Korean Electric Power Corporation (KEPCO) which generates about 84,000MW in capacity and has a global efficiency record of a maximum down time period of slightly above three minutes annually as technical partners. This partnership has positioned IE to effectively drive its commitment to deliver efficient and sustainable power supply through investments in new technology, infrastructure upgrade and human capital development. Ikeja Electric has over 600,000 customers who the company is committed to serve with a New Spirit, New Drive and New Energy. This resolve continues to elicit a passion for service excellence and new thinking on how to empower lives and businesses across the IE network.
The Internal Control Manager will support the Head, Internal Audit in identifying, assessing, and monitoring operational, financial, technical, and commercial risks across all Business Units by evaluating the effectiveness of internal controls, ensuring compliance with policies and procedures, and providing actionable insights that strengthen governance, safeguard revenue, and enhance overall business performance.
Your Role Accountabilities are:
Ensure that strategies defined and implemented for accomplishment of the department’s objectives relating to day-today monitoring of controls in the Business Units.
Identifies, assesses and monitors the risk inherent in all the operations of each Business Unit;
Monitor control performance on an ongoing basis in all areas of operations of the Business Units, including technical, commercial, finance and administration;
On a regular basis, review accounts delinquency in each BU and provide reports to the BU management to ensure effective follow-up for vending and collection;
Participate in the pre-billing review of each BU to ensure that the data submitted for billing is reliable;
Regularly test the integrity and reliability of the submitted readings by marketers in each Business Unit;
Verify accounts for closure including undistributed bills and dormant accounts;
Conduct special audit of stores, cash, and contractors’ bills in each Business Unit
Perform value for money audits on the spending’s in the Business Units;
Perform appropriate procedures to ensure that measures are implemented by the BU management to check the activities of freeriders in each BusinessUnit;
Skills & Competencies
The role affords you to develop technical and behavioral competencies, that is, skills, knowledge, and behaviors required to successfully perform in the role and contribute to the organization's goals.
Technical Competencies:
Knowledge of internal departmental processes
Good understanding of the regulatory regime
Behavioral Competencies:
Customer Centricity: Demonstrates a strong commitment to protecting customer interests by ensuring accurate billing, timely complaint resolution, reliable meter readings, and transparent financial and operational processes across all Business Units.
Risk Management: Proactively identifies, assesses, and monitors operational, financial, technical, and commercial risks within
Business Units, ensuring effective internal controls, early detection of control failures, and mitigation of revenue, compliance, and reputational risks.
People Leadership: Provides guidance and oversight to control teams, supports BU management through clear control insights, builds accountability, and drives adherence to internal control standards through collaboration and influence rather than authority alone.
Entrepreneurship: Applies initiative and innovation in strengthening control systems, improving monitoring mechanisms, and enhancing value-for-money audits, while identifying smarter ways to reduce leakages, inefficiencies, and revenue losses.
Organizational Learning:
Continuously reviews control outcomes, audit findings, and operational data to improve processes, strengthen controls, share lessons learned, and embed best practices across Business Units.
Change Management: Supports and drives improvements in control processes, systems, and compliance practices, ensuring Business
Units adapt to new policies, regulatory requirements, and improved control frameworks with minimal disruption.
Minimum Requirement
Bachelor’s degree in accounting, finance or engineering related discipline
Master’s degree will be an advantage; CA certification – ACA, ACCA, CIA;
10 years of experience in a leading organization with bias in risk, control, and audit.