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Financial Accountant at Electricity Supply Corporation of Malawi (ESCOM) Limited

Electricity Supply Corporation of Malawi (ESCOM) Limited

The Electricity Supply Corporation of Malawi (ESCOM) Limited is incorporated under the Companies Act of the Laws of Malawi. Its core business is to procure, transmit and distribute electric power in Malawi as well as manage System Market and Single Buyer Operations in Malawi. ESCOM is inviting applications from suitably qualified candidates to fill the following vacant positions currently existing within the Corporation:

Financial Accountant
Job Title: Financial Accountant 1 Position
Grade: ES7
Location: SBL Head Office
Department: Finance
Reporting to: Senior Accountant

Purpose of the Job

To provide leadership, direction, and guidance on financial activities in an efficient and effective manner to enable SBL to achieve its goals.

Key Duties and Responsibilities

  1. Undertake an economic and financial review of new and old Power Purchase Agreements and advise the financial impact of economic and financial risk
  2. Review financial models provided by proposed IPPs.
  3. Carry out due diligence regarding the financial capacity and readiness of IPPs from the financial and commercial aspects.
  4. Receive and validate invoices with the collaboration of SMO
  5. Participate in PPA negotiations
  6. Raise invoices for the electricity sold to Distribution Licensees, Bulk customers, and exports to the regional electricity market.
  7. Reconcile, analyze and update payments to all licensees and IPPs.
  8. Carry out the impact of IPP pricing on end-user tariff customers using ESCOM revenue requirements.
  9. Evaluate the impact of any guarantee required by IPPS on for PPAs.
  10. Carry out Cash flow management and budgetary control of the Single Buyer
  11. Coordinate and facilitate annual financial audits
  12. Enforce compliance with tax laws, accounting standards and other regulatory standards
  13. Prepare financial plans, budgets, and reports

Knowledge, Skills and Abilities

  • Good communication and listening skills
  • Analytical and critical thinking skills
  • Attention to detail
  • Problem-solving and negotiation skills

Minimum Qualifications and Experience

  • Bachelor’s degree in Accounting/Finance or Chartered Accountant
  • Three years relevant Work experience
  • ICAM/ACCA/CIMA/ACA Membership

APPLICATION METHOD: Hard Copies in an envelope clearly indicating the position applied for on top.

ATTACHMENTS : Application Letter, Curriculum Vitae with 3 traceable referees and Certified Copies of Certificates.

CLOSING DATE : Friday, 10th May 2024.

ADDRESSED TO : Senior Human Resources Manager, ESCOM House, P.O. Box 2047, Blantyre.

Only candidates possessing accredited Qualifications will be considered for shortlisting. In cases where one’s qualification accreditation is questionable, the burden of proof rests with the candidate to provide evidence to the contrary.

Only Shortlisted candidates will be acknowledged and invited for interviews through email.

ESCOM Ltd is an equal opportunity employer.