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  • Posted: Feb 7, 2023
    Deadline: Feb 14, 2023
  • Safaricom is the leading provider of converged communication solutions in Kenya. In addition to providing a broad range of first-class products and services for Telephony, Broadband Internet and Financial services, Safaricom seeks to uplift the welfare of Kenyans through value-added services and support for community projects.
    Read more about this company


    Record to Report Team Lead

    We are pleased to announce the following vacancy for Record to Report Team Lead in the Finance Division. In keeping with our current business needs, we are looking for a person who meets the criteria indicated below.

    Reporting to the Finance Shared Services Lead, the role holder will lead the Record to Report team in ensuring proper accounting and management of General Ledger, completeness, accuracy and timeliness of preparation of the financials.

    Key Responsibilities

    • Accountable for preparation and posting of journal entries for Safaricom and its subsidiaries
    • Performing the month end closure activities: finalizing the general ledger, maintaining the close schedule, scheduling of subsystem feeds, giving proposal for materiality decisions on closing entries and communicating to internal customers on formal closure of the month.
    • In charge of Revenue reporting and validation of Safaricom and its subsidiaries
    • Ensuring data quality and integrity in reporting financial information to the stakeholders
    • Ensure all policies and processes adhere to the Control Framework, embed a strong Financial Control environment, applying a risk-based approach
    • In charge of relationship with internal and external auditors.
    • Maintaining accountability for the standard chart of accounts and for the account analysis/reconciliations on a timely basis.
    • Managing Intercompany modules and related entries in these accounts
    • Managing the R2R function for the Finance Shared Services
    • End to end process documentation, KPIs, and dashboards (daily, weekly and monthly) for the leadership team reviews
    • Overseeing the opening and closing of GL periods
    • Cooperating with other team members to ensure that the Shared Service Centre is meeting or exceeding performance levels
    • Continuously seeking to improve the R2R processes to increase efficiencies in line with leading practices
    • Properly manage accruals and prepayments and keep a proper check control of the schedules
    • Manages group responsible for payroll accounting including recording journal entries and reconciling payroll expense for correctness
    • Accountable for all the balance sheet account reconciliations for Safaricom and its subsidiaries
    • Perform any other duty as assigned by the reporting authority.

    Skills required

    • A graduate with a degree in a financial field
    • Recognized accounting qualification (CPA (K), ACCA, etc.) and a member of a professional body
    • Relevant post-graduate education is an added advantage
    • Have at least 6 years’ experience in Finance, 2 years of which must be at supervisory level
    • Previous experience working in reporting function necessary
    • In depth knowledge and experience to provide strong financial decision support to the business.
    • Able to take a holistic view of the business with a financial focus
    • Understands financial data to provide value-added insight
    • Up to date knowledge of best practice in accounting processes and accounting systems
    • Team management skills
    • Highly developed interpersonal and communication skills
    • High level experience and skills working with stakeholders

    Technical Competencies:

    • Strong, proven accounting acumen
    • Experience in financial systems (knowledge of Oracle E Business Suite and Hyperion)
    • Thorough understanding of the International Financial Reporting Standards (IFRS)
    • Good knowledge in excel and other analytic tools such as Power BI, Qlik Sense
    • Familiarity with database querying languages such as SQL or Python
    • Ability to examine and interpret financial data

    Method of Application

    Interested and qualified? Go to Safaricom Kenya on to apply

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