Senior Manager, Group Reporting at Safaricom Kenya

Brief Description

Reporting to the Director- Group Financial Controller, the position holder will manage the financial reporting requirements of the Group including consolidations, statutory reporting, and management of the interim and annual audit process

To ensure that the group processes, compiles and reports the monthly, interim and annual financial accounts and results to management and the Group on a timely basis and in compliance with company procedures and the accounting policies set by the Group and in the formats prescribed.

Responsibilities

• Evaluate efficiency and effectiveness of accounting processes, and implement process changes consistent with best practices
• Ensure full compliance with the Group accounting policy across all legal entities
• Develop, manage, and execute plans for implementation of new or updated accounting and reporting pronouncements
• Oversight of the periodic statutory financial reporting preparation, including disclosures for all Group entities
• Advise on the selection and adaption of relevant accounting policies and estimates
• Review of Group consolidations at various levels for statutory reporting purposes
• Manage the period close to ensure group reporting is smooth and there is nil post close adjustments.
• Planning and communicating the monthly, Interim and year-end reporting cycle ensuring reporting and filing targets are set and met on a timely manner
• Management of the group's financial reporting requirements to investors on a half-yearly and annual basis
• Maintain good working relationships with key investor Finance personnel to ensure requirements are understood and timelines are adhered to
• Management of the all audit process, including coordination with the audit teams (internal and external), managing deliverables and responding to queries
• Ensure implementation of the company processes & procedures in the preparation of the accounting information while incorporating the International Financial Accounting Standards
• Supervise and deliver the monthly preparation of the monthly group Trial Balance, General ledger and subsidiary ledgers accounts for the timely reporting of the Group Profit & Loss, Balance Sheet and Cash flow.
• Coordinate group submissions and certifications on a regular basis as per group, Vodafone and Vodacom requirements.
• Ensure compliance with all IFRS and IAS guidelines in local and group reporting including coordination of adoption of new IFRS and other accounting standards and interpretation thereof for proper accounting.
• Support the business units in products ideation development and implementation ensuring correct reporting of revenues and costs is achieved at all times.
• Monitor and Ensure cost center statements are prepared by the 2nd working day of the following month and any explanations or adjustments required are processed before WD3 of the month for accurate group reporting
• Monitor and ensure the preparation of the overheads and trend analysis to explain the monthly movements.
• Collate and report weekly through trend analysis for all cost lines including the cost drivers to ensure any unusual movements from month to month with insightful explanations to ensure accuracy of monthly reporting

QUALIFICATIONS

• Qualified Accountant with CPA (K)/ACCA/CIMA/ACA or equivalent with an Honors degree from a recognized university;
• 6-8 years accounting experience in an international company or senior manager experience in the big four audit firms
• At least 4 years management experience
• Preparation of statutory accounts for over a period of at least 3 years and hands on experience in Group consolidation

Closing date: 31 May 2022