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  • Posted: Feb 7, 2023
    Deadline: Feb 14, 2023
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    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

     

    Operational Excellence Analyst

    Brief Description

    Reporting to the Manager – Operational Excellence, the position holder will be responsible for reporting on the performance on all the defined operational processes for Technology Departments and driving process compliance through engagements with the respective service owners.

    Responsibilities

    • Engage the respective service owners to ensure excellence in operations and service delivery.
    • Prepare daily, weekly and monthly reports on the various domains as per the defined process categories and KPIs.
    • Ensure information is collected from the correct data sources.
    • Track compliance action items on BCP, Backup, Version management, SLM, Availability Management and Knowledge Management
    • Review and automate reports/dashboards through own initiative or based on user requirements.
    • Interact with service owners on initiatives for continuous service improvement.
    • Document the Operational Excellence work instructions, policy and processes.
    • Design report layouts to achieve simplicity and visualization for the captured requirements.
    • Ensure that customer SLA's exist and are kept up to date.
    • Ensure proper SLA's are configured on the service management suite.
    • Report to the various internal customers on technology service delivery.
    • Conduct customer satisfaction surveys for the internal customers.

    Qualifications

    • Degree in IT or Computer Science or Telecommunications or Technical Related Field;
    • Experience in Data Analytics
    • Experience in SQL, Python scripting and Power BI
    • Experience in Process Governance especially using ITIL Framework.
    • Agile and Scrum certified
    • Attention to details and analytical thinking.
    • Excellent communication, presentation and interpersonal skills
    • Certifications – ITIL Foundation; CCNA; ITIL Intermediate courses and Data Analytics are an added advantage.

    go to method of application »

    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

    go to method of application »

    Acquire to Retire Team Lead

    Reporting to the Finance Shared Services Lead, the role holder will lead the Acquire to retire team in ensuring proper accounting and management of fixed assets and inventory is done. This is through review of accounts, overseeing reconciliations and controlling risks. The role holder will also manage the company owned and leased assets both tangible and intangible). They also oversee the preparation of monthly management reports and are involved in the working capital management as well as cost saving initiatives through inventory analytics to derive trends and insights from past activity and future forecasts. The holder of the position also handles the internal and external auditors’ questions in relation to fixed assets and inventory accounting and ensures that issues raised are addressed within agreed timelines.

    Key Responsibilities

    • Ensures the reconciliation of fixed assets, register to the general ledger monthly breaking down major categories of assets into cost, depreciation, and net book value
    • Before month end, liaise with technology division to ensure that all assets put in use in the month especially network infrastructure elements are accounted for under additions for the month by quantity and value
    • Ensure analysis of additions from Accounts Payable ledger and classify them into main asset categories monthly. Maintain proper trail of supporting documents for additions to fixed assets
    • Ensure review of the Purchase Orders monthly to ensure that any commitments made in respect to assets which have not yet been invoiced are accounted for in the correct accounting period especially items relating to CWIP
    • Review and approve disposals on a need basis and ensure the same are in line with company policy and fully analyzed and properly accounted for including retirement of assets from the register
    • Ensure accurate Computation of monthly depreciation per asset and per group of assets and ensure that it is properly accounted for. Perform a global check for depreciation charge per assets category to ensure reasonableness
    • Review and approve schedules required for tax computation purposes as and when required to ensure that proper and maximum possible capital allowances are claimed periodically. Liaise fully with taxation section
    • Justify any adjustments to fixed assets with proper analysis of the impact it has on depreciation.
    • Ensure the ageing of CWIP monthly based on the issuance report to ensure that no items remain therein for more than 6 months
    • Ensure P$L and balance commentaries are done within stipulated timelines, identifies key performance variances, and provides recommendations and insights on the same.
    • Liaise with the technology, Business partnering, supply chain and other relevant stakeholders for projects capitalization.
    • Manages the delivery of timely and accurate reports to satisfy statutory and business requirements 
    • Ensures the integrity of processes and systems to record transactions in compliance with accounting policies and statutory regulation
    • Manage the audit queries and ensure closure of the same within the stipulated timelines
    • Assessing relevance of procedures and policies on the section operations against applicable international accounting standards and Vodafone guidelines and recommending updates there from
    • Ensure implementation of approved inventory procedures and policies in line with the international accounting standards and Vodafone guidelines
    • Ensure Preparation of devices margin analysis and recommending action points based on performance of each device to ensure that the business achieves target EBITDA.
    • Ensuring all stocks purchased by the business are properly recognized and valued for inclusion in the financial ledgers in accordance with the Vodafone Accounting policies and International Accounting standards.
    • Ensuring computation of the correct Cost of sales and matched to revenues generated in defined periods
    • Ensuring accurate values for reporting in the Balance sheet are provided monthly through performing analytics on various streams of business that relate to inventory to confirm accuracy and consistency.
    • Overseeing regular physical verification of the stocks to compare quantities and values against the inventory records and ledger amounts and ensure variance reports to explain differences between expected and physically available are prepared and approved
    • Ensuring The list of obsolete and slow-moving stock items is availed monthly for provisioning or write-off as per the inventory policy
    • Ensuring Accurate values for insurance purpose are provided when required
    • Ensure the preparation of inventory reports to support working capital management by undertaking inventory analytics necessary in decision making
    • Review of inventory accounts to ensure that they have been prepared according to all applicable international standards.
    • Assessing inventory risks and recommending changes to areas of exposure and implementing agreed internal controls to ensure completeness in reporting.
    • Ensure all policies and processes adhere to the Control Framework, embed a strong Financial Control environment, applying a risk-based approach
    • End to end process documentation, KPIs, and dashboards (daily, weekly, and monthly) for the leadership team reviews
    • Planning, scheduling and supervision of quarterly, half yearly (for Capex stocks) and surprise stock-takes
    • Overseeing the opening and closing of inventory periods
    • To engage other departments in setting, reviewing, and enforcing agreed inventory internal controls procedures and policies including planning and facilitating in-house workshops for all teams requiring inventory finance exposure.
    • To engage all third-party agents contracted by Safaricom in the management of inventory by ensuring accurate and up to date inventory records are kept. Managing all financial aspects relating to inventory held in third party location including recommending charging for any loses or unaccounted for stocks
    • Drive the digital agenda for Acquire to Retire by supporting the automation of A2R processes for efficiency

    QUALIFICATIONS

    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 Fixed Asset and Inventory 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
    • High analytical skills and proficient in Oracle, Microsoft applications and other analytical tools
    • Takes account of financial impact of actions, makes the best use of resources, meets deadlines, manages own time effectively
    • Identifies practical solutions to problems
    • Chooses the most appropriate way of communicating in style and content.

    go to method of application »

    Manager -Group Compliance, Subsidiary Governance and Control

    Reporting to the Senior Manager, Enterprise Risk, the role holder will be responsible for establishing and sustaining the Financial Reporting Controls Framework (FRCF) for the IFRS financial statements, statutory and tax reporting within the Group and its subsidiaries. The position holder will design, develop, and coordinate the implementation of governance policies, FRCF methodology, preparation and documentation of financial controls processes, System based risk assessments, review, design and monitor implementation of all business controls aligning them to the various linkage to the financial statements accounts, plan and complete continuous instituted control tests (both internally and periodically by independent parties), and evaluating, reporting and resolving control deficiencies to ensure the design adequacy and operating effectiveness for financial statutory reporting.

    Primary Accountabilities and Responsibilities:

    • Assess, design, implement, and monitor a robust Financial Reporting Controls Framework (FRCF), governance and methodology. The design should incorporate key considerations into the FRCF, including mapping accountabilities across all entities within the group for all internal controls against the financial statements of each company.
    • Identify, assess, document, and monitor business processes (including financial information systems) that affect the Group’s financial reporting, including the use of process narratives & flowcharts, risk and control matrices, policy documentations and ensure archiving in line with the ISO certification requirements.
    • Review and develop Group policies for controls and control objectives for core financial reporting processes. Drive group statutory compliance across all the entities as laid out by the Board and Management with strict adherence to the accounting and governance policies for the Group and in the formats prescribed.
    • Work with business process owners to scope, design, and implement financial reporting controls to address the key risks whilst ensuring design effectiveness and operating effectiveness of these controls to mitigate risks of material misstatement of financial statements.
    • Undertake risk assessment, evaluate, and determine material items to the financial statements and design appropriate controls to mitigate the risk of material misstatement to the group’s and subsidiaries financial statements. Design tolerance thresholds and risk ratings to apply in Group financial and statutory reporting, including documentation.
    • Develop and implement the controls testing process, including conducting reviews and testing of financial reporting controls compliance by process owners along with monitoring and overseeing the remediation of deficiencies identified. The holder will also define the controls governance and compliance requirements including attestations and certifications across all the Group entities to be adopted for the IFRS financial statements, statutory and tax reporting for the Group and its subsidiaries.
    • Develop and deliver training and training materials for business process owners on a regular basis to build knowledge and understanding of risks and controls in the Group.
    • Prepare and manage the ongoing quarterly and annual reporting process to the senior management and the BARC, assessing the effectiveness of the implementation of the FRCF in accordance with group’s guidelines and policies.
    • Perform evaluation on a regular basis (at a minimum quarterly) on any change in the group's internal control over financial reporting that occurred and that has materially affected, or is reasonably likely to materially affect, the group's internal control over financial reporting.
    • Maintain evidential matter, including documentation, to provide reasonable support for the ongoing group’s assessment of its FRFC framework.
    • Standardise and seek to automate controls across the Group. Ensure controls are designed effectively and uniformly, where appropriate automate to effectively use the financial information systems. Use innovation to enhance and continuously improve the design and effectiveness of controls, including assessment, testing and documentation of the embedded controls.
    • Coordinate with internal and external auditors to ensure the operating effectiveness of financial reporting controls is tested, and any identified gaps are remediated within agreed timelines.
    • Provide ad hoc reports and status on above responsibilities and assist with risk management activities and reporting in conjunction with the Corporate Risk team.
    • Manage strategic projects and communicate with different cultures and levels within the Group. Work on projects/initiatives as assigned closely with stakeholders across functions in a fast-paced environment, - able to provide solution to issues on the go.
    • Ensure effective communication and consultation processes in order to build staff engagement with corporate compliance and risk initiatives.
    • Stay current on best practices and latest thinking regarding processes, risk management and controls to ensure that the Group entities comply with International Financial Reporting Standards (IFRS), Companies Act, CMA and Listing requirements and any other regulation in country and outside the country in the larger Vodafone group environment
    • Develop, implement, and monitor implementation of related party governance policies including operating effectiveness of controls on transactions, recharges and contractual arrangements and prepare compliance reports regularly.
    • Ensure all subsidiary companies have compiled and submitted certifications confirming their compliance with all implemented financial controls within the prescribed timelines. Perform root cause analysis of any non-compliant and unsatisfactory submissions and develop an improvement plan to remediate the identified issues.

    QUALIFICATIONS

    • Bachelor’s degree in accounting or finance
    • Possess exceptional written and verbal communication skills, including ability to articulate recommendations in a concise and timely manner
    • CPA (k), ACCA or equivalent Professional qualification. A risk, controls and Governance certification will be an added advantage.
    • 5+ years of progressive experience in technical accounting and advisory services in a relevant field.
    • Experience in the audit and accounting environments- Preferably in any of the  Big 4 Audit firms will be an added advantage
    • Professional skepticism, curiosity and desire to understand how the business works, with ability to tie together business processes and technical accounting documentation Intrinsically motivated by attention to detail and quality of work Experience in technical research for multiple IFRS and GAAP standards, as well as with documentation of business processes and technical memos
    • Ability to understand and apply Kenyan and other international laws, regulations, and compliance requirements and application of IFRS guidelines in multiple jurisdictions
    • Experience in financial infrastructure and technology industry
    • Exceptional work ethic able to handle multiple tasks and maintain control and order over the same Preferred Requirements
    • Conscientious about timeliness of assignments and quality of work product
    • Assertive, clear, and professional on verbal and written communications
    • Strong interpersonal, collaborative & conflict resolution skills.
    • Ability to effectively design and present information to senior management.
    • Ability to define problems, collect data, establish facts and draw conclusions
    • Agility and ability to work effectively both as part of a team and independently.

    Method of Application

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