Safaricom Acquire to Retire Team Lead Jobs in Kenya

Safaricom Acquire to Retire Team Lead Jobs in Kenya

Description

We are pleased to announce the following vacancy for Acquire to Retire 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 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

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.

How to Apply

For more information and job application details, see; Safaricom Acquire to Retire Team Lead Jobs in Kenya

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