Finance Business Partner Lead job at Safaricom Kenya
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321 Days Ago
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Vacancy title:
Finance Business Partner Lead

[ Type: FULL TIME , Industry: Information Technology , Category: Accounting & Finance ]

Jobs at:

Safaricom Kenya

Deadline of this Job:
16 April 2023  

Duty Station:
Within Kenya , Nairobi , East Africa

Summary
Date Posted: Tuesday, April 11, 2023 , Base Salary: Not Disclosed

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JOB DETAILS:

Reporting to the Tribe Lead, the role holder will ensure the business is able to capture in a timely and intelligent manner, key cost drivers relating to revenue, capital expenditure and operational expenses for respective divisions. He/she will participate in periodic budgeting and reporting cycles to ensure that divisional costs drivers are correctly reflected and captured in the reporting system to avoid subsequent delays to downstream processes or inefficiencies due to incorrect cost capture and reporting. They will also act as the liaison for all financial matters as they relate to but not limited to participation in procurement and working capital matters within the respective divisions.

Responsibilities;
• Drive and fully participate in the setting and budgeting of overheads and CAPEX during the various budgeting cycles (DB 2+10, 5+7, 9+3, & LRP).
• Continuously review cost processes done off the system that can be mapped to work on the system on a real time basis or on pre-defined SLAs.
• Ensure cost drivers are updated regularly and communicated to the relevant stakeholders.
• Review of cost center reports for the Finance and Corporate Affairs Divisions to ensure accuracy of entries made and reasonableness of any accruals and/or provisions included in the reports, after which a meeting should be held with the cost center manager to take him/her through the report and suggest remedial actions where applicable.
• Ensure Business Model Compliance and reinforce internal controls and company policy. Act as the main contact for finance on new business model initiatives related to operational issues.
• Monthly review of open Purchase Requisitions (PRs) and Local purchase orders (LPO’s) raised for the division to confirm status and report accordingly.
• Ensure receipting of goods and services within the ERP system is enforced on a timely and accurate basis to reduce the need for manual accruals via journals during reporting.
• Reduction of cost center overheads by enhancing efficiency and identifying cost saving opportunities within departments.
• Taking part in any key ERP trainings that are necessary for purposes of effective cost management in the system.
• Taking part in companywide cost saving and process improvement initiatives.
• Review of business cases for divisional projects before implementation and ensure that they are financially sound and aligned to the business strategy.
• Budget controlling and analysis during the budget cycles.
• Work cross functionally and contribute to a collaborative work spirit across the organization.
• Liaise with procurement to ensure all items to be requisitioned are scheduled and planned for, optimize available discounts, ensure controls and reduce duplications or repeat purchases.
• Continually identify processes that can be automated to create more effective cost capture process and improved financial controls.
• Provide guidance to budget owners and drive budget adherence within the departments.
• Positively influence Digifarm performance through effective day-to-day operational and financial support
• Vouch all purchase requests for Digifarm to ensure proper mapping of expenses and ascertain compliance to procurement policies.
• Perform ad-hoc analysis as may be requested from time to time by the Chief Financial Officer, the Director and Heads of Departments.

QUALIFICATIONS
• A graduate with a relevant honors degree from a recognized university.
• Recognised accounting and finance qualification (CPA (K), ACCA, CFA etc).
• Post-graduate degree in Business/Finance is an added advantage.
• Significant work experience in the telecommunications industry.
• 4-6 years exposure in an international or well-run company in corporate reporting for financial and management information.


Work Hours: 8


Experience in Months: 48

Level of Education:
Bachelor Degree

Job application procedure

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Job Info
Job Category: Accounting/ Finance jobs in Kenya
Job Type: Full-time
Deadline of this Job: 16 April 2023
Duty Station: Nairobi
Posted: 11-04-2023
No of Jobs: 1
Start Publishing: 11-04-2023
Stop Publishing (Put date of 2030): 11-04-2067
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