Acquire to Retire Analyst at Safaricom Kenya
Overview
We are pleased to announce the following vacancy for Acquire to Retire Analyst within Finance Shared Services in the Finance and Innovation Cluster. In keeping with our current business needs, we are looking for a person who meets the criteria indicated below.
Role
Reporting to the Acquire to Retire Team Lead , the analyst will be responsible for accurate and timely accounting for tangible and intangible assets and maintaining proper records that will facilitate accurate and up to date tracking of all the company assets. They are also responsible for reconciliation of inventory accounts, accurate stock valuation, ageing of inventories, preparation of inventory accounts schedules, Stock take and stock planning.
About The Company
Safaricom is the leading technology company in East Africa. Our purpose is to transform lives by connecting people to people, people to opportunities and people to information. We keep over 60 million customers connected across Kenya and Ethiopia, and play a critical role in the society, supporting over 1.13 million jobs both directly and indirectly while our total economic value was estimated at KES 1.1 trillion ($ 8.5 billion) for the 12 months through March 2025.
Listed on the Nairobi Securities Exchange and with annual revenues of close to KES 388 billion as at March 2025, Safaricom provides connectivity through wide range of technology. Our 2G, 3G, 4G and 5G network in aggregate covers over 99% of Kenya’s population.
We run the world’s largest mobile payment system and Africa’s largest Fintech, M-PESA, the world’s first mobile money transfer system. By empowering millions of customers to transact, save or borrow money through their mobile phone, M-PESA has driven financial inclusion in Kenya to 84.8% of the adult population in 2024, from a low of 26.7% in 2006, and generated over KES 161 billion in revenue as at FY25.
Our subsidiary, Safaricom Telecommunications Ethiopia, has deployed world class network and services to contribute to Ethiopia’s digital transformation.
Safaricom is an equal opportunity employer, actively recruiting staff from different backgrounds reflecting the communities that we serve. We are committed to equal gender representation at all levels.
As part of our ongoing commitment to the Sustainable Development Goals (SDGs), we continue to work towards improving energy and resource efficiency in our network and facilities to reduce carbon emissions and our fuel consumption. We remain committed to becoming a Net Zero carbon-emitting company by 2050.
Responsibilities
• Monthly and accurate fully analyzed asset schedules per category of assets broken down into cost, additions, adjustments, disposals, depreciation, and net book value.
• Accurate reconciliations between assets account movements in the purchase ledger with a clean trail of supporting documentation.
• Nil adjustments arising from implementation due to assets put into use not yet capitalized.
• Nil adjustments for assets in CWIP which are in use but have not yet been capitalized.
• Full and accurate analysis of disposals and accurate posting to Oracle.
• Nil adjustments on depreciation charged to P&L due to erroneous computations.
• Nil exceptions on review of assets on ground as per the tag numbers to assets in the fixed assets register.
• Physical verification report at least once in every 2 years.
• Reconciliation of assets in the fixed assets register with general ledger balances and Hyperion reporting requirements.
• Complete and accurate analysis of assets adjustments and a proper computation of depreciation related to the adjustments monthly by 1st working day.
• Complete and accurate analysis of CWIP for all categories, including a justification for any items outstanding in the CWIP account for more than six months.
• Accurate list of decommissioned sites, broken down into cost, accumulated depreciation, and net book value
• Monthly and accurate inventory valuation, Inventory holding report, cost of sales schedules, retention costs schedules and provisions for obsolescence.
• Submit accurate daily movement report in stock ledger synchronizing purchase ledger and sales ledger movements.
• Accurate weekly report on stock valuation report on all warehouses and adjustments proposal to align sub inventory weighted average costings to the latest weighted average cost.
• Physical verification report at least twice annually.
• Nil transactions processed through general ledger for stock transactions.
Health & Safety
• Uphold the company code of conduct, policies and procedures, ensuring integrity and accountability in every aspect of your work
• All employees have a responsibility to adhere to safety, health, and wellbeing policies.
Functional Competencies:
Planning and Control
• Analyses performance trends to determine the health of the business.
• Steers business performance by using strategy and external data to help set goals.
• Translates strategies into actionable plans that add value via process and operational improvements
• Maintains controls within Financial Systems through setup control and master data management.
Accounting
• Prepares, analyses, and summarizes financial data to support business operations and delivery statutory information.
• Ensures the integrity of processes and systems to record and authorize transactions in compliance with Safaricom accounting policies and regulation.
Reporting
• Delivers timely and accurate reports to satisfy statutory and business requirements.
• Identifies key performance and variances and provides recommendations.
• Delivers reports to satisfy statutory and business requirements.
• Combines expertise and commercial awareness to deliver value added solutions.
Financial Responsibility
• Compiling accurate financial information regarding all the inventory items in the business
• Monitoring the timely recognition of Cost of Sales and inventory holding in the financial Accounts
• Computing and reporting accurately the costs, provisions and inventory ageing in the P&L and the balance sheet. Provide information for insurance purposes from the financial records
Requirements
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Business related bachelor’s degree from a recognized university.
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Qualified accountant with CPA (K)/ACCA/CIMA/ACA is a must.
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2-3 years post qualification experience in finance with specialization in one or two areas of financial accounting i.e., fixed assets, Inventory accounting, sub-ledger accounting, statutory reporting.
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Proficiency in data analytics and visualization tools such as Excel, Power BI, Qlik etc.
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Sound knowledge of the International Financial Reporting Standards and their application.
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Ability to relate well with both internal and external customers and work in teams
How to Apply.
If you feel that you are up to the challenge and possess the necessary qualification and experience, kindly proceed to create/ update your candidate profile on the recruitment portal, fill in your necessary work experiences and then Click on the apply button. Remember to attach your resume.
