Role purpose:
• Responsible for overseeing the financial operations and trust funds management to ensure the company's financial health and scalability in a fast-paced, tech-driven environment and to support M-Pesa entity leadership team deliver on the company mandate.
Key responsibilities
• M-PESA Float management ensuring timelines and accuracy to meet business commitments
• Ensure timely Trust accounts reconciliation & other relevant controls to safeguarded trust funds.
• Ensuring timely and correct commission payment and reporting
• IMT partner management and timely issue resolution
• Timely NBE submission & reporting to ensure fully regulatory compliance.
• Management of Trust Bank relations, correspondences & Business support across various functions.
• Internal tills management & correct accounting for the same
• Continuous system checks and evaluation to ensure relevant controls to safeguard customer funds.
• M-Pesa suppliers management ensuring timely Reconciliation and settlement
• Ensure relevant policies & controls are in place to support payment of internal & staff requests
• Working with STEP treasury team develop applicable funding model for M-PESA
• Ensure timely & sufficient funding for M-Pesa entity to help meet its obligations
• Operational bank accounts management to safeguard company funds
• Accounting for Fixed assets including capitalization & depreciation of all assets
Core competencies and knowledge
• Deep understanding and a blend of both finance & financial services (mobile money services will be an added advantage)
• Demonstratable strong understanding of accounting standard and its application.
• Good understanding of mobile money system, controls and safeguards.
• Excellent stakeholder’s management skills.
• Good communication skills.
• Ability to quickly identify risks and capture accounting & system implications.
• Hands on experience working with accounting systems e.g., Oracle, Hyperion, SAP, etc.
• Proficiency in data analytics and visualization tools.
• Experience and strong understanding of internal finance controls.
• Self-driven, results oriented, proactive and an ability to influence to deliver results.
Operational Excellence
• Targets effort and resources on high-value, high impact activity
• M-Pesa entity month-end reporting management ensuring timeliness, accuracy & correctness of the numbers reported
• M-PESA entity general ledger management
• Management and support of all external & internal audits ensuring support & conclusion of any matter raised
• Intercompany transaction management, ensuring they are at an arm’s length and fully reported.
• Liaising with the group tax team ensure Optimal tax management for M-PESA entity
• M-Pesa finance team onboarding & training ensuring optimal delivery of the company objectives
• Employee management, ensuring reviews, feedback and support of the M-PESA finance team
• ensure efficient resources utilization and value for money to the M-PESA entity.
• Being the subject matter expert on M-PESA guide the M-PESA team on relevant finance controls and processes to be implemented
Key performance indicators:
• Accurate, timely and error-free processing of float application and withdrawal batches.
• Timely submission of Trust accounts reconciliations with no variance(s).
• Timely & conclusive feedback to agents, merchants and the 3rd party partners within the 12 hours of being raised.
• Timely prefunding of the internal tills to ensure zero declined transactions or escalations.
• Focuses on achieving maximum performance and driving continuous improvement
• Thinks about processes and problems cross-functionally and end-to-end
• Uses knowledge of products, technology, process, systems and policy to solve problems
Creativity and Innovation
• Finds creative ways to exploit opportunities and solve problems
• Takes risks and pushes what is possible
• Experiments with unorthodox approaches
Business Know how
• Uses data and research to make decisions that are competitively and financially robust
• Balances current and future needs
• Thinks and acts like an owner of the business
• Acts in line with legal, regulatory, professional and ethical standards
Working with Change
• Responds flexibly to changing situations
• Manages the business and people aspects of change to drive performance
Project and Program Management
• Defines scope and deliverables in terms of time, cost, quality and business benefit
• Schedules activity and identifies resource needs, dependencies and synergies
• Evaluates progress, mitigates risks and addresses issues
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
Treasury
• Develops and advises on funding strategies for the business
Tax
• Applies appropriate treasury processes to maintain financial liquidity
• Delivers filings/reports to satisfy statutory and business requirements Combines
expertise and commercial awareness to deliver value added solutions
Education & Experience:
• Business/IT related degree from a recognized university.
• Qualified Accountant with CPA (K)/ACCA/CIMA/ACA.
• 5 – 8 years post qualification experience in financial services with specialization an area of mobile money.
• A strategic thinker, innovative, shaping processes, people, and systems.
• Innovative person proven in simplification, digitalization and automation of process & task.
Direct reports:
• Manager: MPESA finance
Dotted reports:
• Senior Accountants: MPESA Finance Operations (3)
ow To Apply
If you feel that you are up to the challenge and possess the necessary qualification and experience, kindly proceed to update your candidate profile on the career portal and then Click on the apply button. Remember to attach your resume.
The closing date for receiving applications is Wednesday, 25th June 2025, 5:30 pm.