Safaricom Ethiopia is part of an international consortium that includes Vodafone Group, Safaricom PLC, Vodacom Group, Sumitomo Corporation—one of the largest global trading and business investment firms—and British International Investment (BII), the UK’s development finance institution and impact investor.
Position 1: Senior Accountant – Treasury & Cash Management
Qualifications & Experience:
- Qualified Accountant (CPA / ACCA / CIMA / ACA) and member of a recognized professional body, with a finance or related Honors degree from an accredited university.
- 3-5 years of experience in accounting and treasury within a reputable company.
- 1-2 years of senior-level experience in treasury operations, including managing multiple bank accounts and retail collection accounts, as well as handling bank reconciliations.
Key Responsibilities:
- Ensure compliance with all relevant treasury controls, policies, and procedures, with zero incidents of non-compliance.
- Guarantee that all funds received at retail locations are banked promptly, fully reconciled, and accounted for as per company policy.
- Achieve 100% accuracy for interest payable and receivable on the company’s cash balances.
- Complete auto bank reconciliations daily for all company accounts, reviewed and signed off by management no later than the 5th working day of the month.
- Ensure all payments are properly supported by documentation and authorized personnel.
- Oversee the annual payment system certification process to confirm payment controls are in place.
- Comply with board-approved payment mandates and delegation of authority for all transactions, including interbank and intercompany transfers.
- Manage daily cash concentration in accordance with treasury policy requirements.
- Implement centralized processes for managing bank fees, loans, and investments.
- Optimize banking platforms, payment systems, and bank accounts to improve efficiency and reduce platform usage.
- Enforce loan covenants in line with regulatory and lender requirements.
- Prepare and issue a 12-month rolling forecast report to management on a monthly basis.
- Submit weekly cash flow reports to the CFO and Financial Controller by Monday, comparing actual cash flow against forecasts.
- Provide monthly reports by the 2nd working day of each month, reviewing actual cash flow against forecasts for the current month, next quarter, and 12 months ahead.
- Ensure at least 90% of cash forecast data is sourced directly from Oracle in an integrated workflow.
- Monitor bank charges and ensure the company receives the most competitive rates across all transactions.
- Verify that manual instructions to partner banks are approved according to the company’s policies and delegation of authority.
Position 2: Manager – Cash Flow Planning & Management
Qualifications & Experience:
- Qualified Accountant (CPA / ACCA / CIMA / ACA) and member of a recognized professional body, with a finance or related Honors degree from an accredited university.
- 5-8 years of experience in accounting, finance, and treasury within a well-established organization.
- A minimum of 3 years of supervisory experience in preparing cash forecasts and analyzing cash flows.
- Proven experience in building and reviewing financial models to assess various financial strategies.
Financial Responsibilities:
- Prepare cash forecasts and monitor actual receipts and expenses against projections, delivering timely reports to management.
- Collaborate with the treasury team to ensure optimal daily utilization of available funds while minimizing costs.
- Advise on and develop effective funding strategies for the company.
Location: Addis Ababa, Ethiopia
How to Apply:
If you are up for the challenge and meet the required qualifications and experience, please update your candidate profile on the career portal and click the apply button. Don’t forget to attach your resume.
Application Deadline: Thursday, October 30, 2024.
