Senior Manager: MPESA Finance
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)