Manager Finance Business Partner- CBU& SnD Full Time

Role purpose:

Reporting to the EHOD Finance business partner Commercial; Finance Business Partnering manager is key to ensure the business captures in a timely and intelligent manner, key cost drivers relating to revenue, capital expenditure and operational expenses for respective divisions.

Key accountabilities and decision ownership: 

• Powering business performance by delivering data-driven, insightful, timely, and value-added inputs on products and services. Integrating efficient systems and processes to ensure profitable pricing, winning partnerships, and investments with customers’ value as the key objective.
• To 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.
• To act as the liaison for all financial matters as they relate to but not limited to participation in procurement, working capital matters and financial business case development within the respective divisions.
•  To support consumer Business, unite during Periodical Business Planning cycle ensuring that the division develop relevant Objective and Key results that drive overall company mission.
• To Drive simplification of Finance processes to support an Agile organization.
• To support in data and analytics that provide key insights into business performance and support decision making.
• Keeps track of revenue performance and can articulate on key revenue drivers and risks to revenue performance.
• Uses data and analytics to review commercial performance for the commercial divisions and units and support decision making.
• Drive and fully participate in the setting and budgeting of overheads and CAPEX during the various budgeting cycles.
• Ensure cost drivers are updated regularly and communicated to the relevant stakeholders.
• Review of cost center reports for Consumer Division to ensure accuracy of entries made and reasonableness of any accruals and/or provisions included in the reports.
• 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 agile transformation.
• Monthly review of open Purchase Requisitions (PRs) and Purchase Orders (PO’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 promoting the Spirit of Agile.
• 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 processes and improved financial controls.
• Provide guidance to budget owners and drive budget adherence within the departments.
• Positively influence departmental performance through effective day-to-day operational and financial support
• Vouch all purchase requests for the division to ensure proper mapping of expenses and ascertain compliance to procurement policies.
•  Key accountabilities and decision ownership:
  • Powering business performance by delivering data-driven, insightful, timely, and value-added inputs on products and services. Integrating efficient systems and processes to ensure profitable pricing, winning partnerships, and investments with customers’ value as the key objective.
  • To 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.
  • To act as the liaison for all financial matters as they relate to but not limited to participation in procurement, working capital matters and financial business case development within the respective divisions.
  •  To support consumer Business, unite during Periodical Business Planning cycle ensuring that the division develop relevant Objective and Key results that drive overall company mission.
  • To Drive simplification of Finance processes to support an Agile organization.
  • To support in data and analytics that provide key insights into business performance and support decision making.
  • Keeps track of revenue performance and can articulate on key revenue drivers and risks to revenue performance.
  • Uses data and analytics to review commercial performance for the commercial divisions and units and support decision making.
  • Drive and fully participate in the setting and budgeting of overheads and CAPEX during the various budgeting cycles.
  • Ensure cost drivers are updated regularly and communicated to the relevant stakeholders.
  • Review of cost center reports for Consumer Division to ensure accuracy of entries made and reasonableness of any accruals and/or provisions included in the reports.
  • 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 agile transformation.
  • Monthly review of open Purchase Requisitions (PRs) and Purchase Orders (PO’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 promoting the Spirit of Agile.
  • 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 processes and improved financial controls.
  • Provide guidance to budget owners and drive budget adherence within the departments.
  • Positively influence departmental performance through effective day-to-day operational and financial support
  • Vouch all purchase requests for the division to ensure proper mapping of expenses and ascertain compliance to procurement policies. 

Core competencies, knowledge and experience:

Business Competencies:

·       Consciously takes steps to make the most of every conversation/interaction.

·       Identifies people’s needs, interests and motives to be able to influence the decisions they make.

·        Communicates simply to excite and engage people.

·       Pro-actively adapts own style and approach to build rapport, and work with others more effectively.

·       Builds and maintains strong relationships and networks.

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 Welcome to Safaricom Further Ahead Together

·       Maintains controls within Financial Systems through setup control and master data management.

Accounting

·       Prepares, analyses and summarizes financial data to support business operations and deliver statutory information.

·       Ensures the integrity of processes and systems to record and authorize transactions in compliance with Safaricom accounting policies and regulations.

Reporting

·       Delivers timely and accurate reports to satisfy statutory and business requirements.

·        Identifies key performance and variances and provides recommendations.

Must have technical / professional qualifications:

• A graduate with a degree in a financial field or closely related.
• 8 years’ experience in Finance
• Significant work experience in the telecommunications industry
• Able to develop and recommend financial operational policies and processes for the business.
• In depth knowledge and experience to provide strong financial decision support to the business.
• Able to take a holistic view of the business with a financial focus.
• Understands financial data to provide value-added insight.
• Up to date knowledge of best practice in accounting processes and accounting systems.
• Have strong business acumen and highly developed commercial experience.
• Experience in strategic decision making.
• Highly developed interpersonal and communication skills
• High level experience and skills working with stakeholders.

Desired

·       Experience in related function/department.

Financial Responsibility:

·       Responsible for approval of yearly revenue, direct cost and Opex Spend for the business.

·       Responsible for the Investment Board

·       Approval of budget transfers for all Opex expenditure

How 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.

Apply Link: https://safaricom.bamboohr.com/careers/455

The closing date for receiving applications is 11 February 2025, 5:30 pm.