Record to Report Intercompany Analyst

ABOUT THE COMPANY

Safaricom, Ltd is a leading mobile network operator in Kenya. It was formed in 1997 as a fully owned subsidiary of Telkom Kenya. In May 2000, Vodafone Group Plc of the United Kingdom acquired a 40% stake and management responsibility for the company. Safaricom employs over 1,500 people mainly stationed in Nairobi and other big cities like Mombasa, Kisumu, Nakuru and Eldoret in which it manages retail outlets. Currently, it has nationwide dealerships to ensure customers across the country have access to its products and services.

JOB SUMMARY

Reporting to the Record to Report Team Lead, the Intercompany Analyst is a key member of the finance shared services team responsible for managing intercompany accounting activities across multiple entities and jurisdictions within a global organization. This role requires a deep understanding of international accounting principles, intercompany transactions, and consolidation processes to ensure accurate financial reporting and compliance with regulatory requirements.Qualifications5+ years of progressive experience in accounting, with a focus on intercompany accounting and global operations.Strong understanding of international accounting standards (e.g., IFRS) and transfer pricing principles.Experience with consolidation software (e.g., Hyperion) and ERP systems (e.g., Oracle).Excellent analytical skills and attention to detail, with the ability to analyze complex financial data and identify trends, variances, and discrepancies.Effective communication and collaboration skills, with the ability to interact with stakeholders at all levels of the organization across different cultures and time zones.Proven ability to manage multiple priorities and meet deadlines in a dynamic, fast-paced environment.Strong problem-solving skills and a proactive approach to identifying and resolving issues.

RESPONSIBILITIES

 Intercompany ReconciliationLead the reconciliation process for intercompany balances among entities located in different countries, ensuring alignment with transfer pricing agreements and compliance with local regulations.Regularly share AP and AR intercompany statements with the counter affiliates and follow up on missing information or request from other affiliates.Review Intercompany mismatches and ensure no mismatch amongst the intercompany affiliates.Transaction ProcessingOversee the recording and processing of complex intercompany transactions, including intercompany loans, royalties, transfers of goods and services, and intercompany billing, while adhering to accounting standards and company policies.Raise all recharge invoices and share with affiliates before IC cut-off datePerform the receiving, requesting, and posting of all Intercompany AP invoicesEnsure all monthly checklists are performed and adhered to including month end closing and internal control proceduresProcessing of intercompany payment entries through the FSS treasury teamProcess intercompany payments in co-ordination with the FSS B payment teamFollow up on Intercompany debtors for invoice settlementsConsolidation SupportAssist in the consolidation of financial statements by providing accurate intercompany elimination entries and ensuring consistency and accuracy across reporting entities.Transfer Pricing ComplianceCollaborate with transfer pricing specialists to ensure intercompany transactions are conducted at arm's length and in accordance with transfer pricing policies and regulations.Documentation and ComplianceMaintain comprehensive documentation of intercompany agreements, policies, and transactions to support internal controls and compliance with tax laws and regulations in various jurisdictions.Work with appropriate accounting contact persons for intercompany affiliates to ensure completeness of information related to intercompany transactions.Process OptimizationIdentify opportunities to streamline intercompany accounting processes, enhance efficiency, and mitigate risks through automation, standardization, and best practices.Cross-functional CollaborationWork closely with finance, tax, legal, and operational teams globally to address intercompany issues, resolve discrepancies, and support business initiatives and transactions.Audit SupportPrepare schedules, reports, and documentation for internal and external audits related to intercompany transactions, ensuring timely completion and compliance with audit requirements. Health & SafetyUphold the company code of conduct, policies and procedures, ensuring integrity and accountability in every aspect of your workAll employees have a responsibility to adhere to safety, health, and wellbeing policies.

REQUIRED SKILLS

Accounting, Financial reporting, Financial controlling, Analytics, Budgeting, financial planning

REQUIRED EDUCATION

Diploma, Associate's degree