Senior Accountant; Fixed Assets


We are pleased to announce the following vacancy in the Finance Operations department – Fixed Assets & Inventory section within the Finance Division.   In keeping with our current business needs, we are looking for a person who meets the criteria indicated below.

Reporting to the Senior Manager – Fixed Assets & Inventory the position holder will manage the company owned and leased assets both tangible and intangible)

Key Responsibilities:

To reconcile fixed assets register to the general ledger on a monthly basis breaking down major categories of assets into cost, depreciation and net book value
Before month end, liaise with technology division to ensure that all assets put in use in the month especially network infrastructure elements are accounted for under additions for the month by quantity and value
Analyze additions from AP ledger and classify them into main asset categories on a monthly basis. Maintain proper trail of supporting documents for additions to fixed assets
Review POS on a monthly basis to ensure that any commitments made in respect to assets which have not yet been invoiced are accounted for in the correct accounting period especially items relating to CWIP
Review disposals on a monthly basis and ensure the same are in line with company policy and fully analyzed and properly accounted for including retirement of assets from the register
Compute monthly depreciation per asset and per group of assets and ensure that it is properly accounted for. Perform a global check for depreciation charge per assets category to ensure reasonableness
Prepare schedules required for tax computation purposes as and when required to ensure that proper and maximum possible capital allowances are claimed periodically. Liaise fully with taxation section
Justify any adjustments to fixed assets with proper analysis of the impact it has on depreciation.
Analyze capital work in progress into the specific sites to which they relate to and tie the same to specific purchase orders.
Age the CWIP on a monthly basis based on the issuance report to ensure that no items remain therein for more than 6 months

Business related bachelor’s degree from a recognized university;
Qualified accountant with CPA (K)/ACCA/CIMA/ACA is a must;
3-5 years post qualification experience in finance with specialization in one or two areas of financial accounting i.e., fixed assets, stock accounting, sub-ledger accounting, statutory reporting;
Proficiency in data analytics and visualization tools such as Power BI, Qlik etc
Demonstrate competence in dashboards creation
Experience in digital process automations
A strategic thinker; shaping processes, people and systems
Ability to quickly identify risks and capture accounting implications
Hands on experience working with accounting Systems e.g. Oracle, Hyperion, Sap, etc
Strong analytical skills and a keen attention to details;
Self-driven, results oriented, proactive and an ability to work without supervision


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About Safaricom Kenya

Safaricom is a leading communications company in Kenya with the widest and strongest coverage. The home of the famous Mobile Money service- M-PESA