Principal Officer Job At Safaricom In Kenya

Principal Officer Job At Safaricom In Kenya
Principal Officer – Capital Projects
Location: Nairobi,KE
Organization Name: Business Planning & Commercial Support
We are pleased to announce the following vacancy in the Decision Support Department within the Finance Division. In keeping with our current business needs, we are looking for a person who meets the criteria indicated below.
Job Purpose

• Reporting to the Senior Manager – Decision Support, the job holder will be responsible for ensuring proper management of the Company’s capital projects costs, in line with the approved budget plan. This position also Monitors and reports on the Network Operating Costs.

Principal Officer Job Responsibilities In Kenya

• Provide and present Monthly depreciation and additions variance analysis to the Senior Manager – Decision support, and the HOD, Business Planning and Commercial Support;
• Review of Capital Projects being undertaken, in liaison with the user departments, with an aim of assessing the impact of specific projects on the overall Company Budget plan;
• Update the Capex budgets in Oracle as may be required by the departmental budget holders;
• Load all Capex budgets into Oracle on a timely basis after necessary approvals;
• Provide Projections on expected additions at year end, with recommendations to ensure department Capex budget target is met;
• Review all Capex Business case to ensure completeness and provide input on investment returns;
• Prepare and share quarterly reports on spend and capex balance to user departments;
• Carry out quarterly reviews of on-going projects performance;
• Prepare a Monthly monitoring dashboard for warehouse equipment and present to Senior Manager Decision;
• Liaise with stakeholders to obtain tentative completion dates for projects in CWIP, so as to verify the accuracy of WIP and advice the Treasury Team for hedging purposes;
• Monitor monthly reporting on overhead capitalization costs and ensure accurate capitalization to projects;
• Conduct variance analysis between actual and forecasted monthly Nopex;
• Support internal customers with all Network elements and costs information as required;
• Preparing Capex and Nopex budgeting and re-forecasts in line with submission deadlines; and
• Preparation of additions, Depreciation and capex cash flow forecasts for updating the budget plans.

Requirements For Principal Officer Jobs In Kenya

Key Qualifying criteria

• A Bachelor’s degree in the financial field or equivalent from recognized university;
• A qualified accountant with CPA (K)/ACCA/CIMA/ACA is a must;
• 4-6 years Accounting experience in an international or well-run company;
• Understanding of how to prepare periodic budgets and forecasts;
• Understanding of how to monitor and explain trends and variances;
• Understanding of the International Financial Reporting Standards and their application; and
• Working with a computerized accounting system preferably with Oracle applications.

Competencies 

• Ability to relate well with both internal and external customers and work in teams;
• Ability to train others and enhance their skills and competencies;
• Ability to work without supervision and keen to details; and
• Ability to work under pressure within strict deadlines.

Click HERE to apply online