Manager – Foundations Finance

Safaricom PLC is a leading telecommunications company in Kenya, established in 1997, providing a wide range of communication services.

The Manager – Foundations Finance, reporting to the Senior Manager, is tasked with ensuring robust financial management for both Safaricom and M-PESA Foundations. This involves preparing accurate and timely financial reports for management, trustees, and stakeholders, alongside ensuring due diligence in financial management for all grantees throughout the project lifecycle. The role also encompasses providing accuracy and completeness in the management of contracts and grants, ensuring compliance with Foundation policies, and offering technical financial support to grantees as needed. A key aspect is ensuring the timely and accurate payment of suppliers, contractors, and grants.

1. Prepare and submit accurate financial reports for Foundation management, trustees, and Vodafone Foundation.
2. Ensure Foundation staff and partners are aware of financial policies and procedures.
3. Provide continuous feedback to improve financial management processes for the Foundation and its grants.
4. Develop and update commitment and disbursement schedules for approved projects based on Trustee Meeting outcomes.
5. Conduct financial analysis of funded projects, payment status, and forecasts, recommending appropriate fund management strategies.
6. Contribute to internal and external progress and financial reports.
7. Reconcile project accounts accurately before payments.
8. Advise on fund availability and details for cheque payments and transfers.
9. Complete monthly reconciliation of all Foundation accounts and sub-accounts between cash book and bank statements.
10. Liaise with banks regarding Foundation bank accounts.
11. Monitor and revise Foundation operational expenditure budgets, ensuring correct postings.
12. Prepare audit schedules and collaborate with internal and external auditors.
13. Provide input for project audit processes, review reports, and suggest solutions for audit issues.
14. Conduct thorough checks on all approved projects, including statutory requirements, before fund disbursement.
15. Draft grant agreements, ensuring adherence to special conditions.
16. Maintain a reporting schedule database with the M&E Officer to ensure timely partner reporting.
17. Review partner reports, provide feedback, and offer technical support.
18. Follow up with partners through calls or visits to resolve financial reporting concerns.
19. Analyze project reports to confirm progress before disbursing subsequent fund tranches.
20. Ensure timely disbursement of funds to partners and confirm receipt.
21. Collaborate with the Supply Chain department for equipment purchases.
22. Work with the Legal Department to address construction contract queries.

1. Must be a Qualified Accountant with CPA (K), ACCA, CIMA, ACA, or an equivalent certification.
2. Hold a Bachelor’s degree in a business-related field such as Commerce or Economics from a recognized university.
3. Possess at least five years of work experience in project accounting and reporting.
4. Proficient in using computerized accounting systems, preferably Oracle applications.
5. Demonstrate superior business understanding and the ability to leverage technology for problem-solving.
6. Strong skills in stakeholder and strategic partner acquisition.
7. Uphold high professional and ethical standards.
8. Be a strategic thinker with a strong analytical mind.
9. Exhibit customer obsession, fostering trust and making customer-centric decisions.
10. Possess a strong sense of purpose, inspiring teams and driving strategy.
11. Demonstrate innovation, fostering new ideas and learning from experiences.
12. Strong collaboration skills, promoting teamwork and an inclusive environment.