Posting Country:  Congo, the Democratic Republic of the

Date Posted:  25 Jan 2025

Full Time / Part Time:  Full Time

Contract Type:  Permanent

At Vodacom, we’re working hard to build a better future. A more connected, inclusive and sustainable world. As a dynamic global community, it's our human spirit, together with technology, that empowers us to achieve this. 

We challenge and innovate in order to connect people, businesses, and communities across the world. Delighting our customers and earning their loyalty drive us, and we experiment, learn fast and get it done, together.

With us, you can be truly be yourself and belong, share inspiration, embrace new opportunities, thrive, and make a real difference. 

Role Purpose

The EHOD Mpesa will be a member of the FinOps leadership team managing the End-to-End financial Accounting processes of Mpesa company in a timely and accurate manner, in accordance with defined operating procedures, policies, Central bank regulations, VGIAP, compliance and business partner service level agreements.
The Role holder is responsible for ensuring accuracy and completeness of all M-PESA transactions, including proper authorization of money transfer transactions and provide internal consultancy for M-PESA finance requirements to all stakeholders.
 

Key accountabilities

1. Accounting and reporting of performance actuals 
•    Guarantee the completeness, accuracy and timeliness of all accounting actuals 
•    Ensure that P&L values can be tracked to internal and external reporting (e.g. cost centre reports, Group Reporting System) in line with IFRS, Local GAAP and Group Accounting Manual 
•    Ensure that Balance Sheet values are accurately recorded and reconciled periodically as defined in VGFOP 4 – Account Reconciliation 
•    Ensure the complete, accurate and timely accounting and processing for all sub-processes listed in the activities section 

2. Internal controls over financial reporting 
•    Ensure integrity and risk awareness – Ensure superior compliance to financial requirements/rules of authorities 
•    Ensures an effectively designed framework of internal controls over financial reporting is in place, based on defining standard and generic controls across each key Finance Operations/EVO process (e.g. Record to Report, Purchase to Pay, etc). 
•    Ensures execution of all standard controls and retention of audit evidence of the completed controls 
•    Ensures SOX requirements are satisfactorily met for all in-scope Finance Operation’s processes 

Treasury
•    M-PESA Risk reduction in-Review of M-PESA Trust Bank Accounts, operational and functional system requirements
•    Manage Float administration and reconciliations

3. Sign-off 
•    Finance Operations ensure a sign-off certification process is run at half-year and year-end over the reported results. This aligns with other sign-off requirements such as those stipulated by Group Finance or Regional Governance teams 
•    With regard to sign-off the Head of Finance Operations is responsible for: 
•    Sign-off Finance Operations SOX processes at entity level 
•    Balance Sheet completeness and quality 
•    Output of core Finance Operations processes 
•    Judgements and estimates made as part of month-end processes 
•    The Local Market Finance Director is responsible for 
•    Sign-off SOX at entity level (all processes – not just Finance Operations) 
•    Overall Balance Sheet completeness and quality 
•    Output of all local market financial processes (including FP&A, FDS, etc) 
•    Judgements/overlays made at Finance Director level 
•    Overall oversight of total Local Market balance-sheet 
•    Given the position of Finance Operations within the total Local Market Finance team, Finance Operations may take a coordination role with respect to collation and summary of all Local Market sign-off material 
 

Other accountabilities

•    Ensure Compliance to the Central bank regulations for Financial institutions
•    Provide finance systems strategy and governance 
•    Provide master data management for all financial objects 
•    Provide end-to-end global process governance and ownership 
•    Steer and control the Vodafone FSSC with dedicated KPIs. Formal governance and routes for escalation for issues and queries 
•    Lead Finance Transformation to deliver world-class transaction processing, harmonised and centralised wherever possible 
•    Review and assist in delivering budget and RF requirements
•    Margin improvement plans
•    Board documents and other statutory/regulatory submissions
•    Follow up of all audit actions
•    Tax planning together with centralized tax team at Vodacom Group

Finance Operations Key Process:

1.    Shared services: Procure to pay, order to cash, transactional cash management, asset project accounting
•    Work with Group team (Vodacom) to ensure completeness, accuracy of fixed assets, payables, receivable and intercompany reporting under Mpesa
•    Ensure the complete, accurate and timely reconciliation of Sub-ledger to General Ledger 
•    Manage payments and encashment within the Purchase to Pay and Order to Cash process. 

2.    Travel & Expenses 
•    Ensure the complete, accurate and timely accounting of the travel expense transactions (from managing travel expense claims to payment proposal) in compliance with tax laws, according to any relevant accounting principle and Group policy 
•    Ensure the complete, accurate and timely reconciliation of Sub-ledger to General Ledger 
•    Ensure compliance reviews are completed of travel expense transactions to identify Policy Non-Compliance and fraudulent activity 
•    Manage the expenses advances balances and ensure actions are taken on aged items 
•    Manage the company settled credit card balance sheet accounts and ensure actions are taken on aged items 
•    Execution of all standard controls for Travel and Expenses and retention of audit evidence of the completed controls 

3.    Intercompany 
•    Ensure the accurate, complete and timely accounting of intercompany transactions. 
•    Supervise the effective and efficient accounting processes and management of intercompany invoicing 
•    Liaise with the external auditors and other external authorities 
•    Comply with tax laws and relevant accounting principles and Group policies 
•    Ensure the accurate, complete and timely accounting for intercompany debt 
•    Ensure the accurate complete and timely reconciliation of Intercompany Balance agreements 
•    Ensure the accurate, complete and timely accounting for intercompany suspense transactions 
•    Ensure the accurate, complete and timely accounting for Intercompany Margin Eliminations 
•    Manage and resolve Intercompany disputes 
•    Ensure the accurate complete and timely reporting of Intercompany revenue for HFM submissions 
•    Execution of all standard controls for Intercompany and retention of audit evidence of the completed controls 

4.    Revenue & Cost Assurance 
•    Ensure the end-to-end correctness of all revenues and costs by applying processes and tools to capture all revenues and the right costs incurred 
•    Cost assurance should at least focus on the areas of Roaming, interconnection and 3rd party 
•    Identify revenue at risk 
•    Collect all Revenue Assurance checks/ reports performed in all Vodafone areas and provide an independent and comprehensive Revenue Assurance reporting to management 
•    Ensure prompt escalation of material incidents, follow up and resolution 
•    Execution of all Revenue Assurance standard controls and retention of audit evidence of the completed controls 

5.    Tax Compliance, Return and Reporting: 
•    The transactional processes & activities to ensure that processes for handling direct, indirect and withholding taxes are performed in accordance with local tax statutory requirements and internal tax reporting is in accordance with Vodafone Group International Accounting Policies (VGIAP's). 
•    Manage preparation of corporate tax computations as completely and accurately as possible, for review and consolidation where needed by Tax teams. Subsequent to approvals by Tax teams initiate tax return filing. 
•    Preparation of withholding tax and indirect tax obligations subject only to high level validation by the Tax teams. 
•    Initiate tax payments for corporate tax and VAT subsequent to review and finalization with Tax teams. 

6.    Channel Commissions 
•    The end-to end commission payment process to indirect channel partners and direct channel employees, including accurate and timely calculation of payments, transactional accounting integrity, and ensuring all internal and external reporting requirements are fulfilled 
•    Ensuring correct payment of commissions to the dealers 
•    Maintenance of master data and commission structures 
•    Support business in developing of new commission structures (limited to feasibility & implementation) 
•    Manage the financial relationships with dealers, including dispute resolution 
•    Ensure the complete, accurate and timely accounting for future/contingent channels commission costs 
•    Execution of all standard controls for Channel Commissions and retention of audit evidence of the completed controls 

7.    Record to Report – General Ledger Accounting 
•    Guarantee the complete, accurate and timely accounting of all transactions relevant to the General Ledger, including preparation and posting of all accruals Responsibilities cover 
•    Ensure deadlines are met and prepare monthly review meeting with Vodacom consolidation team on variances
•    Comply with tax laws, relevant accounting principles, SOX and Group policies 
•    Support the requirement for having a SOX compliant period end close process 
•    Ensure GSEC reporting 
•    In charge of reports to management
•    Execution of all general ledger standard controls and retention of audit evidence of the completed controls 
•    Maintain coding structures (General ledger, cost center, profit center) that meet both Group reporting and analysis requirements and operating company requirements 

KPIs, Key qualifications & Experience

Performance KPIs – Finance Operations: 

• Timeliness and accuracy of all financial reporting 
• Process KPIs for effectiveness and efficiency benchmarked to Hackett 
• Accuracy of 90-day cash forecast 
• Satisfactory audit results 
• Achievement of business cases for transformation projects 
• Maximized shared service penetration 

Key qualifications

•    Completed accounting degree with 5+ years related financial experience, specifically in a similar role in the banking or mobile telecommunications sector. Mobile money experience will be beneficial 
•    Professional Accounting Qualification (Chartered Accountant) (CIMA, ACCA, ONEC,…) will be beneficial
•    Big 4 experience or experience in internal controls within a financial institution
•    IFRS, GSEC and OHADA Knowledge
•    Treasury and Exchange Control experience & knowledge 
  

Together we can.

Commitment from Vodacom

Vodacom is committed to attracting, developing and retaining the very best people by offering a flexible, motivating and inclusive workplace in which talent is truly recognized, developed and rewarded. We believe that diversity plays an important role in the success of our business and we are committed to creating an inclusive work environment which respects, values, celebrates and makes the most of people’s individual differences - we are not only multinational but multicultural too. At Vodacom you will have access to our excellent flexible benefits programme that you would expect from any global company.