Job Description
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.
Responsibilities
1. Intercompany Reconciliation
• Lead 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.
2. Transaction Processing
• Oversee 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 date
• Perform the receiving, requesting, and posting of all Intercompany AP invoices
• Ensure all monthly checklists are performed and adhered to including month end closing and internal control procedures
• Processing of intercompany payment entries through the FSS treasury team
• Process intercompany payments in co-ordination with the FSS B payment team
• Follow up on Intercompany debtors for invoice settlements
3. Consolidation Support
• Assist in the consolidation of financial statements by providing accurate intercompany elimination entries and ensuring consistency and accuracy across reporting entities.
4. Transfer Pricing Compliance
• Collaborate with transfer pricing specialists to ensure intercompany transactions are conducted at arm’s length and in accordance with transfer pricing policies and regulations.
5. Documentation and Compliance
• Maintain 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.
6. Process Optimization
• Identify opportunities to streamline intercompany accounting processes, enhance efficiency, and mitigate risks through automation, standardization, and best practices.
7. Cross-functional Collaboration
• Work closely with finance, tax, legal, and operational teams globally to address intercompany issues, resolve discrepancies, and support business initiatives and transactions.
8. Audit Support
• Prepare schedules, reports, and documentation for internal and external audits related to intercompany transactions, ensuring timely completion and compliance with audit requirements.
9. Health & Safety
• Uphold the company code of conduct, policies and procedures, ensuring integrity and accountability in every aspect of your work
• All employees have a responsibility to adhere to safety, health, and wellbeing policies.
Qualifications
• 5+ 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.
How to Apply. If you feel that you are up to the challenge and possess the necessary qualification and experience, kindly proceed to create/ update your candidate profile on the recruitment portal, fill in your necessary work experiences and then Click on the apply button. Remember to attach your resume.
About Us
Safaricom is the leading technology company in East Africa. Our purpose is to transform lives by connecting people to people, people to opportunities and people to information. We keep over 60 million customers connected across Kenya and Ethiopia, and play a critical role in the society, supporting over 1.13 million jobs both directly and indirectly while our total economic value was estimated at KES 1.1 trillion ($ 8.5 billion) for the 12 months through March 2025.
Listed on the Nairobi Securities Exchange and with annual revenues of close to KES 388 billion as at March 2025, Safaricom provides connectivity through wide range of technology. Our 2G, 3G, 4G and 5G network in aggregate covers over 99% of Kenya’s population.
We run the world’s largest mobile payment system and Africa’s largest Fintech, M-PESA, the world’s first mobile money transfer system. By empowering millions of customers to transact, save or borrow money through their mobile phone, M-PESA has driven financial inclusion in Kenya to 84.8% of the adult population in 2024, from a low of 26.7% in 2006, and generated over KES 161 billion in revenue as at FY25.
Our subsidiary, Safaricom Telecommunications Ethiopia, has deployed world class network and services to contribute to Ethiopia’s digital transformation.
Safaricom is an equal opportunity employer, actively recruiting staff from different backgrounds reflecting the communities that we serve. We are committed to equal gender representation at all levels.
As part of our ongoing commitment to the Sustainable Development Goals (SDGs), we continue to work towards improving energy and resource efficiency in our network and facilities to reduce carbon emissions and our fuel consumption. We remain committed to becoming a Net Zero carbon-emitting company by 2050.
