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.
Key Responsibilities
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 counter affiliates and follow up on missing information or requests.
- Review intercompany mismatches and ensure no mismatch amongst the intercompany affiliates.
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 the 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.
- Coordinate the processing of intercompany payment entries through the FSS treasury team and FSS B payment team.
- Follow up on intercompany debtors for invoice settlements.
Consolidation and Compliance Support
- Assist in the consolidation of financial statements by providing accurate intercompany elimination entries and ensuring consistency across reporting entities.
- Collaborate with transfer pricing specialists to ensure intercompany transactions are conducted at arm's length.
- Maintain comprehensive documentation of intercompany agreements, policies, and transactions to support internal controls and tax law compliance.
- Prepare schedules, reports, and documentation for internal and external audits related to intercompany transactions.
Process Optimization and Collaboration
- Identify opportunities to streamline intercompany accounting processes, enhance efficiency, and mitigate risks through automation and standardization.
- Work closely with global finance, tax, legal, and operational teams to address intercompany issues and support business initiatives.
- Uphold the company code of conduct and adhere to safety, health, and wellbeing policies.
Requirements
Qualifications and Experience
- BA/BSc/HND degree in Finance, Accounting, or a related field.
- 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).
Skills and Competencies
- Excellent analytical skills and attention to detail, with the ability to analyze complex financial data.
- Effective communication and collaboration skills for interacting with stakeholders across different cultures and time zones.
- Proven ability to manage multiple priorities and meet deadlines in a fast-paced environment.
- Strong problem-solving skills and a proactive approach to identifying and resolving issues.
How to Apply
Interested and qualified candidates should apply online via the Safaricom recruitment portal. To begin the application process, please visit the application link which will redirect you to the official Safaricom Oracle Cloud application page.
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