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Liquid Telecom is Africas leading independent data, voice and IP provider committed to building Africas digital future. It supplies fibre optic, satellite and international carrier services to Africas largest mobile network operators, ISPs and businesses of all sizes. Our award winning data storage and communication solutions connect people across Africa ...
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Job Purpose:
Responsible for:
- Gross margin analysis per product
- Management of service delivery MRR and weekly reporting
- Management of GCOO MRR analysis and weekly reporting
- Management of cost of sales (i.e. For commissions, interconnect, ifrs16, leased circuits, regulatory, projects and other mrr cost support)
- Management and tracking of project O&M and IRU related O&M
- Assistance with timely preparation of OPCO deck
- Overall ensuring revenue transactions and contractual revenue arrangements are accurately accounted for under IFRS and processed in accounting system, including multiple element accounting adjustments
Minimum Requirements of Job
Formal Qualifications Required
- BTech - Commerce Qualification
- Chartered Institute of Management Accountants (CIMA) - Advantageous
Job Related Experience Required
- 3 years Financial Accounting and Management Experience
Job Related Knowledge Required
- Knowledge of IFRS application and interpretation
- Knowledge of ERP systems i.e. SAP
- Microsoft Office i.e. Excel
Job Related Skills Required
- Effective communication and report writing skills.
- Excellent attention to detail.
- Effectively collaborates and communicates with all levels of management and cross-functional teams
- Proactive and organised, able to prioritize
- Ability to adapt and excel in a fast-paced and rapidly changing environment.
- Ability to plan and manage multiple projects while meeting set deadlines of team deliverables
- Ability to make sound, fact-based decisions and recommendation.
- Possess strong understanding of application of revenue accounting standard
- Experience as a people manager, proven record of successfully leading, directing and coaching
Key Outputs:
Preparation of Month End Activities
This includes month end journals and revenue recognition from our Retail and Enterprise segments- monthly to ensure business activities are appropriately accounted for. Accurately present the financials and ensure that analysis of financial results are documented and communicated in a timely manner.
Prepare Journal entries.
Revenue recognition for Enterprise Business Unit (EBU):
- Adhering to relevant IFRS standard for complete and accurate reporting ERP systems (i.e. SAP, HFM)
- Extract data from various billing platforms (i.e. Geneva Billing Engine) to be used for revenue recognition.
- Extract and prepare Service Delivery report to be used for accrual accounting.
- Extract and prepare CDR report to be used for accrual accounting.
- Ensure no unrecorded revenue from monthly billing reports.
- Prepare and sign off on monthly billing to revenue recon.
- Analyse once off project revenue for proper accounting.
Revenue recognition for Wholesale Voice (WSV):
- Extract billing data from Springboard billing platform to be used for Revenue recognition.
- Ensure no unrecorded revenue from monthly billing reports.
Revenue recognition for Consumer Business Unit (CBU/Retail):
- Extract data from various billing platforms (i.e. Geneva Billing Engine and OCS Prepaid Platform) to be used for revenue recognition.
- Ensure no unrecorded revenue from monthly billing reports and prepaid recharge platform
Customer First (Improve customer experience and loyalty)
- Attend to; Resolve and follow through on queries and specific request from business. e.g. revenue analysis reports
- Prepare monthly analysis of revenue movement per component for use by Business.
- Provide Revenue Management support to the Sales team and address any of their ad hoc requests.
Prepare informative, relevant and reliable MIS revenue reports and for reporting
- Prepare informative, relevant and reliable MIS revenue reports and for reporting
- Prepare accurate, complete and timely monthly MIS segment reports, product, voice and data, with break up of NRC, MRC and Usage components by day 6
- Prepare a monthly analysis of revenue movement per component.
- Satisfactorily attend stakeholder's queries on MIS reports.
- Prepare balance Sheet GL recons to ensure accuracy and integrity of GL balances
Accuracy Of Accounting Records On Project Reporting And On Cost Reporting For Commissions, Interconnect, Ifrs16, Leased Circuits, Regulatory, And Other Cost Support
Passthrough Projects, Analysis & Cost Management:
- Tracking and Maintaining of all passthrough projects, by maintaining a passthrough schedule
- Matching of revenue and costs for all Passthrough projects, evaluation and conversion of pass through projects into revenue project accounting
- Work with project managers to keep track of projects progress. Revenue recognition and get Sign off from the customer and project manager
- Prepare monthly journal for Revenue and Cost of sale on passthrough project
- Prepare monthly journal for Revenue and Cost of sale on commissions, interconnect, IFRS16, leased circuits, regulatory, and other MRR cost support.
- Prepare monthly MIS for passthrough projects and detail analysis reports for presentation to management
- Prepare monthly journal to deferred projects that are not fully delivered
Ad-Hoc
- Ad-hoc functions assigned from time to time
- To be done and measured in line with Best Practice approach
- Evaluate Value Add quantitative measure upon Ebitda or PBT
- Measurability of operational efficiencies on Ad hoc functions delivered
Accountable for:
- Accountable for providing accurate reports and ensure that analysis of financial results are documented and communicated in a timely manner.
- Accountable for preparation of month end close activities to ensure business activities are appropriately accounted for.
- Accountable for resolving any queries that are related to revenue recognition.
Equity Statement:
In line with our company transformation policies, preference will be given to EE candidates.