Daniel Githiga Email & Phone Number

Addis Ababa, Ethiopia

Help translate and execute the Safaricom Ethiopia strategy as well as oversee and manage all aspects of operational accounting and make certain it is consistent and coordinated across the company to aid decision-making by the board. Accountable for:------------------• Preparing and publishing statutory accounts and filing them with the relevant regulatory authorities; Putting in place strong accounting and reporting processes and creating an effective control and compliance environment.• Providing strategic advice to the management team and Safaricom Ethiopia Board; Preparation of budget spending reports, treasury forecasts, cost analysis reports, profit or loss statements, as well as making recommendations for spending or cost cuts.• Facilitating business transactions or acquisitions sharing the key input on statutory, funding and accounting treatment considerations to name a few.Key Deliverables: ----------------• Lead the Financial Controlling team; Implement and maintain effective financial processes and controls; Design operational procedures and processes; Oversee the development, implementation, and maintenance of strong accounting and reporting processes; develop a clear and optimal Financial Control structure; • Oversee all compliance issues including SOX compliance; Maintain accurate compilation, analysis and reporting of accounting data and revenue. Prepare the Board packs for various board committee meetings.• Select, develop, and evaluate personnel to deliver efficient operations of all the accounting functions.• Act as the International Management Team lead/expert for the financial review and strategic planning cycles of the company

Nairobi, Kenya

Key Deliverables:------------------Oversight of efficient running of Mpesa Finance by providing leadership and guidance on all key operational matters. This included; operational oversight of Controls and processes over the withdrawal of funds; Data security throughout the payments lifecycle; Monitoring of formal policies and procedures; closure of internal and external audits; balance sheet account verification and P&L substantiation; treasury policy; Digitization of key processes; settlement of monies owed to Safaricom; timely resolution of customer issues; M-PESA Risk reduction; Coordinating System Testing and functionality development; new product development; preparation of the subsidiary ledger & general ledgers; supporting schedules reconciliation statements; Implementing and maintaining all financial controls and systems.Key Contributions-------------------• Designed Solution on Forex management with the bank, to reduce exposure to Forex fluctuations.• Automated International Money Transfers (IMT) reconciliations using Intelimatch solution. • Reduced TAT for Merchants' and Agents' withdrawal settlements from 6Hrs. to 15Min.• Improved TAT for float application by 80% for a better agent and B2C experience.• Reported new revenue of 45M in 10 Months through M-PESA Agents financing initiative.• Presided over the financial set-up of new entities i.e. Digi farm Kenya Ltd. & M-PESA Global Services Ltd.• Enhanced controls on Agents' and Merchants' KYC. Finance lead in the accreditation & certification by GSMA, to safeguard against the loss of customer funds.• Implemented new products: Masoko, Google, ALIPAY, and Fuliza by ensuring compliance with reporting Financial Guidelines.• Set up Safaricom money transfers services ltd. (SMTSL) resulting in the separation of IMT from Safaricom Books and ensuring financial compliance with CBK. • Completed SMTSL payment automation. Eliminated manual instructions, and improved payment SLA from 3 days to 1day.

Nairobi, Kenya

Business lead for Finance during G2 system roll out responsible for ensuring requirements was tested and functionalities were working as per the Business requirements documents; drafted new processes; cutover management and post a cutover review. Successfully oversaw migration to G2 with Zero exposure in finance.Key Deliverables:------------------• Maintained timely and accurate application of agent and business partner transactions.• Co-coordinated with various stakeholders from different business streams within Safaricom and Vodafone group for greater synergy in implementing local solutions.• Improved business case documents to support new product roll out and offer workable finance solutions for newly scoped M-PESA products to launch and after launch.• Supported the M-PESA finance team. Led and managed the team to effectively deliver divisional and business results by creating a working environment where the team can succeed• Analyzed the M-PESA products revenue streams vs. cost and KPIs. Prepared and interpreted the various financial statements during the monthly P&L and Balance sheet reviews for senior management consumption and decision making. • Managed the Vodafone global shared financial services - M-PESA, supported by IBM.• Managed the entire trust fund that operationalized the Safaricom money transfer business and generated statistics and business analysis during the forecasting and budgeting process.• Implemented yearly Vodafone Compliance and control audits, as well as KRA -Regulatory Compliance audits to successful completion. • M-PESA Risk reduction in-Review of M-PESA Trust Bank Accounts, operational and functional system requirements, and retail center cash management policies.

Nairobi, Kenya

Maintained an adequate and compliant financial system and controls to ensure efficient financial records, financial statements, and other financial reports for decision-making.Key Deliverables------------------• Prepared monthly financial statements for subsidiaries and the group; Ensured completeness of monthly financial information; Helped prepare monthly insight commentary for results explaining the trend reasons for variances against forecasts/budgets for revenue, costs, and outlook; Provided input into the month accounts for review by the Executive Committee.• Prepared the Interim and full-year statutory accounts and ensure they are filed with CMA; Provided guidance on IFRS and group policies revenue recognition across the business; Provided leadership on statutory audits and internal audits; Organized and followed up on monthly balance sheet review actions; Upheld proper books of accounts for the subsidiaries; • Oversaw supplier & customer account management and bank reconciliations for the subsidiaries; Maintained tax compliance in all the operations of the subsidiaries. • Coordinated the preparation of tax returns in compliance with the taxation Act and all other statutory requirements; Maintained accuracy for fixed data revenues; Oversaw PRS, interconnect and roaming receivables Ensured proper revenue recognition and reconciliation of interconnect and roaming ledgers.Key Contributions-------------------Helped Safaricom acquire a 49% stake in One Communication, a data services provider, to become a Safaricom subsidiary. Formulated cost recharge model for Safaricom subsidiaries.

Nairobi, Kenya

Undertook a variety of financial activities including budgeting, forecasting, building financial models, assisting with financial planning, performing research and analysis, preparing reports, and assisting with close processes.

Nairobi, Kenya

Accountable for the production of the bank’s/group financial statements, internal financial reporting, and financial analysis against the industry as well as related systems and controls. Responsible for the tools, systems, and processes used by all staff in these critical activities. Provided critical historical and future-looking financial analysis to inform strategic and operational decisions, and to facilitate “what if” analysis.

Nairobi, Kenya

Key Deliverables:------------------Ensured that the bank's policies and procedures were in compliance with regulatory requirements (CMA, RBA, CDSC); Analyzed potential risks of non-compliance and identify areas for improvement, thus working out remedial measures and making recommendations accordingly; Reviewed, documented, and established controls for mitigation of business risk in liaison with HOD, Audit, Compliance, Enforcement and Risk Department; Maintained custody agreement, CDA account documentation and SLA’s with internal and external parties; Monitored contractual terms, service level agreement, and business standards; Enforced the department’s policies/procedures, and implemented all audit recommendations in consultation with HOD.Key Contribution:-------------------Delivered a successful financial clean-up after the division was hit out with serious fraud by developing a sound reconciliation and revenue validation process.

Nairobi, Kenya

Handled the preparation and review of statements and monthly activity reports for the bank to ensure that the bank complies with laws and regulations, along with industry-specific requirements.

Bachelor Of Commerce - Bcom, Accounting

Activities and Societies: Member, Accounting Students Association

Chattered Public Accountant (Cpa-K), Accounting And Finance