Summary
Date Posted: Friday, November 25, 2022 , Base Salary: Not Disclosed

JOB DETAILS:

Duties and Responsibilities
• Provide leadership in overall financial management in the preparation of the Sacco’s financial statements, budget formulation, and Sacco investment strategy.
• Formulation of sound financial management, accounting and investment strategies, policies, procedures and systems that ensure effective control and accountability for the Sacco’s resources.
• Preparation of timely, consistent, and accurate financial statements in accordance with the Sacco’s policies and procedures and statutory reporting.
• Interpretation of financial information to the Board and Management.
• Coordinating the development and monitoring of the implementation of the Sacco’s strategic plan.
• Preparation and execution of the investment plans for the Sacco.
• Monitoring and evaluation of investment portfolios to ensure investment performance is tracked and appropriate measures are taken to ensure adequate returns on invested funds.
• Timely reporting on investment performance to ensure appropriate action for optimal portfolio performance.
• Forecasting of cash flow requirements to ensure excess funds are invested in approved investments and are available as and when required for disbursement.
• Preparation of economic reports.
• Analyzing market and competitors’ trends.
• Monitoring cash flows and conducting forecasts that provide guidance to the Sacco in planning and decision-making.
• Establish good working relations with professionals (bankers, auditors, or statutory organizations) and regulators such as SASRA that support the growth of a vibrant financial institution.
• Manage the Sacco’s budgets against actual performance and advise the board and senior management on modalities to maintain growth and the long-term financial goals of the Sacco.
• Update the Sacco Board and management on changes in legislation or regulations that may affect business operations.
• Ensuring the Sacco’s assets and liabilities are safeguarded.
• Management of staff payrolls.
• Coordination of tender documents, procurements of goods and services, and disposal within the Sacco.
• Ensuring insurance payments, rent payments and other logistical operations within the Sacco.
• Approve payments i.e. petty cash, supplier payments, and salary payments.
• Oversee operations of staff in the department.

Qualifications
• A bachelor’s degree in accounting or finance.
• A master’s degree is an added advantage.
• A professional accounting qualification CPA K or ACCA.
• At least 5 years of experience in financial management in a financial institution.
• Sound knowledge of deposit-taking saccos and the regulator’s (SASRA) guidelines governing deposit-taking saccos.
• Must be a bonafide member of ICPAK.
• Other professional qualifications are an added advantage.

Key Skills and Competencies
Essential knowledge/skills required:
• Outstanding organizational and leadership abilities
• Advanced computer skills in MS Office, accounting software, and databases
• Attention to detail and excellent analytical skills
• Sound independent judgment
• Aptitude in decision-making and problem-solving
• Report writing and presentation skills
• A solid grasp of data analysis and performance metrics
• Current information on Saccos’ business and financial affairs
• High level of professionalism and integrity

Desirable knowledge/skills and experience required:
• Ability to manipulate large amounts of data and to compile detailed reports
• Strong communication and interpersonal skills
• Good personal judgment
• Self-confident and motivated


Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

Job application procedure

Interested and qualified? Click Here To Apply


All Jobs

QUICK ALERT SUBSCRIPTION