Reporting to the Chief Executive Officer (CEO), the Finance Manager will provide the overall leadership and management of the finance function . S/He will be responsible for managing the Sacco’s financial resources and promoting prudent and just stewardship of the Sacco’s financial resources, by implementing strong systems and policies of internal control that will lead to the production and application of accurate financial data.

Roles and Responsibilities:

Some of the key responsibilities of this position include but shall not be limited to:

• Responsible for the smooth running of the Sacco finance department.
• Manage the finances of the Sacco in a prudent manner.
• Formulate a strategic financial plan encompassing directing and controlling processes to enhance the overall business growth.
• A good team player and provide team leadership within the department through professional staff performance management.
• Ensuring that there are effective and prudent financial controls and risk management procedures in place to provide a sustainable assurance and improvement of the organization’s assets, and properly account for all Sacco assets and liabilities and safeguarding the same.
• Oversee and make sure that all accounting functions are thoroughly concluded to presentation for auditing and responding to correspondents thereon. 
• Strongly maximize income while reducing expenses.
• To administer and review the Society’s Accounting Standards and Procedures.
• Ensure compliance with the relevant statutory, legal, social, and regulatory requirements in the execution of Society business.
• Benchmarking market trends in the financial sector and giving monthly reports.
• Ensure timely and up-to-date reconciliations.
• Manage and liaise with the relevant departments to ensure proper financial reports are done.
• Oversee and advise on prudent financial management and investment undertaking by adopting sound financial policies for optimum utilization and returns.
• Prepare and implement the finance department’s annual work plan.
• Ensure relevant and prompt preparation of monthly reports and submission to the Relevant Committee.
• Ensure that procurement processes and procedures are in line with the Sacco’s policy, practice, and governing laws.
• Establish and maintain a framework for processing requests in accordance with the established procurement policy and manual.
• Chair Tender Evaluation Committee, Disposal Committee, and Procurement Committee.

Minimum Qualification & Attributes

• Bachelor’s degree in Accounting/Finance or any other business-related degree course.
• Must be a CPA (K) holder.
• Must be registered with ICPAK.
• 7 years of experience 5 of which must be in a supervisory role in the cooperative sector.
• Good analytical, communication, organizational, and interpersonal skills.
• A high degree of integrity.
• Track record of good management and development skills.
• Knowledge of computerized accounting systems.

S/He will be responsible for ensuring that all Sacco operations are in compliance with existing legislation and with Sacco Rules, Regulations, and Procedures. The position will have the overall responsibility to manage the Sacco’s Internal Audit function, providing an independent and objective appraisal of Sacco’s financial, operational, and internal control activities. The position will also provide recommendations for improving these controls and other aspects of the business.

Key Responsibilities

• Formulating and implementing the internal audit strategy to evaluate the Sacco’s operating standards.
• Implement annual audit plan.
• Review the implementation of the company policies and procedures to assure compliance with policies and procedures, by-laws, and other laws.
• Design and execute internal audit functions in accordance with conventional audit guidelines and best practices.
• Develop and implement risk management framework, strategies, policies, and procedures.
• Assessment of the Sacco’s risks, reliability, and integrity of financial and operating information, and compliance with operating policies and procedures. 
• Liaise with external auditors to enhance efficiency & effectiveness.
• Preparing periodic audit reports for the Board.
• Conducting ad hoc and special audits of systems and financial transactions.
• Evaluating the financial and operational procedures of adequacy and effectiveness of internal control systems.
• Advising the Board on audit, risk, and control issues.
• Reporting functionally to the audit committee and administratively to the C.E.O

Education and Professional Qualifications

• First degree in Accounting or Finance from a recognized university.                              
• Certified Public Accountant CPA (K).
• Knowledge of computerized audit techniques and experience in systems audit.
• Member of ICPAK in good standing.
• 5 years of relevant experience, three (3) years which must be in a senior audit position in a financial institution or co-operatives sector.
• Knowledge of credit and lending principles.
• Adequate knowledge of regulatory framework in the financial/Sacco sector will be an added advantage.