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Accountant

Closing: Jul 16, 2024

This position has expired

Published: Jul 7, 2024 (18 days ago)

Job Requirements

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Job Summary

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Minimum Qualifications and Attributes

  • A Bachelor’s Degree in Finance or related field preferably Bcom or BBM/ (Finance and Accounting) option
  • A professional accounting qualification CPA K or ACCA
  • Diploma in Cooperative Management will be an added advantage
  • 5-7 years’ experience in Financial Management in a financial institution.
  • Preferably a member in good standing with ICPAK or equivalent professional body.
  • Sound knowledge of Banking and Sacco laws and regulations
  • A person of integrity, team player with effective communication skills
  • Strategic thinker with good commercial judgement and ability to identify economic opportunities in changing environment and capitalize on them
  • Sound judgement and decision-making ability on lending across all sectors
  • Customer-focused – striking a solid balance between external and internal customer orientation.
  • Excellent leadership, interpersonal and team management skills


Responsibilities

Minimum Qualifications and Attributes

  • A Bachelor’s Degree in Finance or related field preferably Bcom or BBM/ (Finance and Accounting) option
  • A professional accounting qualification CPA K or ACCA
  • Diploma in Cooperative Management will be an added advantage
  • 5-7 years’ experience in Financial Management in a financial institution.
  • Preferably a member in good standing with ICPAK or equivalent professional body.
  • Sound knowledge of Banking and Sacco laws and regulations
  • A person of integrity, team player with effective communication skills
  • Strategic thinker with good commercial judgement and ability to identify economic opportunities in changing environment and capitalize on them
  • Sound judgement and decision-making ability on lending across all sectors
  • Customer-focused – striking a solid balance between external and internal customer orientation.
  • Excellent leadership, interpersonal and team management skills


  • Provide leadership in overall financial management in the preparation of the Sacco’s financial statements, budget formulation and Sacco investment strategy.
  • 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.
  • Monitoring cash flows and conducting forecasts that provide guidance to the Sacco in planning and decision-making.
  • Initiate and implement sound management policies to ensure accounting processes and procedures are effective, with performance monitoring systems that comply with prudential regulatory standards and risk management strategies.
  • Establish good working relations with professionals (bankers, auditors or statutory organizations) and regulators such as SASRA that support growth of a vibrant financial institution.
  • Timely submission of regulatory reports
  • Update the Sacco Board and management on changes in legislation or regulations that may affect business operations.
  • Overseeing Human Resource management and development
  • Organizing all Board and subcommittee meetings, AGMs and SGMs, supervisory and joint

    meetings as well as any other special or impromptu meetings

  • Keeping minutes of all general meetings and meetings of the Board of Directors
  • Performing such other duties as may be directed by the Board of Directors


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