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Closing: Feb 1, 2023

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Published: Jan 18, 2023 (19 days ago)

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Job Summary

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Our client, a licensed deposit taking Sacco with an asset base of about Kes. 6 billion and headquartered in Nairobi, is seeking to recruit a qualified and highly motivated individual to fill the position of Finance Manager.

Reporting to the Chief Executive Officer (CEO), the Finance Manager will provide the overall leadership and management of the finance function of the Sacco. 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.


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.

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.


Responsibilities
Our client, a licensed deposit taking Sacco with an asset base of about Kes. 6 billion and headquartered in Nairobi, is seeking to recruit a qualified and highly motivated individual to fill the position of Finance Manager.

Reporting to the Chief Executive Officer (CEO), the Finance Manager will provide the overall leadership and management of the finance function of the Sacco. 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.


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.

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.


  • 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.


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