Founded in 1975 with 131 members and deposits of Kes. 290,000 only, we have grown to over 6900 members and more than Kes 12 billion in deposits. We were privileged to be among the first 7 pioneer SACCOs to be licensed to conduct Deposit Taking business by the Sacco Societies Regulatory Authority (SASRA).

SUMMARY

The Finance Officer assists the Financial Accountant in management of the General Ledger, reconciliation of accounts and expenses.

KEY RESPONSIBILITIES

• Vendors management- invoicing, payment processing and reconciliation.
• Member receipts processing- bank postings on a daily basis
• General journals processing
• Bank reconciliations
• Processing end month journals-accruals, provisions, prepayments
• Posting commission journals from banks to members
• Prepare audit schedules
• Verifications of loans for disbursement on a daily basis
• Online filing of KRA and other statutory returns (Withholding tax/PAYE/VAT/NSSF/NHIF/Excise duty/NHIF etc
• Online filing of SASRA /Unclaimed Financial Assets Authority/ Financial Reporting Center and other regulatory returns
• Fixed assets management
• Investments management
• Knowledge in preparation of management accounts
• Posting member journals i.e. FOSA transfers dividend transfers
• Reconciliation of member accounts
• Reconciliation of G/L accounts
• Makes a major contribution to the Sacco’s initiatives and participate on corporate projects
• Prepares timely departmental performance reports
• Petty cash maintenance
• Annual processing of dividends and interest on deposits
• Filing of finance documents originating from my desk
• Performs any other duties as assigned from time to time

KNOWLEDGE, SKILLS AND EXPERIENCE

Experience

• 2 years’ experience in a busy finance/ accounting office

Academic Qualification

• Bachelor’s degree in accounting, Finance or business-related degree

Professional Qualification

• CPA(K), ACCA or related

Technical Skills

• Knowledge of accounting packages. Experience in Business Central Microsoft dynamics will be an added advantage
• Excellent analytical skills, planning, organizational skills, and numerical skills
• Report writing

General Skills

• Communication
• Advanced MS Excel skills
• Knowledge of financial and tax regulations
• High level of integrity and accountability, flexible approaches to work coupled with enthusiasm and commitment
• Strong ethics, with an ability to manage confidential data
• Able to work under minimal supervision, be proactive, initiative and with sound judgment.
• High level of accuracy, attention to detail and thoroughness
• Creative thinking and problem-solving skills.