15 Oct 2024

Sacco Accountant at Co-operative Bank of Kenya

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Job Description

The Co-operative Bank of Kenya Limited is incorporated in Kenya under the Company Act and is also licensed to do the business of banking under the Banking Act. The Bank was initially registered under the Co-operative Societies Act at the point of founding in 1965. This status was retained up to and until June 27th 2008 when the Banks Special General Meeting

Sacco Accountant

Job purpose  

Reporting to the Manager, the position will be responsible for the day-to-day coordination of the Society’s Finance and Accounting operations.

Main duties and responsibilities

  • In collaboration with the manager, prepare and present annual revenue, budgets, financial statements, cash flow projections and all requisite reports
  • Preparation of monthly bank and Mpesa account reconciliations
  • Liaison with both internal and external auditors on audit controls and act on management letters and closure of all audit queries
  • Liaison with service providers to ensure the society’s policies and procedures are adhered to
  • Ensure staff payroll is prepared accurately and timely
  • Ensure tax compliance and all other statutory deductions and filings are made to the required authorities on a timely basis
  • Keeping abreast with changes in financial regulations and legislation
  • Ensuring society’s assets and liabilities are recorded accurately and safeguarded
  • Review and implementation of society’s financial and accounting policies and procedures
  • Providing guidance to the management on financial and accounting matters
  • Ensuring members’ records are always up to date
  • Facilitating team members in handling member queries towards service excellence
  • Ensuring that adequate budgetary controls are in place
  • In collaboration with the manager, advise on prudent financial management and investment
  • Ensure proper reporting systems are in place and adhered to
  • Any other lawful duty as may be assigned by your supervisor from time to time

Key Qualifications & Experience

  • Holder of a Bachelor of Commerce degree or its equivalent from a recognized University
  • Is a CPA (K) or its equivalent and a member in good standing with ICPAK
  • Diploma in Co-operative Management will be an added advantage
  • A minimum of 5 years’ relevant experience
  • Prior experience and exposure in the Sacco sector desired
  • Computer proficiency in Microsoft Office Suite
  • Adept in application of enterprise resource planning systems, knowledge of Microsoft Navision Dynamics will be an added advantage

Competencies needed for the position.

  • Be of exemplary integrity and honesty
  • Possess analytical skills with attention to detail.
  • Have excellent communication and interpersonal skills
  • Have excellent report writing and presentation skills
  • Possess Coaching and leadership skills.
  • Experience with working with targets under tight deadlines with minimal supervision
  • Able to work with great agility and collaboratively within a team
  • Holds in high esteem and practices biblical values

Closing Date : Oct 22, 2024



Method of Application

Submit your CV and Application on Company Website : Click Here




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