Position Summary

You will be responsible for the day-to-day accounts of Sacco and ensure the Sacco’s compliance with accounting standards and practices. You will prepare monthly management accounts and ensure timely and up to date bank reconciliations.

Main Responsibilities

•  Prepare accurate management reports including trial balance, statement of comprehensive income and financial statements monthly.
•  Investigate variances, correct errors where necessary and provide explanations on differences from budget.
•  Implement budgetary controls daily by monitoring all purchases and postings to the correct ledger.
•  Liquidity management and investment planning.
•  Assist in costing and pricing of the Society’s investment ventures.
•  Responsible for the daily review of payments accurately
•  Review of Bank and Ledger Reconciliations for completeness and accuracy
•  Provide team leadership to the finance officers through professional staff management.
•  Facilitate internal and external audit and implement the audit recommendations timely.
•  Prepare and analyze the different investment portfolios for effective Treasury Management.
•  Keep abreast on changes in financial regulations and legislation.
•  Ensure that the Society’s assets and liabilities are recorded correctly and safeguarded.
•  Keep and manage debtors and creditors records accurately
•  Ensure that accounts and reconciliation are done daily and adherence to specific deadlines.
•  Perform any other responsibility assigned from time to time.

Requirements

Knowledge: Qualifications & Experience

•  Bachelor’s degree in accounting, finance, or its equivalent
•  Must be a CPA (K) / ACCA holder
•  Registered member of ICPAK in good standing
•  Minimum 5 years proven relevant experience.
•  Proven experience in budgeting and financial analysis
•  Strong knowledge of taxation principles
•  Knowledge and proven experience in in International Financial Reporting Standards (IFRS)
•  Proficient in using ERP software.

Personal Attributes required for this role:

•  A person of integrity
•  Proficiency in financial modeling and data analysis tools
•  Good risk management skills.
•  Excellent analytical and financial reporting skills.
•  Excellent interpersonal, communication, and problem-solving skills.
•  Detail-oriented and able to meet deadlines.

Key Relationships:

• Direct Reports to this Role:
•  Finance Officers – Accounts Receivables & Payables

Internal Contacts:

•  All departments

External Contacts:

•  Regulators
•  Vendors
•  Members
•  Service providers