Finance Manager at Tier-One Sacco

  • Published date: March 13, 2024
  • Category: Accounting, Auditing & Finance
    • Location: Nairobi, Nairobi
  • Jop type:
  • Salary: Ksh Not mentioned
  • Company name: Jobs in Kenya

Job Description


Who we are:
We are a tier one Sacco in Kenya seeking to recruit a result and goal-oriented Finance Manager to join our team.


Job Purpose:
Reporting directly to the C.E.O the job holder will be responsible for establishing and maintaining an effective and efficient financial management system: -financial reporting, cost control, budgeting, regulatory and statutory compliance, cash flow management, safeguarding the assets with an aim of attaining profitability. He / she will provide strategic leadership in the management of the organization’s finances, by safeguarding the financial resources, financial policies and financial procedures.


Key Responsibilities:



  • Provide leadership in overall financial management in the preparation of the Sacco’s financial statements, budget formulation, and Sacco investment strategy.

  • Formulation of sound financial management, accounting and investment strategies, policies, procedures and systems that ensure effective control and accountability for the Sacco’s resources.

  • 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 and Management for decision making.

  • Monitoring and evaluation of investment portfolios to ensure investment performance is tracked and appropriate measures are taken to ensure adequate returns on invested funds.

  • Forecasting of cash flow requirements to ensure excess funds are invested in approved investments and are available as and when required for disbursement.

  • To ensure that the Sacco is Liquid and that there is enough money to meet long and short-term maturing obligations.

  • Advising the CEO and the Board on dividend rate and the best way to appropriate profits made during the year.

  • Manage the Sacco’s budgets against actual performance and advise the board and senior management on modalities to maintain growth and the long-term financial goals of the Sacco.

  • Perform any other duty as may be assigned from time to time


Job Requirements



  • A bachelor’s degree in accounting, Finance or relevant field

  • A master’s degree is an added advantage.

  • Relevant professional certification such as CPA K ACCA

  • Membership in a professional body such as ICPAK

  • A minimum of 8 years’ work experience in a similar set up

  • At least three years working experience in a management level in a financial institution.


Only shortlisted candidates will be contacted.



 

Method of Application


Interested and qualified? Go to docs.google.com to apply

 

Share by email Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Pin on Pinterest

Apply Now

Related jobs

  • Senior Teller at SMEP Microfinance Bank
    Jobs in Kenya

    SENIOR TELLERS:  – SNR. T/03/24 Job Summary:  Reporting to the Branch Manager, the successful candidate will be responsible for managing tellers, control movement of money from/to strong room and tellers and ensure tellers observe lai...

    March 11, 2024

    Ksh Not mentioned


    Apply Now

  • Relationship Manager – Business Developmen(Log Books Loans) at SMEP Microfinance Bank
    Jobs in Kenya

    RELATIONSHIP OFFICERS – BUSINESS DEVELOPMENT (LOG BOOK LOANS)- RO-BD/03/24  Reporting to the Relationship Manager – Business Development, the position holder will be responsible for providing supervision and direction to the independ...

    March 11, 2024

    Ksh Not mentioned


    Apply Now

  • Internal Audit Officer at Letshego Kenya Limited
    Jobs in Kenya

    Job Summary Job Purpose: The job holder will be required to provide independent and objective assurance on the effectiveness of risk management, control and governance processes to add value and improve organization's operations. Responsibilities Key...

    March 5, 2024

    Ksh Not mentioned


    Apply Now