Finance Manager

Date Posted: June 18, 2021, 7:42 a.m.

Job Description

We are a market leader in the SACCO industry located in Nairobi and offering FOSA services to our members. As part of our growth strategy, we are looking to hire a qualified staff to fill the above position. The job holder will be expected to offer high level financial leadership in regards to the Sacco’s operations. The position holder is also responsible for leading, controlling and forecasting the society’s investments, savings and cost management activities.

Qualifications and Skills:

CPA (K) or any other Locally recognized Financial professional qualification, membership of ICPAK in good standing is mandatory

A degree in finance or accounting is mandatory and a post graduate degree in related fields is an added advantage

8 years working experience with at least five (5) years’ experience in a financial field at senior level, experience in DT Sacco will be added advantage.

Conversant with SACCO regulations and financial institutions reporting requirements, including SASRA and CBK requirements and IFRS.

 

KEY COMPETENCIES:

Must portray leadership and strong interpersonal and report writing skills.

Strategic thinker, result oriented and an open analytical mind.

Ability to work independently and effectively on strict deadlines

Good communication and organizational skills

High degree of integrity

Knowledge of computerized banking systems

Negotiation skills and the ability to develop strong working relationships

Commercial, risk and business awareness

A keen eye for detail and desire to probe further into data

An agile thinker

Diligence and prudential character who will not blindly follow instructions from title holders.

 

Responsibilities

DUTIES AND RESPONSIBILITIES:

Developing, maintaining and enforcing sound financial processes, procedures and controls and ensuring compliance to both internal, regulatory and international reporting requirements across the society including overseeing compliance with applicable laws, regulations, policy and procedures.

Be the financial advisor to the CEO and the Board of Directors on all financial matters, funds and liquidity management in the society

Undertake continuous risk assessment and apply effective internal controls

Overseeing the flow of cash and financial instruments and management of financial partners for optimal returns including Treasury and cash management

Planning, coordinating and directing the activities of branches and branch managers.

Collecting, interpreting and reviewing financial information including overseeing all mandatory financial reconciliations in the business to ensure they are done within the set deadlines

Prepare and implement finance department annual work plan including predicting future financial trends , opportunities and financial risks and advising on action plans.

Reporting to management, the Board and stakeholders, and providing advice on how the society’s future business decisions might be impacted by current activities and trends

Producing financial reports related to budgets, income/revenue, loans and loans provisioning, portfolio at risk, account payables, account receivables, expenses among others and developing long-term business plans based on these reports

Preserve and grow Sacco financial assets

Reviewing, monitoring and managing the Sacco annual budgets

Developing strategies that work to minimise financial risk

Collaborate with Auditors & regulators

Analysing market trends and competitors

 

How To Apply

Interested and qualified candidates should apply to Safaricom Sacco via the company's job application portal using the link Jobs at Safaricom Sacco

Apply for this Job Now

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