Sacco Head of Finance
Full time @Co-operative Bank of Kenya posted 9 hours ago in Business and Finance Shortlist Email JobJob Detail
-
Experience 6 Years
-
Industry Finance/Banking
-
Qualifications Degree Bachelor
Job Description
Duties & Responsibilities
- Provide strategic financial leadership and advice to Management and the Board.
- Ensure the timely and accurate preparation and presentation of monthly, quarterly, and annual financial statements, management accounts, and Board reports in compliance with IFRS standards.
- Oversee the preparation of accurate and timely financial statements and management reports.
- Lead the annual budgeting and planning process; review all financial plans and budgets, monitor progress, forecast, and report on financial performance to senior management promptly.
- Develop and implement the Sacco’s financial strategy, ensuring alignment with its strategic goals; provide strategic financial advice to the CEO and the Board.
- Ensure full compliance with all applicable laws and regulations, including the Co-operative Societies Act, Sacco Societies Act, Regulations and guidelines, KRA tax requirements and regulations and other statutory requirements.
- Manage the Sacco’s cash flow, treasury forecasting, and liquidity to ensure adequate funding and optimize the use of financial resources.
- Establish and maintain robust financial internal control and risk management systems and accountability frameworks to safeguard assets.
- Optimize the allocation of resources to enhance operational efficiency and scalability.
- Supervise Accounts and Procurement functions to ensure efficiency and compliance.
- Coordinate external and internal audit processes and implementation of audit recommendations.
- Monitor financial performance and recommend corrective actions where necessary.
- Lead, mentor, and develop the finance and operations teams, fostering a high-performance culture.
- Drive professional development, performance appraisals, and training for staff.
- Establish performance targets, monitor team performance, and ensure accountability.
- Support digital transformation and automation of finance processes.
Qualifications
- Bachelor’s degree in Accounting, Finance, Business Administration, Economics, Agribusiness or a business-related degree or its equivalent from a recognised university.
- A Master’s degree (MBA or equivalent) is an added advantage.
- Certified Public Accountant of Kenya CPA(K) or its equivalent.
- 6 years’ practical experience in a financial institution, of which 3 years must be in a management position.
