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Finance Manager Job in Kenya

The Community Owned Financial Institution (COFI) is the first Sharia-compliant savings and credit cooperative (SACCO) in Kenya. 

COFI with the support of USAID through the Resilience and Economic Growth in Arid Lands - Improving Resilience (REGAL-IR), provides pastoralists, farmers and small- to-medium-sized entrepreneurs (SME) and other actors in the livestock value chain with the financial backing needed to build their businesses. 

We are looking for suitably qualified person to join a well motivated and dedicated team in the following position.

Finance Manager

Reporting to the General Manager, the Finance Manager will be responsible for providing financial and management support to COFI Office.

S/he will supervise the day-to-day financial operations of COFI office, budgeting, ensure internal control systems and review of on-site financial accounting and bookkeeping system required to assure the integrity and effective performance of COFI’s financial operations.

Responsibilities:
  • Examine financial documents for completeness, accuracy, and validity of financial data before making payments.
  • Monitor disbursement of funds from the project bank account(s) to ensure compliance with COFI’s financial policies and procedures.
  • Review sample of expense reports and other project expenses on a regular basis to ensure adequate support documentation, allowability, allocability and reasonability.
  • Review of monthly financial reports other financial reports and conduct bank reconciliations.
  • Assist the General Manager to prepare financial reports to donors
  • Assist program managers to develop annual operational budgets and review for accuracy, reasonability, completeness and donor compliance.
  • Develop proposal budgets for review by the General Manager in accordance with donor requirements.
  • Assist the General Manager in monitoring program expenses by ensuring timely preparation of expenditure reports, accruals and projections and burn rates on a monthly basis.
  • Review existing internal control systems to ensure financial integrity at all times; identify weaknesses and recommend corrective actions as per the GAAPs and COFI’s financial procedures.
  • Mentor and train the Finance staff in various finance functions to build their competencies in these areas.
Required Qualifications:
  • Degree in Accounting, Finance or Business Administration
  • Minimum CPA (K) or equivalent
  • Minimum of four (4) years relevant experience in finance or accounting at supervisory level.
  • Additional years of relevant work experience may be substituted for educational requirement
  • Knowledge of USAID regulations is an added advantage.
  • Previous experience with nonprofit organization will be an added advantage.
  • Excellent financial and computer skills – working knowledge of accounting software, database applications, word processing and Excel.
  • Demonstrated budgeting, budget monitoring and financial reporting skills
Interested applicants should send a CV with three referees and detailed cover letter by email to jobs.cofisacco@gmail.com by 11th December, 2014. 

Please indicate how your education and experience qualifies you for the position. 


Only those selected for interview will be contacted.

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