Senior Finance Officer Job in Kenya

Job Title: Senior Finance Officer

Hiring Organization: Kimisitu Sacco
Location – Locality: Nairobi
Location – Region: Kenya
Industry: Financial Institution
Job Type: Full Time
Salary: KES Competitive
Date Posted: 03/27/2024

About Kimisitu Sacco

Kimisitu Sacco was formed in March 1985 by a group of Staff from ICRAF. The society was formed mainly to promote thrift among its members by affording them an opportunity for accumulating their savings; and to thereby create a source of funds from which loans can be made to them exclusively for provident and productive purposes, at fair and reasonable rates of interest; thereby enabling them to use and control their money for their mutual benefit. The Sacco’s founder members were: Dennis Wambugu (Chairman), Jane Waweru (Secretary), Simon Kanani, James Wahome Charity Kanyeki and Fred Gitau. Initially, there was no dedicated office for KIMISITU, elected officials operated from their respective employment offices and later moved to city centre in a shared office. Later the office returned to ICRAF Complex when the management of the latter agreed to provide office space at ICRAF House for the then two staff – The Manager and Accounts Clerk. In order to achieve a solid base for growth, Kimisitu opened membership to other international organizations. Among the first organizations to be admitted included IDRC, Ford Foundation and the Rockefeller Foundation consecutively in the formative years. The society has enjoyed tremendous success such that as at 31st December 2015 it had over 400 member organizations and over 7,000 individual members.

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.

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.

How To Apply

Interested candidates meeting the above requirements should apply online by filling in the data form. After completing the data form, proceed and send your application letter and a detailed Curriculum Vitae (CV) to Clearly state the subject of the email as E,g Executive Secretary, the data form must be filled in full.