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
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 jobs@kimisitusacco.or.ke
Clearly state the subject of the email as E,g Executive
Secretary, the data form must be filled in full.
