Finance Manager at United Winners Sacco

Financial Planning and Analysis

• Budgeting: Prepare and manage the annual budget, ensuring it aligns with the SACCO’s strategic goals.
• Forecasting: Analyze financial trends to provide forecasts and identify potential risks.

Financial Reporting

• Monthly Reports: Prepare and present monthly financial statements and reports to the board and stakeholders.
• Regulatory Compliance: Ensure financial reports comply with regulatory standards and guidelines.

Cash Flow Management

• Monitoring Cash Flow: Manage daily cash flow to ensure the SACCO has sufficient funds for operations and member services.
• Liquidity Management: Develop strategies to maintain liquidity while maximizing investment returns.

Loan Management

• Portfolio Analysis: Monitor the loan portfolio to assess performance, identify delinquencies, and manage risk.
• Policy Development: Develop and enforce lending policies to minimize risk and ensure responsible lending practices.

Investment Oversight

• Investment Strategy: Formulate and implement investment strategies that align with the SACCO’s objectives.
• Performance Monitoring: Regularly review investment performance and make recommendations for adjustments.

Member Services

• Financial Advisory: Provide financial advice and support to members, helping them understand products and services.
• Member Relations: Foster positive relationships with members, addressing their financial needs and concerns.

Team Leadership

• Staff Management: Supervise finance department staff, providing training and support to enhance their skills.
• Collaboration: Work closely with other departments to promote financial literacy and effective resource utilization.

Risk Management

• Risk Assessment: Identify financial risks and develop strategies to mitigate them.
• Internal Controls: Establish and monitor internal controls to safeguard the SACCO’s assets.

Strategic Planning

• Long-term Strategy: Participate in the development of long-term financial strategies that support the SACCO’s mission and vision.
• Performance Metrics: Set and track performance metrics to measure financial success and operational efficiency.
• Any other lawful duties that may be assigned from time to time.

Required Qualifications and working experience:

• Bachelor’s degree in a business-related field
• Masters’ degree is an added advantage
• A professional accounting qualification CPAK finalist or ACCA
• At least 5 years’ experience in a related field
• Sound knowledge of Deposit -Taking Saccos and the regulator’s (SASRA) guidelines governing DT saccos.