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  • Posted: Oct 27, 2021
    Deadline: Nov 8, 2021
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  • 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 ...
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    Finance Officer

    Job Description

    The Finance Officer- Payable and Receivables is responsible for the accuracy and completeness of accounts payables transactions in the financial statements, reconciliation, and processing of payments for the suppliers and maintenance of the creditors ledger in accordance with the Sacco’s policies and accounting best practices

    Main Responsibilities

    1. Maintain accounting records of the society and processing the society’s payments.
    2. Review and verify invoices and related documents for completeness and accuracy.
    3. Prepare payment vouchers in respect of all payments and post transactions to journals, ledgers, and other records for management reporting.
    4. Prepare payment schedules and load them to the banking portal.
    5. File statutory returns for compliance.
    6. Prepare payroll payment vouchers and ensure that all payroll statutory are filed on time.
    7. Track expenses and prepare daily expenditure analysis and creditors reports for management action.
    8. Analyze and reconcile accounts payable transactions.
    9. Maintain an up-to-date filing system for payment for ease of retrieval and reference.
    10. Respond to vendor and staff inquiries on payments.
    11. Prepare general ledger reconciliations.
    12. Assist the Senior Finance Officer- Financials in preparing for audits.
    13. Liaise with banks on payments.
    14. Manage imprest and petty cash transactions.
    15. Respond to queries fromcustomers.
    16. Market the Sacco products and services.
    17. Carry out annual payment of dividends and ensuring dividend reconciliations.
    18. Ensures the insurance of assets as often as purchase is done and quarterly for loans and deposits.
    19. Perform any other responsibilities allocated from time to time

    Knowledge: Qualifications & Experience

    1. Bachelor’s Degree Finance/Accounting
    2. A minimum of three (3) years of experience working in a similar position
    3. CPA K holder or ACCA, ACA qualifications
    4. Registered with ICPAK
    5. Computer proficiency in ERP, IFRS

    Personal Attributes required for this role:

    1. Strong Interpersonal Skills
    2. A team player
    3. Ability to work with minimum supervision.
    4. Excellent written and verbal communication skills
    5. Strong attention to detail
    6. Strong work ethic and great organization and planning
    7. Proactive, Innovative and Dependable

    Method of Application

    Interested candidates meeting the above requirements should apply online by filling in the data form from the link http://www.kimisitusacco.or.ke/financeofficerpayablesandreceivablesdataform. After filling the data form, proceed and Send an Application Letter with a detailed Curriculum Vitae (CV) to [email protected]

    The data form must be filled in full. Incomplete forms will be disqualified. To be considered for this role your application must be received by C.O.B on Monday 8th November 2021. Clearly state the subject of the email as Finance Officer – Payables & Receivables. Only shortlisted candidates will be contacted.

    Interested and qualified? Go to Kimisitu Sacco on www.kimisitusacco.or.ke to apply

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

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