Sacco Manager at Mini Group

Key Duties & Responsibilities

• Strategic Leadership & Planning
• Develop and implement strategic and business plans aligned with Board directives and SACCO objectives.
• Lead, inspire, and mentor teams to achieve performance targets and uphold cooperative values.
• Provide regular performance, risk, and operational updates to the Board.
• Monitor emerging industry trends and propose innovative strategies for growth and sustainability.
• Financial Management
• Oversee prudent financial management, budgeting, forecasting, and reporting.
• Manage the loan portfolio to maintain profitability and minimize default rates.
• Ensure compliance with SASRA financial requirements including capital adequacy, liquidity, and reporting.
• Implement robust internal controls to safeguard SACCO assets and ensure transparency.
• Membership Growth & Service Delivery
• Formulate and execute strategies to attract new members and retain existing ones.
• Oversee delivery of efficient and high-quality member services.
• Maintain strong member relations by addressing concerns and enhancing satisfaction.
• Operations Management
• Supervise day-to-day SACCO operations, including loan processing, savings mobilization, and customer service.
• Ensure operational procedures and policies are well-documented, efficient, and compliant.
• Oversee IT system utilization, ensuring data security and operational efficiency.
• Regulatory Compliance & Risk Management
• Ensure adherence to SASRA, Co-operative Act, and all relevant financial regulations.
• Implement risk management frameworks to mitigate operational, financial, and legal risks.
• Facilitate audits and inspections, ensuring timely implementation of recommendations.
• Human Resource Management
• Oversee recruitment, training, performance appraisal, and development of SACCO staff.
• Foster a culture of accountability, professionalism, and continuous improvement.
• Motivate and mentor teams to achieve organizational goals.
• Stakeholder Engagement
• Liaise effectively with the Board, members, auditors, regulators, and other stakeholders.
• Represent the SACCO in industry forums, regulatory engagements, and member events.
• Build and maintain strong partnerships to enhance SACCO visibility and influence.
• Reporting & Performance Monitoring
• Prepare accurate and timely reports on financial, operational, and strategic performance.
• Ensure compliance with all statutory and regulatory reporting requirements.
• Provide data-driven insights to support Board decision-making and strategic planning.

Qualifications & Experience

• Bachelor’s Degree in Business Administration, Finance, Economics, or related field.
• Minimum 5 years of progressive experience in financial services, with at least 3 years in a managerial role.
• Strong understanding of SACCO operations, SASRA guidelines, and cooperative principles.
• Proven experience in strategic planning, financial management, and risk management.
• Familiarity with the Co-operative Act, SASRA regulations, and Kenyan financial regulatory frameworks.