Senior Finance, Compliance & Investment Officer at Finnlemm Sacco

Job Summary (Purpose of the Job)

To provide effective support to the Finance & Investment Manager and is responsible for Financial Analysis, Investment reporting and Anti-Money Laundering compliance.

Job Role Summary

• Financial Management and Reporting
• Financial Analyst
• Investment Role – (Research and Advisory)
• Anti-Money Laundering Reporting (Compliance Role)

Key Responsibilities

Financial Management and Reporting

• Prepare monthly and periodic financial statements, including profit and loss accounts, budgets, cash flows, variance analysis and commentaries;
• Report on the Sacco’s assets and liabilities including balance sheet account reconciliations and review of intangible assets;
• Maintain accruals and prepayments schedules;
• Work closely with the Head of Finance to ensure financial systems are fit for purpose, sustainable and that users have correct access rights;
• Participate in the development, monitoring and review of departmental accounting policies, procedures and processes;
• Prepare monthly, quarterly, half-year and annual reports for management and board;
• Assist with the annual budgeting process.

Anti-Money Laundering Role

• Undertake Customer Due Diligence (CDD) as per the law and KYC/AML policies;
• Ensure compliance with local and international AML laws;
• Monitor and investigate suspicious activities and report to relevant institutions;
• Identify, assess, and mitigate risks related to money laundering and terrorist financing;
• Participate in the development, implementation and enforcement of the Sacco’s KYC/AML compliance program;
• Promote a culture of compliance through training and sensitization;
• Work closely with law enforcement, regulators, and auditors during AML investigations.

Financial Analysis and Investment Role

• Analyze financial performance and contribute to medium and long-term business planning/forecasts;
• Perform research and identify current market trends;
• Work with the Head of Finance on finance initiatives and process improvements;
• Examine financial data and recommend investment options;
• Perform financial forecasting and suggest budgets and strategies;
• Interpret and optimize financial data;
• Evaluate financial statements;
• Evaluate profit margins;
• Maintain a general ledger and accounts receivable database.
• Performs any other responsibilities assigned by the Supervisor from time to time.

Knowledge, Skills and Experience

Academic & Professional Qualifications

• Bachelor’s degree in Finance, Banking, Accounting, Economics or a business-related field;
• Holder of CPA (K) and member of ICPAK in good standing;
• At least five (5) years’ experience in financial institution operations;
• At least three (3) years’ experience in a similar position in the Financial or SACCO sector;
• Compliance and Risk Management knowledge;
• Certifications such as CFCS or Certified Forensic Fraud Examiner will be an added advantage;
• Certified Investment Analyst qualification will be an added advantage.

Technical and Interpersonal Skills

• Excellent command of computer packages; experience in Microsoft Dynamics ERP Navision is mandatory;
• Experience in financial services, compliance, auditing, or risk management;
• Hands-on experience with AML and fraud detection systems;
• Knowledge of SACCO laws, AML policies, tax legislation, and relevant regulations;
• Understanding of IFRS and SASRA Regulations;
• Strong organizational and leadership skills;
• Analytical and investigative skills with attention to detail;
• Excellent communication skills.