Senior Finance Officer – Financials at Kimisitu Sacco

Job purpose:

• The Senior Finance Officer – Financials will be responsible for the day-to-day accounts of the 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.

Key Duties & 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.

Knowledge: 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 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.