Senior FOSA Accountant at Sheria DT Sacco

Employment Terms

• Term of Service: Permanent and Pensionable
• Entry Grade: SG5 of Sheria DT Sacco
• Basic Salary: Ksh. 68,788.59 to 109,637.13
• House Allowance: Ksh. 21,500
• Commuter Allowance: Ksh. 10,000
• Extraneous Allowance: 15% of Basic Salary
• Annual Leave: 30 working days
• All Other Leaves: As per the current HR Policy
• Location: Upper Hill, Nairobi

Other Benefits

• Medical cover for all staff
• Group Life Assurance Cover for staff
• WIBA Cover for staff
• Annual staff training based on Training Needs Assessments (TNAs)

Key Responsibilities

• Prepare and analyse monthly, quarterly and annual financial statements, including balance sheets, income statements and cash flow statements, to the required level of accuracy and standard.
• Manage general ledger functions, post and review journal entries, and promptly investigate and resolve account discrepancies.
• Prepare cash balancing, vault and teller reconciliations, cash difference reports, transaction reversals and exception monitoring within the approved segregation of duties framework.
• Coordinate with internal and external auditors, prepare comprehensive audit files and support tax compliance processes.
• Assist the FOSA Manager in financial forecasting, budget variance analysis and departmental budget monitoring.
• Supervise, train and appraise junior accountants and clerical staff, ensuring quality output and continuous professional development.
• Evaluate and improve accounting procedures to strengthen internal controls and enhance operational efficiency within the FOSA department.
• Ensure strict adherence to applicable IFRS, SASRA requirements and the Society’s accounting policies.
• Prepare periodic management reports and reconciliation schedules for review by the FOSA Manager and senior management.

Qualifications, Experience and Competencies

• Bachelor’s degree in a business related field with a specialisation in Accounting or Finance from a recognised university.
• Holder of CPA K.
• At least three (3) years of progressive accounting experience in a similar role, preferably within a SACCO, microfinance institution or regulated financial environment.
• Proficiency in Microsoft Excel and working knowledge of ERP or accounting software such as SAP, Oracle, QuickBooks or equivalent SACCO banking systems.
• Knowledge of GAAP and financial statement preparation, including month end and year end closing processes.
• Strong analytical thinking and numerical accuracy, with a keen eye for detail.
• Effective supervisory and mentoring skills, excellent written and verbal communication skills, and a high level of professional integrity and reliability.