Job purpose:
The Finance Manager will be responsible for sound financial management of the Society in line with the Strategic Business and Financial Plans and International Prudential Accounting Standards. The role holder is responsible for managing the Sacco's financial resources and promoting prudent and just stewardship of the Sacco's financial resources, by implementing strong systems and policies of internal control that will lead to the production and application of accurate financial data.
Duties & Responsibilities:
Formulate and implement sound financial policies, procedures, strategies, and systems.
Administer and review the Society's Accounting Norms and Procedures.
Budget and conduct trend forecasting to guide the Society Board to achieve business objectives.
Advise the Chief Executive Officer on financial strategies and their impact on the Society's objectives.
Oversee and advise on prudent financial management and investment undertakings by adopting sound financial policies for optimum utilization and returns.
Manage the Society's financial resources and assets to support the effective implementation of the Society's objectives.
Formulate a strategic financial plan encompassing directing and control processes to enhance the overall business growth.
Prepare and implement the finance department's annual work plan.
A good team player and provide team leadership within the department through professional staff performance management.
Ensure that there are effective and prudent financial controls and risk management procedures in place to provide sustainable assurance and improvement of the Sacco's assets and properly account for all Sacco Assets and liabilities and safeguarding the same.
Coordinate external audit activities, oversee, and make sure that all accounting functions are thoroughly concluded to presentation for auditing, and respond to correspondents thereon.
Ensure compliance with the relevant statutory, legal, social, and regulatory requirements in execution of Society business.
Benchmark on market trends in the finance sector and giving periodic reports to the CEO.
Ensure timely and up to date reconciliations.
Compile the Society financial reports, manage and liaise with the relevant departments to ensure proper financial reports are done.
Management of costs to achieve the Society business growth.
Responsible for the smooth running of the Finance Department, review of staff performance, identify training needs, mentor, and coach staff.
Perform financial analysis, report, and interpretation to assist in decision making.
Participate in the recruitment of staff within the department.
Ensure compliance with financial and accounting standards and regulations.
Conduct appraisals on all projects to ensure positive returns on investments.
Implement technological innovations for sound financial management practices.
Knowledge: Qualifications & Experience
Bachelor's degree in commerce, accounting, Finance, or business administration
Must be a CPA (K)/ACCA holder
Registered with ICPAK
Minimum of 8 years of relevant experience.
Advanced Excel and Microsoft Navision are an added advantage
Computer proficiency in ERP, IFRS