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.