Job Responsibilities
General supervision of Accounts Section staff
Preparation of Society final accounts, Trial Balance, Balance sheets etc;
Preparation and presentation of annual revenue and capital budgets;
Preparation of Economic reports;
Ensure safe custody of the Society’s cheque books and other sensitive documents
Developing financial management mechanisms;
Conducting reviews/evaluations for cost reductions on various vote heads;
Managing Sacco’s financial accounting and monitoring systems;
To liaise with internal /External Auditors on audit Controls and act on management letters;
Producing accurate financial reports;
Give a cost benefit analysis on external borrowing for Board of Directors approval;
Management of staff payrolls;
Keeping abreast of changes in financial regulations and legislation;
Ensuring the Society assets and liabilities are recorded correctly and safeguarded;
Ensuring the necessary cash reserve is maintained as required by law;
Keeping and managing debtors and creditors records;
Implementation and review of the Society’s financial accounting policies and procedures;
Giving guidance in all financial and accounting matters;
Ensuring adequate budgetary controls are in place;
Advising and overseeing prudent financial management and investment;
Submitting implementation work plans and ensure proper reporting systems are in place;
Approving payments made by the Society;
Ensuring that accounts and reconciliation are done on a monthly basis and adherence to specific deadlines; and
Any other lawful duties that may be assigned from time to time.
Qualifications
Are holders of a Business related degree or its equivalent from a recognised university and CPA (K) or ACCAor
Bachelor’s Degree and CPA (K) or its equivalentor
CPA (K) and have satisfactorily served as an Accountant in the Society or a comparable position with similar responsibilities in a Sacco or in like organizations for a minimum period of 3 years.
Diploma in Co-operative Management will be an added advantage.
Have demonstrated high financial management capability and Investment.
Have good knowledge of Information Technology.
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