Background information about the job or company (e.g., role context, company overview)

Kimisitu Sacco was formed in March 1985 by a group of Staff from ICRAF. The society was formed mainly to promote thrift among its members by affording them an opportunity for accumulating their savings; and to thereby create a source of funds from which loans can be made to them exclusively for provident and productive purposes, at fair and reasonable rates ...

Responsibilities or duties

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.

Qualifications or requirements (e.g., education, skills)

Bachelor’s degree in accounting, finance, or its equivalent

Must be a CPA (K) / ACCA holder

Registered member of ICPAK in good standing

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.

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.

Experience needed

Minimum 5 years proven relevant experience.

• 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.

• 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.

• Bachelor’s degree in accounting, finance, or its equivalent
• Must be a CPA (K) / ACCA holder
• Registered member of ICPAK in good standing
• 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.