Background

Tower Sacco was founded in 1976 by a group of primary school teachers in Ol'Kalou, Kenya. The sacco was established to provide its members with a safe and convenient place to save their money, as well as access to affordable loans. Over the years, Tower Sacco has grown to become one of the largest and most successful saccos in Kenya, with a membership of ove...

Job Purpose

To support and work collaboratively with the Finance team in preparation of financial reports, performing accounts reconciliations & supporting the overall finance procedures.

Responsibilities

• Daily updating of bank remittances to members’ accounts.
• Preparing the Local purchase orders
• Reconciliation of the Cash-books with bank statements and ensuring proper posting are made into the Ledger Accounts
• Following up on outstanding bank reconciliation items as guided by the accountant.
• Managing the Society’s Journals and Ledgers
• Assisting the finance department and senior accounting staff members with various tasks, including preparing liquidity reports, record filing through EDMS, and statements of accounts.
• Sorting financial documents and posting them to the proper accounts.
• Reviewing system reports for accuracy and meticulously tracing errors back to their source.
• Preparing cheques and payment vouchers.
• Refund of members’ withdrawals and other related deductions.
• Timely and accurate processing of payments.
• Daily petty cash requisition, issuance and posting to the relevant ledgers.
• Maintaining and updating stock records, responsible for conducting physical stock counts, perform regular stock reconciliations and overall monitoring of stock transactions.
• Scanning, filing and organizing all Accounts invoices.
• Investigate ledger differences, deal with the department involved and advice the Chief Accountant on all the differences.
• Any other lawful duty as may be assigned by the Head of Finance, Chief accountant, or any other person in authority.

Qualifications and Requirements

• Minimum of CPA II/CIFA II or Diploma in Accountancy/finance & Banking or a diploma/CPA/CIFA Final/degree in relevant field.
• KCSE mean Grade C (plain) with C plain in Mathematics and English.
• Age above 24 years
• Ability to Multitask with close attention to details.
• Possess analytical skills with attention to detail
• Strong communication and presentation skills.
• Ability to maintain high level of equity, transparency and confidentiality
• Be of exemplary integrity and honesty

• Daily updating of bank remittances to members’ accounts.
• Preparing the Local purchase orders
• Reconciliation of the Cash-books with bank statements and ensuring proper posting are made into the Ledger Accounts
• Following up on outstanding bank reconciliation items as guided by the accountant.
• Managing the Society’s Journals and Ledgers
• Assisting the finance department and senior accounting staff members with various tasks, including preparing liquidity reports, record filing through EDMS, and statements of accounts.
• Sorting financial documents and posting them to the proper accounts.
• Reviewing system reports for accuracy and meticulously tracing errors back to their source.
• Preparing cheques and payment vouchers.
• Refund of members’ withdrawals and other related deductions.
• Timely and accurate processing of payments.
• Daily petty cash requisition, issuance and posting to the relevant ledgers.
• Maintaining and updating stock records, responsible for conducting physical stock counts, perform regular stock reconciliations and overall monitoring of stock transactions.
• Scanning, filing and organizing all Accounts invoices.
• Investigate ledger differences, deal with the department involved and advice the Chief Accountant on all the differences.
• Any other lawful duty as may be assigned by the Head of Finance, Chief accountant, or any other person in authority.

• Ability to Multitask with close attention to details.
• Possess analytical skills with attention to detail
• Strong communication and presentation skills.
• Ability to maintain high level of equity, transparency and confidentiality
• Be of exemplary integrity and honesty

• Minimum of CPA II/CIFA II or Diploma in Accountancy/finance & Banking or a diploma/CPA/CIFA Final/degree in relevant field.
• KCSE mean Grade C (plain) with C plain in Mathematics and English.
• Age above 24 years