Head of Finance
Jobs at:Chai SACCO Society Ltd
Deadline of this Job:
04 November 2022
Date Posted: Monday, October 24, 2022 , Base Salary: Not Disclosed
Chai SACCO Society Ltd is a leading Savings and Credit Co-operative Society Ltd with fully fledged branches in Nairobi, Mombasa, Litein, Nkubu, Kisii and satellite offices in Olenguluone, Silibwet, Othaya,, Kangari, Kapsabet, Nyamira & Kutus. We are looking for self-driven and result oriented person to fill the following position.
1. Job Profile
Job Title: Head of Finance
Duty Station Headquarters-Nairobi
Reporting to CEO
Directly Supervises • Accounts Manager
• Loan Recovery Manager
• Credit Manager
2 Purpose of the Job
Provide strategic leadership in the management of the organization’s finances, by safeguarding the financial resources, financial policies and financial procedures
3. Duties and Responsibilities
I. Managerial Roles and Responsibilities
i. Work in close cooperation with the Chief Executive Officer to ensure that an appropriate financial policy framework is in place to guide the financial decision making in terms of clarity on turnover, profit, costs and investment and forward planning
ii. Contribute to the preparation of the manual budget and forecasts and formulation and implementation of divisional and departmental plans in line with the corporate objectives
iii. Maintain records to meet legal and tax requirements as well as helping managers in planning for their departments.
iv. Co-ordinate and guide Senior Management and Heads of Departments in the preparation and evaluation of divisional/departmental annual budgets and consolidate the same into a budget.
v. Continually review the Finance manuals and policy documents to ensure compliance with the strategy and the present challenges.
vi. Provide guidance on Loaning Policies and Activities in the Sacco
vii. Provide professional financial and corporate advice to Senior Management, the Board and its Committees.
viii. Prepare accurate and up to date financial and management accounting information to facilitate the preparation of reliable reports, budgets, business plans and management decisions.
ix. Create and maintain good and effective working relations with banks, financial institutions, statutory bodies and key/leading corporate clients
x. Responsible for maintaining effective cash flow and treasury management.
xi. Establish and maintain effective control systems for the preparation of monthly, quarterly and year end management and statutory accounts.
xii. Implement capital expenditure projects and asset acquisitions and maintaining an up to date assets register
xiii. Oversee the overall accounting, record keeping, report preparation and monitoring of the finances of the head office.
xiv. Participate in preparation and implementation of the Strategic Plan
xv. Supervising, training and appraising staff.
II. Operational Roles and Responsibilities
i. Design and manage the implementation of effective systems for proper recording and billing, collection of all monies due, and institution of appropriate recovery action on any outstanding debts and loans
ii. Ensure balanced processes and procedures are in place to maintain internal control and internal equity
iii. Management of the Society’s investment portfolio
iv. Management of the Society’s assets
v. Liaise with Internal Audit Department to facilitate statutory audit
III. Perform any other duties as may be assigned from time to time
Key Result Areas
The jobholder’s accountability areas are outlined as follows:
i. Implement continuous financial audit and control systems to monitor the performance of the Society, its flow of funds, the adherence to the budget, the expenditures
ii. Timely preparation and implementation of organization plans
iii. Cost effective and efficient management systems
iv. Timely and accurate reports
v. Effective internal control system procedures
vi. Accurate records of Society’s assets
vii. Controlled expenditure and budget control
4. Job Specifications
• A Master’s degree in a Business related field
• A Bachelor’s degree in a Business Relate field
• Professional qualification in either CPA (K), ACCA, ACA or any other recognized professional accounting qualification
• Membership of a professional body
b. Skills Required
• Proven track record of success facilitating progressive organizational change and development within a growing organization
• Good knowledge and understanding of computerized accounting systems preferably in a multi user/network environment
• Excellent judgment and creative problem solving skills including negotiation and conflict resolution skills.
• Strong mentoring, coaching experience to a team with diverse levels of expertise
• Entrepreneurial team player who can multitask.
• Superior management skills; ability to influence and engage direct and indirect reports and peers
• Exceptional written, oral, interpersonal, and presentation skills and ability to effectively interface with senior management
c. Minimum Experience Required
• Minimum 7 years experience in a senior management role ideally with both external audit and in-house financial management experience gained in a high-growth organization.
Job Experience: No Requirements
Work Hours: 8
Level of Education: Postgraduate Degree
Job application procedure
Interested candidates who meet the set criteria to submit their application letter together with detailed curriculum vitae with at least three contacts of professional referees, copies of academic and professional certificates to:
The HR & Administration Manager,
Chai SACCO Society Ltd,
P.O Box 278-00200, Nairobi.
All applications should be submitted on email: firstname.lastname@example.org with subject heading clearly marked “HEAD OF FINANCE”. The candidate must also attach a summary of their data as per attached data form available at www.chai-sacco.co.ke/careers (Summary data sheet must be filled in MS word format and sent as MS word format. i.e Do not scan it) Application deadline: Friday 4th November 2022 at 5:00pm
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