Company Overview

Sheria DT Sacco was registered in 1972 with a simple but powerful vision: to create a trusted financial home for the men and women who uphold Kenya's rule of law. What began as a modest savings group among Judiciary employees has grown into a thriving cooperative society serving over 20,000 members drawn from the Judiciary, ODPP, NEMA.PCK, Independent...

Job Type

Full Time

Employment Terms

Term of Service: Five (5) year renewable contract, subject to satisfactory performance against set targets and Board approval.

Location

Head Office, Upper Hill, Nairobi

Other Benefits

• Medical cover for all staff
• Group Life Assurance Cover for staff
• WIBA Cover for staff
• Annual staff training based on Training Needs Assessments (TNAs)

Key Responsibilities

• Provide strategic financial leadership and translate corporate objectives into effective financial policies, frameworks and operational plans.
• Lead, coach and develop the Finance team, promoting accuracy, accountability, integrity and continuous improvement.
• Maintain complete, accurate and timely accounting records in strict compliance with relevant legislation, IFRS, SASRA guidelines and internal policies.
• Prepare and present financial statements, management accounts, Board reports and statutory reports on a monthly, quarterly, half yearly and annual basis.
• Oversee treasury management, cash flow forecasting, liquidity management, investment monitoring and financial risk management.
• Prepare, monitor and control the Society’s revenue, capital and expenditure budgets in line with approved plans.
• Ensure compliance with financial regulations, tax obligations, internal controls, SASRA requirements, KRA requirements and applicable cooperative society legislation.
• Liaise with external auditors, KRA, banks, SASRA and other relevant institutions on financial, tax, audit and regulatory matters.
• Oversee the Fixed Assets Register, investment portfolio performance and emerging financial risks, providing timely and proactive advice to management.
• Promptly alert the Chief Executive Officer and Board to material financial irregularities, control weaknesses, emerging risks or areas of non compliance.
• Manage banking relationships and capital market engagements to support the Society’s funding strategy and growth plans.
• Collaborate with the Chief Executive Officer in the formulation, implementation and performance monitoring of the Society’s strategic plan.

Qualifications, Experience and Competencies

• Bachelor’s degree in Commerce, Business Administration, Business Management or another related field from a recognised university. A Master’s degree or MBA is an added advantage.
• Certified Public Accountant of Kenya (CPA K) and a registered member of ICPAK in good standing.
• At least ten (10) years of relevant working experience, of which at least five (5) years must be at senior management or departmental leadership level.
• Deep, demonstrable knowledge of SASRA regulations, the Co operative Societies Act, IFRS financial reporting, IFRS 9 expected credit losses, and IFRS S1 and S2 sustainability reporting readiness, as applicable.
• Knowledge of liquidity forecasting, investment concentration, asset liability management and regulatory liquidity compliance is a must.
• Proven track record in financial reporting, budget management, treasury operations, internal controls and regulatory compliance.
• Proficiency in ERP or core banking systems and Microsoft Excel. Experience with Navision or equivalent is an advantage.
• Strategic financial thinking, strong commercial acumen and sound business judgement.
• Exceptional analytical and numerical skills, with meticulous attention to detail.
• Strong leadership and people management capabilities.
• Excellent written and verbal communication skills, including the ability to present complex financial information.
• Unimpeachable integrity, professional independence and the confidence to challenge at all levels.

• Provide strategic financial leadership and translate corporate objectives into effective financial policies, frameworks and operational plans.
• Lead, coach and develop the Finance team, promoting accuracy, accountability, integrity and continuous improvement.
• Maintain complete, accurate and timely accounting records in strict compliance with relevant legislation, IFRS, SASRA guidelines and internal policies.
• Prepare and present financial statements, management accounts, Board reports and statutory reports on a monthly, quarterly, half yearly and annual basis.
• Oversee treasury management, cash flow forecasting, liquidity management, investment monitoring and financial risk management.
• Prepare, monitor and control the Society’s revenue, capital and expenditure budgets in line with approved plans.
• Ensure compliance with financial regulations, tax obligations, internal controls, SASRA requirements, KRA requirements and applicable cooperative society legislation.
• Liaise with external auditors, KRA, banks, SASRA and other relevant institutions on financial, tax, audit and regulatory matters.
• Oversee the Fixed Assets Register, investment portfolio performance and emerging financial risks, providing timely and proactive advice to management.
• Promptly alert the Chief Executive Officer and Board to material financial irregularities, control weaknesses, emerging risks or areas of non compliance.
• Manage banking relationships and capital market engagements to support the Society’s funding strategy and growth plans.
• Collaborate with the Chief Executive Officer in the formulation, implementation and performance monitoring of the Society’s strategic plan.

• Strategic financial thinking
• Strong commercial acumen
• Sound business judgement
• Exceptional analytical and numerical skills
• Meticulous attention to detail
• Strong leadership and people management capabilities
• Excellent written and verbal communication skills
• Ability to present complex financial information
• Unimpeachable integrity
• Professional independence
• Confidence to challenge at all levels
• Proficiency in ERP or core banking systems
• Proficiency in Microsoft Excel

• Bachelor’s degree in Commerce, Business Administration, Business Management or another related field from a recognised university.
• Master’s degree or MBA (added advantage)
• Certified Public Accountant of Kenya (CPA K)
• Registered member of ICPAK in good standing.
• Deep, demonstrable knowledge of SASRA regulations
• Knowledge of the Co operative Societies Act
• Knowledge of IFRS financial reporting
• Knowledge of IFRS 9 expected credit losses
• Knowledge of IFRS S1 and S2 sustainability reporting readiness
• Knowledge of liquidity forecasting
• Knowledge of investment concentration
• Knowledge of asset liability management
• Knowledge of regulatory liquidity compliance