Background

The Co-operative Bank of Kenya Limited is incorporated in Kenya under the Company Act and is also licensed to do the business of banking under the Banking Act. The Bank was initially registered under the Co-operative Societies Act at the point of founding in 1965. 

Responsibilities

• Provide strategic financial leadership and advice to Management and the Board.
• Ensure the timely and accurate preparation and presentation of monthly, quarterly, and annual financial statements, management accounts, and Board reports in compliance with IFRS standards.
• Oversee preparation of accurate and timely financial statements and management reports.
• Lead the annual budgeting and planning process; review all financial plans and budgets, monitor progress, forecast and report on financial performance to senior management in a timely manner.
• Develop and implement the Sacco’s financial strategy, ensuring alignment with its strategic goals; provide strategic financial advice to the CEO and the Board.
• Ensure full compliance with all applicable laws and regulations, including the Co-operative Societies Act, Sacco Societies Act, Regulations and guidelines, KRA tax requirements and regulations and other statutory requirements.
• Manage the Sacco’s cash flow, treasury forecasting, and liquidity to ensure adequate funding and optimize the use of financial resources.
• Establish and maintain robust financial internal control and risk management systems and accountability frameworks to safeguard assets.
• Optimize the allocation of resources to enhance operational efficiency and scalability.
• Supervise Accounts and Procurement functions to ensure efficiency and compliance.
• Coordinate external and internal audit processes and implementation of audit recommendations.
• Monitor financial performance and recommend corrective actions where necessary.
• Lead, mentor, and develop the finance and operations teams, fostering a high-performance culture.
• Drive professional development, performance appraisals, and training for staff.
• Establish performance targets, monitor team performance, and ensure accountability.
• Support digital transformation and automation of finance processes.

Qualifications

• Bachelor’s degree in Accounting, Finance, Business Administration, Economics, Agribusiness or a Business related degree or its equivalent from a recognised university.
• A Master’s degree (MBA or equivalent) is an added advantage.
• Certified Public Accountant of Kenya CPA(K) or its equivalent.
• 6 years’ practical experience in a financial institution of which 3 years must be in a management position.

• Provide strategic financial leadership and advice to Management and the Board.
• Ensure the timely and accurate preparation and presentation of monthly, quarterly, and annual financial statements, management accounts, and Board reports in compliance with IFRS standards.
• Oversee preparation of accurate and timely financial statements and management reports.
• Lead the annual budgeting and planning process; review all financial plans and budgets, monitor progress, forecast and report on financial performance to senior management in a timely manner.
• Develop and implement the Sacco’s financial strategy, ensuring alignment with its strategic goals; provide strategic financial advice to the CEO and the Board.
• Ensure full compliance with all applicable laws and regulations, including the Co-operative Societies Act, Sacco Societies Act, Regulations and guidelines, KRA tax requirements and regulations and other statutory requirements.
• Manage the Sacco’s cash flow, treasury forecasting, and liquidity to ensure adequate funding and optimize the use of financial resources.
• Establish and maintain robust financial internal control and risk management systems and accountability frameworks to safeguard assets.
• Optimize the allocation of resources to enhance operational efficiency and scalability.
• Supervise Accounts and Procurement functions to ensure efficiency and compliance.
• Coordinate external and internal audit processes and implementation of audit recommendations.
• Monitor financial performance and recommend corrective actions where necessary.
• Lead, mentor, and develop the finance and operations teams, fostering a high-performance culture.
• Drive professional development, performance appraisals, and training for staff.
• Establish performance targets, monitor team performance, and ensure accountability.
• Support digital transformation and automation of finance processes.

• Bachelor’s degree in Accounting, Finance, Business Administration, Economics, Agribusiness or a Business related degree or its equivalent from a recognised university.
• A Master’s degree (MBA or equivalent) is an added advantage.
• Certified Public Accountant of Kenya CPA(K) or its equivalent.