Finance Manager at - Nairobi, Kenya - Maisha Bora Sacco Ltd

Maisha Bora Sacco Ltd Nairobi, Kenya

Found in: beBee S2 KE - 2 days ago

Full time

Description

Sometime in the autumn of 1974, a small group of Unilever (Then East Africa Industries Ltd {EAI}) factory workers whirled away their mid-morning break over a cup of tea.

They mulled over their life challenges mostly revolving around personal financial needs

Who we are:

We are a tier one Sacco in Kenya seeking to recruit a result and goal-oriented Finance Manager to join our team.

Job Purpose:
Reporting directly to the C.E.

O the job holder will be responsible for establishing and maintaining an effective and efficient financial management system:
-financial reporting, cost control, budgeting, regulatory and statutory compliance, cash flow management, safeguarding the assets with an aim of attaining profitability. He / she will provide strategic leadership in the management of the organization's finances, by safeguarding the financial resources, financial policies and financial procedures.

Key Responsibilities:

Provide leadership in overall financial management in the preparation of the Sacco's financial statements, budget formulation, and Sacco investment strategy.

Formulation of sound financial management, accounting and investment strategies, policies, procedures and systems that ensure effective control and accountability for the Sacco's resources.

Preparation of timely, consistent, and accurate financial statements in accordance with the Sacco's policies and procedures and statutory reporting.

Interpretation of financial information to the Board and Management for decision making.

Monitoring and evaluation of investment portfolios to ensure investment performance is tracked and appropriate measures are taken to ensure adequate returns on invested funds.

Forecasting of cash flow requirements to ensure excess funds are invested in approved investments and are available as and when required for disbursement.

To ensure that the Sacco is Liquid and that there is enough money to meet long and short-term maturing obligations.

Advising the CEO and the Board on dividend rate and the best way to appropriate profits made during the year.

Manage the Sacco's budgets against actual performance and advise the board and senior management on modalities to maintain growth and the long-term financial goals of the Sacco.

Perform any other duty as may be assigned from time to time

Job Requirements

A bachelor's degree in accounting, Finance or relevant field
A master's degree is an added advantage.
Relevant professional certification such as CPA K ACCA
Membership in a professional body such as ICPAK
A minimum of 8 years' work experience in a similar set up
At least three years working experience in a management level in a financial institution.

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