Daima Sacco Ltd Finance Manager Jobs in Kenya

Daima Sacco Ltd Finance Manager Jobs in Kenya


  • Reporting to the Chief Executive Officer, the Finance Manager is responsible for planning, organizing and controlling the accounting function for an appropriate and accurate overall accounting system in the Sacco operations. Specifically, the roles attached to this position includes;

  • Preparing financial statements as per the International Financial Reporting Standards, meeting specifications as provided for under the Sacco Societies Act

  • Ensuring that monthly trial balance is presented to the board through the CEO and advice the board on financial status of the society.

  • Preparing budgets and cash flow projections in consultation with C.E.O.

  • Ensuring timely and accurate monthly bank reconciliations on Sacco bank accounts, suspense accounts, POS and Mpesa pay bill accounts

  • Ensuring that the regulatory reports/returns are properly compiled and sent as per the regulatory requirements eg SASRA, KRA, NSSF, NHIF etc

  • Monitoring and timely replenishing/repatriating cash from/to the bank and branches

  • Recommending investment of surplus members’ funds in consultation with the CEO

  • Preparing liquidity assessment for the Society

  • Recommending staff loans and salary advances

  • Chairing the Tender and Procurement committee

  • Ensuring transparency, accountability and effective use of Sacco’s financial resources and assets.

  • Assisting in development and implementation of Sacco policies, rules, and procedures in liaison with the CEO and the board.

  • Assisting in development/reviewing of Sacco products and services.

  • To act in CEO’s position in his/her absence.

  • Appraising the staff under Finance department and ensures that they are working according to laid down procedures.

  • Approving the staff Pay roll before it is posted.

  • A custodian to all Sacco cheques.

  • Ensuring timely payment/renewal of all relevant Sacco licenses; SASRA, County etc.

  • Ensuring all requisite insurance covers are in place and premium payments done timely.

  • Marketing and cross-selling the Sacco products and services.

  • Any other relevant duties as may be assigned by the CEO.

    Qualification / Requirements

    Skills, Competencies and Experience

  • Degree in a business related field.

  • CPA(K); ACCA also acceptable.

  • Minimum 3 years’ relevant experience with practical knowledge of a deposit taking Sacco’s operations, processes and procedures.

  • Proficiency in computer application, especially in accounting packages and systems.

  • Knowledge of various Sacco software systems an added advantage.

  • Training in leadership and managerial skills including coaching an added advantage.

  • Have excellent financial analysis skills.

  • Have excellent communication and interpersonal skills.

  • Have excellent report writing and presentation skills.

  • Possess leadership and supervisory skills.

  • Possess analytical and critical thinking skills.

    How to Apply

  • For more information and job application details, see; Daima Sacco Ltd Finance Manager Jobs in Kenya

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