Ushuru Sacco Society Fosa-In-Charge Jobs in Kenya

Ushuru Sacco Society Fosa-In-Charge Jobs in Kenya

Job Details

  • Our client, Ushuru Sacco Society Ltd, is a leading open bond Sacco offering a wide range of products in loans and savings, dedicated to the provision of high level of service.

  • The Sacoo is registered under the Co-Operative Societies Act Cap 491, and licenced by the Sacco Society Regulatory Authority SASRA).

    Key Responsibilities

    Managerial Responsibilities

  • Management of staff in the department:

  • Recommend training needs for staff in the department;

  • Performance management Le goal setting and appraisal for the staff in the department:

  • Develop and enforce application of policies, procedures and the legislation, and

  • Manage relationships with other departments Le play the business partner role.

    Operational Responsibilities

  • Custody of the strong room and ensuring safe custody of the Society's cash and other assets;

  • Supervising and assigning duties to Teller:

  • Confirming of cheques for clearance:

  • Co-coordinating Fosa daily transactions and cash requirements:

  • Keeping treasury book and ensuring adequate cash reserves are maintained;

  • Forecast and make requisition for cash withdrawals based on demand;

  • Reconciliation of cash accounts and customer deposits accounts;

  • Growth on deposits Administering and interpreting the Society's FOSA policies, procedures and standards:

  • Ensuring accurate records pertaining to FOSA operations are maintained;

  • Ensuring adherence to cash security arrangements as regards to alarm systems, cash limit, safe and strong room;

  • Advising and proposing changes in plans, policies and work procedures in the FOSA:

  • Advising the immediate supervisor about training needs and promotions of
    FOSA employees

  • Custodian of the Keys Register in the FOSA:

  • Approving debit card applications and linking the cards once issued to members:

  • Carrying out snap check on the tellers’ cash and Debit cards & PIN registers to ensure reconciliations are done on daily basis;

  • Ensuring general cleanliness and tidiness within the FOSA premises and

  • Any other lawful duties that may be assigned from time to time.

    Financial Responsibility

  • Prepare the annual budget for the department:

  • Collate and guide on procurement budgets, and

  • Approving and monitoring expenditures for the department.


  • The successful candidate must have 5 years' experience in the SACCO field, 3 of which must be as a Fosa In-Charge or similar position:

  • A Degree in Business, Finance or Economics:

  • A diploma in Banking or Co-operative Management or its equivalent will be an added advantage, and

  • CPA (K) or its equivalent will be an added advantage

    How to Apply

  • Send your updated CV to

  • by 13 February 2020.

  • Clearly indicate the job title.

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