Finance Manager Job Vacancy in Kenya - Waumini Sacco



Reporting to the Chief Executive Officer (CEO), The Finance Manager will provide the overall leadership and management of the finance function of the Sacco. S/He will be responsible for managing the Sacco’s financial resources and promote prudent and just stewardship of the Sacco’s financial resources, by implementing strong systems and policies of internal control that will lead to the production and application of accurate financial data. 

Roles and Responsibilities: 

Some of the Key Responsibilities of this position includes but shall not be limited to: 

  • Responsible for the smooth running of the Sacco Finance Department, 
  • Manage the Finances of the Sacco in a prudent manner 
  • Formulate a strategic financial plan encompassing directing and control process to enhance the overall business growth
  • A good team player and provide team leadership within the department through professional staff performance management 
  • Ensuring that there is effective and prudent financial controls and risk management procedures in place to provide a sustainable assurance and improvement of the organisation assets, and properly account for all Sacco Assets and liabilities and safeguarding the same 
  • Oversee and make sure that all accounting functions are thoroughly concluded to presentation for auditing, and responding to correspondents thereon 
  • Strongly maximize income while reducing expenses 
  • To administer and review the Society’s Accounting Standards and Procedures 
  • Ensure compliance with the relevant statutory, legal, social, and regulatory requirements in execution of Society business. 
  • Benchmarking on market trends in the financial sector and giving monthly reports 
  • Ensure timely and up to date reconciliations 
  • Manage and liaise with the relevant departments to ensure proper financial reports are done 
  • Oversee and advise on prudent financial management and investment undertaking by adopting sound financial policies for optimum utilization and returns. 
  • Prepare and implement finance department annual work plan 
  • Ensure relevant and prompt preparation of Monthly reports and submission to the Relevant Committee. 
  • Ensure that procurement processes and procedures are in line with the Sacco’s policy, practice, and governing laws
  • Establish and maintain a framework for processing requests in accordance with the established procurement policy and manual 
  • Chair Tender Evaluation Committee, Disposal Committee and Procurement Committee 

Minimum Qualification & Attributes

  • Bachelor’s degree in Accounting and Finance 
  •  Must be a CPA (K) holder 
  • Must be registered with ICPAK 
  • 7 years’ experience 5 of which must be in a supervisory role in the cooperative sector 
  • Good analytical, communication, organizational and interpersonal skills 
  • High degree of integrity 
  • Track record of good management and development skills 
  • Knowledge of computerized accounting systems 

Interested applicants MUST fill the Waumini Sacco online application form found on the Saccos website under vacancies section , submit together with their current CV giving their day time telephone contact, (3) referees who should be present or previous employers and a cover letter explaining suitability for the position and the expected salary to on or before 22nd July 2022. 

NB. Please include the POSITION TITLE you are applying for in the subject line of your email