United Nations DT Sacco Society Limited (UN DT SACCO)
Consultancy: Assistant Project Consultant
Location: UN SACCO – GIGIRI SQUARE BUILDING
Type of Contract: INDIVIDUAL CONSULTANCY
Languages Required: English
Duration of Initial Contract: NINE (9) MONTHS
Starting Date: 1/10/2022
A. Background
United Nations DT Sacco Society Limited (UN DT SACCO) was registered
in 1975 with the objective of providing a mechanism for United Nations
(UN) employees to save and borrow at affordable rates to
meet their socio-economic needs.
The UN DT Sacco Currently has an asset base of over Kes 14 billion with over 6,500 members. This has necessitated the recruitment of additional an Assistant Project Consultant to enable seamless services in ensuring the sustenance of members and the growth of the institution.
To achieve both its short-term and long-term objectives, UN DT Sacco would like to engage the services of an Assistant Project Consultant to assist it to undertake several projects and services.
B. Objectives of the assignment
The overall objective of the engagement is:
(i) Support UN DT SACCO compliance and review for quality assurance
(ii) Analyze unexpected credit loss model in line with IFRS9 requirements
(iii) Review operational efficiency
(iv) Program Initiations for Business Continuity Plan Implementation
(v) Support Enterprise Risk Management Implementation
(vi) Review and strengthen WICL strategic plan with short, mid-term and long-term goals
C. Scope of the Assignment
The detailed scope of the work will be:
(i) IFRS 9 model
The overall objective of the engagement is:
- Prepare TOR for IFRS9 consultancy including and not limited to
- detailed analysis of unexpected credit loss model in line with the requirements of IFRS9.
- Analysing the data for at least 5 years while making the model.
- Comprehensive staff technical training on IFRS9 implementation
- To assist in the review and advise Management on such other matters as would be necessary for the effective implementation of IFRS9.
- Final review Reports on IFRS9.
- IFRS9 template
- IFRS9 modelling
- Work closely with the IFRS consultant and the Head of Finance, Investment and Corporate Planning to ensure a new model is developed, tested and is signed off to confirm all issues raised in the previous model are addressed.
(ii) Financial Reconciliations and Improvements.
The overall objective of the engagement is to review the following processes/plans efficacy:
- The Service Charter
- UN DT SACCO Contracts –efficiency of investments
- Insurance Contracts
- Forex Management
- Bank reconciliations and its efficiency, including 2020/02: Long Outstanding Items on Bank
Reconciliation - Leading and ensuring success in the rollout of bank integration with KCB Initiating bank
integration plans with Co-operative Bank. - Analysis and recommendations on transactions likely to be impacted by the UFAA Act
- Tax (Income tax, VAT, Excise Duty, Digital Services Tax etc) compliance checks and
recommendations - Review the current Anti-Money Laundering and KYC practices of the Sacco and recommend
improvements.
(iii) BCP
The overall objective of the engagement is
- Work closely with the Head of Audit, Risk and Compliance to ensure groundwork is done to
implement recommendations from the BCM consultancy e.g. working with each department
to ensure departmental BCM plans are in place, documented and tested, identifying some of
the low-lying fruits in terms of BCM recommendations and ensuring these are documented
and implemented. etc.
(iv) ERM
The overall objective of the engagement is:
- Work closely with the Head of Audit, Risk and Compliance to ensure groundwork is done to
implement recommendations from the ERM consultancy by, Collecting and collating the
identified by each department so that a risk register is put in place, working with departments
to ensure risk champions are nominated and taken through a briefing on their roles etc.
D. Duration of Work (Period of Assignment)
The duration of the consultancy is of 10 months. The starting date is upon contract signature.
E. Duty Station
UN DT Sacco Office at Gigiri and consultant’s own offices. However, the consultant will be
required to report regularly and be present for meetings when need be.
F. Education, Experience, Skills and Competencies
The Individual Consultant must possess the following minimum qualifications:
(i) Academic and Professional Qualifications
a. Bachelor’s degree in Commerce, Finance, Economics, Accounting and Banking.
b. A Master’s degree in the line of Business will be an added advantage
c. Certified Public Accountant – CPA (K) or Association of Chartered Certified Accountants –
ACCA
d. Member of a professional body e.g., ICPAK
e. Finance, Corporate Social Responsibility and Reporting.
(ii) Experience
a. Experience in Financial Sector for at least 10 years. Applicable experience in the Banking or
Sacco industry will be an added advantage.
b. At least 8 years experience in Financial Accounting and Reporting function, Auditing and
Financials Management.
c. Proficiency in finance investments and bankable projects
d. Tax knowledge and skills
e. Deep knowledge of the financial industry and regulations
(iii) Skills and Competencies
a. Strong knowledge of International Public Sector Accounting Standards (IPSAS) or International Financial Reporting Standards (IFRS) is required.
b. Competent in standard Office Suite software (Word, Excel, Access, and PowerPoint) and working knowledge of SAP and/or Navision ERP.
c. Demonstrated ability to produce clear reports as per the guidance of Terms of Reference.
d. Attention to detail, analytical and problem-solving skills.
e. Interpersonal and communication skills, both oral and written
f. The ability to cope with pressure and challenges
g. commercial awareness, understanding of business environments and strong business
acumen.
How to Apply
If you believe you can clearly demonstrate your abilities to meet the above criteria, please send
your application and a detailed CV to careers@skillsglobal.co.ke.
To be considered, your application must be received by Wednesday, September 7, 2022