Accountant at Co-operative Bank of Kenya

Job Description

Tasks and Responsibilities

• Provide leadership in overall financial management in the preparation of the Sacco’s financial statements, budget formulation and Sacco investment strategy.
• 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.
• Monitoring cash flows and conducting forecasts that provide guidance to the Sacco in planning and decision-making.
• Initiate and implement sound management policies to ensure accounting processes and procedures are effective, with performance monitoring systems that comply with prudential regulatory standards and risk management strategies.
• Establish good working relations with professionals (bankers, auditors or statutory organizations) and regulators such as SASRA that support growth of a vibrant financial institution.
• Timely submission of regulatory reports
• Update the Sacco Board and management on changes in legislation or regulations that may affect business operations.
• Overseeing Human Resource management and development
• Organizing all Board and subcommittee meetings, AGMs and SGMs, supervisory and joint
  meetings as well as any other special or impromptu meetings
• Keeping minutes of all general meetings and meetings of the Board of Directors
• Performing such other duties as may be directed by the Board of Directors

Minimum Qualifications and Attributes

• A Bachelor’s Degree in Finance or related field preferably Bcom or BBM/ (Finance and Accounting) option
• A professional accounting qualification CPA K or ACCA
• Diploma in Cooperative Management will be an added advantage
• 5-7 years’ experience in Financial Management in a financial institution.
• Preferably a member in good standing with ICPAK or equivalent professional body.
• Sound knowledge of Banking and Sacco laws and regulations
• A person of integrity, team player with effective communication skills
• Strategic thinker with good commercial judgement and ability to identify economic opportunities in changing environment and capitalize on them
• Sound judgement and decision-making ability on lending across all sectors
• Customer-focused – striking a solid balance between external and internal customer orientation.
• Excellent leadership, interpersonal and team management skills