Co-operative Bank of Kenya

Accountant at Co-operative Bank of Kenya

00100, Nairobi Kenya
July 7, 2024
Application deadline closed.
Deadline date:
Application deadline closed.

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