Sacco Senior Accountant Job in Kenya

Sacco Senior Accountant

(REF: SA/08/23)

Duties &
Responsibilities

• Ensure efficient and effective management of the FOSA
  department and supervision of staff.


• Coordinate cash collections from the bank and ensure proper
  recording in the Treasury book and system.


• Design, administer and interpret FOSA policies and procedures.


• Ensure compliance with the relevant statutory and regulatory
  requirements in the execution of FOSA operations.


• Prepare departmental budgets and ensure adequate budgetary
  controls.


• Design, implement, and promote demand-driven FOSA-related
  products and services.


• Manage all society cash payments made through the FOSA.


• Ensure the accuracy of all FOSA transactions.
  
  
  


• Ensure that the FOSA observes liquidity and cash ratios and
  that adequate levels of cash and treasury management are maintained.


• Ensure the accuracy of the treasury cash movement throughout
  the Sacco.


• Manage the operations of all FOSA loans and advances to
  ensure efficiency and income growth throughout the department.


• Prepare monthly FOSA reports as well as product/service
  consumption.


• Ensuring adherence to cash security arrangements and
  insurance requirements.


• Responsible for safe custody of cash office Strong room and
  strong room safe keys.


• Prepare, guide, mentor, and motivate FOSA staff to deliver on
  the approved strategic goals and targets.


• Conducting performance appraisals for personnel in the FOSA
  department.


• Identify irregularities such as fraud, forgery, theft, and
  cash differences, and take appropriate action in collaboration with the
  Finance Manager.


• Daily reconciliation of Cash office account transactions
  considering, Front office withdrawals, ATM withdrawals, and replenishment
  of the two accounts.


• Responsible for filling and Maintenance of all FOSA
  accounting records.


• Accountable for management of access to the treasury .


• Responsible for issuance of cash and till to the tellers and
  safe custody of the same before closing of the cash office (end-of-day
  reports).


• Adherence to the IFRS, Accounting Policies, Sacco Finance policy,
  Other Sacco Policies, and any other relevant laws and regulations
  governing the operations of the Sacco.


• Any other duties assigned by the Supervisor.

Qualifications:

• A bachelor’s degree in Co-operative Management, Banking,
  Accounting, Business, or Economics, from a recognized University.


• CPA (K) and must be an ICPAK member in good standing.


• ACCA Final (an added advantage).


• At least 5 years’ experience in carrying out finance
  functions in a Deposit-Taking Sacco Society, 3 of which should be in a
  FOSA Management/supervisory role.


• Conversant with the Co-operative Act, SACCO Act, SASRA
  requirements, and IFRS.


• Working experience with MS Dynamics Navision.

Submit by 28th August 2023. 

How To Apply

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