Co-operative Bank of Kenya Sacco Senior Accountant Jobs in Kenya
Our client, a Non-Deposit Taking Sacco regulated by the Sacco Societies Regulatory Authority (SASRA) and based in Nairobi is seeking to recruit qualified and highly motivated individuals to fill the position of a Senior Accountant in line with its growth strategy.
Reporting to the Finance Manager, the Senior Accountant shall be responsible for all aspects of FOSA business. Deliver business growth by offering attractive products and effectively managing operations to ensure customer satisfaction while meeting internal and regulatory compliance requirements.
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.
How to Apply
For more information and job application details, see; Co-operative Bank of Kenya Sacco Senior Accountant Jobs in Kenya
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