Finance Manager at United Winners Sacco

Posted 1 day ago - By Kenya Vacancies - Over 5 Potential Applicants

  • United Winners Savings and Credit Co-operatives Society Ltd (Formerly known as Umoja Wendani Sacco) was registered in 2001 under the Ministry of Industry Trade and Co-operatives. We, as ‘United Winners Sacco, are proud to reaffirm our commitment to all stakeholders. Our name reflects our dedication to unity and success, as we strategically position our...

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    Finance Manager
    • Job TypeFull Time
    • QualificationBA/BSc/HND , MBA/MSc/MA
    • Experience5 years
    • LocationNairobi
    • Job FieldFinance / Accounting / Audit&nbsp

    Financial Planning and Analysis

    • Budgeting: Prepare and manage the annual budget, ensuring it aligns with the SACCO’s strategic goals.
    • Forecasting: Analyze financial trends to provide forecasts and identify potential risks.

    Financial Reporting

    • Monthly Reports: Prepare and present monthly financial statements and reports to the board and stakeholders.
    • Regulatory Compliance: Ensure financial reports comply with regulatory standards and guidelines.

    Cash Flow Management

    • Monitoring Cash Flow: Manage daily cash flow to ensure the SACCO has sufficient funds for operations and member services.
    • Liquidity Management: Develop strategies to maintain liquidity while maximizing investment returns.

    Loan Management

    • Portfolio Analysis: Monitor the loan portfolio to assess performance, identify delinquencies, and manage risk.
    • Policy Development: Develop and enforce lending policies to minimize risk and ensure responsible lending practices.

    Investment Oversight

    • Investment Strategy: Formulate and implement investment strategies that align with the SACCO’s objectives.
    • Performance Monitoring: Regularly review investment performance and make recommendations for adjustments.

    Member Services

    • Financial Advisory: Provide financial advice and support to members, helping them understand products and services.
    • Member Relations: Foster positive relationships with members, addressing their financial needs and concerns.

    Team Leadership

    • Staff Management: Supervise finance department staff, providing training and support to enhance their skills.
    • Collaboration: Work closely with other departments to promote financial literacy and effective resource utilization.

    Risk Management

    • Risk Assessment: Identify financial risks and develop strategies to mitigate them.
    • Internal Controls: Establish and monitor internal controls to safeguard the SACCO’s assets.

    Strategic Planning

    • Long-term Strategy: Participate in the development of long-term financial strategies that support the SACCO’s mission and vision.
    • Performance Metrics: Set and track performance metrics to measure financial success and operational efficiency.
    • Any other lawful duties that may be assigned from time to time.

    Required Qualifications and working experience:

    • Bachelor’s degree in a business-related field
    • Masters’ degree is an added advantage
    • A professional accounting qualification CPAK finalist or ACCA
    • At least 5 years’ experience in a related field
    • Sound knowledge of Deposit -Taking Saccos and the regulator’s (SASRA) guidelines governing DT saccos. 

    Method of Application Interested and qualified? Go to United Winners Sacco on docs.google.com to apply

  • Apply Before: 31 October 2024
    Apply Now