SACCO Accountant at Co-operative Bank of Kenya

Accountant Job Responsibilities

• Preparation of Society final accounts, Trial Balance, Balance sheets etc;
• Preparation and presentation of annual revenue and capital budgets;
• Preparation of Economic reports;
• Analysing market and competitors trends;
• Developing financial management mechanisms;
• Conducting reviews/evaluations for cost reductions on various vote heads;
• Managing Sacco’s financial accounting and monitoring systems;
• To liaise with internal /External Auditors on audit Controls and act on management letters;
• Producing accurate financial reports;
• Give a cost benefit analysis on external borrowing for Board of Directors approval;
• Management of staff payrolls;
• Keeping abreast of changes in financial regulations and legislation;
• Ensuring the Society assets and liabilities are recorded correctly and safeguarded;
• Ensuring the necessary cash reserve is maintained as required by law;
• Keeping and managing debtors and creditors records;
• Implementation and review of the Society’s financial accounting policies and procedures;
• Giving guidance in all financial and accounting matters;
• Ensuring adequate budgetary controls are in place;
• Advising and overseeing prudent financial management and investment;
• Submitting implementation work plans and ensure proper reporting systems are in place;
• Approving payments made by the Society;
• Ensuring that accounts and reconciliation are done on a monthly basis and adherence to specific deadlines; and
• Any other lawful duties that may be assigned from time to time.

Qualifications for the Accountant Job

• Are holders of a Business related degree or its equivalent from a recognised university and CPA (K) or ACCA
• Bachelor’s Degree and CPA (K) or its equivalent or CPA (K) and have satisfactorily served as an Accountant in the Society or a comparable position with similar responsibilities in a Sacco or in like organizations for a minimum period of 3 years.
• Diploma in Co-operative Management will be an added advantage.
• Have demonstrated high financial management capability and Investment.
• Have good knowledge of Information Technology.
• High financial management capability.
• Judgment and decision-making ability
• Strong analytical, financial reporting, and presentation skills with the ability to present complex issues clearly and concisely
• Accuracy and attention to detail
• High leadership and administrative capacity
• Ability to plan and execute tasks with minimal supervision
• Excellent communication and interpersonal skills.
• Good IT skills and Proficient in Microsoft office suite