Sacco Manager at Corporate Staffing

Duties & Responsibilities

• To be responsible for the implementation of the SACCO’s strategic business plans.
• To be responsible for the implementation of and adherence to the policies, procedures, and standards.
• To be responsible for the SACCO’s investments and management of a balanced investment portfolio.
• To be responsible for the management, development & maintenance of a high-performance team by providing transformative leadership & effective supervision, guidance, and initiating training of staff and members under your jurisdiction.
• To be responsible for the Sacco’s financial & operational planning, forecasting, and budgeting and be able to conceptualize and explain variances.
• To be responsible for prudent management of costs so as to achieve business growth as outlined in the strategic plan.
• To be responsible for supporting the board’s decisions making preparation, analysis & presentation of comprehensive, timely, reliable, and compliant financial reports.
• To ensure effective implementation of financial, operational & accounting policies and procedures.
• To prepare weekly, monthly, and quarterly reports on the performance of the entire SACCO’s key result areas for the board and advise accordingly.
• To ensure compliance with all statutory and regulatory requirements of the SACCO & be able to propose changes to the board such as SACCO ACT, rules, by-laws, and Cooperative rules.
• To cause to develop and provide high-quality products and efficient services which are value-adding to members so as to enhance market share and revenue command of the SACCO.
• To provide support to the board of directors by organizing all board and sub-committee meetings, annual and special general meetings, and supervisory meetings as and when required.
• To build and develop a highly motivated team of employees through embedding performance development and coaching through identification of staff training needs and enshrine them in the training and education programs of the society.
• To develop and operate a financial services network of branches based on assessment from relevant officials — on quality member service, innovative savings, loan products, and introduction of new business opportunities.
• To promote the SACCO’s corporate image by portraying it to society in a professional manner at all times.
• To attend and participate in board meetings, seminars, and conferences at all levels to keep informed of the developments affecting the SACCO movement and business environment in general.
• To support the board of directors in developing a strategic plan upon which other SACCO plans will be hinged to drive the vision and mission of the SACCO business into the future.
• To implement, without delay, all recommendations from the government regulatory bodies, BOD, internal and external audit reports, and consultants based on agreements arrived at with the Board.
• To cause to ensure the correctness of books of accounts, receipts, and disbursements are well maintained.
• To ensure safe custody of all funds, documents, and property belonging to the SACCO and ensure their safekeeping.
• To keep minutes of all general meetings and meetings of the board of directors.
• To prepare, approve, and authorize all official correspondence of the SACCO.
• Head of the HR function and overall staff welfare as well as the implementation of the Staff Performance System (PMS).
• To perform such other duties as may be directed by the board of directors.
• Impact of Results
• Effective and efficient overall planning, administration, coordination, and evaluation of all functions of the SACCO.

Qualifications:

• Bachelor’s degree in Business Administration, Finance, Accounting, or a related field.
• Proven 5 years experience in a senior management role within a financial institution, preferably a Sacco or credit union.
• Experience in the transport sector is preferred.
• Strong understanding of financial management, risk management, and regulatory compliance.
• Excellent leadership, communication, and interpersonal skills.
• Ability to develop and implement strategic plans and drive organizational growth.
• Proficiency in using financial management software and other relevant IT tools.