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The Co-operative Bank of Kenya Limited is incorporated in Kenya under the Company Act and is also licensed to do the business of banking under the Banking Act. The Bank was initially registered under the Co-operative Societies Act at the point of founding in 1965. This status was retained up to and until June 27th 2008 when the Banks Special General Meeti...
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Tasks and Responsibilities
- Develop strategy & road map for improving the financial performance of the Microfinance department
- Manage the Micro-finance department Portfolio (Deposit & Credit)
- Conduct Research and Development
- Drive the department team to ensure that customers’ needs are met
- Build long-lasting relationships with the group members
- Create a culture of high performance among staff within the department
- Ensure that the department’s procedures are followed to mitigate risks.
- Coordinate Credit Appraisal & Deposit Mobilization at a department level
- Coordinate business development initiatives at the department level
Minimum Qualifications and Skills
- A Bachelor’s Degree in Accounting/Finance or a Business-Related Degree from a recognized university
- CPA K or Credit Management Certification
- Membership in a professional body is desirable
- A minimum of 5 years experience in micro-credit in a busy financial institution (three years must be at supervisory or management level)
- Sound knowledge of Sacco laws and regulations
- A person of integrity, a team player with effective communication skills
- Sound judgment and decision-making ability on lending across all sectors
- Excellent analytical, interpersonal, and team management skills
- Working knowledge in Product Development and Market Research
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Tasks and Responsibilities
- Market Micro-credit products and services to the target clients and maintain the image of Micro-Credit activities under the guidance of the Micro Finance Manager
- Deposit Mobilization
- Maintain good relationship with groups and frequent visit
- Disbursement and processing of loans
- Maintain quality portfolio by closely monitoring repayment of loans from customers and ensuring prompt follow-ups
- Recruiting clients, groups and business appraisal
- To identify and locate prospective micro-credit clients
- To plan periodic visits to identifiable clients
- Prepare Micro-Credit loan applications for approval
- Prepare weekly and monthly returns/reports to the Micro Finance Manager
Minimum Qualifications and Skills
- A Bachelor’s Degree in Accounting/Finance or a Business-Related Degree from a recognized university.
- CPA II or Credit Management Certification.
- A minimum of 3 years experience in micro-credit in a busy financial institution.
- Sound knowledge of Sacco laws and regulations.
- A person of integrity, and a team player with effective communication skills.
- Sound judgment and decision-making ability on lending across all sectors.
- Excellent analytical, interpersonal, and team management skills.
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Tasks and Responsibilities
- Ensure strict adherence to loan policies/guidelines for the issuance of quality loans
- Ensure member’s eligibility for loaning including the ability to repay and securities
- Ensure members are advised appropriately based on their loan appraisal status/position
- Ensure that all loans issued are effectively guaranteed
- Ensure timely loan appraisals within set time limits and communicate feedback to members within acceptable timelines
- Ensure a timely and effective loan approval process within set limits, by presenting appraised loans for approval and approving the same in the system.
- Ensure timely and accurate disbursement of approved loans
- Ensure all loan forms processed, rejected, and deferred are kept safely and in member files
- Monitor all collaterals used for loans and ensure they are adequate and well updated
- Ensure effective communication and advice to members on loan matters/queries
- Ensure that new & continuing members’ deductions on savings, share capital and any other statutory deductions are accurate and timely
- Ensure all employer remittances/payments to the Sacco in lieu of Sacco loan payments are received and forwarded to Finance for settlement
- Ensure that all default notices and guarantor notices are issued in a timely manner
- Ensure guarantor/collaterals substitutions are done accurately and in a timely manner
Minimum Qualifications and Skills
- A Bachelor’s Degree in Accounting/Finance or a Business-Related Degree from a recognized university
- CPA II or Credit Management Certification
- A minimum of 3 years of experience in a busy financial institution
- Sound knowledge of Sacco laws and regulations
- A person of integrity, and team player with effective communication skills
- Sound judgment and decision-making ability on lending across all sectors
- Excellent analytical, interpersonal, and team management skills
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Tasks and Responsibilities
- Developing internal audit, risk and compliance strategies and manuals detailing the procedures and best practices
- Developing, implementing, and reviewing the internal audit charter
- Developing comprehensive audit programs and audit plans to cover all the activities and programs
- Test the institution’s disaster recovery and incidents management programs and advice the management on areas of improvement
- Conducting timely risk-based internal audits and advising the board of directors on all audit matters
- Assessing the reliability and integrity of financial, operating procedures and compliance with set policies
- Economic efficiency and effectiveness in utilization of the Sacco’s resources
- Providing practical solutions to improve overall efficiencies and enhance internal controls
- Monitoring the level of compliance with laws, rules, regulations, policies, processes, and procedures
- Conducting investigation on suspected internal fraud and corruption
- Proactively keeping the board of directors and management aware of emerging trends regarding internal controls, risk management, governance and internal auditing
- Preparing and presenting accurate internal audit reports to the board of directors monthly, review and follow up on agreed issues
- Liaising with external auditors when audits are undertaken
- Providing support, technical and secretarial services to the supervisory committee in the performance of its duties under these regulations and the Cooperative Societies Act 1997
- Promoting the highest standards of ethics and standards in the Sacco Society based on the principles of integrity
- Developing in collaboration with the Board, implementing, reviewing and advising on effectiveness of the risk management framework and policies
- Provide guidance on emerging operational, legal and regulatory compliance matters
Minimum Qualifications and Attributes
- A degree in finance or related field
- A Master’s degree in Commerce, Business Administration, Finance, Accounting or any other relevant field of study will be an added advantage
- CPA – K/ACCA qualification
- Five (5) years of working experience in a finance function with a minimum 3 years of auditing experience in a senior position in a Deposit Taking Sacco
- Membership in a professional body with good standing
- CISA certification
- A firm understanding of internal auditing standards and application
- Knowledge and effective application of all relevant Sacco policies, processes, procedures and guidelines to consistently achieve required compliance standards or benchmarks
- Ability to identify solutions that effectively address business and control needs
- Interpersonal skills to effectively communicate audit results to functional heads and other stakeholders
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Tasks and Responsibilities
- Manage operational activities at the branch including resourcefulness of the staff.
- Reconciliations of FOSA bank accounts together with banker’s cheque and control accounts.
- Produce reports of monthly disbursement of advances.
- Ensure processing of internal and external standing orders is properly done
- Verify the accuracy of the treasury cash movement throughout the Sacco
- Ensuring proper daily updating of the treasury register
- Ensure proper handling of members’ inquiries and issues at the branch
- Ensuring funds transfers are properly done
- Ensure proper and timely processing of members’ salaries
- Managing the mobile banking process
- Approval of banker’s cheques transfers
- Ensuring membership withdrawals are properly done
- Ensure the accuracy of recordings for FOSA transactions
- Act as the primary custodian of the strong room and treasury
- Guide staff to deliver on branch strategic goals and targets to ensure branch success
- In charge of branch resources
- Mapping and scoping the business opportunity within the Sacco environs, including profiling the business activities within the locality of the Sacco to identify potential business opportunities
- Customer calls to set up meetings with potential customers with a view to establishing new sales opportunities for holistic solutions to the customers
- Ensure timely and effective loan approval process within set limits, by presenting appraised loans for approval and approving the same in the system
Minimum Qualifications and Attributes
- Bachelor’s in a business-related course.
- Membership in a professional body is desirable
- A minimum of 5 years of working experience in a financial institution (three years must be in operations at a supervisory or management level)
- Sound knowledge of Banking and Sacco laws and regulations
- A person of integrity, team player with effective communication skills
- Strategic thinker with good commercial judgement and ability to identify economic opportunities in changing environment and capitalize on them
- Sound judgment and decision-making ability on lending across all sectors
- Customer-focused – striking a solid balance between external and internal customer orientation.
- Excellent leadership, interpersonal, and team management skills
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Tasks and Responsibilities
- Maintenance of members register i.e., update of membership and preparation of dividend
- Production of members monthly report
- Ensure daily reconciliations
- Extraction of the monthly trial balance, cash flows and forecasts
- Verification of payment vouchers to assess accuracy
- Maintaining the general ledger
- Maintaining SACCO’S books of accounts including petty cash, banking and bank reconciliation, debtors’ and creditors schedules and other relevant accounting duties
Minimum Qualifications and Skills
- A Bachelor’s Degree in Accounting/Finance or a Business-Related Degree from a recognized university.
- CPA part II.
- Computer literate.
- A minimum of 2 years experience in a busy financial institution.
- Sound knowledge of Sacco laws and regulations.
- A person of integrity, team player with effective communication skills.
- Excellent in analytical, interpersonal and team management skills.
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Tasks and Responsibilities
- Assist in developing internal audit strategies, policies, and manuals detailing the audit procedures
- Assist in developing, implementing, and reviewing the internal audit charter
- Assist in developing an internal audit work plan and budget for each financial year
- Participate in preparation of the periodic audit reports for presentation to the senior management and the Audit Committee of the Board.
- Check the accuracy and reliability of accounting records by analyzing systems and internal controls
- Verifying cash transactions carried out to ensure they are duly authorized and well documented
- Carry out surprise cash count and other treasury cash management checks.
- Continuously identify idle assets and make recommendations
- Regularly review and report on completeness and accuracy of the Sacco data
- Follow up on the implementation of previous audit recommendations
- Assist in the execution of the Sacco compliance, fraud, and risk assessments by identifying the key risks and assessing mitigating controls to determine the risk profile for the Sacco
- Assist in the development and monitoring of key risk indicators (KRIs) that are mapped to various risks to determine elevations in risk and proactively implement risk mitigation measures
- Review the SACCO’s operations to ensure they meet all regulatory requirements set under the SASRA guidelines.
- Conduct risk assessments for proposed and existing products
Minimum Qualifications and Skills
- A degree in finance or a related field
- CPA III/ACCA qualification
- Three (3) years working experience in a finance function with a minimum 2 years auditing experience in a Deposit Taking Sacco
- CISA certification added advantage
- A firm understanding of internal auditing standards and application
- Knowledge and effective application of all relevant Sacco policies, processes, procedures and guidelines to consistently achieve required compliance standards or benchmarks
- Organized; able to work both independently and in a team setting
- Interpersonal skills to effectively communicate audit results when required
Method of Application
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