Sacco Manager at Co-operative Bank of Kenya

Job Purpose

The job holder shall provide day-to day leadership, management and vision necessary to ensure efficient and effective implementation of SACCO’s strategic plan. He/she will give guidance to the Board of Directors on various policy matters as well as manage the SACCO staff in a competent and business manner to achieve the SACCO’s objective.

Reporting to: The Board of Directors
Job type: Contract – Three (3) years renewable based on performance
Reporting to: The Board of Directors
Job type: Contract – Three (3) years renewable based on performance

Duties & Responsibilities

• The job holder with be responsible to the Board of Directors and management of SACCO activities.
• Providing advisory services on all financial and accounting matters to the Sacco Board of Directors.
• Implementation of the society’s strategic plan, business plan and other SACCO policies.
• Ensure Financial strategy supports the achievements of cost savings and revenue targets.
• Co-ordination of the SACCO activities to ensure optimum and efficient utilisation of all SACCO assets and resources.
• Ensure compliance with statutory and regulatory requirement of the SACCO are in order.
• Develop and implement budget and expenditure controls so as to ensure that any financial expenditure within the Sacco is planned, controlled and properly authorised;
• Manage Sacco cashflow and ensure there is sufficient liquidity.
• Create financial insights and share across business units to improve awareness of financial processes.
• Manage the credit portfolio and provide reports to the Board of Directors.
• Planning and coordinating accounting services; ensuring safe custody of Sacco’s assets.
• Develop and maintain relationships with both internal and external clients/stakeholders and ensure effective communication for smooth running of business operations.
• Build relationships with banks to ensure facilities are available and appropriate.
• Represent the Sacco in forums, business transactions and any other transaction authorized by the Board of Directors.
• Identify, analyse and negotiate purchases, ensure that the business plan, objectives are achieved by establishing strategic partnerships with service providers.
• System administration and liaison with the Sacco system services’ providers by ensuring SLAs are adhered to.
• Provide support to Board of directors by organising all Board and Subcommittee meetings.
• Annual and special general meetings and Supervisory meetings as and when required.
• Timely prepare weekly, monthly, quarterly and end of year reports on performance of entire SACCO’s Key Result Areas to the Board and advises accordingly.
• Oversee external Audit exercises and implementing recommendations set forth.
• Manage the operational human resource service delivery to ensure full alignment with the business culture and in compliance with policies and procedures.
• Oversee procurement process of the office while maintaining optimum reorder levels and optimising cost.
• Timely preparation and presentation of various progress reports to the Board of directors.
• Develop, review and implement regulations, internal systems, structures, procedures and controls to improve the quality of service with approval from Board of Directors.
• Coach and mentor team members to build succession.
• Foster a growth oriented, positive and encouraging environment while keeping employees and management accountable to company policies, procedures and guidelines.
• Advise management decisions based on analysis of data and own expertise.
• Setting up performance management system and monitor key performance areas and ensure all targets are met centric to motivation and continuous improvement.
• To have a well-defined communication model in place to ensure all teams understand the performance of the business and also that they understand the needs of their teams.
• Attending Board Meetings and ADM in an advisory capacity and implementing the resolutions made.
• To be a signatory to SACCO Society cheques, Sacco payments documents, contracts and other documents as may be necessary.
• To keep minutes of all SACCO meetings and reports.
• Ensure correctness of books of accounts, receipts and disbursements are well maintained.
• Leave management of Sacco staff to reduce leave liability.
• To perform such other duties as may be directed by the Board of Directors.

Qualifications and Experience
For appointment to this position, a candidate must have:

• Bachelor’s Degree in Commerce (Accounting or Finance option from a recognized institution.
• Master’s degree will be an added advantage.
• Have seven (7) years relevant experience with at least Two (2) years served in management on a similar capacity in large and reputable financial institution.
• Must be a Certified Public Accountant (CPA)K and a member the Institute of Certified Public Accountants of Kenya (ICPAK) in good standing.
• Computer proficiency course from a recognized institution.
• Knowledge of national and industry related financial principles.
• Prior experience and exposure in the Sacco industry.

Skills

• Excellent inter-personal skills.
• Excellent verbal, written, communication and presentation skills.
• Time management skills.
• Strong team leadership and mentorship skills.
• Good grasp of IT and Computer Skills.
• Ability to prepare and maintain management accounts and financial statements for the society including budget in accordance to IFRS and other accounting guidelines.
• Ability to manage the Sacco Cash flows and cash flow forecast.

Personal Attributes & Attitude

• Should have integrity and is able to maintain confidentiality at all times.
• Be Self-driven and innovative.
• Have strong analytical and problem- solving skills.
• Ability to anticipate potential problems, determine and implement solutions.
• Able to pay close attention to detail.
• Ability to be flexible, use initiative, self-evaluate and to work independently under little or no supervision.
• Track record of good management and development skills.
• Change Agent – Introducing and implementing institutional changes and installing organisational development programs in regard to SACCO matters.
• Strategic thinking and result oriented.