Head of Finance

Employment Terms

• Term of Service: Five (5) year renewable contract, subject to satisfactory performance against set targets and Board approval.
• Entry Grade: SG2 of Sheria DT Sacco
• Basic Salary: Ksh. 147,672.93 to 209,982.53
• House Allowance: Ksh. 49,500
• Commuter Allowance: Ksh. 15,000
• Responsibility Allowance: Ksh. 15,000
• Annual Leave: 30 working days
• All Other Leaves: As per the current HR Policy
• Location: Head Office, Upper Hill, Nairobi

Other Benefits

• Medical cover for all staff
• Group Life Assurance Cover for staff
• WIBA Cover for staff
• Annual staff training based on Training Needs Assessments (TNAs)

Key Responsibilities

• Provide strategic financial leadership and translate corporate objectives into effective financial policies, frameworks and operational plans.
• Lead, coach and develop the Finance team, promoting accuracy, accountability, integrity and continuous improvement.
• Maintain complete, accurate and timely accounting records in strict compliance with relevant legislation, IFRS, SASRA guidelines and internal policies.
• Prepare and present financial statements, management accounts, Board reports and statutory reports on a monthly, quarterly, half yearly and annual basis.
• Oversee treasury management, cash flow forecasting, liquidity management, investment monitoring and financial risk management.
• Prepare, monitor and control the Society’s revenue, capital and expenditure budgets in line with approved plans.
• Ensure compliance with financial regulations, tax obligations, internal controls, SASRA requirements, KRA requirements and applicable cooperative society legislation.
• Liaise with external auditors, KRA, banks, SASRA and other relevant institutions on financial, tax, audit and regulatory matters.
• Oversee the Fixed Assets Register, investment portfolio performance and emerging financial risks, providing timely and proactive advice to management.
• Promptly alert the Chief Executive Officer and Board to material financial irregularities, control weaknesses, emerging risks or areas of non compliance.
• Manage banking relationships and capital market engagements to support the Society’s funding strategy and growth plans.
• Collaborate with the Chief Executive Officer in the formulation, implementation and performance monitoring of the Society’s strategic plan.

Qualifications, Experience and Competencies

• Bachelor’s degree in Commerce, Business Administration, Business Management or another related field from a recognised university. A Master’s degree or MBA is an added advantage.
• Certified Public Accountant of Kenya (CPA K) and a registered member of ICPAK in good standing.
• At least ten (10) years of relevant working experience, of which at least five (5) years must be at senior management or departmental leadership level.
• Deep, demonstrable knowledge of SASRA regulations, the Co operative Societies Act, IFRS financial reporting, IFRS 9 expected credit losses, and IFRS S1 and S2 sustainability reporting readiness, as applicable.
• Knowledge of liquidity forecasting, investment concentration, asset liability management and regulatory liquidity compliance is a must.
• Proven track record in financial reporting, budget management, treasury operations, internal controls and regulatory compliance.
• Proficiency in ERP or core banking systems and Microsoft Excel. Experience with Navision or equivalent is an advantage.
• Strategic financial thinking, strong commercial acumen and sound business judgement.
• Exceptional analytical and numerical skills, with meticulous attention to detail.
• Strong leadership and people management capabilities.
• Excellent written and verbal communication skills, including the ability to present complex financial information.
• Unimpeachable integrity, professional independence and the confidence to challenge at all levels.