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Micro Finance Manager
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
Micro Finance Officer
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.
Credit Officer
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
Internal Auditor
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
Branch Manager
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
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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
Accounts Assistant
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.
Assistant Internal Auditor
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