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Accountant

2 months ago

Nairobi, Kenya Co-operative Bank Full time

ABOUT THE COMPANY

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 Bank's Special General Meeting resolved to incorporate under the Companies Act with a view to complying with the requirements for listing on the Nairobi Stock Exchange (NSE).

JOB SUMMARY

Minimum Qualifications and AttributesA Bachelor’s Degree in Finance or related field preferably Bcom or BBM/ (Finance and Accounting) optionA professional accounting qualification CPA K or ACCADiploma in Cooperative Management will be an added advantage5-7 years’ experience in Financial Management in a financial institution.Preferably a member in good standing with ICPAK or equivalent professional body.Sound knowledge of Banking and Sacco laws and regulationsA person of integrity, team player with effective communication skillsStrategic thinker with good commercial judgement and ability to identify economic opportunities in changing environment and capitalize on themSound judgement and decision-making ability on lending across all sectorsCustomer-focused – striking a solid balance between external and internal customer orientation.Excellent leadership, interpersonal and team management skills

RESPONSIBILITIES

Provide leadership in overall financial management in the preparation of the Sacco’s financial statements, budget formulation and Sacco investment strategy.Preparation of timely, consistent and accurate financial statements in accordance with the Sacco’s policies and procedures and statutory reporting.Interpretation of financial information to the Board.Monitoring cash flows and conducting forecasts that provide guidance to the Sacco in planning and decision-making.Initiate and implement sound management policies to ensure accounting processes and procedures are effective, with performance monitoring systems that comply with prudential regulatory standards and risk management strategies.Establish good working relations with professionals (bankers, auditors or statutory organizations) and regulators such as SASRA that support growth of a vibrant financial institution.Timely submission of regulatory reportsUpdate the Sacco Board and management on changes in legislation or regulations that may affect business operations.Overseeing Human Resource management and developmentOrganizing all Board and subcommittee meetings, AGMs and SGMs, supervisory and jointmeetings as well as any other special or impromptu meetingsKeeping minutes of all general meetings and meetings of the Board of DirectorsPerforming such other duties as may be directed by the Board of Directors

REQUIRED SKILLS

Risk management, Reporting, Decision making, Leadership skills, Communication

REQUIRED EDUCATION

Bachelor's degree