Finance Manager at Grainbulk Sacco

About the Role

We are seeking a qualified Finance Manager to oversee the Sacco's financial management, accounting functions, and banking operations. This position ensures financial stability, compliance with regulatory requirements, and efficient service delivery to members. The Finance Manager plays a vital role in ensuring the financial health, compliance, and sustainability of the organization by overseeing financial operations, banking services, risk management, and financial growth strategies. This role directly impacts member satisfaction, regulatory compliance, and overall institutional success.

Key Responsibilities

Financial Strategy and Growth

• Develop and execute strategies to increase revenue streams, including investments, loan products, and service charges
• Identify and implement cost-saving measures to enhance financial sustainability
• Drive financial digitization initiatives, including mobile banking, agency banking, and digital lending
• Develop new financial products and services to enhance member satisfaction and Sacco competitiveness

Financial Management

• Develop and implement financial policies, procedures, and strategies to enhance the Sacco's financial health
• Oversee financial planning, budgeting, forecasting, and reporting
• Ensure optimal management of the Sacco's assets, liabilities, and liquidity
• Monitor and manage the investment portfolio, ensuring prudent investment decisions
• Develop and execute strategies for fund mobilization and capital adequacy compliance
• Ensure the Sacco complies with SASRA regulations, IFRS, CBK, and Cooperative Act requirements
• Ensure timely posting of transactions

Accounting and Financial Reporting

• Oversee day-to-day accounting operations, including bookkeeping, reconciliations, and financial statements preparation
• Ensure accurate and timely preparation of monthly, quarterly, and annual financial reports
• Implement and maintain internal controls