Accountant at Co-operative Bank of Kenya

Job Description

(adsbygoogle = window.adsbygoogle || []).push({}); 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 . This status was retained up to and until June 27th 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)

REF – ACCT/CBS/6/23

Summary

Our Client, a large well-established Non-Withdrawable Deposit Taking Sacco based in Nairobi is seeking to fill the position of an Accountant. Reporting to the Finance Manager, the Accountant will be involved in carrying out the accounting duties which support the Sacco’s overall strategic goals and objectives. They will also provide support to the Finance Manager, and other staff members in providing efficient service to the Sacco members.

Duties and Responsibilities

Payment’s preparations Accurate and timely updating of Members’ Personal Accounts Cashflow management Management of Sacco Investment Portfolio Generally, safeguard the integrity of the Society’s data and maintain proper books of accounts for the Sacco. Ensure compliance with existing Sacco Accounting policies, procedures, and International Accounting Standards. Ensure all necessary Sacco Accounts are always reconciled and coordinate to resolve any issues with the Stakeholders. Ensure Sacco financial transactions are accurately recorded and always updated. Ensure all statutory returns and payments are made on time. Safeguard all assets of the Sacco. Ensure completeness in records and safeguard the Sacco’s assets against avoidable losses. Execute the planning and preparation of the annual budget Ensure tax compliance Other relevant roles in the finance department.

 Requirements

Qualifications: 

A Degree in Commerce / Business Administration or a related field. ACCA/ CPA (K) and must be an ICPAK member in good standing. At least 5 years’ experience in carrying out finance functions in a financial institution 3 of which should be in the Co-operative Movement. Conversant with the Co-operative Act, SACCO Act, SASRA requirements, and IFRS. Must have worked with Navision ERP.

 Key Competencies

A person of integrity with excellent analytical and report-writing skills. Strong teamwork. Results-oriented with strong analytical skills Ability to work independently and effectively on strict deadlines Good communication, presentation, and interpersonal skills Knowledge of computerized banking systems.