SACCO Manager (Kitale)

Cash Management

•  Maintain the General Ledger, check entries in the cash book and the ledger accounts
•  In liaison with the Accountant ,process Cheques, banking EFT / RTGS / deposits and withdrawal slips and other Payments
•  Prepare Cash Flow Statements and advice management on daily cash position.
•  Ensure real time reconciliation of Bank Account, Mobile payment platforms i.e. MPESA and other Account Reconciliation.
•  Ensures that all transactions involving the Sacco expenditure are properly authorized.

Budgeting

•  Prepare budgets in consultation with the management, ensure budgetary controls are in place, monitor and report on variances.
•  Prepare and analyze on regular basis the SACCO’s plans, budgetary estimates and provide explanations on variances.

Member Services

•  Prepare and process payments to members.
•  Prepare and maintain member’s personal accounts.
•  Daily reconciliation of member’s deposits account balances.
•  Ensure members’ Statements with regard to Deposits, Loans and Other savings are correctly updated and reconciled for any discrepancy according to procedure manuals.
•  Reconcile all Check-offs and other remittances with ledgers and member accounts.

Records Management

•  Ensure proper filling of documents and records in accordance with financial procedure.
•  Ensure timely and accurate recording of all transactions.
•  Ensure safe custody of Society’s cheque books and other sensitive documents

Reporting & Compliance

•  Extraction of monthly Trial Balances, Cash Flows and Forecast statements
•  Preparing daily, weekly, monthly and final accounts and reports.
•  Prepare monthly and annual financial statements and reports in an accurate and timely manner including preparation for annual auditing exercise.
•  Ensure that all accounting transactions comply with set financial systems and controls and initiate remedial action where this is not the case.
•  Ensure compliance with the existing accounting policies formulated by the Management and in line with the Cooperative Societies Act, and International Accounting Standards.
•  Liaise with the external auditors during interim and annual audit and follow-up recommendations of internal audit findings
•  Attend all Board meeting and AGM in advisory capacity.

Human and Culture of Performance

•  You will be in charge of identifying, growing and managing human capital capable to deliver breakthrough results at the Sacco
•  You will train, mentor and coach Sacco staff to ensure they acquire sufficient capacity to execute Sacco growth and operating plans
•  Together with the BOD, you will endeavour to build and evolve a culture of integrity and performance at the branch, promoting and living the prescribed company values.

QUALIFICATIONS AND EXPERIENCE

•  University degree in Bachelor of Commerce/Business administration/Accounting or equivalent from a recognized university.
•  CPA (K) or equivalent.
•  Diploma in Co-operative Management will be an added advantage
•  Minimum 2 years working experience in Sacco / Banking / Financial / Money market sector.
•  Ability to carry out financial analysis, financial projections, budgeting and reporting
•  Proficient in Computerised Accounting Systems/Software. (Xtreme ERP CORE banking system is an added advantage)
•  Strong team player with good interpersonal skills and high integrity.
•  Excellent communication skills, fluency in English & Swahili (Verbal and Written)
•  Excellent customer care, analytical, technical and logical approach to problem solving.

How to Apply

Interested candidates are required to submit a CV and mandatory Cover letter stating current and expected salary to recruitment@mtelgon.com indicating the Position on the subject line by 28th February 2025.

MEO Co-operative Savings and Credit Society is an equal opportunity employer and we welcome applications from all suitable and qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation or age.