Job Vacancy in Kenya, Sacco Manager

Job Vacancy in Kenya, Sacco Manager

Sacco Manager

at Corporate Staffing

Published June 27, 2024

Expires July 3, 2024

Location Meru, Meru County, Kenya

Category Accounting and Finance

Job Type Full-time

Description

Job title: Sacco Manager

Industry: Financial Services

Location: Meru

Gross Salary: Ksh 100K – 120K

Our client is seeking to hire a Sacco Manager.

The ideal candidate will be responsible for ensuring the efficient management of the Sacco, driving member growth, and ensuring financial stability and compliance with regulatory requirements.

Duties & Responsibilities

To be responsible for the implementation of the SACCO’s strategic business plans.
To be responsible for the implementation of and adherence to the policies, procedures, and standards.
To be responsible for the SACCO’s investments and management of a balanced investment portfolio.
To be responsible for the management, development & maintenance of a high-performance team by providing transformative leadership & effective supervision, guidance, and initiating training of staff and members under your jurisdiction.
To be responsible for the Sacco’s financial & operational planning, forecasting, and budgeting and be able to conceptualize and explain variances.
To be responsible for prudent management of costs so as to achieve business growth as outlined in the strategic plan.
To be responsible for supporting the board’s decisions making preparation, analysis & presentation of comprehensive, timely, reliable, and compliant financial reports.
To ensure effective implementation of financial, operational & accounting policies and procedures.
To prepare weekly, monthly, and quarterly reports on the performance of the entire SACCO’s key result areas for the board and advise accordingly.
To ensure compliance with all statutory and regulatory requirements of the SACCO & be able to propose changes to the board such as SACCO ACT, rules, by-laws, and Cooperative rules.
To cause to develop and provide high-quality products and efficient services which are value-adding to members so as to enhance market share and revenue command of the SACCO.
To provide support to the board of directors by organizing all board and sub-committee meetings, annual and special general meetings, and supervisory meetings as and when required.
To build and develop a highly motivated team of employees through embedding performance development and coaching through identification of staff training needs and enshrine them in the training and education programs of the society.
To develop and operate a financial services network of branches based on assessment from relevant officials — on quality member service, innovative savings, loan products, and introduction of new business opportunities.
To promote the SACCO’s corporate image by portraying it to society in a professional manner at all times.
To attend and participate in board meetings, seminars, and conferences at all levels to keep informed of the developments affecting the SACCO movement and business environment in general.
To support the board of directors in developing a strategic plan upon which other SACCO plans will be hinged to drive the vision and mission of the SACCO business into the future.
To implement, without delay, all recommendations from the government regulatory bodies, BOD, internal and external audit reports, and consultants based on agreements arrived at with the Board.
To cause to ensure the correctness of books of accounts, receipts, and disbursements are well maintained.
To ensure safe custody of all funds, documents, and property belonging to the SACCO and ensure their safekeeping.
To keep minutes of all general meetings and meetings of the board of directors.
To prepare, approve, and authorize all official correspondence of the SACCO.
Head of the HR function and overall staff welfare as well as the implementation of the Staff Performance System (PMS).
To perform such other duties as may be directed by the board of directors.
Impact of Results
Effective and efficient overall planning, administration, coordination, and evaluation of all functions of the SACCO.

Qualifications:

Bachelor’s degree in Business Administration, Finance, Accounting, or a related field.
Proven 5 years experience in a senior management role within a financial institution, preferably a Sacco or credit union.
Strong understanding of financial management, risk management, and regulatory compliance.
Excellent leadership, communication, and interpersonal skills.
Ability to develop and implement strategic plans and drive organizational growth.
Proficiency in using financial management software and other relevant IT tools.
NB: Residents of Meru are encouraged to apply.

How to Apply

If you are up to the challenge and possess the necessary qualifications and experience; please send your CV only quoting the job title on the email subject (Sacco Manager) to [email protected] before 2nd July 2024